Finally, someone decided to save the world – single-handedly – and it is the European oil industry! Discover how in today’s edition. Also, watch what is going on in Australia (in the Carbon section), as the country has promised to do its bit to cut global carbon emissions – but might pass the burden to future generations. Finally, in the Water section, Texas sells $8 billion of bonds for water works.

Quote of the day

“They have massively changed the rhetorical position. They know that if you are not at the table, you could end up being lunch.” 

Charlie Kronick, senior climate adviser at Greenpeace in London,  in the  Bloomberg News’ story How the European Oil Industry Decided to Save the Climate

Lead stories 

White House launches climate change health initiative
By Devin Henry – The Hill 
The Obama administration launched a host of initiatives on Tuesday meant to minimize the impact of climate change on public health. 

C2ES issues status report on Obama Climate Action Plan progress 
C2ES (Center for Climate and Energy Solutions)
Two years after President Obama announced his Climate Action Plan, the administration has made notable progress in all areas, according to a new Center for Climate and Energy Solutions (C2ES) status report on the plan’s implementation.  

China puts $6 trillion price tag on its climate plan 
By Valerie Volcovici and David Brunnstrom – Reuters
It will cost China over $6.6 trillion (41 trillion yuan) to meet the greenhouse gas reduction goals it will lay out later this month in its strategy for United Nations climate negotiations, the country’s lead negotiator for the talks said Tuesday.

Weak sun could offset some global warming in Europe and US – study 
By Adam Vaughan – The Guardian  
Global warming in northern Europe and the eastern US could be partially offset in future winters because of the sun entering a weaker cycle similar to the one which enabled frost fairs to take place on the river Thames in the 17th and 18th century, according to new research.  

Climate Clashes Resume in Washington 
By Amy Harder – Wall Street Journal  
Washington’s climate wars are heating up, with the White House and congressional Republicans both making moves this week that counter the other’s agenda.

How the European Oil Industry Decided to Save the Climate
By Javier Blas – Bloomberg News 
The chiefs of some of Europe’s biggest energy companies decided to pull an historic about-face. It was time to heed the protesters marching in the February snow outside their industry conference demanding action to counter global warming. 


Climate Strategies Forum 
Washington Marriott Hotel at Metro Center 
Washington, DC 
June 24-26, 2015

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


Could China, the World’s Biggest Carbon Emitter, Ever Go Green?  
By Joanna Plucinska – Time  
Its cities are cloaked in smog, the water is polluted and the economy is hugely reliant on coal, the dirtiest form of energy. But now, China is trying to change its reputation as the world’s worst polluter. 

Climate change: Australia prepares to blow its carbon budget 
By Peter Martin – The Age
Australia has promised to do its bit to cut global carbon emissions but it looks like it’s planning to pass the burden to future generations. 

Renewables will supply majority of Australia’s electricity by 2040 – study 
By Monica Tan – The Guardian  
Renewable energy will supply the majority of Australia’s electricity by 2040, even without any additional government policy, according to predictions by energy analysts. 

Real estate owners earn more from green buildings, study says 
By James Phillips – BusinessGreen
Real estate owners should make their properties more energy efficient to attract more investment, according to the Richard Branson-backed NGO Carbon War Room.

Natural gas/coal

Fracking poses ‘significant’ risk to humans and should be temporarily banned across EU, says new report 
By Andy Rowell – The Independent  
A major new scientific study has concluded that the controversial gas extraction technique known as fracking poses a “significant” risk to human health and British wildlife, and that an EU-wide moratorium should be implemented until widespread regulatory reform is undertaken. 

Frontier Fracking Showdown Pits Feds Against Western Boom States 
By Andrew M Harris and Mark Drajem – Bloomberg News 
High noon for the Obama administration’s stricter rules for fracking on public lands has arrived on the Wyoming range.

Itochu ends $1bn US shale foray with $1 stake sale 
By Kana Inagaki – Financial Times
Japan’s Itochu has quietly ended its botched $1bn foray into shale oil in the US, dumping its 25 per cent stake in distressed energy company Samson Resources for just $1. 

France, Spain and Portugal look to unlock Algerian gas exports 
By Christian Oliver and Tobias Buck – Financial Times
France, Spain and Portugal will seal an elusive political agreement early next week that is intended to increase exports of Algerian gas into Europe and further challenge Russia’s market dominance.


World power sector emissions seen peaking in 2029 -research 
Global greenhouse gas emissions from the power sector are expected to peak in 2029 and then start falling, but will still be some way above levels needed to limit temperature rise, research showed on Tuesday.

Renewables to Beat Fossil Fuels With $3.7 Trillion Solar Boom
By Ehren Goossens – Bloomberg News
Renewable energy will draw almost two-thirds of the spending on new power plants over the next 25 years, dwarfing spending on fossil fuels, as plunging costs make solar the first choice for consumers and the poorest nations. 

Amber Rudd: 250 onshore wind farm projects ‘unlikely’ to be built 
By James Murray – BusinessGreen 
The scale of the impact on the onshore wind industry of the government’s controversial decision to end subsidies for new projects was laid bare yesterday, as energy and climate change secretary Amber Rudd told parliament 250 planned projects are now “unlikely” to be built. 

Clean tech

Renewing batteries to foster renewables 
By Sara Stefanini – Politico 
Electric cars may help reduce transport pollution, but they could also spur the wider use of batteries to store renewable electricity for when demand peaks and, as a consequence, further squeeze the need for fossil fuel-fired power. 

Tesla drivers lap the world 40,000 times after reaching one billion mile mark 
By James Phillips – BusinessGreen
Tesla Model S drivers have completed a billion emissions free miles, equivalent to circling the planet 40,000 times, the US electric vehicle leader has announced.


Texas Sets $8 Billion Bond Deluge for Water Works After Drought
By Darrell Preston – Bloomberg News
The worst Texas drought in half a century has ended, with storms flooding downtowns and once-parched prairies. A deluge of $8 billion of bond sales for water works in the Lone Star state is just getting under way.


A healthier lifestyle will also help fight climate change, says study 
By Tom Bawden – The Independent 
Banning carbon dioxide-filled fizzy drinks from schools and cutting consumption of red meat and dairy products are not only ways to make Britain healthier but also key methods for tackling global warming, a new study has said. 

Are Coal Divestment Pledges by Colleges Empty Gestures? 
Bloomberg News  
Stanford, Oxford and Georgetown universities have won praise for promising to purge their endowments of direct investments in coal, embracing the fight against climate change. 

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