Today’s edition is almost a special edition on climate, as the UN Climate Summit is under way in New York. Everything is being discussed, from carbon pricing to renewable energy. Though companies (like Google, Apple and Ikea) and governments swear to fight climate change, mere pledges won’t be enough: climate change is the single biggest risk to the economy today, says Henry Paulson.  

Quote of the day

“I am looking at this through the lens of risk – climate change is not only a risk to the environment but it is the single biggest risk that exists to the economy today.”

Henry Paulson, Treasury Secretary during President George W. Bush’s administration, in the Kitco News’ story Climate Change Is Single Biggest Risk To Global Economy – Paulson At CGI2014 

Lead stories 

Governments and corporates back call to price carbon emissions
More than 70 countries and 1,000s of businesses have underlined their commitment to putting a price on carbon dioxide emissions, in a bid to highlight the economic costs of climate change. 
***LB: Also in this story “Seventy-three countries, including China and the UK, plus 22 states, provinces and cities – who combined, are responsible for 54 per cent of global greenhouse gas emissions and 52 per cent of GDP – yesterday signed the World Bank declaration to put a price on carbon.”

Climate Change: Renewable Energy Can Meet Global Demand and Cut Carbon Emissions, Roadmap Shows
Jayalakshmi K, International Business Times
The global roadmap developed by the International Renewable Energy Agency (IRENA) shows that not only can renewable energy meet the rising demand but do so cheaply, helping limit global warming to two degrees during the century.

Climate Change Is Single Biggest Risk To Global Economy – Paulson At CGI2014 
Kitco News
Few were more tightly involved with managing the financial crisis than Henry Paulson, Treasury Secretary during President George W. Bush’s administration. Speaking Monday, he said the stresses that nearly brought down the U.S. financial sector are now playing out in climate.

Google to cut ties with rightwing lobby group over climate change ‘lies’ 
Suzanne Goldenberg,
The internet giant Google has announced it is to sever its ties with an influential rightwing lobbying network, the American Legislative Exchange Council, accusing it of “lying” about climate change.

Climate change called public health threat by medical journal
CBC News  
Climate change poses risks to human health just as pollution and lack of sanitation did a century ago, says a medical journal editorial that details the potential harmful health effects and the benefits of reducing greenhouse gas emissions.

Kerry: ‘Mother Nature is screaming at us’
Laura Barron-Lopez, The Hill
Secretary of State John Kerry said on Monday that Mother Nature “is screaming” at humanity to act on climate change.

John Kerry: Climate change risk must be ranked with terrorism threat
Jessica Shankleman, BusinessGreen
The United States wants to lead the world on tackling climate change and is putting the issue on the “front burner” of all of its diplomatic interventions as it works with China and other emerging economies to slash carbon emissions, Secretary of State John Kerry said today.

New climate deal push will not repeat Copenhagen mistakes – UN envoy 
Fiona Harvey,
Efforts to forge a new global agreement on global warming will not repeat the mistakes that dogged the landmark climate summit in Copenhagen five years ago, Ban Ki-moon’s special envoy on climate change has vowed.

‘International Court on the Environment’ needed for climate justice, lawyers say
Will Nichols, BusinessGreen
A new ‘International Court on the Environment’ should be created to ensure the human rights of people affected by climate change are protected, lawyers have said today.

China Focus: China approves plan to combat climate change
The Chinese central government on Friday approved a plan that maps out major climate change goals to be met by 2020. 
***LB: Also in this story “By the end of last year, China had reduced carbon dioxide emissions per unit of GDP by 28.56 percent from 2005, which was equivalent to saving the world 2.5 billion tonnes of carbon dioxide emissions, Xie said.”

(UK’s) Labour prepares to unveil major national energy efficiency strategy
James Murray, BusinessGreen
Labour will tomorrow announce a wide-ranging package of measures designed to deliver the biggest improvement in domestic energy efficiency in a generation, including a commitment to upgrade five million of the coldest homes and provide interest-free loans for other households that choose to enhance their energy efficiency.

Apple CEO: Fighting climate change is ‘core value’ of company
Laura Barron-Lopez, The Hill
Apple CEO Tim Cook said on Monday that action to help mitigate climate change is a “core value” for the technology giant.

UN climate chief: Leaders should write ‘business plan for the world’
Timothy Cama, The Hill
The head of the United Nations’ climate organization said a global agreement to mitigate climate change can provide the private sector with certainty for investments.

Carbon map – which countries are responsible for climate change?
As heads of state from David Cameron to Barack Obama meet in New York for a UN climate summit hosted by Ban Ki-moon, expectations are high for bold commitments on cutting greenhouse gas emissions. Use this interactive, in-depth map to find out who the big polluters are internationally, how China’s emissions have grown stratospherically and see who is most vulnerable to global warming’s impacts.


EMA’s 18th Annual Meeting 
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts. 
October 22 – 24, 2014
Santa Monica, CA

FT European Gas Summit 
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times. 
23 October 2014 
London, UK 


Australia’s carbon emissions reduction target ‘ambitious’, Julie Bishop tells UN 
Oliver Milman,
Julie Bishop has told a UN summit that Australia has an “ambitious” carbon emissions reduction target but did not address the crucial question of what the country’s goal of dealing with climate change beyond 2020 will be.

