Today’s edition focuses on the much-needed carbon market reform in Europe. Warm weather and slow economic growth disrupt initiatives to fix the market. However, companies like EON want to speed up the reform to bolster prices and spur the transition to a low-carbon economy. Also noteworthy in this edition, Georgia officials are considering a carbon market (in the Carbon section), while the World Economic Forum ranks water crises as a top global risk (in the Water section).
Quote of the day
“What’s upsetting the carbon market this month is the abnormally mild weather. What worries me even more than the weather is the economic outlook.”
Mark Lewis, analyst in Paris for Kepler Cheuvreux SA, in the Bloomberg News’ story Warm Weather Sinking EU Emissions-Market Plans
Warm Weather Sinking EU Emissions-Market Plans
By Mathew Carr – Bloomberg News
Europe’s attempt to revive its carbon market is being thwarted by a lack of pollution.
***LB: Also in this story “The region’s warmest year in three decades has cut demand for heating, while utilities are generating a record amount of power from renewables and the ailing economy is crimping manufacturing. Electricity producers will need only about a third of the extra carbon permits being sold in 2015, according to data from Markedskraft ASA, a consultant in Arendal, Norway.”
European lawmakers torn over how early to begin carbon market reform
By Barbara Lewis – Reuters
European politicians meeting on Wednesday ahead of a critical vote next week on reforming the European Carbon market were unable to agree on a single date, putting forward both 2017 and 2019 as deadlines to begin action.
EON Urges Advancing Start of EU Carbon Market Reserve to 2017
By Ewa Krukowska – Bloomberg
EON SE urged European Union lawmakers to speed up a planned reform of the bloc’s emissions market to bolster prices and spur the transition to a low-carbon economy.
Pope says climate change is mostly man-made
By Timothy Cama – The Hill
In his clearest declaration yet about his beliefs on climate change, Pope Francis said humans are primarily responsible for the changing climate.
The shallow opposition to Keystone
By Benjamin Zycher – The Hill
With arguments so shallow, one would think that they would choose to maintain a dignified silence.
2015 Climate Leadership Conference
ACCO, EPA, The Climate Registry, C2ES
February 23-25, 2015
Ritz-Carlton Pentagon City (Arlington, VA)
TNT to roll out carbon-neutral services in major European countries
Post and Parcel
Express delivery giant TNT has said it is converting all of its domestic shipping services to carbon neutral offerings in major European markets, free of charge.
Carbon-Trading Market Could Come To Georgia
By Molly Samuel – NPR Atlanta
Georgia officials are preparing for new federal restrictions on pollution from coal power plants, and one option the state is considering is a carbon market.
Removing CO2 from the atmosphere
For the average Central European citizen, the temperatures of the Libyan desert are probably quite hard to cope with. However, these are the climatic conditions that, according to the Potsdam Institute for Climate Impact Research (PIK), Central Europeans will face in the year 2300.
‘Green’ biomass boilers may waste billions in (UK’s) public money
By Arthur Neslen – The Guardian
Billions of pounds of public money is to be spent supporting ‘green’ boilers, despite evidence from the government’s own experts and industry that they will do little to help the UK meet its clean energy targets.
Natural gas / coal
Activists say Obama action on methane emissions ‘misses 90% of pollution’
By Suzanne Goldenberg – The Guardian
Barack Obama has defied a Republican Congress to move ahead on his climate agenda on Wednesday, cracking down on methane emissions from America’s oil and natural gas boom.
***LB: Also in this story “The plan, a clear signal the president aims to shore up his climate legacy, applies only to future oil and gas infrastructure – a move environmental groups say will fail to combat the rise in emissions from the booming US oil and gas industry.”
Renewable Energy Association launches new solar and energy storage bodies
The Renewable Energy Association (REA) has this week announced the launch of two new trade bodies, following the decision last year to bring an end to its long-standing affiliation with the Solar Trade Association.
Detroit shows auto giants taking the fight to Tesla’s electrics
Malay Mail Online
Last week, a record number of automakers flocked to the Consumer Electronics Show in Las Vegas in the hopes of rebranding their cars as “the ultimate gadgets” and making the industry relevant in the information technology revolution.
World Economic Forum Ranks Water Crises as Top Global Risk
By Brett Walton – Circle of Blue
More than nuclear weapons or a global disease pandemic, impairments to water supplies and punishing cycles of flood, drought, and water pollution are now viewed by heads of state, nonprofit leaders, and chief executives as the most serious threat to business and society.
Copper Mining in the Chilean Desert Projected to Get Much Thirstier
Circle of Blue
Water consumption by copper mining in Chile is projected to increase dramatically in coming years.
UN axes 372 companies from Global Compact initiative
The UN has this week completed its twice yearly spring clean of its Global Compact initiative, confirming that 372 firms have been ejected from the scheme after failing to report on progress against a series of environmental and social principles.
Will we be hungry in a warming world? USDA wants to know
By Niina Heikkinen – E&E
The agricultural livestock field will have to undergo systematic changes to cope with food security and sustainability problems in a climate-changed world, according to a new report commissioned by the National Academy of Sciences.
(Canada’s) Feds to study climate change effects on northern infrastructure
By Alex Boutilier – Toronto Star
The federal government is commissioning a study into how infrastructure in Canada’s northern communities can cope with “extreme climatic events” and the effects of climate change.