Though the Lima Climate Conference is still the core of today’s edition, we also feature stories on the first successful carbon auction by California and Québec (good news), and Japan, whose greenhouse-gas emissions rose to a record as the closure of nuclear power plants increased fossil fuel consumption (bad news).
Quote of the day
“The world needs to decide: Are those $90 trillion going to go into clean technology, clean infrastructure, and above all resilient infrastructure, or or is it going to go into the technologies and infrastructure of the last century?”
Christiana Figueres, Executive secretary to the UNFCCC, in the Reuters’ story $100bn climate finance goal ‘a very small sum’: UN climate chief
California-Québec Carbon Auction Sells Out at $12.10
By Lynn Doan – Bloomberg News
California and the Canadian province of Québec, which together run North America’s biggest carbon market, sold greenhouse-gas allowances for $12.10 each in their first joint auction last week.
***LB: Also in this story “Almost 23.1 million allowances, each permitting the release of 1 metric ton of carbon dioxide as soon as this year, were on sale. About 10.8 million permits that can be used as early as 2017 were also auctioned. The 2017 allowances sold out at $11.86 each. The governments received 1.92 bids for every one of those up for auction.”
UN carbon market fights for its future at Lima talks
By Megan Darby – RTCC (Responding to Climate Change)
It is a hot topic in Lima, where negotiations are under way to produce a draft agreement. But the UN’s flagship carbon market project, the Clean Development Mechanism, has crashed due to lack of demand.
Carbon market chief denounces European policy
By Pilita Clark – Financial Times
The head of the world’s only global carbon market has said the “dumb decisions” of bureaucrats in Brussels have brought the system to the point of near irrelevance.
***LB: Also in this story “Hugh Sealy said the UN-backed Clean Development Mechanism had been undermined by a Brussels decision to restrict the use of its permits in the EU emissions trading system, the largest scheme of its kind.”
UN sets modest hopes for climate pledges at 2015 Paris summit
By Alister Doyle – Reuters
Government pledges due in 2015 to cut rising world greenhouse gases will be too weak to avert the worst of global warming and merely be part of a long haul to agree far tougher curbs, the United Nations said on Wednesday.
Lima climate talks: developing nations urge rich to aim for zero emissions
Developing countries called on the rich to do more to lead the fight against climate change in line with scientific findings that global greenhouse gas emissions should fall to net zero by 2100 to avert the worst impacts.
The biggest hurdles plaguing a global climate accord
By John H. Cushman Jr – InsideClimate News
It was not with starry-eyed optimism, but with fierce determination that global climate negotiators launched their treaty talks in Lima on Monday.
$100bn climate finance goal ‘a very small sum’: UN climate chief
An international goal of providing $100 billion each year by 2020 to help vulnerable countries adapt to climate change impacts and pursue green growth is far off what is needed to achieve a global clean revolution, the UN’s top climate change official said on Wednesday.
Opinion Biodiversity Offsets As Corporate Responsibility: Opportunity Or Paradox?
By Carlos Ferreira – Ecosystem Marketplace
Biodiversity offsets has the potential to implement high quality conservation in the face of encroaching development.
Africa at Disproportionate Risk from Climate Change
By Roman Kilisek – The Energy collective
Today, the Conference of Parties to the UN Framework Convention on Climate Change (COP 20) begins in Lima and is widely seen by environmental experts “as a crucial springboard to COP 21 in Paris” next year.
Missing Its Own Goals, Germany Renews Effort to Cut Carbon Emissions
By Melissa Eddy – The New York Times
Germany has fallen behind in its ambitious goals for reducing carbon emissions. It is burning more coal than at any point since 1990. And German companies are complaining that the nation’s energy policies are hurting their ability to compete globally.
China to launch 50 bln yuan fund to fight pollution: China Securities Journal
China plans to launch a 50 billion yuan ($8.13 billion) environmental protection fund in stepped-up efforts to reduce widespread pollution, the official China Securities Journal reported on Wednesday.
Japan’s CO2 emissions hit record as fossil fuel consumption rises
Japan’s greenhouse-gas emissions rose to a record in the year ended March as the closure of nuclear power plants increased fossil fuel consumption.
***LB: Also in this story “Emissions rose 1.6 percent to 1.395 billion metric tonnes of CO2 equivalent from a year earlier, preliminary data published by the Ministry of Environment on Thursday shows. That was up 1.3 percent from 2005 and up 10.6 percent from 1990.”
Senate sends US-UK nuclear security agreement to Obama
By Ramsey Cox – The Hill
The Senate passed a bill Wednesday to renew a nuclear security agreement between the United States and the United Kingdom.
White House names 16 communities as climate ‘champions’
By Timothy Cama – The Hill
The White House has designated 16 local and tribal governments as “climate action champions” for the work they have done to fight climate change and mitigate its effects.
Abundance launches service to help communities invest in renewables projects
By James Murray – BusinessGreen
Green energy crowdfunding specialist Abundance Generation has today launched a service designed to let renewable energy developers offer stakes in new projects to local communities.
U.S. Solar Market Insight Conference
The U.S. Solar Market Insight Conference presents data, analysis and expert forecasting on the state of the solar market in the U.S.
Dec. 8 – 10, 2014
San Diego, CA
The Importance and Impact of Including Fuels and Natural Gas in California’s Cap-and-Trade Program
Climate Action Reserve
December 11, 2014 – 10:00am – 11:00am PST
Type of Event: Webinar
Defense, National Security & Climate Change Symposium
January 7-8, 2015
Marriott Wardman Park Hotel, Washington DC
2015 Climate Leadership Conference
ACCO, EPA, The Climate Registry, C2ES
February 23-25, 2015
Ritz-Carlton Pentagon City (Arlington, VA)
This Process Averts Climate Change. Now the Bad News
By Jeremy van Loon – Bloomberg News
Scientists know only two credible ways to prevent temperatures from rising to dangerous levels: stop burning fossil fuels or capture and bury the carbon dioxide byproduct before it gets into the atmosphere.
