In today’s edition, the EU climate Commissioner advocates for a single energy market. Also, we offer different takes on what BP said in the company’s latest annual Energy Outlook 2035, namely on emissions and carbon prices. And finally, we take, with a news story, a new tack on tackling the climate crisis: can big data save our planet?
Quote of the day
“We must create a single EU market for renewable energy that is fully integrated with, and competes freely in, the overall electricity market. A renewable energy market that rewards innovation and promotes efficiency.”
EU Energy and Climate Commissioner Miguel Arias Cañete, in the BusinessGreen’s story Climate Commissioner: EU needs a single renewable energy market
Catholics across globe to hold 40-day fast for the climate
By Sophie Yeo – RTCC (Responding to Climate Change)
Catholics across the world will take part in a 40-day fast during Lent to raise awareness of climate change.
Climate Commissioner: EU needs a single renewable energy market
By Jessica Shankleman – BusinessGreen
The European Union will unveil a new package of measures designed to boost the use of renewable energy across the region, Energy and Climate Commissioner Miguel Arias Cañete has confirmed.
Could these 5 big data projects stop climate change?
By Shalene Gupta- Fortune
Something’s up with the environment. Sea levels have risen nearly seven inches in the past 100 years, and Arctic ice sheets are shrinking at about 13% a decade, according to NASA.
BP stresses need for price on carbon
By Laura Barron-Lopez – The Hill
BP CEO Bob Dudley drew attention to the need to shift toward incorporating more climate change policies into the global energy outlook on Tuesday.
BP predicts emissions rise of 25 per cent by 2035
By Jessica Shankleman – BusinessGreen
BP’s chief executive has urged governments to set a global price on carbon, as the company predicted that, without drastic action, greenhouse gas emissions will rise 25 per cent by 2035.
U.S. EPA chief hints at softening carbon rule interim timeline
By Valerie Volcovici – Reuters
The Environmental Protection Agency said on Tuesday that it may ease an interim deadline for states to meet tougher carbon emission standards after regulators and electric utilities complained a lack of time may destabilize electricity supplies.
Anti-petroleum’ movement a growing security threat to Canada, RCMP say
By Shawn McCarthy – The Globe and Mail
The RCMP has labelled the “anti-petroleum” movement as a growing and violent threat to Canada’s security, raising fears among environmentalists that they face increased surveillance, and possibly worse, under the Harper government’s new terrorism legislation.
Feds offer $8M for American Indian climate adaptation
By Timothy Cama – The Hill
The Interior Department is making $8 million available for American Indian and Alaska Native communities to adapt to and plan for the expected effects of climate change.
Climate change in real time: Incredible animations reveal changing ocean acidity
By Richard Gray – Mail Online
For the first time, scientists have been able to obtain a global picture of how rising carbon dioxide levels in the atmosphere are affecting the oceans.
2015 Climate Leadership Conference
ACCO, EPA, The Climate Registry, C2ES
February 23-25, 2015
Ritz-Carlton Pentagon City (Arlington, VA)
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
Colombia proposes world’s largest eco-corridor with Brazil, Venezuela
Colombia has proposed to collaborate with Brazil and Venezuela in creating the world’s largest ecological corridor, to mitigate the effects of climate change and preserve biodiversity, President Juan Manuel Santos announced.
Ohio court strikes down local fracking bans
By Timothy Cama -The Hill
Towns and cities in Ohio cannot regulate hydraulic fracturing on their own, the state’s Supreme Court ruled Tuesday.
The White House Walks Away from Clean Coal
By Jim Snyder, Mark Drajem and Matthew Philips – Bloomberg News
On the banks of the Illinois River, about 60 miles west of the state capital in Springfield, an old coal-fired power plant sits waiting for its future to arrive.
India coal output closer to ending years of disappointment
By Clyde Russell – Reuters
One of the most common assumptions among coal watchers is that India’s rising demand will translate into increasing imports, thus providing one of the few bright spots for a beleaguered industry.
Report: California adds nearly 7,500 solar jobs to its nation-leading total
By Mark Glover – The Sacramento Bee
California’s solar industry added nearly 7,500 jobs in 2014, boosting its nation-leading total to 54,690, according to a new report by the Washington, D.C.-based Solar Foundation.
Alevo announces America’s ‘largest ever’ energy storage system
By James Murray – BusinessGreen
Energy storage specialist Alevo Group has announced plans to deliver the largest US energy storage deployment to date, after signing a deal to provide 200MW of capacity.
Will New Obstacles Dim Hawaii’s Solar Power Surge?
By Erica Gies – environment 360
Honolulu’s roofscape is being repainted in blue-black. From the flattop warehouses of Sand Island to the city’s residential neighborhoods, shiny rectangles spreading across roofing tiles are collecting the tropical sun and powering houses.
Hanergy’s debt deals
China’s richest man has been loading up on high interest shadow banking loans — and selling off a private jet — to fuel the rapid growth of the most valuable solar company in the world.
***LB: Also in this story “A Financial Times investigation has found that Hanergy Group, run by founder Li Hejun, has borrowed billions of renminbi through high-interest Chinese “trust products” marketed to wealthy individuals, and taken out loans secured through pledging shares in its Hong Kong-listed subsidiary.”
Orix, Kyudenko Begin Building 23MW Solar Power Station in Japan
By Chisaki Watanabe – Bloomberg
Orix Corp. and Kyudenko Corp. started building a 23-megawatt solar power station in western Japan. The plant in Nara prefecture will begin operations in February, 2017, the two companies said in a statement today.
UK approves world’s biggest offshore wind farm
By Pilita Clark – Financial Times
The world’s biggest offshore wind scheme has been given the go-ahead off the coast of Yorkshire, in a move the government said was likely to create hundreds of jobs.
What’s It Like To Live Without Electricity? Ask An Indian Villager
By Julie McCarthy – NPR News (Audio)
Imagine living in a world with little or no light when the sun set. That’s the plight of an estimated 300 million Indians — a quarter of the population, mostly the rural poor.
Mainstream Renewable Power launches Lekela Power $1.9bn African development vehicle
By James Murray – BusinessGreen
Mainstream Renewable Power has stepped up its interest in the fast-expanding African clean energy market, with the launch of a $1.9bn joint venture designed to accelerate renewables project development across the continent.
Conservatives, green groups team up to support Tesla
By Julian Hattem – The Hill
Unlikely allies are rallying together to urge states against rules that would limit the way electric carmaker Tesla sells its vehicles.
Sao Paulo Water Crisis May Require Residents to Leave
Circle of Blue
Brazil’s largest city is in dire condition as water supplies drop, so much so that some officials say residents may be warned to leave.
Great Barrier Reef polluters face tougher action under Queensland’s new government
By Oliver Milman – The Guardian
The Queensland government may adopt tough new regulations to tackle the amount of pollution flowing onto the Great Barrier Reef, with the state’s first ever reef minister vowing to strengthen protections to avoid the ecosystem being listed as “in danger” by the UN.
Fossil fuel industry protests over ‘risky’ assets warning from energy secretary
By Damian Carrington – The Guardian
The fossil fuel industry was deeply “unsettled” by comments from energy secretary Ed Davey raising the prospect that their assets could be rendered worthless by global action on climate change, according to a letter of protest sent to the secretary of state.
Seeing Value After a Plunge, Hedge Funds Bet on Energy Stocks
By William Alden and Matthew Goldstein – The New York Times
A few hedge fund managers have been tiptoeing back into the beaten-down energy sector.