Summary

In today’s edition, some self-evident truths, like economics supports immediate action on global warming and cheap gas won’t last forever, as president Obama says in the Natural gas / coal section. Also in this edition, the EPA will impose “model rule” to states that don’t file carbon-cutting plans and in the Power section, Cape Wind, a massive wind farm proposed in Nantucket Sound, has been dealt a setback that threatens its finances and throws into doubt whether it will become the nation’s first such offshore project.  

Quote of the day

“I would strongly advise American consumers to continue to think about how you save money at the pump because it is good for the environment, it’s good for family pocketbooks and if you go back to old habits and suddenly gas is back at $3.50, you are going to not be real happy.”

President Obama, in the Hill’s story Obama: Cheap gas won’t last forever (in the Natural gas / coal section)

Lead stories 

Economics supports immediate action on global warming
By Dana Nuccitelli – The Guardian
Lately there seems to have been a shift away from climate science denial, toward arguments downplaying the costs of human-caused climate change. 
http://jlne.ws/17lr8kX 
***LB: Also in this story “Specifically, some economists publishing reports for Bjorn Lomborg’s Copenhagen Consensus Center have argued that we should focus our efforts more on adapting to climate impacts and on other issues, rather than on cutting carbon pollution and slowing global warming.”

EPA delays landmark climate rule
By Timothy Cama – The Hill
The Environmental Protection Agency is delaying its landmark climate regulations for power plants in what it said is an effort to better consider input on them and better align the major pieces of the regulations.
http://jlne.ws/1HOUhC4

For States That Don’t File Carbon-Cutting Plans, E.P.A. Will Impose ‘Model Rule’
By Coral Davenport – The New York Times
The Environmental Protection Agency will force states to comply with a federal “model rule” to cut their carbon emissions if the states do not submit customized plans under the Obama administration’s new climate change regulations, a senior official said Wednesday. 
http://jlne.ws/14yt9cD

Renewables take top spot in Germany power supply stakes
By Jeevan Vasagar – Financial Times 
Nearly 26 per cent of Germany’s power generation came from renewable sources in 2014, according to figures compiled by Agora Energiewende, a Berlin think-tank, up from just over 24 per cent in 2013.
http://jlne.ws/1BAo0Nj 
***LB: Also in this story “Electricity output from renewables has grown eightfold in Germany since 1990.”

Events 

Defense, National Security & Climate Change Symposium
ACCO
January 7-8, 2015
Marriott Wardman Park Hotel, Washington DC
jlne.ws/11QVx8i

2015 Climate Leadership Conference
ACCO, EPA, The Climate Registry, C2ES
February 23-25, 2015
Ritz-Carlton Pentagon City (Arlington, VA)
jlne.ws/AAf4bu 

Carbon

Why leaving fossil fuels in the ground is good for everyone 
By George Monbiot – The Guardian  
As you read this, a monster of a bill is passing smoothly and quietly through Britain’s parliament. 
http://jlne.ws/1HORclr

Natural gas / coal

Obama: Cheap gas won’t last forever
By Laura Barron-Lopez – The Hill
President Obama is encouraging Americans to purchase more fuel-efficient vehicles because cheap gas isn’t going to last forever.
http://jlne.ws/1AGA3Za

Ukraine Risk Spurred Record ICE European Gas Trading in 2014
By Isis Almeida  – Bloomberg
European natural gas trading rose to a record on the Intercontinental Exchange Inc. last year as the continent faced the threat of supply disruptions from Russia. 
http://jlne.ws/1s8lyf2 
***LB: Also in this story “Trading of U.K. gas gained 84 percent from a year earlier, while Dutch volumes almost tripled, according to data from ICE Futures Europe and ICE Endex.”

(UK) Labour seeks ban on fracking near aquifers
By Damian Carrington – The Guardian
Fracking would be prohibited on the land that collects the nation’s drinking water, under a Labour proposal published on Wednesday.
http://jlne.ws/1BJ5oIJ

Death of UK deep coal mines nears
By Andrew Bounds – Financial Times 
All of Britain’s deep coal mines are set to shut within two years, after the government agreed to lend up to £8m to stave off the insolvency of Hatfield colliery and support its managed closure.
http://jlne.ws/1Au8XTI

Power

Power-Grid Officials Criticize Plan for Cutting Emissions
By Rebecca Smith – Wall Street Journal 
A proposed federal rule to cut greenhouse-gas emissions from U.S. power plants will weaken the nation’s power grid and could even cause blackouts, say some of the officials who run the country’s electricity network. 
http://jlne.ws/1Avzwur

Plan for Offshore Wind Farm in Nantucket Sound Hits a Snag
By Katharine Q. Seelyejan – The New York Times
Cape Wind, a massive wind farm proposed in Nantucket Sound, has been dealt a setback that threatens its finances and throws into doubt whether it will become the nation’s first such offshore project. 
http://jlne.ws/1xUWavN

Accenture moves to bolster smart grid offering with Structure deal
By Jessica Shankleman – BusinessGreen
Consultancy giant Accenture is set to buy software advisory company Structure in a bid to boost its smart grid and energy trading services. 
http://jlne.ws/1BAncYO 
***LB: Also in this story “Consultancy agrees to buy Houston-based software advisory firm for undisclosed sum.”

Macquarie buoyant over offshore wind market after Baltic 2 deal
By Jessica Shankleman – BusinessGreen
Macquarie Capital is eyeing up a number of offshore wind farm investments in Germany and Europe, after today acquiring 49.89 per cent of a 288MW project in the Baltic Sea. 
http://jlne.ws/142Zrez

Water

PM invites Indian Diaspora to fund, clean up Ganga 
By Virendra Pandit – The Hindu  
Virtually ‘relaunching’ the Pravasi Bharatiya Divas (PBD) on a high-profile platform to reconnect with overseas Indians, Prime Minister Narendra Modi on Thursday exhorted them and their descendents to contribute to the Namami Gange Fund and clean up the mighty river to rededicate themselves to the country of their origins. 
http://jlne.ws/1BKZ6IB

Miscellaneous

Ski resorts start to address threat of climate change 
By Collette Derworiz – Calgary Herald  
It begins when you hand over your skis or snowboard and step into the gondola at Kicking Horse Mountain Resort. 
http://jlne.ws/1BAeRnL

EU exit would be disaster for UK farmers, says Scottish minister 
By Fiona Harvey – The Guardian 
Leaving the European Union would be a disaster for the UK’s farmers, Scotland’s farming minister has said. 
http://jlne.ws/1AsOocQ

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