In today’s edition, nuanced news on Tesla (in the Clean tech section), and a need to correct problems the CDM program is facing, in the story “Green Projects Stay Dirty as Pollution-Credit Values Tumble 98%”.  Also, some fun, with a new app, aimed at reducing your carbon footprint and a sobering take on climate change, with a story titled: “Pause needed in global warming optimism, new research shows.” 

Quote of the day

“Basically the conclusion I came to is that public engagement is the biggest missing piece in solving our climate change puzzle.”
Ian Monroe the app’s founder, who also teaches courses on climate and energy at Stanford University, in the Fast Company ‘s story This New App Turns Reducing Your Carbon Footprint Into A Game

Lead stories

This New App Turns Reducing Your Carbon Footprint Into A Game
Fast Company
Maybe you’ve checked your carbon footprint once or twice.

Green Projects Stay Dirty as Pollution-Credit Values Tumble 98%
By Mathew Carr – Bloomberg News
For more than a decade, a small Hamburg consulting company thrived by using technology to cut nitrous oxide emissions at fertilizer plants in developing nations. For that, it was awarded United Nations pollution credits that it then sold to European utilities.  
***LB: Also in this story “The value of the credits are down 98 percent since the 2008 recession, meaning it now costs about 12 times their value to install the equipment needed to reduce greenhouse gases, according to data from Johnson Matthey Plc.”

Pause needed in global warming optimism, new research shows 
By Dana Nuccitelli – The Guardian
Since the turn of the century, the Earth’s climate has continued to accumulate heat at a rate equivalent to more than 4 atomic bomb detonations per second.

Global CO2 concentrations reached record high in March, says US government experts 
By Jessica Shankleman – BusinessGreen 
The global concentration of carbon dioxide in the atmosphere – the primary driver of recent climate change – has surpassed 400 parts per million (ppm) for the first time in recorded history.

Greg Hunt promised UN climate envoy Australia’s industrial emissions will drop 
By Lenore Taylor – The Guardian 
The environment minister, Greg Hunt, has reassured the United Nations’ top climate negotiator that the Coalition’s existing policies will reduce greenhouse emissions from electricity generation and heavy industry, despite scepticism from local experts that this will occur.


World Green Economy Summit 2015 
22 April 2015 – 23 April 2015
Dubai, United Arab Emirates

Navigating the American Carbon World (NACW) 2015
North America’s premier conference on climate policy and carbon markets
Presented by the Climate Action Reserve
April 28-30, 2015
Los Angeles, California  

The National Fuel Cell Symposium 2015
Industry, government, and academia will convene to discuss the current state of the Stationary Fuel Cell development and deployment in the U.S.
May 7, 2015 
Sacramento, California 

Nearing the Finish Line: Perspectives and Updates on EPA’s Clean Power Plan (webinar)
April 23, 2015; 11 a.m. – 12:30 p.m. EDT

Northeast RECs Regional Thought Leader Round Table
May 19, 2015; 12 p.m. – 5 p.m. EST
Dentons: 1221 Avenue of the Americas, NY

EMA Annual Meeting
October 28-30, 2015
Omni Parker House Hotel
Boston, MA


Annual Report on the Market for RGGI CO2 Allowances: 2014
Press release – RGGI
No evidence of anti-competitive conduct has been found in the market for Regional Greenhouse Gas Initiative (RGGI) CO2 allowances, according to the independent market monitor’s 2014 Annual Report on the Market for RGGI CO2 Allowances, released today. 

Finland chips away at transport emissions with sawdust to fuel plant 
Plans to turn sawdust into fuel at a plant in Finland have edged closer to reality after developer St1 Biofuels Oy agreed a supply deal for enzymes with Danish biotech giant Novozymes.

Natural gas / coal 

Fracking: The energy revolution that shook the world 
By Barney Jopson – Financial Times
To hunting, shooting and fishing, a rugged Oklahoman named Mark Crismon has added one more hobby: seismography. 

