In this edition, the latest from a nearly wrapped Doha conference, including: UN Envoys in Final Push for Climate Agreement as Deadline Looms from Bloomberg. From the gas space, ‘A Strange Result’ in China Shale Sale and U.S. Gas Exports Clear Hurdle, reports The Wall Street Journal. And from GreenBiz.com, America’s water crisis – and how we can fix it.
Quote of the Day:
“I deeply respect our president and I am grateful for the steps that he has taken, but we cannot have four more years of mentioning this occasionally and saying it’s too bad that the Congress can’t act.”
–Former U.S. Vice President and Presidential Candidate Al Gore in Reuters/The Hill’s “Gore to Obama: Talk is cheap on climate”
UN Envoys in Final Push for Climate Agreement as Deadline Looms
Envoys from more than 190 nations worked through the night at United Nations global-warming talks in Doha to settle differences on fossil-fuel emissions and climate aid, paving the way to a new treaty by 2015.
Doha: Deal still within reach as final countdown begins
Negotiating positions at the UN’s Doha Climate Summit appear to be softening slightly as the conference heads into its final days with the future of the long-running talks still in the balance.
UN Climate Talks Roundup: Nations Demand Compensation, Investment Falls Short
Climate change compensation has emerged as a major issue of the UN climate talks in Doha, Qatar, the Guardian reports, with rich countries like the US and Europe opposing the idea that they should pay developing counties for “loss and damage” in vulnerable areas caused by climate change.
Gore to Obama: Talk is cheap on climate
Reuters/The Hill’s E2 Wire
Al Gore is calling on President Obama to make climate change a higher priority in his second term.
EU, US rule out climate funding pledges in Doha
The European Union and United States refused at UN talks in Doha on Wednesday to commit to concrete climate funding for poor nations as yet another report warned of dire global warming consequences within decades.
Analyst warns new green reporting rules ‘lack teeth’
The recent wave of environmental and social reporting rules adopted by the world’s stock exchanges is being undermined by weak enforcement measures and penalties, according to new research from analyst firm Verdantix.
Stock Exchange Benchmark On Non-Financial Reporting Rules
Report from COP18: Leadership is a matter of degrees
Companies and investors want clarity on what is expected and demanded by regulators, the youth wants a world worth living in and demand leadership from regulators and the political leaders, and regulators want everybody to act now and take personal responsibility. You don’t have time to wait for us — why don’t you act? asked Christiana Figueres, the Executive Secretary of the United Nations Framework Convention on Climate Change and Mary Robinson, President for Mary Robinson Foundation – Climate Justice.
Ecuador to Propose Levy on Oil to Fill Climate Fund
Ecuador plans to propose a levy on every barrel of oil sold by OPEC members to help fund projects that cut greenhouse gases and protect against the effects of climate change.
Green groups warn of Doha failure as aid pledges fall short
European Union promises of rising aid to help developing countries tackle climate change on Thursday failed to ease a stand-off at UN talks in Doha that green groups said were on the brink of disaster.
India Pushing Intellectual-Property Rights at UN Climate Talks
India is seeking a fund that it says would help protect intellectual-property rights while aiding in the transfer of clean-energy technologies to developing countries grappling with climate change.
Fabius Says France Ready to Host UN Climate Talks in 2015
France has offered to host the United Nations climate treaty talks in 2015, when envoys aim to craft a global and binding deal to reduce emissions, French Minister of Foreign Affairs Laurent Fabius said.
‘A Strange Result’ in China Shale Sale
The Wall Street Journal
Chinese oil and natural-gas companies were absent from the top echelon of bidders in China’s second shale-block auction, reflecting dim prospects for rapid development in an industry that has dramatically altered the energy landscape in North America.
U.S. Gas Exports Clear Hurdle
The Wall Street Journal
Shipping some of the newly abundant U.S. natural gas overseas would benefit the nation’s economy more than keeping it all at home, according to a long-awaited government study that has the potential to reshape the global energy market.
Seeing REDD: Brazil, Norway in tiff over forest monitoring
The Sydney Morning Herald
Efforts to produce a global set of rules for protecting forests are being held up by a dispute between Brazil and Norway over who should be responsible for verifying the amount of carbon dioxide absorbed by trees.
Top GOP aide predicts bipartisan energy efficiency bill next Congress
The Hill’s E2 Wire
A prominent GOP House Energy and Commerce aide said committee members are looking to work with the Senate on sweeping energy efficiency legislation next Congress.
Doha Climate Change Conference
United Nations Framework Convention on Climate Change
Nov. 26-Dec. 7, 2012
2013 Climate Leadership Conference
February 27-March 1, 2013
CO2 Fix May Boost State Revenues by Half, EU Note Shows
European Union government revenue from carbon permit auctions may increase by an average 51 percent in the three years to 2015 should member states approve a plan to delay some sales, according to an EU document.
Small firms and hospitals allowed to opt out of EU carbon trading
Small businesses and hospitals in the UK will be allowed to opt-out of the next phase of the European Union Emissions Trading System (EU ETS) under a new rule that is expected to save industry £39m over the next seven years.
