Summary

In today’s edition, time is running out in Lima and no deal has been ironed out yet, because of old divisions between industrialized and emerging countries. Also, in the Carbon section, China’s Guangdong will use revenue from its carbon permit auctions to set up a $97 mln fund to invest in emission reduction projects and develop the province’s CO2 trading market.

Quote of the day

“If we don’t lead, future generations will not forgive us. They will want to know how we together could possibly have been so blind, so ideological, so dysfunctional and, frankly, so stubborn.”

U.S. Secretary of State John Kerry, in the AP’s story Kerry to climate talks: No excuses, get to work

Lead stories

Lima Summit: Tensions mount as negotiators make slow progress
By James Murray – BusinessGreen
The Lima Summit looks set to revert to type, as officials yesterday warned the negotiations are making extremely slow progress and are likely to over-run as nations attempt to overcome a series of long-standing divisions over the content of the negotiating text. 
http://jlne.ws/1zHbryS

Lima climate talks agree on just one paragraph of deal with 24 hours left
By Suzanne Goldenberg – The Guardian
Negotiators working on a deal to fight climate change have agreed on just a single paragraph of text, casting a shadow over the prospects for a strong outcome in Lima. 
http://jlne.ws/1uv6tyO 
***LB: Also in this story “By Thursday morning the text, which had started at a reasonable six pages, had ballooned to about 50, with negotiators throwing in their objections to almost every single clause. Just one section, paragraph 34, on countries intensifying engagement in the years up to 2020, has been agreed by negotiators.”

Lima endgame: Old divisions surface as climate talks drag on
By Megan Darby – RTCC (Responding to Climate Change)
It was late Thursday when some important news trickled through. No decision had been taken on decision making at the UN climate talks. 
http://jlne.ws/1BDqvzv

Kerry to climate talks: No excuses, get to work
By Karl Ritter and Matthew Lee – AP
Secretary of State John Kerry tried to spur slow-moving U.N. climate talks Thursday, telling nations to stop bickering over who is to blame for global warming and to shun the cheap route of high-polluting coal to grow their economies. 
http://jlne.ws/1zfmRbO

France climate chief admits Lima talks may not deliver clear result 
By Ed King – RTCC (Responding to climate change)
Since arriving in Lima this week foreign minister Laurent Fabius and ambassador to the climate negotiations Laurence Tubiana have been engaged in a hectic round of meetings with countries they deem to key to a global agreement. 
http://jlne.ws/1zHoWhN

As Lima climate talks stutter, business remains positive 
By Ed King – RTCC (Responding to Climate Change)
While delegates inside negotiating rooms at the UN climate talks in Lima crawl towards a conclusion, many business and civil society leaders attending the meet say they feel cautiously optimistic.
http://jlne.ws/1BDvosw

Kerry feels heat on Keystone oil pipeline at U.N. climate talks
By Valerie Volcovici – Reuters  
U.S. Secretary of State John Kerry on Thursday urged countries at U.N. climate talks in Lima to move away from using fossil fuels while demonstrators gathered outside the meeting urged him to reject the Keystone oil pipeline. 
http://jlne.ws/1z0uP9X

Canada Will Miss Reduced Greenhouse Gas Emissions Commitment 
By Esther Tanquintic-Misa – International Business Times
A report released by Environment Canada has announced the glaring truth that the country will not be able to fulfill its reduced greenhouse gas emissions commitment by 2020.
http://jlne.ws/1AqPt11

Abbott’s attempt to buy relevance at climate change talks in Lima
By Christine Milne – ABC 
Tony Abbott has tried to buy his way into relevance at the international climate change conference in Lima. But it may not work. 
http://jlne.ws/1vIXYR5

Environment Secretary Liz Truss to persuade EU Commission to retain circular economy package
By Will Nichols – BusinessGreen
EU plans to scrap recycling and clean air regulations that are predicted to create 280,000 new jobs and save billions of pounds by 2030 have come under fire from a host of organisations from across the green economy. 
http://jlne.ws/1uw6qUm

Will New Technologies Give Critical Boost to Solar Power?
By Cheryl Katz – environment 360
Today, despite recent progress, solar power accounts for about one percent of the world’s energy mix.
http://jlne.ws/1uw9I9Z

Events

U.S. Solar Market Insight Conference
The U.S. Solar Market Insight Conference presents data, analysis and expert forecasting on the state of the solar market in the U.S.
Dec. 8 – 10, 2014
San Diego, CA
jlne.ws/1tvNBEM

The Importance and Impact of Including Fuels and Natural Gas in California’s Cap-and-Trade Program
Climate Action Reserve
December 11, 2014 – 10:00am – 11:00am PST
Type of Event: Webinar
jlne.ws/11QVoSh

Defense, National Security & Climate Change Symposium
ACCO
January 7-8, 2015
Marriott Wardman Park Hotel, Washington DC
jlne.ws/11QVx8i

2015 Climate Leadership Conference
ACCO, EPA, The Climate Registry, C2ES
February 23-25, 2015
Ritz-Carlton Pentagon City (Arlington, VA)
jlne.ws/AAf4bu