***LB: Also in this story “If you don’t want to roll the dice on a technological fix, it’s not the best place to put your money.”
Countries Racing to Adopt Low-Carbon Technologies, UNFCCC Chief Says
Latin American Herald Tribune
The countries taking part in the latest annual edition of the United Nations’ climate-change conference are in a race to adopt low-carbon technologies, according to the executive secretary of the UN Framework Convention on Climate Change, who said their speed in making that switch will depend on the commitments they make under a new global accord.
Indigenous People Call For Scaled Up REDD As Study Highlights Precarious State Of Territorial Forests
By Steve Zwick – Ecosystem Marketplace
“All across the Amazon, the only thing standing between forests and destruction is us, the people of the forest,” said Jorge Furagaro of COICA (Coordinadora de las Organizaciones Indígenas de la Cuenca Amazónica, Coordinator of Indigenous Organizations of the Amazon River Basin), a federation of indigenous people across Latin America, as he presented the findings of a peer-reviewed paper.
Numbers show how pollution has changed Earth
By Seth Borenstein – Associated Press
In the more than two decades since world leaders first got together to try to solve global warming, life on Earth has changed, not just the climate. It has gotten hotter, more polluted with heat-trapping gases, more crowded and just downright wilder.
CO2 warming effects felt just a decade after being emitted
It takes just 10 years for a single emission of carbon dioxide (CO2) to have its maximum warming effects on the Earth.
Reps press for gas tax hike
By Keith Laing – The Hill
A bipartisan pair of lawmakers pushed Wednesday for a 15-cent increase in the tax that is paid by drivers when they fill up at the pump.
Natural gas / coal
Pivoting the Climate Debate from Oil to Coal
By George Black – The New Yorker
Early on in the furious battle over the Keystone XL pipeline, a new slogan began to appear at rallies: “Keystone XL = Game Over for Climate.” That phrase, “game over for the climate,” originated in a May, 2012, Times Op-Ed, by James Hansen, who was at the time NASA’s most prominent climatologist.
Ofgem fines British Gas £11.1m for missed environmental targets
John Aglionby – Financial Times
Ofgem, the energy regulator, has fined British Gas £11.1m for failing to meet government environmental obligations to save energy and reduce carbon emissions.
Ukraine to prepay for Russian gas today or tomorrow-energy minister
Ukraine will make a prepayment for 1 billion cubic metres of Russian gas on Wednesday or Thursday, Ukrainian Energy Minister Volodymyr Demchyshyn said, as the deepening winter forces the country to rely for energy on its powerful neighbour.
Petronas delays go-ahead for Canadian LNG project
The Malaysian Insider
State-owned oil and gas company Petronas delayed giving the final investment go-ahead yesterday for its US$11 billion (RM38 billion) liquefied natural gas export terminal in British Columbia, citing high costs and other outstanding issues.
KKR takes stake in solar-powered farming group
By Henny Sender – Financial Times
KKR is taking a $100m significant stake in Sundrop Farms, an agricultural technology company that relies on solar power and seawater for the huge greenhouses it builds and operates in arid places including Australia.
NextEra Energy to buy Hawaiian Electric for $2.63 bln
U.S. power company NextEra Energy Inc said it would buy Hawaiian Electric Industries Inc , Hawaii’s largest power supplier, for about $2.63 billion in cash and stock to expand its regulated holdings.
The Role of Clean Energy Banks in Increasing Private Investment in Electric Vehicle Charging Infrastructure
by Matt Frades, Janet Peace and Sarah Dougherty – C2ES (Center for Climate and Energy Solutions)
This paper explores how Clean Energy Banks, or other similar organizations aimed at leveraging public funds to attract private investment in clean energy deployment, could help reduce the barriers to EV charging infrastructure by (1) supporting the development of viable business models for charging services in the near term and (2) helping scale up private capital investments into EV infrastructure in the longer term.
Major deltas ‘could be drowned’
By Victoria Gill – BBC News
Sea-level rise and river engineering “spell disaster” for many of the world’s river deltas, say scientists.
***LB : Also in this story “Half a billion people live in deltas, but the newly published research suggests many of these areas are set to be inundated by rising seas. Some of the lowest lying, including the Mekong and Mississippi, are particularly vulnerable.”
Drought in U.S. and Brazil Linked to Hottest Year Ever
By Alex Morales – Bloomberg News
Drought in California and Brazil, the U.K.’s wettest winter and floods in the Balkans are among the extreme weather patterns that marked what’s on track to be the hottest year ever recorded.
New Zealand Farmers Face Water Restrictions as El Nino Develops
By Tracy Withers – Bloomberg News
New Zealand farmers are facing summer water restrictions in some regions as an El Nino weather pattern develops, hitting dairy farmers already feeling the effects of plunging milk prices.
Climate Change Causes Massive Devastation In Mock 2050 Weather Reports From UN Show
By Dennis Lynch – International Business Times
The United Nations’ World Meteorological Organization released a set of mock television “weather reports from the future” this week to show how climate change could drastically affect life on Earth in 2050.
In a Queens Forest, Compiling a Picture of Urban Ecology
By Lisa W. Foderado – The New York Times
Deep in the woods at Alley Pond Park in Queens is a laboratory that looks like something out of a weather fanatic’s wild imagination.