In today’s edition, according to a new report for the European commission, European countries should be given binding targets for installing technology to capture and store carbon emissions. Also, while UN’s Ban Ki-moon laments the lack of focus on green investment, a story in the Guardian warns CEOs that climate change should keep them all awake.
Quote of the day
“We should put something in the order of 220m tonnes of CO2 underground across the EU by 2030. Perhaps three quarters of that should come from the power sector and at least a quarter from industrial sources such as steel, cement and aluminium.”
Graeme Sweeney, chair of the European Technology Platform for Zero Emissions Power, in the Guardian’s story EU paper calls for binding CCS targets by 2030
Ban Ki-moon: Lack of focus on green investment “troubling”
By Ed King – RTCC (Responding to Climate Change)
UN secretary general Ban Ki-moon says he finds the lack of focus on investments green infrastructure among world leaders “troubling”.
***LB: Also in this story “Speaking at a televised event at the World Economic Forum, Ban said forums like Davos and the G20 had failed to treat sustainable development seriously.”
“I’m pretty optimistic” – lead US climate lawyer on Paris talks
By Megan Darby – RTCC (Responding to Climate Change)
When conflict between rich and emerging economies threatened to derail UN climate talks in Lima last month, one six-word phrase put them back on track.
***LB: Also in this story “It was the same words used by the US and China in November’s historic joint pact to cut emissions: “In light of different national circumstances.”
Committee on Climate Change to investigate impact of oil price crash
By Jessica Shankleman – BusinessGreen
The government’s climate change advisers are set to analyse the impact of the plummeting oil price on the UK’s ability to meet its carbon budgets, BusinessGreen has learnt.
EU paper calls for binding CCS targets by 2030
By Arthur Neslen – The Guardian
European countries should be given binding targets for installing technology to capture and store carbon emissions, according to a new report for the European commission.
India and US allied in push for climate action
India has an obligation to reduce fossil fuel emissions, the country’s Prime Minister Narendra Modi said yesterday, as he made a series of major climate and energy announcements in tandem with US President Barack Obama.
***LB: Also in this story “Modi’s words mark a shift in his tone on climate change, having previously emphasised the historical responsibility that developed nations bear for creating the problem.”
Climate change is not a concern for CEOs? That should keep us all awake
The first day of the World Economic Forum in Davos was dominated by calls for 2015 to be a year of action on climate change. But while some in the business community worry about sustainability, there is plenty of evidence that the vast bulk of business executives give it no consideration at all.
British Data Echoes U.S. Climate Report
Last year tied with 2010 as the hottest on record, in a new sign of long-term global warming stoked by human activities, British researchers said Monday, backing up American scientists’ findings of record-breaking heat in 2014.
Keystone XL: Democrats stall bill in Senate
Democrats in the US Senate have temporarily stalled progress on a bill to approve the Keystone XL oil pipeline, the top priority of the Republican-controlled Congress.
Move to end Keystone debate fails
By Laura Barron-Lopez and Timothy Cama – The Hill
The Never-Ending Story: A move to end debate on legislation to approve the Keystone XL pipeline failed in a 53-39 vote on Monday evening.
2015 Climate Leadership Conference
ACCO, EPA, The Climate Registry, C2ES
February 23-25, 2015
Ritz-Carlton Pentagon City (Arlington, VA)
Study Raises Concerns About Toxic Oil and Gas Emissions in California Air
By David Hasemyer – InsideClimate News
The infrared video showed an eerie scene: waves of volatile chemicals floating from the vent pipes of an oil-and-gas processing plant in the Lost Hills region of Kern County, Calif.
Natural gas / coal
AGL Suspends Work at Fracking Site After Finding Chemicals
By James Paton – Bloomberg News
AGL Energy Ltd. (AGL), exploring for natural gas in Australia’s New South Wales state, suspended tests at a fracking site after finding chemicals in water samples.
Climate Change Minister announces U-turn on fracking in National Parks
By Jessica Shankleman and James Murray – BusinessGreen
The government has announced a u-turn on plans to allow shale gas exploration in National Parks and Areas of Natural Beauty, after pressure from green groups and Labour over the damage that fracking could have on the environment.
CME Group Announces Six New Additional European Natural Gas Contracts on CME Europe
CME Group, the world’s leading and most diverse derivatives market place, announced today the launch of six new additional European Natural Gas cleared future contracts on CME Europe, adding to the four physically delivered and eight financially settled contracts which launched and began trading on Monday 19 January 2015.
Introduction of Exchange Trading for Spanish, Swiss and Nordic Power Futures – Launch of Italian, Spanish and French Base Day and Weekend Futures
EEX Customer Information
On 16 February 2015 EEX will introduce exchange trading for financially settled Spanish, Swiss and Nordic Power Futures, which are already offered for Trade Registration. In addition, EEX will launch Baseload Day and Weekend Futures for the Italian, Spanish and French Power Market on 23 February 2015.
China coal production falls in 2014
The impact of China’s clean air and renewable energy policies are beginning to have an impact on the country’s coal industry, according to reports suggesting domestic coal production fell last year.
Africa’s quiet solar revolution
By Lorena Galliot – The Christian Science Monitor
By Tanzanian standards, Nosim Noah is not poor. A tall, handsome woman with the angular features of her fellow Masai tribe members, Ms. Noah makes a good living selling women’s and children’s clothes in the markets of this northern Tanzanian city.
Electric vehicle battery market set to top $21bn by 2019
The global market for electric vehicle power sources is set to rise to around $21bn by 2019, a new analysis has predicted.
Portland’s New Pipes Harvest Power From Drinking Water
If you live in Portland, your lights may now be partly powered by your drinking water. An ingenious new system captures energy as water flows through the city’s pipes, creating hydropower without the negative environmental effects of something like a dam.
More weather tantrums predicted for ‘La Nina’ says study
The Malaysian Insider
La Nina, a weather phenomenon that periodically causes devastating droughts and storms, will likely occur more frequently and more violently this century as a result of global warming, researchers said.
Copenhagen unveils first climate-change adapted neighborhood
By Elisabeth Braw – Al Jazeera America
Come hell or high water, the residents of St. Kjeld, a Copenhagen neighborhood, will be ready. Actually, skip the hell part.
***LB: Also in this story “But when the next megastorm hits the Danish capital, St. Kjeld’s residents should be safe and dry. That’s because as of December, they live in the world’s first climate-change-adapted neighborhood.”
Sustainability Provides Competitive Edge, GM Dealers Say
Certain Chevrolet, Buick, GMC and Cadillac dealerships across the US are showing their environmental credentials as part of General Motors’ new Green Dealer Recognition program.
44 cities energizing the charge against climate change
Forty-four finalists from countries around the world have been selected in this year’s Earth Hour City Challenge.