Carbon

China’s Guangdong to set up $97 mln carbon fund -paper
Reuters
China’s Guangdong will use revenue from its carbon permit auctions to set up a 600 million yuan ($97 mln) fund to invest in emission reduction projects and develop the province’s CO2 trading market, a local official told the Southern Daily newspaper. 
http://jlne.ws/16eU7GB

Cutting carbon a good business opportunity, private sector told
By Gerard Wynn – Thomson Reuters Foundation
Whatever the global climate agreement reached next year in Paris looks like, the private sector will need to dramatically step up efforts to cut global carbon emissions, negotiators and analysts said at U.N. climate talks in Lima Thursday. 
http://jlne.ws/1wiY32T

Analysis: EU carbon market reforms heading for an early start
By Susanna Twidale – Reuters  
Reforms to reduce a glut of emissions in Europe’s carbon market look increasingly likely to kick off in 2017, four years earlier than initially proposed, as support grows among lawmakers for an early start. 
http://jlne.ws/1zflsSA

Indonesia Vows: We Will Be Ready For Results-Based REDD Payments By End Of 2016
By Steve Zwick – Ecosystem Marketplace
After announcing his country’s reference levels for forests and deforestation earlier this week, Heru Prasetyo, head of Indonesia’s REDD+ Agency, BP REDD+ (Badan Pengelola REDD+), said their system is advanced enough to begin measuring performance for results-based REDD+ payments by the end of 2016. 
http://jlne.ws/1vIZmD5

Natural gas / coal

Lima climate talks: ‘Do the maths’ on coal and oil, says John Kerry
By Marcus Priest – The Sydney Morning Herald
US Secretary of State John Kerry has attempted to break a deadlock at the Lima climate change talks by urging countries to avoid being “bogged down in abstract debates”. 
http://jlne.ws/1qEsyQ1 
***LB: also in this story “”Coal and oil may be cheap ways to power the economy today in the near time. I urge you to do the real, actual far-reaching costs that come along with what some people think is the cheap alternative. For everyone who thinks they can’t do the transition and invest in renewable energy do the real maths.”” 

Power

Polish power companies see Eur15/mt EU ETS carbon price ‘manageable’
Platts
Polish electricity generators could manage if the EU carbon price rises to Eur15/mt, but are wary of any plans to push it higher, the president of Polish electricity association PKEE Marek Woszczyk said.
http://jlne.ws/1wI7B9u

Wind farms and other renewables avoided 38 million tonnes of CO2 in 2013
By Jessica Shankleman – BusinessGreen
The UK’s renewable power produced by wind farms, solar panels, biomass plants and other green technologies prevented the release of nearly 38 million tonnes of carbon dioxide emissions last year, an additional 10 million tonne saving from 2012. 
http://jlne.ws/13ghZsa

More businesses than ever turning food and farm waste into energy
By Jessica Shankleman – BusinessGreen
The number of UK anaerobic digestion (AD) plants turning old food scraps and farm waste into energy has grown 34 per cent this year, with 2.55 million tonnes of organic material now being processed each year. 
http://jlne.ws/1GjFzCc

National Grid prepares STOR Runway for take-off in move to boost demand response market
By James Murray – BusinessGreen
The UK’s fledgling demand response market is to receive a boost today with the launch of a new National Grid initiative designed to encourage more firms to offer schemes whereby businesses curb energy use during periods of peak demand. 
http://jlne.ws/1sj7vUa

Clean tech

West Coast States Rule Electric Vehicle Adoption in U.S. 
By Bobby Magill – Climate Central
When it comes to states where people buy environmentally friendly vehicles, there’s the West Coast and Hawaii, and then there’s everybody else. 
http://jlne.ws/1wn1OTx

Upstart manufacturer turns fiber waste into building materials
By Heather Clancy, GreenBiz.com 
Looking for a non-structural building material that is as versatile as wood composite, aluminum or fiberboard but far less toxic? That’s the promise behind ECOR, a product made from recycled cardboard, wood scraps, even agricultural byproducts such as coffee grounds and corn-stalk fiber. 
http://jlne.ws/12Clokc

Water

China’s water diversion project starts to flow to Beijing 
By Jonathan Kaiman – The Guardian  
On Friday afternoon, China quietly inaugurated one of the biggest engineering projects of all time: the South-North Water Diversion, a £48bn, 2,400km network of canals and tunnels, designed to divert 44.8bn cubic metres of water annually from China’s humid south to its parched, industrialised north.  
http://jlne.ws/1yImEjN

Dried Out Amazon Could Speed Up Climate Change 
By Jenna Iacurci – Nature World News
A new NASA-funded study has found that a dried out Amazon, which has experienced a decline in rainfall over the last decade, could speed up global climate change due to the subsequent drop in vegetation. 
http://jlne.ws/1BoYSHB

Scientists Think ‘Virtual Water’ Was Responsible for the Fall of the Roman Empire 
Circle of Blue
Over-reliance on traded grain and ‘virtual water’ is apparently what led to the rise and demise of the Roman Empire. 
http://jlne.ws/1AqA1Ci

Miscellaneous

Chefs promote sustainable cooking at COP20
By Paula Dupraz-Dobias – Peruvian Times
As negotiations at the United Nations climate change summit run into their last stretch after nearly two weeks of deliberations, top world leaders took a brief pit stop to savor food prepared sustainably, by two of the country’s top chefs.
http://jlne.ws/1BDt7gP

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