In this edition, Coalition’s carbon budget shortfall will be $4 billion, unless . . . reports Climate Spectator. Climate scientists are 95 percent sure that humans are causing global warming, says Grist.org. On the blog front, Harvard Environmental Economics Professor Robert Stavins, blogging on The Energy Collective weighs in with Economics and Politics in California: Cap-and-Trade and Trade Exposure.

Quote of the Day:

“Their appetite has slowed. It hasn’t stopped, but it has slowed.”

–Stephen Trauber, Citigroup Inc.’s vice chairman and global head of energy investment banking, who specializes in large oil and gas acquisitions, in Bloomberg’s “Shale Grab in U.S. Stalls as Falling Values Repel Buyers.”

Lead Stories

Shale Grab in U.S. Stalls as Falling Values Repel Buyers
Bloomberg
Oil companies are hitting the brakes on a U.S. shale land grab that produced an abundance of cheap natural gas — and troubles for the industry.
http://jlne.ws/170OtV1

GAO to review how administration developed ‘social cost’ of carbon
The Hill’s E2 Wire
The investigative arm of Congress is going to look into how the Obama administration developed its increased monetary estimate for the amount of damage caused by carbon pollution.
http://jlne.ws/13AVpJC

Greens press EPA to revoke ‘outdated’ emissions exemption
The Hill’s E2 Wire
The Obama administration is poised to rescind a little-known emissions exemption for power plants as it seeks to flex its muscle through the Clean Air Act.
http://jlne.ws/163tZX8

Economics and Politics in California: Cap-and-Trade and Trade Exposure
Harvard Environmental Economics Professor Robert Stavins, blogging on The Energy Collective
In my previous essay at this blog – The Importance of Getting it Right in California – I wrote about the precedents and lessons that California’s Global Warming Solutions Act (AB 32) and its greenhouse gas (GHG) cap-and-trade system will have for other jurisdictions around the world, including other states, provinces, countries, and regions. This is particularly important, given the failure of the U.S. Senate in 2009 to pass companion legislation to the Waxman-Markey bill, passed by the U.S. House of Representatives, highlighting the absence of a national, economy-wide carbon pricing policy.
http://jlne.ws/16ED6Uq

Coalition’s carbon budget shortfall will be $4 billion, unless . . .
Climate Spectator
By now you’ll know the Coalition has dramatically under-budgeted its Direct Action plan on climate change by A$4 billion. On the Coalition’s current budget the plan will fail to meet Australia’s emissions target of 5% by 2020; and, instead, emissions are projected to grow by at least 9% above 2000 levels by 2020.
http://jlne.ws/14w3B8E

A Closer Look at the Technical and Behavioral Barriers to Action on Global Warming
The New York Times’ Dot Earth blog
There’s been some excellent writing elsewhere of late showing why addressing the buildup of greenhouse gases in the atmosphere, despite the clarity of the basic science, is so hard. Here are two examples:
http://jlne.ws/16qPLaJ

The Battle Over Global Warming Is All in Your Head
Time Magazine
Despite the fact that more people now acknowledge that climate change represents a significant threat to human well-being, this has yet to translate into any meaningful action. Psychologists may have an answer as to why this is.
http://jlne.ws/1bO3drh

Climate scientists are 95 percent sure that humans are causing global warming
Grist.org
Climate hawks are buzzing over leaks from the fifth big climate report of the Intergovernmental Panel on Climate Change, due to be officially released in September. Spoiler: Scientists are pretty damn confident that we’re screwing up the climate.
http://jlne.ws/16EDuSS

Events

Water and Society 2013
September 4-6
New Forest, U.K.
http://jlne.ws/13bNnUA

EMA’s 17th Annual Meeting
September 25-27
Las Vegas
http://jlne.ws/192w3CR

Climate Strategies Forum
Association of Climate Change Officers
October 14-17
Washington, D.C.
http://jlne.ws/14cGFtN

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco
http://jlne.ws/1bAKXT4

FT Global Shale Energy Summit
October 21
London
http://jlne.ws/1cemi7d

Solar Power International
October 21-24
Chicago
http://jlne.ws/184e0wa

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
climateleadershipconference.org/

Natural Gas/Coal/Alternative Fuels

David Cameron accused of inflaming fracking furore by talking up shale gas
FT.com
David Cameron has unnecessarily stoked resistance to shale gas drilling in Britain by making people believe this potential new energy source was “literally coming out of the ground” now rather than being a decade away, Labour has warned.
http://jlne.ws/14R1iMR

Woody biomass draft rules too weak-campaigners
Reuters
Draft proposals to regulate the use of biomass to generate energy, critics say, place the European Union on track to repeat the mistakes it made in its policy on biofuels, increasingly seen as doing more harm than good.
http://jlne.ws/19FblNz

U.S. farm economy flowing in reverse as drought impacts persist
Reuters
The long reach of last summer’s devastating U.S. drought has reversed the flow of the mighty Mississippi River – for corn, at least, with grain-laden barges beginning the rare movement north to Midwest ethanol plants from southern farms.
http://jlne.ws/170PD2L

Power

Luminant Sued by EPA Over Texas Clean Air Violation Claims
Bloomberg
Luminant Generation Co., the largest power generator in Texas, was sued by the U.S. Environmental Protection Agency over air-pollution standards for two power plants.
http://jlne.ws/18GvpdL

Water

More Than Half of India’s Rivers Too Polluted to Drink
Bloomberg
Raw sewage and industrial waste rendered water in more than half of India’s 445 rivers unfit for drinking, according to the Central Pollution Control Board. The report compared pollution levels from 1995 to 2011 including the rivers as well as 154 lakes and 78 ponds in the second-most populous nation. Water from at least a quarter of the rivers surveyed can’t even be used for bathing, it said.
http://jlne.ws/17Z15cm

Bangladesh’s Second-Biggest City Gets World Bank Water Funding
Bloomberg
Chittagong, the main port and second-biggest city in Bangladesh, is undergoing $185 million in water production, sewer system and infrastructure works, almost all of it financed by the World Bank.
http://jlne.ws/19FaBbj

Reports

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
http://jlne.ws/19LKChs

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://jlne.ws/12z1YK5

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank
http://jlne.ws/14KrLza

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
IEA
http://jlne.ws/12Bpk41

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace
http://jlne.ws/12Cyi0X

Mapping carbon pricing initiatives: developments and prospects (Posted May 30, 2013)
World Bank
http://jlne.ws/15iik9E

Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change
http://jlne.ws/ZWPD1Z

View all reports >

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