UK and Germany launch new fund to help poor nations cut emissions
The UK and Germany yesterday launched a multi-million pound fund designed to help developing countries shift entire sectors and technologies towards low carbon pathways and business models, at the same time as Norway pledged 111m sterling of new funds to help tackle deforestation in Brazil.
Unilever, UPS, Nike lead efforts to address climate change
Despite an uptick in business activity — which might be expected to result in higher emissions — some of the world’s top-earning companies are managing to reduce their carbon footprints, according to a new report.
Key state firms among winners in China shale gas tenders
Big state Chinese power firms, such as the Huadian Group and top coal producer the Shenhua Group, have been named among the winners of the country’s second shale gas auction, the Ministry of Land and Resources announced on Thursday.
Citi gas trades among those that sparked UK probe-Guardian
Citigroup has said its traders made two of the gas deals that prompted investigations by Britain’s financial and energy regulators, Britain’s Guardian newspaper reported on Friday, although Citigroup has denied any impropriety in the matter.
Australia trade deficit widest since early 2008
Australia’s trade deficit yawned out to its widest in four-and-a-half years in October as imports rebounded while exports stayed flat, highlighting the pain a declining terms of trade is inflicting on the resource-rich nation.
S.Africa’s Eskom raises concerns over Glencore-Xstrata
Commodities trader Glencore faces a potential South African hurdle in its $33 billion takeover of miner Xstrata, after power utility Eskom raised concerns the deal could affect its coal supplies.
Chevron Not Expecting Fast Shale-Gas Growth in China
The Wall Street Journal
Chevron Corp. plans to drill three more wells in shale formations in China in addition to one it has already drilled, but the company doesn’t expect rapid progress in shale-oil and gas production there, a company executive said Wednesday.
Chevron: Most LNG Prices to Remain Linked to Oil
The Wall Street Journal
Although many Japanese natural gas buyers see a gas glut in North America as an opportunity to significantly reduce their liquefied natural gas bills, a senior Chevron Corp. CVX +1.22% executive cautioned Wednesday that plans to link LNG pricing to U.S. benchmark gas prices won’t prove to be economic for most conventional LNG projects.
Scottish renewables investment tops 1bn sterling for the first time
Investment in Scotland’s renewable energy industry is at record high levels and green energy companies are now responsible for more than 15 per cent of infrastructure spending in the nation, according to new figures released this week.
Top US biomass plant largely idle; Austin Energy cuts purchases
The largest U.S. biomass plant, a 100-megawatt facility that a Southern Co unit recently opened in east Texas, sits idle most days, unable to compete with cheaper natural gas-fired power plants.
PJM approves nearly $1 bln in U.S. power transmission upgrades
The operator of the U.S. Mid-Atlantic and Midwest power grid approved nearly $1 billion in additional electric transmission upgrades to help maintain reliable power supplies.
Japan’s Idle Land Finding New Life as Solar Farms
The Wall Street Journal
Long-deserted land meant for industrial parks in Japan’s rural areas is attracting investors taking advantage of new government-sponsored incentives to build solar farms.
British Airways’ biofuel plant cleared for takeoff in London
British Airways has secured a site for a state-of-the-art sustainable jet fuel facility in London, providing a key building block for the airline’s efforts to secure “carbon neutral growth” from 2020.
Atos to reduce its carbon footprint by 50%
Electric Light & Power blog/press release
Atos offers carbon neutral hosting services across its worldwide datacenters to support clients on increasing their sustainable operations. The growing demand for energy-efficient data center services in Europe has encouraged Atos to build a new cloud data center project in Finland.
Brazil’s Sabesp Opens $175 Million Water-Recycling Plant
Sabesp, Latin America’s largest water company, and Foz do Brasil SA inaugurated a 364 million-real ($175 million) plant in Sao Paulo state that transforms treated sewage into water for industrial use.
Angola to Spend $1.25 Billion on Water Improvements, Angop Says
Angola will spend at least 120 billion kwanza ($1.25 billion) next year to improve water supplies and distribution networks in seven of the southwest African country’s 18 provinces, the state-run news agency Angop reported, citing Lucrecio Costa, the national water director.
Infographic: America’s water crisis – and how we can fix it
More than three in four Americans are concerned about the state of U.S. water infrastructure, and 61 percent are willing to pay more to fix it, according to a nationwide poll of more than 1,000 American voters age 18 and older.
2012 Expected to be Warmest Year on Record for U.S.
This year will probably overtake 1998 to become the warmest year on record in the U.S., the National Oceanic and Atmospheric Administration said in its monthly climate report.
Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)
Regional Investment of RGGI CO2 Allowance Proceeds, 2011 (Posted Nov. 27, 2012)
2012 Report on Sustainable and Responsible Investing Trends in the US (Posted Nov. 27, 2012)
The Forum for Sustainable and Responsible Investment
Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication
The EU Emissions Trading System (Posted Oct. 17, 2012)
Environmental Defense Fund
Energy Water Nexus: Coordinated Federal Approach Needed to Better Manage Energy and Water Tradeoffs (Posted Oct. 17, 2012)
Carbon Markets and Carbon Policy in China (Posted Oct. 15, 2012)
The Climate Institute/Climate Bridge