Though in yesterday’s edition President Obama was confident the GOP would change its attitude towards climate change and efforts to tackle it, the Republicans show no sign of an epiphany in today’s edition, as stories on debates or attacks on various EPA rules (on ozone and power) abound. Thank god capitalism and market forces are rescuing the globe from climate change, states another story! Finally, in the Carbon section, Québec company Biothermica completed its first carbon credit sale on the California carbon market.   

Quote of the day

“This is a wake-up call. How many more Vanuatus do we need?”

Ronald Jean Jumeau, the Seychelles’ roving ambassador for climate change and small island developing state issues, in the E&E’s story Heavy storm damage to small island nation will affect Paris talks, diplomats say

Lead stories

Heavy storm damage to small island nation will affect Paris talks, diplomats say
By Lisa Friedman – E&E
The mounting death toll and devastation in Vanuatu since Cyclone Pam smashed the Pacific island nation this weekend have heightened calls for a global climate change compensation fund.

How market forces are winning the climate change battle
By Don Pittis – CBC News
Despite the stereotype of a business lobby warning about the prohibitive costs of cutting back on greenhouse gases, there are increasing signs that capitalism and market forces are actually rescuing us from climate change. 
***LB: Also in this story “A recent report from the MIT Technology Review says that a group of companies including First Solar, SunEdison, Adani Enterprises and the National Thermal Power Corporation — India’s biggest power generator — see a business opportunity in satisfying “India’s unmet demand for electricity” using solar power.”

Include Climate Change in Disaster Planning, FEMA Says 
By John Upton – Climate Central
Federal funds that help communities brace for emergencies will stop being provided to states if they ignore threats posed by climate change in their disaster planning.

Republicans attack ozone rule
By Timothy Cama – The Hill
It’s Ozone Day: Tuesday was the last day to submit formal comments on the Environmental Protection Agency’s (EPA) ozone reduction proposal, and Republicans took advantage of it to register their complaints.

House lawmakers debate power rule
By Lydia Wheeler – The Hill
Legal experts spent the majority of Tuesday’s hearing of the House Energy and Commerce Subcommittee on Energy and Power arguing whether a certain amendment to the Clean Air Act prohibits the Environmental Protection Agency from adopting it’s proposed clean power rule.

The GOP House budget calls DoD climate research ‘waste.’ DoD calls climate change an ‘immediate risk.’
By Philip Bump – Washington Post
The House Republican budget memo released Tuesday contains a number of proposals that, the party hopes, will pass both chambers of Congress.

Wellcome Trust sold off £94m ExxonMobil oil investment
By Damian Carrington – The Guardian
The Wellcome Trust has quietly sold off a $138m (£94m) investment in ExxonMobil, the oil giant which previously funded climate change denial, the Guardian can reveal.

Environmental Report Details Heat’s Costly Escape Through Elevator Shafts
By Lisa W. Foderaro – The New York Times
It is a common winter phenomenon in New York City: As you try to pull open a lobby door, it seems soldered shut. Wrestle it open, and you are greeted by a shrill whistle and a blast of air.  


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 


Biothermica : First carbon credit sale completed by a Quebec company on the California carbon market 
Biothermica, a Montreal company, announced the first sale of 80,766 tons of carbon credits, valued to 860,000$CDN, on the regulated Quebec-California market. This company also foresees significant financial benefits in the coming years thanks to the technology it has developed to generate these credits.

California, Quebec Teaming Up On Climate Change 
By John Upton – Climate Central
California raised $630 million by selling pollution allowances one Wednesday last month, each of them entitling the buyer to harm the climate with a ton of carbon dioxide.

Vietnam plans greener rice cultivation
Vietnam plans to reduce greenhouse gas (GHG) emissions from rice cultivation alone by 14 percent by 2030.  
***LB: Also in this story “Pham Hoang Yen, an expert involved in the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol, said in the last few years, the country has purchased the goal of a 20 percent reduction in GHG in the overall cultivation sector by 2020.” 

