Today’s edition offers a troubling perspective. Though the US Senate agreed to say that climate change is real, Europe is divided on when to stimulate its carbon market. An early date failed to win support in the Parliament. More unsettling even, the fact that world’s CEOs don’t rank climate change in their top preoccupations, according to a study conducted by PwC.
Quote of the day
“There is no point hiding that we are divided just like Europe is divided. Old EU countries that don’t rely on coal back an early start, and nations mainly in central-eastern Europe opt for a later introduction to protect their economies.”
Marek Grobarczyk, the European Conservatives and Reformists group’s lead lawmaker on measures to fix the carbon market in the industry committee, in the Bloomberg News’ story EU Parliament’s Biggest Group Withdraws Early Carbon-Fix Offer
How concerned are CEOs about climate change? Not at all
By Jo Confino – The Guardian
In a critical year for action to prevent runaway climate change, one would hope the issue would rank high on chief executives’ list of business risks to worry about.
***LB: Also in this story “A spokeswoman for PwC said that climate change did not make it into the top 19 risks CEOs were questioned about because of their lack of interest in the subject. At a time when sustainability experts are calling for tougher regulation to drive climate action, the PwC survey shows that overregulation leads the list of CEOs’ perceived risks, with 78% saying it threatens their organisation’s growth prospects.”
Senate says climate change is real
By Laura Barron-Lopez and Timothy Cama – The Hill
Not a Load of Baloney: Senators voted 98-1 that “climate change is real and not a hoax.”
***LB: Also in this story “The bipartisan vote caught Democrats off guard as many thought a majority of Republicans would vote against the amendment, which will now be attached to underlying legislation that would approve the Keystone XL pipeline.”
House votes to speed natural gas pipelines
By Cristina Marcos – The Hill
The House passed legislation on Wednesday to expedite the federal review process for natural gas pipeline applications.
***LB: Also in this story “Passed 253-169, the bill would allow automatic approval of natural gas pipelines if federal agencies don’t act within a certain timeframe.”
White House threatens to veto gas pipeline bill
By Timothy Cama – The Hill
The White House is threatening to veto a House bill that would set time limits on federal reviews of natural gas pipelines.
Republican hints at Keystone backup plan
By Ben Kamisar – The Hill
Republicans have a backup plan for approving the Keystone XL oil pipeline if President Obama vetoes the bill now moving through the Senate, a top House Republican suggested Wednesday.
Modi aims for energy efficiency, not Obama emission cuts
With US President Barack Obama’s visit to India just days away, Prime Minister Narendra Modi is focused more on boosting the use of renewables in his country than committing to cuts in greenhouse-gas emissions.
EU Parliament’s Biggest Group Withdraws Early Carbon-Fix Offer
By Ewa Krukowska – Bloomberg News
The European Parliament’s largest political group withdrew a draft compromise on advancing a remedy for Europe’s carbon market to 2019 after its proposal failed to win broad support Monday in the legislature’s industry committee.
2015 Climate Leadership Conference
ACCO, EPA, The Climate Registry, C2ES
February 23-25, 2015
Ritz-Carlton Pentagon City (Arlington, VA)
China’s nuclear dream: how the atom could lead to self-sufficiency near-zero emissions
By Eric Ng – South China Morning Post
When China embarked on its first nuclear programme 60 years ago, it was in response to threats from the United States over the Taiwan Strait. Today, the power of the atom is front and centre of another strategy – energy self-sufficiency and to drastically curb carbon emissions.
UK nuclear ambitions dealt fatal blow by Austrian legal challenge, say Greens
By Arthur Neslen – The Guardian
Plans for a new generation of nuclear reactors in the UK have been dealt a fatal blow by Austria’s decision to launch a legal challenge to the EU’s approval of a £17.6bn subsidy deal, according to the Green Party.
Natural gas / coal
Glencore May Cut Oil and Coal Expansion Spending, HSBC Says
By Jesse Riseborough – Bloomberg News
Glencore Plc (GLEN), the mining and commodities trading company headed by billionaire Ivan Glasenberg, may reduce spending plans of $3 billion on coal and oil expansions after prices slumped, according to HSBC Holdings Plc analysts.
Wind farm rejections outnumbered approvals in 2014
By Jessica Shankleman – BusinessGreen
The proportion of onshore wind farms being thrown out of the planning system has more than doubled to 57 per cent since 2008, according to a new report.
First round-the-world solar flight to take off next month
By Stanley Carvalho – Reuters
A plane powered by the sun will attempt an unprecedented flight around the world next month, the project’s founders said, seeking to prove that flying is possible without using fossil fuel.
Four reasons fertilizer pollution may soon be a thing of the past
By David Festa – EDF (Environmental Defense Fund)
Last summer, a toxic algae bloom contaminated the drinking water of nearly half a million Ohio residents. The culprit? Nutrient pollution caused by excess fertilizer that washes off farms and lawns into our waterways.
Australia a leader on trade but lags on environment in development index
By Oliver Milman – The Guardian
Australia has come 12th on an index that ranks wealthy nations according to how their policies affect poorer countries, performing strongly on trade but placed second to last on its stance on the environment.