In today’s edition, a global majority urges nations’ leaders to do ‘whatever it takes’ to seal a deal on climate, according to a new survey. Also, the White House unveils a $34m climate plan for developing countries. And last but not least, a Bloomberg opinion on how to profit from climate change by investing in the right companies – destined to every investor, even climate-skeptics!
Quote of the day
“We’re not going to get very far if we keep our efforts contained within our borders.”
John Kerry, U.S. Secretary of state, in The Guardian’s story White House unveils $34m climate plan to disaster-proof developing countries
Do ‘whatever it takes’ for a deal, says majority in global climate survey
By Emma Howard – The Guardian
Nearly two-thirds of people believe that negotiators at key UN climate talks in December should do “whatever it takes” to limit global warming to a 2C rise, according to what is believed to be the most comprehensive survey of global public attitudes to climate change ever conducted.
***LB: Also in this story “The Worldwide Views on Climate and Energy consultation involved 10,000 citizens from 79 developed and developing countries.”
UN climate talks stall despite G7 push on carbon
Calls by the Group of Seven (G7) Monday to slash world carbon emissions did little to boost UN climate talks in Bonn, where frustration mounted over the snail-like progress.
G7 to support climate insurance for poor, finance disappoints
By Megan Rowling – Thomson Reuters Foundation
Group of Seven leaders agreed on Monday to provide insurance against climate hazards for up to 400 million more vulnerable people and back development of early warning systems, but did not outline a clear path for increasing climate aid up to 2020.
White House unveils $34m climate plan to disaster-proof developing countries
By Suzanne Goldenberg – The Guardian
The White House moved to boost confidence in its commitment to an international climate change deal on Tuesday, announcing new measures to help disaster-proof developing countries from extreme weather and sea level rise.
***LB: Also in this story “The $34m initiative, which would bolster the climate defences of countries such as Bangladesh, Columbia and Ethiopia, was part of what White House officials describe as a “steady drumbeat” of announcements and events ahead of critical climate change talks in Paris at the end of the year.”
Even Skeptics Can Profit From Climate Change
By Barry Ritholtz – Bloomberg News (View)
A new Mercer research report, “Investing in a Time of Climate Change,” is fascinating for what it is (and isn’t): a pure investment thesis, not a screed on science or politics.
(UK’s) Big businesses back bold fifth carbon budget
By Jessica Shankleman – BusinessGreen
Eighty British businesses, including household names such as E.ON, John Lewis and BT, will today call on the Prime Minister to step up efforts to tackle climate change both at home and internationally.
Study: EPA climate rule would create jobs
By Devin Henry – The Hill
The Environmental Protection Agency’s (EPA) plan to cut greenhouse gas emissions at power plants will end up creating more jobs than it cuts, according to a new analysis of the proposed rule.
Report: Climate change likely to kill Yellowstone forests
By Angus M. Thuermer Jr. – Wyofile
Climate change will likely denude much of the forested ecosystem that supports Yellowstone and Grand Teton national parks by the year 2050, a Jackson-based report says.
Climate Strategies Forum
Washington Marriott Hotel at Metro Center
June 24-26, 2015
EMA Annual Meeting
October 28-30, 2015
Omni Parker House Hotel
EPA to formally propose ethanol standard
By Timothy Cama – The Hill
The public comment period for the Environmental Protection Agency (EPA)’s proposed ethanol blending standard three years will formally begin Wednesday.
***LB: Also in this story “The complete proposal will be published Wednesday in the Federal Register, following the EPA’s May 29 announcement of the ethanol plan for 2014 through 2016.”
Natural gas / coal
Why there are gaps in public health studies on fracking
By Rebecca Williams – Michigan Radio (Audio)
The Environmental Protection Agency estimates that between 25,000-30,000 new oil and gas wells were drilled and hydraulically fractured annually in the U.S. between 2011 and 2014.
Can Indonesia save the seaborne coal market?
By Clyde Russell (contributor) – Reuters
The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world’s largest exporter, is the next great hope that is to save global miners from the current supply glut.
The Coal Boom Choking China
Chinese miners last year dug up 3.87bn tonnes of coal, more than enough to keep all four of the next largest users – the United States, India, the European Union and Russia – supplied for a year.
Coal Confronting Bigger Threat Than Obama’s Rules for Clean Air
By Mario Parker and Naureen Malik – Bloomberg News
U.S. coal companies worried that the Obama administration’s proposed clean-air rules will put them out of business face a bigger threat: natural gas.
No evidence people affected by sound emitted by wind turbines, inquiry told
By Shalailah Medhora – The Guardian
There is no evidence to show that people are physically affected by low-frequency sound like that emitted by wind turbines, acoustic experts have told a Senate inquiry.
Court tosses challenge to Obama climate rule
By Timothy Cama and Devin Henry – The Hill
Too Soon: A federal appeals court ruled Tuesday that a group of energy companies and states acted too soon in trying to challenge the Obama administration’s proposed climate rule for power plants.
Qatar Fund Buys $1.2 Billion Stake in Hong Kong Utility
By David Stringer – Bloomberg News
Qatar Investment Authority, the Gulf state’s sovereign wealth fund, agreed to pay HK$9.3 billion ($1.2 billion) to buy a stake in Hong Kong billionaire Li Ka-shing’s electric utility as it boosts investments in Asia.
EDF Nuclear Power Struggles to Compete With Falling Market Price
By Tara Patel – Bloomberg News
Electricite de France SA’s sale of atomic power to competitors for the second half of the year has sunk to a fraction of what it was in 2014, signaling nuclear energy may be losing competitiveness.
Ballard Gains on Deal to Develop 33 Fuel-Cell Buses in China
By Justin Doom – Bloomberg News
Ballard Power Systems Inc., a Canadian maker of fuel-cell technology, gained the most in almost four months after winning a $10 million contract to help develop buses for two Chinese cities.
Use It or Lose It
By Abrahm Lustgarten – ProPublica
High in the Rocky Mountains, snowmelt fills a stream that trickles down into Ohio Creek and then onward toward the Upper Gunnison River.
Conservation, solar pumps key to avert Middle East water crisis: officials
Thomson Reuters Foundation
Much of the Middle East and North Africa is set for acute water shortages and the region must do more to conserve water while expanding a series of pilot program including solar-powered water pumps, scientists and officials said on Tuesday.
Maldives faces tides of change
By Ben Doherty – West Coast Sentinel
Mohamed Nasheed carries the air of a man without much time. ”How did it go? Did we win?” he asks an aide as he sweeps, almost at a run, down the marbled corridors of the presidential office.
Republican pledges $175 million to push party on climate
By Darren Goode – Politico
A Republican entrepreneur is putting a whopping $175 million behind a campaign whose message will have some party stalwarts seeing red: The GOP needs to deal with climate change.
***LB: Also in this story “North Carolina businessman Jay Faison will launch a social media and online advertising blitz, backed by state and national digital advocacy efforts and a series of strategic grants, as part of a $165 million campaign run through the ClearPath Foundation.”