Natural gas / coal 

Egyptian firm to buy $1.2 bln of natgas from Israel’s Tamar field 
Egyptian firm Dolphinus Holdings has signed a seven-year deal to buy an estimated $1.2 billion of natural gas from Israel’s Tamar field, the partners in the field said on Wednesday.

Excitement Over Mexico’s Shale Fizzles As Reality Sets In
By John Burnett – NPR (audio)
The prolific shale formation that has made people rich in South Texas doesn’t stop at the Rio Grande, as U.S. maps seem to indicate.

Investors fret as India defends reopening coal mine bids 
By Krishna N. Das – Reuters
India’s coal ministry said it will decide this week the fate of nine winning mine bids it is re-examining to rule out any price discrepancies, despite criticism that its move to reopen some of the tenders will hurt business sentiment.


Solar eclipse is unprecedented test, says European power grid
By Karl Mathiesen – The Guardian
The loss of solar power generation during Friday’s eclipse will be an unprecedented test for the European grid but is very unlikely to cause problems for electricity users, according to electricity providers in the UK and Europe.

Outlook for Solar Gets a Bit Brighter 
By Stanley Reed – The New York Times
Here is a trick question: Which country led the European Union last year in putting new solar panels on rooftops and in countryside energy parks?

Solar energy plane a power point on clean fuel
By Swati Mathur – TNN
If you think an around-the-world flight on a solar-powered aircraft is a joy ride, think again.

The Solar Energy Sector Is Taking Flight
By Maria Gallucci – International Business Times
The price of going solar is dropping dramatically, with rooftop solar systems costing around 80 percent less today than in 2008.

Poll: Scots want more wind power
More Scots support wind power than ever before, with a new poll finding support has risen as more turbines have been built. 
***LB: Also in this story “Over 70 per cent of the 1,003 adults surveyed by YouGov said they supported the continued development of wind power as part of our energy mix, compared to 64 per cent in February 2013.”

Tidal power scheme to be unveiled in 2015 (UK’s) budget
By Terry Macalister – The Guardian  
George Osborne will use the budget to unveil an ambitious and costly plan to build the world’s first tidal lagoon to generate green energy.

LED market’s ‘warp speed’ development at risk from EU vote
Prices of energy efficient LED lightbulbs are falling so fast some bulbs are already as cheap as they were expected to be 10 years from now.

GE wins time to address EU fears over Alstom deal
By Christian Oliver – Financial Times
General Electric has won an extra 20 days to reconcile its differences with the European Commission over the impact of its $17bn merger with Alstom — after both companies rejected Brussels’ concerns over competition in the gas turbine market.


EPA’s waters rule would hit farmers, Republicans say
By Tim Devaney – The Hill
The Environmental Protection Agency’s (EPA) controversial waters regulation would have “dire and significant consequences” for American farmers, Republican lawmakers said Tuesday.

As California Drought Enters 4th Year, Conservation Efforts and Worries Increase
By Adam Nagourney – The New York Times
The rainy season drove into California in December with wet and windy promise: soaking rain, snow, dark gray skies and a flash of hope that the drought that has scorched this region had run its course.

Tanzania Says India to Finance $380 Million of Water Projects
By Felix Njini – Bloomberg News
India agreed to finance as much as $380 million of water projects in Tanzania’s commercial capital of Dar es Salaam and in coastal regions of the nation, the East African country’s presidency said. 
***LB: Also in this story “The Indian government has pledged to provide $100 million for facilities in Dar es Salaam and some coastal areas, and may provide a further $280 million to finance the second phase of the supply of clean and safe water from Lake Victoria to residents in Mwanza, Shinyanga and Simiyu regions, the presidency said in a statement on its website Wednesday.”


ADB raises $500M from ‘green’ bond issue for climate change projects 
The Asian Development Bank (ADB) has raised $500 million from an inaugural green bond issue, aimed at channeling more investor funds to ADB projects that promote low-carbon and climate-resilient economic growth and development in developing Asia.

Slimming down food waste could save European businesses £7bn a year
By Jessica Shankleman – BusinessGreen
Retailers and farmers across Europe could save up to 10bn euros (£7bn) a year if they work together to roll out innovative new technologies that could dramatically reduce food waste, according to a new report by Rabobank.

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