In today’s edition, a quest for more innovative financing to address climate change, a decision on the EU carbon market: the reforms will take effect in 2019, according to sources, and some opinions, to shape yours: on Europe and Gazprom (in the Natural Gas /coal section) and on BP and Tesla (in the Clean tech section). Finally, the G20 countries are to officially investigate the financial risks posed by the so-called ‘carbon bubble’ to fossil fuel companies and investors. 

Quote of the day

“The impacts of climate change will be felt in the long-term even if countries put a cap on carbon emissions. There is an urgency to deliver funding, technologies and knowledge required to enable countries adapt to this phenomenon.” 

UNEP Deputy Executive Director, Ibrahim Thiaw, in the Xinhua’s story UNEP urges innovative partnerships to boost climate financing

Lead stories

UNEP urges innovative partnerships to boost climate financing
United Nations Environment Program (UNEP) on Monday called for governments to forge strategic linkages with multilateral agencies and private corporations in order to boost climate financing. 

EU nations agree carbon market reforms should start in 2019: sources 
By Barbara Lewis and Susanna Twidale – Reuters  
European Union member states reached a provisional agreement that carbon market reforms should begin on Jan. 1, 2019, at closed-door talks on Wednesday, paving the way for a further round of negotiations next month, diplomats said.

EU votes to scale back on biofuels linked to deforestation
By Jeremy Hance  –
The European Parliament voted overwhelmingly today on a new cap on biofuels derived from edible crops, which critics say not only compete with feeding a growing global population but also contribute to deforestation and release unacceptably high levels of greenhouse gas emissions.

G20 to probe ‘carbon bubble’ risks 
The G20 countries are to officially investigate the financial risks posed by the so-called ‘carbon bubble’ to fossil fuel companies and investors.

McConnell suggests Obama plan to cut power emissions won’t stick 
By Timothy Gardner – Reuters 
The U.S. Senate majority leader on Wednesday urged countries to go slowly on committing to cut carbon emissions in any global agreement later this year, in his latest effort to cripple President Barack Obama’s clean power plan. 

California’s New Greenhouse Gas Emissions Target Puts Obama’s To Shame 
By Rebecca LeberOn Wednesday, California Governor Jerry Brown announced a plan to cut the state’s greenhouse gas emissions 40 percent by 2030; according to his office, it is “the most aggressive benchmark enacted by any government in North America to reduce dangerous carbon emissions.”


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


South Africa Needs Choice Before Carbon Tax, City Official Says
By Rene Vollgraaff and Tshepiso Mokhema – Bloomberg 
South Africa isn’t ready for the start of a carbon tax because there are insufficient alternatives to fossil-fuel energy, according to an official at the City of Tshwane, an area that includes the capital, Pretoria.

Natural gas / coal

Brussels blames Gazprom for its own failings
By Pierre Noel – Financial Times (Opinion)
It is hard to think of an antitrust case as geopolitically charged as the one announced in Brussels last week against Gazprom.

Beijing plans curbs on shale gas subsidies
By Lucy Hornby – Financial Times  
China has announced it will step down shale gas subsidies over the next five years, in a further blow to the nation’s plans to match the US “shale revolution”.


EU launches electricity supplier probe
By Christian Oliver – Financial Times 
The EU has launched an inquiry to determine whether 11 member states are paying illegal subsidies to electricity suppliers by granting them support to prevent blackouts.

Clean tech

BP Should Buy Tesla and Its Batteries 
By Mark Gilbert – Bloomberg View (Opinion) 
Executives at BP, which has a market value of about $130 billion and a family tree dating back to an oil discovery in Persia at the start of the 20th century, are worried. 

Here’s everything we know about Tesla’s big April 30 announcement
By Matthew Debord – Business Insider 
Last month, CEO Elon Musk tweeted that Tesla would unveil a new product — not a car — on April 30, at the company’s facility in Hawthorne, California.

Why Moore’s Law Doesn’t Apply to Clean Energy Technologies
By Varun Sivaram – Greentech media
Earlier this month, Moore’s law — the prediction that the number of transistors on an integrated circuit would double every two years — turned 50 years old.  


California to Curtail Habitat Restoration to Build Water Tunnels
By Michael B. Marois – Bloomberg News
California Governor Jerry Brown will scale back plans for habitat restoration in an ecologically sensitive delta to construct two $15 billion water tunnels to help the state withstand droughts like the one now gripping the region.

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