In today’s edition, it seems as if it is always coming sooner: Humans have already used up 2015’s supply of Earth’s resources. No wonder climate change is putting your investments at risk. A story in the Telegraph. Finally, the Pope is not the only one: Muslim scholars prepare a call for action on climate change, the declaration will be made in Istanbul next Tuesday.
Quote of the day
“Islam teaches us: ‘Man is simply a steward holding whatever is on Earth in trust. Therefore man should ensure that we do everything possible to protect for this and future generations in order to leave this world a better place than we found it.”
Sheikh Shaban Ramadhan Mubaje, Uganda’s grand mufti, in the Bloomberg News’ story Muslim Scholars Prepare Call for Action on Climate Change
Humans have already used up 2015’s supply of Earth’s resources – analysis
By Emma Howard – The Guardian
Humans have exhausted a year’s supply of natural resources in less than eight months, according to an analysis of the demands the world’s population are placing on the planet.
Rich nations’ climate plans fall short of hopes for Paris summit
By Alister Doyle – Reuters
Developed nations are on track to cut their greenhouse emissions by almost 30 percent by 2030, Reuters calculations show, falling far short of a halving suggested by a U.N. panel of scientists as a fair share to limit climate change.
Muslim Scholars Prepare Call for Action on Climate Change
By Alex Morales – Bloomberg News
Islamic scholars and religious leaders are preparing a call for action on climate change that will say it’s the religious duty of the world’s 1.6 billion Muslims to fight global warming.
***LB: Also in this story “The declaration will be made in Istanbul next Tuesday during a two-day meeting in the Turkish city coordinated by three religious-environmental groups, according to Climate Action Network, a network of non-governmental organizations.”
A New Evangelical Band Bangs the Drum on Climate Change
By Charles Redfern – Huffington Post
Perhaps you heard the internet heave a grunt on August 11, the formal launch date of a new network of evangelical Christians alarmed about escalating temperatures, retreating ice, spreading droughts and rising sea levels.
Modi economic advisor urges India climate talks rethink
By Ed King – RTCC (Responding To Climate Change)
Narendra Modi’s chief economic advisor has urged the prime minister to radically change India’s approach to UN climate talks, according to a report in the Business Standard.
(Australia’s) Abbott government’s ‘political’ climate target fails three key tests
By Tom Arup – The Age
Any doubts that the Abbott government regards climate change as largely a political management exercise should be dispelled with the release of Australia’s new emissions target for 2030.
How climate change is putting your investments at risk
By Rosie Murray-West – The Telegraph
Due to market fluctuations and other variables, financial experts practically always advise their customers to take a long-term view when they are investing their cash.
EMA Annual Meeting
October 28-30, 2015
Omni Parker House Hotel
2015 Rising Seas Summit
Association of Climate Change Officers
November 12-13, 2015, Cambridge, MA
Deutsche Bank Employees Said to Be Charged in Carbon Tax Probe
By Nicholas Comfort – Bloomberg News
Frankfurt prosecutors charged seven current and one former Deutsche Bank AG employee over a scheme to help the lender and clients evade taxes on carbon-emissions trades, according to two people familiar with the case.
Tree loophole casts shadow over EU carbon action
By Barbara Lewis and Nina Chestney – Reuters
European environment law provides more financial incentives to fell a tree than to plant one, campaigners say.
Natural gas / coal
Clean Power Plan ratchets up burdens on coal states
By Jean Chemnick and Emily Holden – E&E
When U.S. EPA released its long-awaited final Clean Power Plan last week, it was immediately clear that states would face vastly different obligations than they had been preparing for under the 2014 draft rule.
Kirbati’s President Tong calls for global moratorium on coal mining
Matangi Tonga Online
Kiribati President Anote Tong today called for a global and immediate moratorium on all new coal mines and coal mine expansions, and has called on all State leaders to back his call to action, in the lead up to the Paris climate talks in December.
Global insurer Aviva warns of ‘grave reputational risks’ of Carmichael mine
By Joshua Robertson – The Guardian
A major global insurer has warned of the “grave reputational risks” of bankrolling Adani’s huge Queensland coal project, as the vulnerable island nation of Kiribati has begun a diplomatic campaign to halt new coal mines worldwide.
Israel Reaches Natural Gas Deal, Paves Way to New Output
By Yaacov Benmeleh and Calev Ben-David – Bloomberg News
Israel and the developers of the country’s natural gas fields reached an agreement on a regulatory framework, coming one step closer to resolving a dispute that’s held up production. Shares of Israeli energy explorers rallied.
RWE’s renewables profit more than doubles in first half of 2015
By Madeleine Cuff – BusinessGreen
German energy group RWE saw its operating profit from renewables soar in the first six months of this year, the firm announced today.
UK renewables smashed power record at the start of this year
By Jessica Shankleman – BusinessGreen
The UK’s renewable energy industry generated a record level of power during the first quarter of this year, according to new government figures.
Theft and Sabotage Belie India’s Buzz Over Solar Power
By Anindya Upadhyay – Bloomberg News
Disappointment spread across Tarun Singh’s face when he saw that parts of his solar power microgrid in eastern India’s Bihar state had been stolen.
GE to Supply Wind Turbines to British Columbia Wind Farm
By Anna Hirtenstein – Bloomberg News
General Electric Co. will supply 61 wind turbines to San Francisco-based Pattern Development for its Meikle wind project in British Columbia, the company said. No terms were disclosed.
Tesla Files to Sell 2.1 Million Shares to Raise $500 Million
By Dana Hull – Bloomberg News
Tesla Motors Inc., the maker of luxury electric cars, filed to offer 2.1 million shares to raise about $500 million to expand the business beyond the addition of a sport utility vehicle next month.
Florida Is 2nd To California In US Tesla Model S Sales
By Cynthia Shahan – CleanTechnica
There is so much difference between Florida and California, and yet there is a common interest in automobiles, and especially one, in particular — the Tesla Model S, an all-electric automobile that is widely considered the best mass-market automobile in the world.
As El Niño grows, drought-stricken California braces for wild winter weather
By Rong-Gong Lin II – Los Angeles Times
For months, scientists have been saying that the El Niño weather pattern this winter could finally put a dent in California’s four-year drought.
California will soon have toughest shower head requirements in nation
By Kurt Chirbas and Taylor Goldenstein – Los Angeles Times
The flow of water from shower heads and bathroom faucets in California will be sharply reduced under strict new limits approved Wednesday by the state Energy Commission.
***LB: Also in this story “Current rules, established in 1994 at the federal level, allow a maximum flow of 2.5 gallons per minute from a shower head. Effective next July, the limit will fall to 2.0 gallons per minute and will be reduced again in July 2018, to 1.8 gallons, giving California the toughest standard of any U.S. state.”
Under the sea: the underwater farms growing basil, strawberries and lettuce
By Rich McEachran – The Guardian
Beneath the blue waters 100m off the coast of Noli in northwest Italy lies a cluster of balloon-like pods pegged to the seabed by ropes half a dozen or so metres long. Inside a range of produce is being grown, including red cabbage, lettuce, beans basil and strawberries.