Shale looks more like dotcom boom than Lehman debt bubble
By Ed Crooks – Financial Times
In November 2007, hedge fund manager David Einhorn gave a presentation at the Value Investing Congress in New York, raising concerns about Lehman Brothers. 

Bank of America turns back on coal mining industry in bid to tackle climate change 
By Jessica Shankleman – BusinessGreen 
Bank of America (BoA) has confirmed plans to phase out investments in coal mining companies in a bid to combat climate change by aiding the transition to a low carbon economy. 

Flawed Methane Monitor Underestimates Leaks at Oil and Gas Sites 
By Lisa Song – InsideClimate News 
A popular scientific instrument used to measure methane leaks from oil and gas operations severely underestimates emissions under certain conditions, a preliminary study found. 

Fracking chemicals found in Pennsylvania drinking water 
By Kai Ryssdal – Marketplace (Audio) 
A report out in the Proceedings of the National Academy of Sciences says chemicals used in fracking have turned up in drinking water in Bradford County, Pennsylvania. 


Germany set to overtake UK as top offshore wind installer this year 
By Jessica Shankleman – BusinessGreen 
Germany is on course to install the most new offshore wind power capacity in the world this year, overtaking the UK, which is expected to start construction of just one new project in 2015. 

Solar power is booming. But is it booming fast enough? 
By Jared Gilmour – The Christian Science Monitor 
A dramatic energy transition is underway.  
***LB: Also in this story “Among US renewables, solar is the fastest growing, according to the US Energy Information Agency, and along with wind it accounts for almost two-thirds of renewable growth.”

Brazil’s Eletrobras may sell power distribution assets – source 
Centrais Elétricas Brasileiras SA, Brazil’s largest power holding company, is considering selling controlling stakes in power distribution companies to focus on generation and transmission of electricity, a source with direct knowledge of the situation said on Wednesday.

Clean tech

Tesla motors to big sales, but widening losses
By Tom Huddleston, Jr. – Fortune
Tesla Motors, the electric car company run by billionaire Elon Musk, said its first-quarter revenue grew by more than 50%. But the company’s losses also increased year-over-year. 

Tesla’s New Battery Doesn’t Work That Well With Solar
By Tom Randall – Bloomberg News 
Tesla Chief Executive Elon Musk introduced a new family of batteries designed to stretch the solar-power revolution into its next phase. 
***LB: Also in this story “There’s just one problem: Tesla’s new battery doesn’t work well with rooftop solar—at least not yet. Even Solar City, the supplier led by Musk, isn’t ready to offer Tesla’s battery for daily use.”

Tesla Battery Factory Runs Ahead of Plan to Power Cars, Homes
By Dana Hull – Bloomberg News
Of all the good news Tesla Motors Inc. showered on investors Wednesday, progress at the battery factory it’s building in Sparks, Nevada, may have been the most important, since its output will power the company’s autos and its new line of stationary storage products.


Water Pricing in Two Thirsty Cities: In One, Guzzlers Pay More, and Use Less
By Nelson D. Schwartz – The New York Times 
When residents of this parched California city opened their water bills for April, they got what Mayor Ashley Swearengin called “a shock to the system.”

Multiple dams are an ominous threat to life on the Mekong River 
By Marc Goichot – The Guardian 
In a remote part of northern Laos, history is being made. Construction has begun on the final stage of the $3.5bn Xayaburi dam – the first dam to span the entire mainstream of the lower Mekong River. 

California approves new uniform rules for seawater desalination 
By Sharon Bernstein – Reuters
California water regulators on Wednesday adopted a new uniform permitting process for seawater desalination projects expected to expand in number as the drought-stricken state increasingly turns to the ocean to supplement its drinking supplies.


The Surprising Link Between Fjords and Carbon 
By Michael D. Lemonick – Climate Central
The magnificent, steep-sided fjords that slice deeply into the coastlines of New Zealand, Norway and Alaska are hugely popular attractions for tourists. But they may be surprisingly important to the Earth’s climate system as well.

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