Today’s edition focuses on dealing with climate change impacts. Spending could reach $200bn to make economies resilient to climate change. Some, of course, have already started: Ikea earmarked 1 billion euros to be spent on renewable energy and other measures to tackle climate change. A move that dwarfs what some countries are doing to address fossil fuel pollution. Indeed, the pressure is on to act even before the UN climate summit next December.
Quote of the day
“If every business and organisation did what we did, we would flip electricity generation into being renewable-based by 2020 or shortly thereafter.”
Steve Howard, Ikea’s chief sustainability officer, in the Financial Times’ story Ikea vows to spend 1bn euros on climate change measures
UN climate effort under pressure for pre-pact action
By Céline Serrat – AFP
As frustration grows with the protracted political process of penning a world climate pact for 2020, rich nations face ever-louder calls to take action in the coming five years to stop planet warming spiralling out of control.
Could climate resilience market top $200bn?
The world may soon be spending $200bn each year to combat losses from climate impacts, driving huge opportunities for a wide range of businesses.
***LB: Also in this story “That is the conclusion of a new report by Mott MacDonald and Anglia Ruskin University’s Global Sustainability Institute (GSI), which calculates annual losses from climate impacts could rise from around $100bn today to hit $1 trillion in 20 years’ time.”
California lawmakers advance aggressive climate change plans
By Judy Lin – Washington Post
California lawmakers on Wednesday pushed through an ambitious climate change package to further reduce the state’s carbon footprint and boost the use of renewable energy to 50 percent in 15 years.
UN weighs up climate threat in new development goals
By Alex Pashley – RTCC (Responding to Climate Change)
The UN released a rough text of revamped international development goals on Wednesday, inserting tracts on energy and climate for the first time.
Ikea vows to spend 1bn euros on climate change measures
By Pilita Clark – Financial Times
Ikea, the Swedish home furnishing group, has vowed to spend 1bn euros on renewable energy and other measures to tackle climate change in a move that dwarfs what some countries are doing to address fossil fuel pollution.
***LB: Also in this story “The family-controlled company says it will spend 500m euros on wind power and about 100m euros on solar energy over the next five years.”
Adapting to climate change is going to be a lot messier than we think
By Brad Plumer – Vox
If you wanted to tell an optimistic story about how we’ll handle global warming, it would go like this. Yes, the world will get hotter. Yes, we’ll see an increase in sea levels and severe weather. But humans will find ways to adapt or get out of the way.
Climate Strategies Forum
Washington Marriott Hotel at Metro Center
June 24-26, 2015
EMA Annual Meeting
October 28-30, 2015
Omni Parker House Hotel
China’s national carbon market: When, where and how?
By Ed King – RTCC (Responding to Climate change)
Traders are banking on Beijing’s plans for a national carbon market being a success, but challenges in its design remain.
Oil majors’ climate call exposes U.S.-Europe rift on carbon pricing
The failed attempt by the world’s oil majors to speak on climate change action with one voice has laid bare disagreement between U.S. and European companies on putting a price on carbon.
Marshall Islands, the Flag for Many Ships, Seeks to Rein In Emissions
Huge fines loom for environmental offenders (UK)
By Jane Croft – Financial Times
Large companies should expect to face multimillion pound fines akin to those imposed in the financial services sector if they consistently break environmental laws, the Court of Appeal has said.
Glencore attacks anti-coal lobby
By Jamie Smyth – Financial Times
Glencore has criticised world leaders for neglecting investment in “clean coal” technologies and adopting “populist policies” that ignore the world’s reliance on the fuel.
Coal miners union to sue over Obama power plant rules
By Devin Henry – The Hill
The head of the United Mine Workers of America (UMWA) said his union will sue the Environmental Protection Agency (EPA) over two rules designed to cut greenhouse gas emissions at power plants once the Obama administration finalizes them.
Triodos Renewables boosts green electricty production 19 per cent
Triodos Renewables has grown its green energy production by almost a fifth over the past year, the company has revealed.
***LB: Also in this story “With successful construction of three wind farms already this year, Triodos Renewables now operates 15 projects and controls sufficient generating capacity to power more than 41,000 homes.”
Lower-Cost LEDs Offer Some Competition to Compact Fluorescent Lights
By Diane Cardwell – The New York Times
For years, lighting manufacturers have labored to make LED lights mimic the warm feel of incandescent bulbs.
Solar plane, parked in Japan, suffers further setback as wind clips its wing
A solar-powered plane forced to land in Japan will be stuck on the ground for at least a week after wind gusts damaged its wing.
***LB: Also in this story “Solar Impulse 2 had been headed from China to Hawaii when its team decided to divert to Nagoya, Japan, because of bad weather ahead.”
Islamic State Lowers Water Levels in Euphrates Downstream of Dam
Circle of blue
Militant action in Iraq threatens the country’s southern provinces with drought.
The Cultural and Geopolitical Impacts of Climate Change
By Lynnley Browning – Newsweek
It used to be all about polar bears and trees, but these days climate scientists are paying more attention to people.
Minister blames India’s heatwave on climate change, as death toll reaches 2,500
A heatwave which has claimed the lives of up to 2,500 people in India, and the subsequent delayed monsoon rains, are the results of climate change, the country’s Minister for Earth Sciences has said.