California Leading on Emissions as Brown Signs New Laws
Michael B. Marois and Alison Vekshin, Bloomberg News  
California Governor Jerry Brown has a moonshot goal for the world’s eighth-largest economy as he seeks to lead the global fight against climate change: 1.5 million zero-emission cars on state roads in the next decade.

Leaders From Business, Government, And Indigenous Communities Aim To Keep Forests Central At Climate Summit
Ecosystem Marketplace
Year-end climate talks don’t enter the home stretch until December in Peru, but United Nations Secretary General Ban Ki Moon is hosting an unofficial Climate Summit on Tuesday in New York as part of a “Climate Week” designed to jump-start official talks.

UK government teams up with big business for £144m deforestation crackdown
James Murray, BusinessGreen
The UK government has this week announced arguably its biggest commitment to date in the battle to tackle global deforestation, pledging to provide £144m of funding to support two major new initiatives.

Hinkley nuclear reactor project gains EU approval, leak reveals 
Arthur Neslen, The Guardian
British plans for a nuclear renaissance centred on a nuclear reactor in Somerset achieved a breakthrough when a nine-month European Union state aid investigation ended with a call for Brussels to approve the project. 

Natural gas / coal

Siemens set to exploit US shale boom following pair of deals
Chris Bryant and Ed Hammond, Financial Times
Siemens is poised to increase its presence in the US oil and gas industry and end its involvement in consumer goods via a pair of multibillion-euro transactions that its new chief executive hopes will drive a turnaround in profitability.

Mines at risk of bankruptcy, coal mogul says 
Tim Loh, Bloomberg News
The owner of the largest closely held U.S. coal producer said yesterday that more of his competitors are likely to go bankrupt because there’s “nothing on the horizon” to suggest that demand and prices will recover.


IKEA to sell solar panels in eight more European countries
Will Nichols, BusinessGreen
IKEA is set to expand its sales of solar panels from the UK to eight other countries, including the Netherlands and Switzerland. 
***LB: Also in this story “The announcement came as the Swedish retail giant also unveiled a major new environmental commitment to ensure all the plastic in its home furnishing products – which range from washing up brushes to garden chairs – is 100 per cent recycled or made from renewable material such as wood waste by 2020.”

Scottish wave and tidal power delivers £217m investment surge
Will Nichols, BusinessGreen
Scotland’s wave and tidal energy sector has invested £217m into the country’s economy, with almost £32m coming in the past 12 months, according to a new study by trade body Scottish Renewables.

Nepal launches hydropower growth plan with $1.4bn deal 
Victor Mallet, Financial Times  
Investment Board Nepal signed the agreement with Indian infrastructure group GMR for the 900-megawatt dam and tunnel system, which is expected to be the first of at least four such big projects exporting electricity to India as well as helping to end local power shortages.

Clean tech

Santander Tops Green Bank List as Europe’s Lenders Surge
Christopher Martin, Bloomberg News  
As global investments in clean energy sank 11 percent to $245 billion last year, banks found a new opportunity: funding, advising and leading the initial public offerings of renewable-power investment firms called yield companies. 


Change of Seasons Brings Changes to Globe’s Ice Caps
Brian K. Sullivan, Bloomberg News
As the calendar marks a change of seasons, meteorologists are watching changes in the ice caps at the globe’s poles.


For Your Consideration, Climate Summit: China’s Pollution in Pictures 
Katie Sola, Mashable 
As the UN Climate Summit begins, one photographer has offered a quiet, intimate look at environmental devastation in China — the world’s biggest carbon emitter.

NextGen brings $3.5K from outside donors in August
Timothy Cama, The HIll 
Environmental super-PAC NextGen Climate raised only $3,550 last month from donors other than founder Tom Steyer, it reported.

Al Gore wants to engage Millennials on climate change
Jon Swartz, USA TODAY
Al Gore is synonymous with global climate change — and has been richly rewarded for his efforts. A Nobel Peace Prize. Grammy. Emmy. Subject of the Academy Award-winning documentary An Inconvenient Truth. 

DOT unveils $3.6B to make transit systems climate resilient
Laura Barron-Lopez, The Hill
The Department of Transportation (DOT) announced $3.6 billion in disaster relief funding for communities affected by Hurricane Sandy to help build public transit systems that are resilient to the impacts of climate change.

Young Pacific islanders are not climate change victims – they’re fighting 
Nic Maclellan,
On Tuesday, a young woman from the Marshall Islands will stand before the leaders of the world.

Warming Temperatures Threaten Fragile Balance in Canadian Arctic
Michael Becker, The New York Times
It’s August, and there’s snow on the ground. The six-week summer has already passed; our 24-hour daylight will drop to 16 in just a month’s time. Small, brittle leaves crunch underfoot as I walk across tundra that’s already beginning to freeze for the long winter ahead.

The Wall Street Journal downplays global warming risks once again 
John Abraham and Dana Nuccitelli (Blog),  
As has become the norm for media outlets owned by Rupert Murdoch, just before a half million people participated in the People’s Climate March around the world, The Wall Street Journal published an opinion piece downplaying the risks and threats posed by human-caused global warming.

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