Summary

Today’s edition is mainly dedicated to carbon markets, with infos (in the Lead stories section) on the fact that traders expect EU prices to rise next year, and figures on initiatives in carbon pricing, valued at nearly $50 billion by the World Bank (in the Carbon section). And, last but not least, in the Natural gas / coal section, a thrilling story on solar power, poised to overtake shale as an energy source. 

Quote of the day

“It is increasingly clear that traditional mechanisms, known technology, policy and rates of innovation will not deliver the change needed to balance energy security concerns within countries and meet global climate targets.”

Christoph Frei, secretary general of the World Energy Council (WEC), in the Guardian’s story Energy industry calls for new emissions targets to aid low-carbon growth 

Lead stories

Climate rule would bring power sector’s carbon to historic low  
By Timothy Cama – The Hill 
The Obama administration’s climate rule for the power sector would bring that industry’s carbon dioxide output to its lowest level in decades. 
http://jlne.ws/1RmOWGU 
***LB: Also in this story “The Energy Information Administration (EIA) said Tuesday that the Environmental Protection Agency’s (EPA) rule would cut power plants’ carbon to about 1,500 million metric tons a year by 2025.”  

EU carbon market prices expected to rise next year 
By Devin Henry – The Hill 
For the first time since 2011, traders in the European Union’s carbon emissions market expect the continent’s carbon prices to rise next year, according to a survey of market participants. 
http://jlne.ws/1Axmii3

Obama administration pumps $32M into solar industry
By Devin Henry – The Hill 
The Department of Energy announced a $32 million funding program to support jobs and research in the solar energy sector on Tuesday. 
http://jlne.ws/1FObGvA  

Energy industry calls for new emissions targets to aid low-carbon growth 
By Fiona Harvey – The Guardian
World governments must sign a clear new agreement on greenhouse gas emissions at a crunch conference in Paris this December, leaders of the world’s energy industry have urged. 
http://jlne.ws/1ci0NGq 

Events  

Climate Strategies Forum 
ACCO 
Washington Marriott Hotel at Metro Center 
Washington, DC 
June 24-26, 2015 
http://jlne.ws/1J3aeGO

EMA Annual Meeting
October 28-30, 2015
Omni Parker House Hotel
Boston, MA 
http://bit.ly/192w3CR 

Carbon

Carbon Pricing Is Expanding: Initiatives Now Valued at Nearly $50 Billion 
World Bank 
The new Carbon Pricing Watch compiles the latest data on formal carbon pricing initiatives around the world. Several carbon taxes and one of the world’s largest emissions trading systems started in the past year and a half, and more are planned in the coming years. 
http://jlne.ws/1ArYwEn  

World Resources Institute Report Outlines US Carbon Pricing Alternatives 
By Sandy Dechert – Ecosystem Marketplace 
This May, the World Resources Institute, a global research organization spanning over 50 countries, released Putting a Price on Carbon: A Handbook for U.S. Policymakers, an important reference guide that addresses decarbonization and its interaction with many other policy priorities. 
http://jlne.ws/1JVbFHV

European Parliament committee approves carbon reform from 2019 
Reuters  
Members of the European Parliament on Tuesday approved a compromise deal to begin a new reform of the EU Emissions Trading System (ETS) from January 2019. 
http://jlne.ws/1Bos5ld  

Court rejects Kansas appeal in EPA air pollution case 
By Timothy Cama – The Hill 
A federal court has rejected Kansas’ challenge of the Environmental Protection Agency’s (EPA) disapproval of an air pollution plan from the state. 
http://jlne.ws/1LI0gdH 
***LB: Also in this story “Kansas filed the case in 2011 after the EPA decided Kansas did not go far enough in ensuring that its air pollution did not blow to neighboring states as part of the agency’s Cross-State Air Pollution Rule.”

Why India is captured by carbon 
By David Rose – The Guardian 
Beneath a sky made opaque by billowing dust, a mechanised shovel driver steered his vehicle toward the vast wall of an open coal mine. 
http://jlne.ws/1FOaQPt

World’s least-polluting nations aim to set Paris climate bar high 
By Megan Rowling – The Nation  
If your country were responsible for only 0. 
05 percent of the world’s climate-changing emissions, you might not think it worth making a plan to curb that pollution – especially when you still need to get electricity to much of your population. But the Gambian government thinks otherwise. 
http://jlne.ws/1HKkDrU 

Edinburgh University to divest from major fossil fuel companies 
By Jessica Shankleman – BusinessGreen
The University of Edinburgh has revealed plans to dump its shares in three of the world’s largest fossil fuel producers within the next six months, despite voting against plans to shift around £9m of investments away from oil, gas and coal into cleaner energy sources. 
http://jlne.ws/1LHZai6

 

Natural gas / coal

Solar as Fastest Growing U.S. Power Source Rivals Shale Boom
By Naureen Malik – Bloomberg News
Move over shale. The sun is now the fastest growing source of U.S. electricity. 
http://jlne.ws/1FCL9jx

Power   

Water  

In Texas, the Race to Build in Harm’s Way Outpaces Flood-Risk Studies and Warming Impacts
By Andrew C. Revkin – The New York Times 
The holiday and the type of hazard have changed, but once again fast-growing Texas is seeing outsize (and tragic) impacts from extreme weather events. 
http://jlne.ws/1J4sY8T 

Nestle’s bottled-water plan faces fight in Oregon 
By Alison Vekshin – Bloomberg News
Nestle’s plan to bottle Oregon’s spring water is stoking a fight with lawmakers and environmental activists who say a corporation shouldn’t be allowed to profit from a natural resource as drought spreads across the state. 
http://jlne.ws/1At9ARK

 

Miscellaneous

 

Seven out of 10 companies would turn their backs on unethical investments, finds PwC poll 
By Jessica Shankleman – BusinessGreen 
Businesses seeking to raise money will increasingly have to prove their green credentials, according to new research by Pricewaterhouse Coopers (PwC) that shows that the vast majority of investors expect responsible investment to become more important during the next two years.
http://jlne.ws/1JVbn3T

 

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