In today’s edition, a showdown between President Obama, who will most likely veto the bill in favor of the Keystone pipeline passed by the House. Also, a new platform for carbon, announced by European Environmental Markets and a prediction (in the CleanTech section) from Tesla’s CEO Elon Musk: the company’s market value could rival Apple by 2025.
Quote of the day
“We are going to unveil the Tesla home battery, the consumer battery that would be for use in people’s houses or businesses fairly soon.”
Chief Executive Officer Elon Musk, during an earnings conference call with analysts Wednesday, in the Bloomberg’s story Tesla Plans Battery for Household Energy-Storage Market (in the CleanTech section)
House Passes Keystone Bill Despite Obama’s Opposition
By Coral Davenport – The New York Times
The House on Wednesday passed a bill approving construction of the Keystone XL oil pipeline, setting up a confrontation with President Obama, who has vowed to veto the measure.
New GOP Senate begins assault on Obama’s climate rules
By Laura Barron-Lopez – The Hill
The new Republican-controlled Senate kicked off its first of likely many hearings on President Obama’s signature climate rules aimed at cutting carbon pollution on Wednesday.
European Environmental Markets looks to shake up EU carbon trade
The carbon market has a new exchange, after European Environmental Markets plc (EEM) yesterday announced the official launch of its new platform.
The Core Issues in the Paris Climate Talks
By Elliot Diringer – C2ES (Center for Climate and Energy Solutions)
The final year of U.N. talks aimed at producing a new global climate agreement kicked off this week in Geneva. As negotiators wrestle with the working draft of the new agreement, it’s clear that all the core issues remain very much in play.
Vast draft text won’t derail Paris talks, says UN climate chief
By Ed King – RTCC (Responding to Climate Change)
After two days of talks in Geneva, what was a 38-page document outlining the fundamentals for a global climate change pact – due to be signed off later this year – may have doubled or tripled.
IPCC could conduct annual climate review, says Pachauri
By Ed King – RTCC
The UN’s top climate science body should assess countries’ progress in slashing global greenhouse gas emissions every year.
6 Rules for Happy Climate Partnerships
By Amy Morsch – C2ES (Center for Climate and Energy Solutions)
One city, company, state or nation can’t solve our climate and energy challenges overnight. Meaningful progress requires a variety of approaches by multiple actors, and that’s why partnerships are critical.
Is Spain seeking to revive its renewables industry?
By James Murray – BusinessGreen
The Spanish government is reportedly planning to kick-start the country’s renewable energy sector, after controversial retroactive changes to the country’s subsidy regime led to a drastic slowdown in investment.
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
Stand For Trees: Forest Carbon For The Masses?
By Steve Zwick – Ecosystem Marketplace
Forest carbon has always been a touchy-feely way to reduce your carbon footprint – after all, by purchasing a REDD offset, you’re doing more than just fulfilling the requirement of the acronym and “Reducing Emissions from Deforestation and forest Degradation.”
Burlington, Vermont Becomes First U.S. City to Run On 100% Renewable Electricity
By Anastasia Pantsios – Eco Watch
Burlington, Vermont is that state’s largest city, with a population of 42,000 people.
DOE proposes stricter efficiency standards for gas furnaces
By Timothy Cama – The Hill
The Department of Energy (DOE) wants to update efficiency standards for residential natural gas-powered furnace for the first time in more than 20 years.
Indian court halts auction of two coal mines previously held by Jindal Steel
An Indian court on Wednesday asked the government to halt the auction of two coal mines attached to a Jindal Steel and Power Ltd steel plant, a move that could prompt more companies to go to court and potentially derail plans to auction more than a hundred coal blocks before March 31.
Apple inks $850m deal for First Solar project
Apple is investing $848m in a 130MW solar farm in California in partnership with First Solar.
Alstom bags £45m deal to build geothermal plant in Java
By Jessica Shankleman – BusinessGreen
French company Alstom has won a 61m euro (£45m) contract to build a 30MW geothermal energy plant in Indonesia, which could pave the way for more companies to exploit the country’s vast renewable energy resource.
***LB: Also in this story “Indonesia is located on the “ring of fire” volcano belt and, according to the International Energy Agency, holds around 40 per cent of the world’s viable geothermal reserves, equivalent to about 27GW.”
Tesla Plans Battery for Household Energy-Storage Market
By Dana HullMark Chediak – Bloomberg
Tesla Motors Inc., best known for making the all-electric Model S sedan, is using its lithium-ion battery technology to position itself as a frontrunner in the emerging energy-storage market that supplements and may ultimately threaten the traditional electric grid.
Tesla CEO Musk says market value could rival Apple by 2025
By Paul Lienert – Reuters
Tesla Motors Inc missed fourth-quarter sales targets and analysts’ profit expectations, but Chief Executive Officer Elon Musk on Wednesday said by 2025 Tesla’s growth trajectory could take its market value to $700 billion, matching that of Apple Inc.
Lawsuit over ocean acidification in Oregon, Washington gets a hearing in Seattle
By Susannah L. Bodman – The Oregonian
A lawsuit against the federal Environmental Protection Agency over the impacts of ocean acidification on Oregon and Washington’s oysters and other sea life will get a hearing Thursday (Feb. 12) in Seattle.
Brazil drought: water rationing alone won’t save Sao Paulo
By Marussia Whately and Rebeca Lerer – The Guardian
It should be the rainy season. Instead Sao Paulo state is experiencing a third consecutive year with soaring temperatures and rainfall patterns well below historic records.
Salaried employees more likely to embrace green measures
People employed on an hourly wage are less likely to engage in environmental measures at work, such as reusing materials or recycling, new research from the Canada has shown.
Green Deal passes 10,000 plan milestone
By James Murray – BusinessGreen
Over 10,000 UK households have either completed energy efficiency upgrades under the Green Deal financing scheme or are in the process of doing so, according to new figures from the government-backed Green Deal Finance Company (GDFC).
Is climate change fuelling war?
By Richard Ingham – AFP
For years, scientists and security analysts have warned that global warming looms as a potential source of war and unrest.