After EU’s deal on climate, reached at the end of last week, a sobering analysis in today’s edition: for some, the effort falls short of expectations. Also, alternative energies have an impact on the price of oil – and on the much-debated Keystone pipeline. And also in today’s edition, an assessment of China’s carbon trading experiment.
Quote of the day
“It changes the narrative quite a bit.”
Anthony Swift, an international lawyer at the Natural Resources Defense Council in Washington, about the tumble in crude prices, in the Bloomberg’s story Keystone Foes Energized as Price Pinch Oil Sand Allure
Keystone Foes Energized as Price Pinch Oil Sand Allure
Jim Snyder, Bloomberg News
Falling oil prices have energized opponents of the proposed Keystone XL pipeline.
***LB: Also in this story “At $75, a government analysis said producers may be discouraged from developing Canada’s oil sands without pipelines like Keystone.”
UN climate change draft sees risks of irreversible damage
Alister Doyle, Reuters
Climate change may have “serious, pervasive and irreversible” impacts on human society and nature, according to a draft UN report due for approval this week that says governments still have time to avert the worst.
E.U. Greenhouse Gas Deal Falls Short of Expectations
James Kanter, The New York Times
The deal reached early Friday by the European Union to cap its greenhouse gas emissions was meant to increase pressure on the rest of the world to achieve a landmark accord on climate protection next year, the bloc’s leaders said.
China’s Grand Carbon Trading Experiment Experiences Highs And Lows
Gloria Gonzalez, Ecosystem Marketplace
About 30,000 runners competed in the 26-mile Beijing Marathon in China this week. But a dark cloud hung over what should have been a joyous event, literally, as in the thick smog that forced many participants to race with masks over their mouths.
Pragmatism on Climate Change Trumps Politics at Local Level Across U.S.
John Schwartz, The New York Times
As she planned her run for the Florida House of Representatives this year, Kristin Jacobs told her team that she wanted her campaign to address the effects of climate change.
(UK’s) Ed Davey hails EU energy deal as blow to Vladimir Putin
Christian Oliver, Pilita Clark and Henry Foy, Financial Times
Britain’s energy secretary, Ed Davey, has hailed a European deal on climate change as a blow to Vladimir Putin that will reduce the region’s dependence on Russian gas imports.
Global warming has doubled risk of harsh winters in Eurasia, research finds
Damian Carrington, The Guardian
The risk of severe winters in Europe and northern Asia has been doubled by global warming, according to new research. The counter-intuitive finding is the result of climate change melting the Arctic ice cap and causing new wind patterns that push freezing air and snow southwards.
U.S. Solar Market Insight Conference
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Dec. 8 – 10, 2014
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Climate change: Carbon trading edges closer as UN brokers deal
Irene Hell and Ian Johnston, The Independent
The world is on the brink of enlisting market forces in the fight against climate change on a truly global scale for the first time, United Nations officials have claimed.
Former EPA leader: ‘Irresponsible’ for US to halt nuclear power
Laura Barron-Lopez, The Hill
Former Environmental Protection Agency (EPA) chief Carol Browner said it would be “irresponsible” for the U.S. to take nuclear power off the table if it is serious about tackling climate change.
Natural gas / coal
Mongolia Coal Miners ‘Burning Cash’ as Prices Drop, Moody’s Says
David Yong, Bloomberg
Mongolian coal producers are “burning cash” and face pressure in the next 12 months because low prices and weak demand from China will persist, according to Moody’s Investors Service.
In Chickaloon coal debate, does what’s best for locals even matter?
Erin McKittrick, Alaska Dispatch News
The Chickaloon Trail sank into the muddy subsoil, its ruts deepened by more than a hundred years of use.
Dam-building boom could be electricity boon, environmental blight
Wilson Dizard, Al Jazeera America
A dam-building boom across the developing world will bring electricity to growing, power-hungry cities across Asia, Africa and Latin America.
***LB: Also in this story “Researchers at Tübingen University in Germany have have compiled a database of the 3,700 different dam projects planned or underway worldwide. They predict that global hydropower capacity will double in the next 10 years — an increase set to reduce by 20 percent the number of free-flowing rivers left on Earth.
Offshore wind industry must ‘get some deals done’, says Green Investment Bank chief
Jessica Shankleman, BusinessGreen
UK offshore wind power developers must start closing investment deals during the next 18 months in order to drive momentum that will ensure Britain continues to operate a world leading sector, the chief executive of the Green Investment Bank (GIB) has warned.
Carmakers prepare to shift to hydrogen fuel cells
Charles Fleming, Los Angeles Times
Concerned about slow sales of electric cars and plug-in hybrids, automakers are increasingly betting the future of green cars on hydrogen fuel cell technology.
Tesla jets into Scotland with Edinburgh Airport supercharger
Will Nichols, BusinessGreen
Tesla has motored into Scotland by opening a new fast-charger location at Edinburgh Airport.
***LB: Also in this story “The charger, located in the airport’s car park, will be available to owners of the company’s Model S electric sedan 24 hours a day for free and replenishes half a charge in about 20 minutes.”
Hedge Funds Cut Coffee Bull Bets as Brazil Drought Eases
Luzi Ann Javier, Bloomberg
Hedge funds pared back their biggest bullish coffee bet since 2008 as rains brought relief to drought-stricken growing areas in Brazil, the world’s biggest producer and exporter.
‘Silent revolution’ in biotech farming is overtaking GM, says Greenpeace
Tracy McVeigh, The Observer
The row over genetically modified crops should be a thing of the past because they have failed to live up to their promise, according to Greenpeace, which will publish a report this week highlighting the successes of biotechnology projects it claims are outstripping GM in improving food production around the world.