In today’s edition, even well-meaning efforts can turn out to be disastrous for the environment, such as dams to produce hydroelectricity. By drowning forests, they increase methane emissions, a new study finds. Same thing for an African green revolution. This, too, could increase carbon emissions. Also, take a look at the 2014 Dow Jones Sustainability Index and see who is in and who is out.  

Quote of the day

“We will question him in the hearing about his commitment to a low carbon economy as well as his personal and political integrity and we expect clear answers.”

German social-democrat Jo Leinen, environment committee member in The Guardian’s story New EU energy and climate commissioner ‘must drop oil shares’

Lead stories

World’s biggest development banks pledge to scale up climate finance
Jessica Shankleman, BusinessGreen
Six of the world’s largest development banks, including the European Investment Bank (EIB) and the World Bank, have underlined their commitment to delivering climate finance ahead of a major United Nations Summit due to be held in New York later this month.

Drowned tropical forests add to climate change 
Paul Brown, Climate News Network
Big dams built in the tropics to produce hydroelectricity have long been highly controversial − and data gathered in Laos by a French team studying methane emissions confirms that dams can add to global warming, not reduce it. 
***LB: Also in this story “The world’s largest dams are responsible for 4 percent of the human contribution to climate change.” 

Senators want more time for climate rule comments
Timothy Cama and Laura Barron-Lopez, The Hill
We need more time: A slim majority of the Senate sent the Environmental Protection Agency (EPA) a letter Thursday asking for more time to comment on its major climate rule to limit carbon pollution from power plants.

African green revolution could hike carbon emissions – study
Megan Rowling, Thomson Reuters Foundation
Innovation in African agriculture could – unlike other green revolutions – lead to more deforestation and higher carbon emissions, researchers have warned. 
***LB: Also in this story “”If the future global economy remains as fragmented as it has been historically – a world of very distinct agricultural markets – then a green revolution in Africa will lower global carbon emissions. But if markets become more integrated, faster agricultural innovation in Africa could raise global carbon emissions in the coming decades,” agricultural economics professor Thomas Hertel said in a statement.”

The 2014 Dow Jones Sustainability Index: Abbott to Woolworths
Heather Clancy,
After an annual review, 46 companies were deleted from the 15-year-old Dow Jones Sustainability World index — the three biggest (by free-float market capitalization) to be booted were Bank of America, General Electric and Schlumberger. 
***LB: Also in this story “The good news is that 32 were added, including Amgen, Commonwealth Bank of Australia and GlaxoSmithKline.”

Russia faces new U.S., EU sanctions over Ukraine crisis
Adrian Croft and Arshad Mohammed, Reuters
European Union governments agreed on Thursday to begin their new sanctions against Russia over the Ukraine crisis on Friday but could lift them next month if Moscow abides by a fragile truce, while the United States prepared its own fresh sanctions.

US, EU sanctions could put energy giants at risk
Laura Barron-Lopez, The Hill
New sanctions from the U.S. and European Union (EU) on Russia are threatening some of the world’s largest energy companies. 
***LB: Also in this story “The sanctions would hurt companies like ExxonMobil and BP, which are involved with Russia in Arctic explorations.”

Russia Weighs Response as U.S. and EU Add More Sanctions
James G. Neuger, Daryna Krasnolutska and Ilya Arkhipov, Bloomberg
Russia threatened retaliation against a U.S. and European Union decision to stiffen sanctions against Moscow because of Ukraine and may ban some imports including clothing and used cars.

New EU energy and climate commissioner ‘must drop oil shares’
Arthur Neslen, the Guardian
Lawmakers say that the EU’s proposed new climate and energy commissioner, Miguel Arias Cañete, must dispose of any oil company shareholdings before they consider giving his nomination a green light at European Parliament hearings later this month.


EMA’s 18th Annual Meeting 
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts. 
October 22 – 24, 2014
Santa Monica, CA

FT European Gas Summit 
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times. 
23 October 2014 
London, UK 


Carbon Market Volatility to Jump on EU Overhaul Talks
Ewa Krukowska, Alessandro Vitelli and Mathew Carr, Bloomberg Businessweek
The calmest period in more than three years for the world’s biggest carbon market is set to end.

Exxon accused of downplaying carbon bubble risks
Jessica Shankleman, BusinessGreen
Oil major ExxonMobil is underestimating the risks it faces from efforts to decarbonise the energy sector over the coming years, and could end up going the same way as photography company Kodak if it fails to adapt to the fast-changing nature of the energy market.

Natural gas / coal

With natural gas to burn, drillers try using it to power rigs 
Ryan Holeywell, Houston Chronicle
Statoil, the Norway-based oil company with a major presence in North Dakota’s Bakken Shale, will expand the use of technology that lets the company power its oil field equipment using natural gas that it otherwise would burn off.

With Gas Cut Off, Ukraine Looks West
Danny Hakim, The New York Times
Keeping Ukraine warm keeps Andriy Kobolev up at night. Mr. Kobolev, the head of Ukraine’s state energy company, Naftogaz, is scrambling to keep gas flowing into his country as winter looms.


The U.S. Added More New Capacity For Solar Than For Natural Gas In The First Half Of 2014
Emily Atkin, Think Progress 
The federal government agency that collects and crunches numbers on the U.S. energy sector released data on Tuesday showing how much new utility-scale generating capacity has been added in the first six months of 2014.

World’s Largest Single Rooftop Solar Power Project Commissioned In India 
Mridul Chadha, Clean Technica  
Indian solar energy companies are fast delivering world-class solar power projects as the market expands based on favorable regulatory and policy outlooks. 


PepsiCo backs new tool to predict water risks
Heather Clancy, 
Global food and beverage companies from Anheuser-Busch InBev to Coca-Cola to Molson Coors have all created tools to measure and slake their thirst for water. 
***LB: Also in this story “Called Hydro-BID, the system lets planners generate water availability projections based on fluctuating climate, population and land use scenarios.”

90 Percent of U.S. Urban Waterways Contain Pesticide Levels Harmful to Wildlife
Circle of Blue
Approximately 90 percent of urban streams and 61 percent of rural streams in the United States contain levels of pesticides above thresholds that are considered safe for aquatic wildlife, though they are generally safe for humans, according to a study by the U.S. Geological Survey.

Aquifer Is No Quick Fix for Central Texas Thirst
Neena Satija, The New York Times
As drought continues to grip Central Texas, those looking to provide water to the region’s fast-growing cities and suburbs see a solution in a relatively untapped aquifer.


Will GOP control of the Senate affect energy policy?
William O’Keefe, contributor, The Hill
A lot of attention is being paid to November’s election because control of the Senate could switch from Democratic to Republican.  

David Cameron urges shoppers to buy from ethical businesses ahead of ‘Social Saturday’
Jessica Shankleman, BusinessGreen
Prime Minister David Cameron has given his backing to a campaign this weekend that urges consumers to shop at social enterprises that have a positive impact on the environment and communities.

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