In this edition, Bloomberg reports on U.K. efforts for EU carbon market fix draft by year-end. Also today, Latin American expansion as UN opens a presence in Colombia. Meanwhile, Poland on collision course with Brussels over ‘illegal’ coal plant, EurActiv.com details.

Quote of the Day:

“The CDM has demonstrated what can be achieved when we use markets to incentivise action on climate change and development. The RCC in Bogotá will help tap the potential for CDM projects in Latin America and serve as a working example of the kind of inter-agency cooperation necessary to tackle climate change.”

–UNFCCC Executive Secretary Christiana Figueres in RTCC’s “UN opens carbon trading office in Bogota.”

Lead Stories

U.K. Seeks EU Draft Legislation on Carbon Market Fix by Year-End
Bloomberg
The U.K. wants the European Commission to propose by the end of this year draft legislation to strengthen the EU emissions trading system after 2020, according to the Department of Energy & Climate Change.
http://jlne.ws/1awz2Hi

UN opens carbon trading office in Bogota
Responding to Climate Change
The UN has opened a carbon markets office in the Colombian capital Bogota, its latest regional initiative to boost interest in emissions trading.
http://jlne.ws/14nvhQT

Whitfield Plans Mega-Hearing on Obama Climate Plan
Bloomberg
House Republicans are seeking 13 federal agencies representing basically every federal decision-maker on the issue to testify at a massive hearing on the White House’s climate change agenda.
http://jlne.ws/153Fgxh

COLUMN-Natural gas could be a bridge fuel to $1 solar: Wynn
Reuters
Natural gas could be the dominant power source for the next two decades in the western United States, even under the most aggressive climate scenarios, before making way for solar, findings from the University of California Berkeley suggest.
http://jlne.ws/15eHkj9

Shareholder support for environmental resolutions hits 10-year high
Social Funds/GreenBiz.com
It wasn’t too many years ago when sustainable investors would be happy with just enough support for a shareowner resolution addressing environmental, social and corporate governance (ESG) for it to qualify for the following year’s proxy ballot.
http://jlne.ws/15eJ7Vr

India passes world’s first corporate responsibility law
GreenBiz.com
India is the first country to pass a corporate responsibility law requiring larger companies to spend 2 percent of each year’s profit on those kinds of initiatives.
http://jlne.ws/15eK008

By 2050, flooding could cost the world’s coastal cities over $60 billion a year
Grist.org
In 2005, flooding caused $6 billion worth of damage globally. By 2050, we could be hit with 10 times that much in losses — and that’s only if the world’s biggest coastal cities make significant investments to mitigate risk. If we do nothing, costs could soar to $1 trillion.
http://jlne.ws/13UMbmd

Population Plus Climate: Why Coastal Cities Will Face Increased Risks From Floods
Time
Living in New York, it’s easy to forget that the ocean is right on our doorsteps. This isn’t Miami with its beaches or Venice with its canals or New Orleans with its history of storms and floods. New York has always been a supremely self-involved city—this famous magazine cover pretty much sums it up—and though Manhattan is an island, it’s one that has its eyes turned inward, not out toward the water that rings it.
http://jlne.ws/1awLeIh

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/

Carbon

Germany’s Linde to build big Saudi carbon capture plant
Reuters
Saudi Basic Industries Corp has hired Germany’s Linde Group to build the world’s largest plant for capturing and using climate-warming carbon dioxide, the Saudi petrochemical giant said on Wednesday.
http://jlne.ws/1d6Qioo

Haze Blankets Hong Kong as Pollution Hits Very High Level
Bloomberg
Hong Kong’s air pollution index reached “very high” levels today as a tropical storm that passed through Taiwan trapped pollutants and blanketed the city in haze, triggering a government health warning.
http://jlne.ws/1f5Kyaa

Are carbon offsets off the agenda?
Travel Weekly
There’s no two ways about it. When we fly we invariably impact the environment in a negative way. Carbon offsets offer a solution but few passengers are embracing them and the question remains as to whether airlines are doing enough to promote them. Richie Kenzie and Emma Mackenzie investigate.
http://jlne.ws/12tYJU5

Natural Gas/Coal

Indonesia Cuts Palm Oil Export-Tax to Boost Sales as Prices Drop
Bloomberg
Indonesia, the world’s largest palm oil producer, reduced the duty on shipments of the crude variety for the first time in four months to increase sales after prices tumbled to a three-year low.
http://jlne.ws/16B7DQz

Poland on collision course with Brussels over ‘illegal’ coal plant
EurActiv.com
Euro MPs and environmentalists are urging the European Commission to take rapid action to prevent Poland from building two huge new 900MW units at a coal plant, in violation of EU laws on Carbon Capture and Storage (CCS).
http://jlne.ws/17OheCx

China coal: a grimy outlook
FT.com
Coal miners and their shareholders love it when the weather gets hot enough to fry an egg on the pavement. China’s recent heatwave is one reason shares of its biggest coal miners have jumped a fifth even as coal prices have slid by nearly a tenth. But there is little reason to think the gains are much more than a mirage.
http://jlne.ws/16SGaME

Power

Czech utility decries Romanian rough play on green energy subsidies
EurActiv.com
The Czech power utility ČEZ has complained to the European Commission about delays by Romania in paying green energy subsidies, saying they may cost it up to 66 million euro a year.
http://jlne.ws/1awD828

Vestas eyes ‘future without surprises’
FT.com
Until Wednesday, Ditlev Engel was the last man standing at Vestas. Chief executive of the Danish wind turbine maker since 2005, he had in the past three years presided over four profit warnings and two big investor lawsuits against the company.
http://jlne.ws/16ka1Y5

Power price wars must stop: King
Australian Financial Review/Business Spectator
Origin Energy Ltd chief executive Grant King has warned that the electricity price war must come to an end, with the company’s latest full-year earnings reflecting the heavy toll price discounting is having, according to The Australian Financial Review.
http://jlne.ws/19N4Fgh

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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