Summary

A turning point in today’s edition: Gas overtakes coal at US power stations (in the Natural gas/coal section). Also, a new study confirms what has been found before: The economic benefits for a country from tackling climate change easily outweigh the costs. Finally, how a new bond market could help China climate change pledge: Indeed, the People’s Bank of China is in the process of establishing some green bond guidelines for the interbank market. 

Quote of the day

“The majority of the global emissions reductions needed to decarbonise the global economy can be achieved in ways that are nationally net-beneficial to countries, even leaving aside the ‘climate benefits’.”

Fergus Green in his paper for the Grantham Research Institute on Climate Change and the Environment and ESRC Centre for Climate Change Economics and Policy at the LSE, in the Guardian’s story Benefits far outweigh costs of tackling climate change, says LSE study 

Lead stories 

Benefits far outweigh costs of tackling climate change, says LSE study 
By Katie Allen – The Guardian
The economic benefits for a country from tackling climate change easily outweigh the costs, according to a study that seeks to highlight the incentives for individual nations to take urgent action to cut emissions. 
http://jlne.ws/1K0p8Qv

Bond market innovation could help China climate change pledge 
By Chan Wai-Shin – South China Morning Post  
World leaders have agreed to limit global average temperature rises to within 2 degrees celsius. 
http://jlne.ws/1fBQZJP 
***LB: Also in this story “However, there are many challenges in establishing a green bond market – for instance both issuers and investors require more incentives, and regulations need to be tightened to ensure better transparency with regard to eligible projects and use of proceeds. The People’s Bank of China is in the process of establishing some green bond guidelines for the interbank market.” 

Other countries ‘airy-fairy’ on climate change, says Tony Abbott, as Australia delays new emissions target announcement 
By Lisa Cox – Sydney Morning Herald
The Abbott government does not get enough credit for its emissions reduction policies, Prime Minister Tony Abbott has said, as he revealed Australia will not announce post-2020 climate targets until August. 
http://jlne.ws/1MpahMG 

How a new iPhone app aims to help businesses compete on green credentials 
By James Phillips – BusinessGreen
NGO Greenwill will today begin crowdfunding for a new app that allows customers to rate businesses on their green credentials in a drive to encourage more ethical behaviour in the corporate world. 
http://jlne.ws/1O5q9oS

Events  

EMA Annual Meeting
October 28-30, 2015
Omni Parker House Hotel
Boston, MA 
http://bit.ly/192w3CR 

2015 Rising Seas Summit 
Association of Climate Change Officers 
November 12-13, 2015, Cambridge, MA 
http://jlne.ws/1Uxkext

Carbon

Local Actions Could Make Up Shortfall in Emissions Cuts 
By Fiona Harvey – The Guardian 
A landmark climate change conference in Paris this December has triggered commitments on carbon emissions curbs from most of the world’s major polluters – but those pledges will still not be enough to bring about the reductions scientists say are necessary. 
http://jlne.ws/1HpAozJ

Natural gas/coal

Gas overtakes coal at US power stations 
By Ed Crooks – Financial Times
The US generated more of its electricity from gas than from coal for the first time ever in April — in a sign of how the shale boom is putting mounting pressure on the country’s mining industry. 
http://jlne.ws/1IUFFE1 

Environmentalists differ in mindset, willingness to work with frackers 
By Katelyn Ferral – TribLive 
On the battleground against fracking, critics who say they fight for the environment often are branded broadly. 
http://jlne.ws/1fBV1C2  

U.K. to End 300 Years of Deep Coal Mining as Prices Slump
By Alessandro Vitelli – Bloomberg News
Britain plans to close its last deep coal mine in December, spelling the death of an industry that’s kept the nation’s economy humming since the Industrial Revolution. 
http://jlne.ws/1gwJ6Wm

Power 

US aims to power up algae-based biofuels with $18m boost 
By Jessica Shankleman – BusinessGreen 
The US Department of Energy has awarded up to $18m (£11.6m) in funding to algae-based biofuel projects in a bid to reduce the cost of the renewable fuel source. 
http://jlne.ws/1HAZX01 

London missing out on huge solar potential, warns Labour 
By James Phillips – BusinessGreen 
The Mayor of London Boris Johnson has been urged to make it easier for people living in the capital to install solar panels, as the city this month saw record-breaking temperatures and long hours of sunshine that could have boosted renewable energy output. 
http://jlne.ws/1L1g2D7 

Wind Farms Now Off Limits for Australia’s $7 Billion Energy Fund
By David Stringer – Bloomberg News
Wind farming in Australia suffered another setback with the government banning its A$10 billion ($7.4 billion) renewable energy fund from investing in the industry. 
http://jlne.ws/1fBX893

Clean energy bank ‘seeks legal advice’ after (Australia’s) Coalition pulls plug on wind and solar projects 
By Shalailah Medhora – The Guardian  
The Clean Energy Finance Corporation (CEFC) is seeking legal advice after the government instructed it to halt investment in wind power and small-scale solar projects. 
http://jlne.ws/1TwlsaI 

Thailand ignites solar power investment in Southeast Asia 
By Khettiya Jittapong – Reuters
Come December, Thailand will have more solar power capacity than all of Southeast Asia combined as record sums of money is poured into the sector in the hopes of nurturing a new energy source to help drive the region’s second-biggest economy. 
http://jlne.ws/1M5xkPz 

Water

Alaska Starts Cleaning Up Debris From Japan Spread by 2011 Tsunami 
The Associated Press 
A large-scale cleanup is getting underway in Alaska, with tons of marine debris — some of it most likely from the 2011 tsunami in Japan — set to be airlifted from rocky beaches and taken by barge for recycling and disposal in the Pacific Northwest. 
http://jlne.ws/1IUEjcm

The Big Unchill 
By David Abel – The Boston Globe 
A mile off the coast of the continent’s northernmost city, Josh Jones gunned his four-wheeler over ridges of buckling ice and through pools of turquoise water, where normally there would be a vast sheen of ice and snow. 
http://jlne.ws/1HpBmhC

Is a strong El Niño on the horizon? Forecasters say count on it
By Veronica Rocha – Los Angeles Times  
Californians should brace themselves for one of the strongest El Niño events to hit the Pacific Ocean in years. 
http://jlne.ws/1HpBjSQ

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