In today’s edition, find out why companies like Google and Walmart are buying so much wind power, in the Power section. Also, good news: The global climate change agreement brokered in Paris will come into effect two years earlier than originally planned! And more good news: Obama’s rapid move to join the Paris climate agreement could tie up the next president.
Quote of the day
“I don’t think that I have been alarmist — maybe alarming, but I don’t think I’m an alarmist. We have a society in which most people have become unable to understand or appreciate science, and partly that’s a communication problem, which we need to try to alleviate.”
Climate scientist James Hansen, former director of the NASA Goddard Institute for Space Studies in New York, in the Yale Environment 360’s story Climate scientist James Hansen: ‘I don’t think I’m an alarmist’
Paris Climate Deal Seen Taking Effect Two Years Ahead of Plan
By Alex Morales – Bloomberg News
The global climate change agreement brokered in Paris in December by 195 nations will come into effect two years earlier than originally planned, the top United Nations climate diplomat predicted.
***LB: Also in this story ““You heard it here first: I think that we will have a Paris Agreement in effect by 2018,” Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change, said during a question-and-answer session after delivering a lecture Monday at Imperial College London.”
Obama’s rapid move to join the Paris climate agreement could tie up the next president
By Chris Mooney and Juliet Eilperin – The Washington Post
In late March, when the United States and China jointly declared that they’d be moving to immediately sign and then join the Paris climate agreement “as early as possible this year,” it was seen as the latest show of joint leadership by the two largest emitters.
GOP Climate Denier Plots to Make Your Storm Warnings Worse
By David Axe – The Daily Beast
The tornado seemingly came out of nowhere on March 23, plowing into a trailer park in Sand Springs, just west of Tulsa.
Climate scientist James Hansen: ‘I don’t think I’m an alarmist’
By Katherine Bagley – Yale Environment 360, part of the Guardian Environment Network
Climate scientist James Hansen has been a prominent figure in the global climate conversation for more than 40 years.
Faith groups call for more international climate funding
By Devin Henry – The Hill
More than 120 religious groups are encouraging lawmakers to approve President Obama’s proposed $750 million contribution to an international climate change fund.
Yale Advances in Shaping Portfolio to Address Climate Change
By Geraldine Fabrikant – The New York Times
Yale University has made progress in minimizing its endowment portfolio’s exposure to less environmentally sound investments such as stocks of companies that contribute to climate change, a letter released on Tuesday showed.
Exxon faces calls for climate change ‘stress test’
By Ed Crooks – Financial Times
Dozens of investors are backing the call for ExxonMobil, the US oil group, to “stress test” the potential impact on its business of policies to address the threat of climate change.
Navigating the American Carbon World (NACW) 2016
Climate Action Reserve
May 4-6, 2016
San Diego, California
CARBON EXPO 2016
Global Carbon Market Fair and Conference
May 25-27, 2016
Cleantech Innovate Scotland
June 9, 2016
Carbon Pollution Seen As Key Driver of Sea Level Rise
By John Upton – Climate Central
As storm surges and floodwaters push further into neighborhoods from Miami to Melbourne, scientists have revealed how greenhouse gas pollution became the main cause of sea level rise during the late 20th century.
Natural gas / coal
Bernie Sanders Calls For Total Ban On Fracking In New Ad
By Kate Sheppard – The Huffington Post
As the presidential primary contenders campaign in New York, Sen. Bernie Sanders (I-Vt.) is hoping his position on hydraulic fracturing can help differentiate him from former Secretary of State Hillary Clinton.
EPH to list stake in Ukraine gas pipeline
By Henry Foy – Financial Times
EPH, the Czech energy group, is planning to float a stake in the Slovakian pipeline business that supplies one-third of Europe’s gas imports from Russia — despite uncertainty over its future use as Moscow seeks to double the capacity of the rival Nord Stream route across the Baltic to Germany.
Why companies like Google and Walmart are buying so much wind power
By Brady Dennis – Washington Post
The U.S. wind energy industry had a memorable 2015, from installing thousands of new turbines across the country to supporting a growing number of jobs.
***LB: Also in this story “It suggests that companies no longer are purchasing wind-generated electricity — and other renewable energy, for that matter — simply to demonstrate their commitment to sustainability or to bolster their images as environmentally conscious organizations. Increasingly, they are turning to wind because it makes financial sense, Tom Kiernan, AWEA’s chief executive, said in an interview.”
EEX number one platform in Spanish Power Derivatives
EEX Press Release
In March 2016, a total volume of 4.6 TWh was traded in Spanish Power Derivatives contracts at the European Energy Exchange (EEX).
FuelCell Energy: Buy The Drop
FCEL shares have dropped in the past month after weaker-than-expected first-quarter results, but this drop is an opportunity to buy more shares due to the long-term opportunity.
Sierra Nevada Snow Won’t End California’s Thirst
By Henry Fountain – The New York Times
Thanks in part to El Niño, snowpack in the Sierra Nevada is greater than it has been in years.