In this edition, two articles, from Bloomberg and The New York Times, covering environmental data company CDP’s finding that at least 29 major companies, including some that have spent to waylay climate policy, are incorporating a price on carbon into long-term financial plans. Plus, Europe may decide in the next five months to extend a freeze on emissions limits for foreign flights to as long as 2020. Read more in Lead Stories.
Quote of the Day:
“It’s climate change as a line item. They’re looking at it from a rational perspective, making a profit. It drives internal decision-making. Companies see that the trend is inevitable. What you see here is a hardening of that understanding.”
–Tom Carnac, North American President of Environmental Data Company CDP, in The New York Times’ “Large Companies Prepared to Pay Price on Carbon”
Large Companies Prepared to Pay Price on Carbon
The New York Times
More than two dozen of the nation’s biggest corporations, including the five major oil companies, are planning their future growth on the expectation that the government will force them to pay a price for carbon pollution as a way to control global warming.
Big Oil Braces for 10-Fold Surge in Carbon Emission Costs
International oil producers are bracing for carbon emission costs to soar to almost 10 times current prices in Europe, the world’s largest greenhouse gas market, as governments around the world escalate efforts to curb climate change.
Work Together When Washington Can’t: New Partnerships Will Lead Fight Against Climate Change
Tom Seyer on Huffington Post
Last month, I joined business and policy leaders at the Climate Solutions Annual Dinner in Portland to talk about what’s next in the fight against climate change. I came away inspired to focus even harder on solutions, but also with a renewed faith in state and regional action as the way forward on climate.
Record German Wind Power Lifts Renewable Share Over ’20 Goal
Record output from wind farms lifted Germany’s share of renewable electricity production above its 2020 target of 35 percent today as a storm from Scandinavia battered the nation’s northern coast.
Obama to feds: Boost renewable power 20 percent
Saying the government should lead by example, President Barack Obama on Thursday ordered the federal government to nearly triple its use of renewable sources for electricity by 2020.
Ethanol Rule Pits Gephardt Against Lott in Lobbying Fight
While renewable fuels have so far failed to reach production levels envisioned by supporters, they’re an undisputed hit with one group: Washington lobbyists.
EU May Extend Aviation Carbon Freeze to 2020, Adviser Says
Europe may decide in the next five months to extend a freeze on emissions limits for foreign flights to as long as 2020, a European Union adviser said.
Unpacking Warsaw, Part Two: Recognizing The Landscape Reality
You couldn’t escape it if you attended year-end climate talks in Warsaw this year. After all, Indonesian Deputy Minister Heru Prasetyo talked about it incessantly, as did World Bank Vice President Rachel Kyte. Peter Holmgren, who heads the Center for International Forestry Research (CIFOR), built the two-day Global Landscapes Forum around it, and the United States, United Kingdom, and Norway launched the Initiative for Sustainable Forest Landscapes (ISFL) to make it a reality. Even official negotiators meeting under the auspices of the under the auspices of the United Nations Framework Convention on Climate Change (UNFCCC) held a two-day workshop on it.
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
Group divided over how to cut Washington emissions
Gov. Jay Inslee stood with the governors of California and Oregon and a Canadian province official several weeks ago and agreed to put a price on greenhouse gas pollution and mandate the use of cleaner-burning fuels.
Australia’s carbon fund a windfall for big polluters -analysts
Australia risks wasting up to A$2 billion ($1.8bn) of its planned Emissions Reduction Fund if it goes ahead with moves to give big polluters carbon credits based on historical efficiency levels, analysts Reputex said on Thursday.
Big polluters may win from ‘grey abatement’: Reputex
The Australian government’s proposed $2.55 billion Emissions Reduction Fund could be exposed to serious budget risk, according to carbon analytics firm, RepuTex.
Natural Gas/Coal/Alternative Fuels
Renewable fuel backers try to change EPA’s mind at hearing
Supporters of the renewable fuels industry turned out en masse on Thursday, desperate for the U.S. government to change course after last month announcing a plan to lower the amount of biofuels that must be added to the fuel supply in 2014.
Bioflex Seeks State Loans for Brazilian Crop-Waste Fuel Project
Bioflex Agroindustrial SA, a Brazilian cellulosic-ethanol company, is seeking 18.9 million reais ($8 million) in state loans to buy machinery to strip sugarcane of its straw waste that will be turned into fuel.
Total and Amyris Form Joint Venture to Make Renewable Fuels
Amyris Inc. (AMRS) and Total SA (FP), France’s largest oil producer, formed a joint venture to manufacture and sell biofuels.
COLUMN-U.S. EPA must set realistic emissions limits for coal: Kemp
President Barack Obama has directed the U.S. Environmental Protection Agency (EPA) to finalise regulations on the amount of carbon dioxide (CO2) emitted by existing coal-fired power plants by June 2015, as part of the White House Climate Action Plan.
Poland’s gas exchange chief says new products will fuel growth
Poland’s power exchange and energy regulator sees an increased number of foreign players entering the local gas trade, as the country’s attempts to diversify supplies and launch new financial products promise a boost in liquidity.
Dartmouth Study Says Cutting Down (Certain) Trees Can Save the Environment
Growing forests is supposed to slow global warming because trees soak up carbon dioxide in photosynthesis. But a new study by Dartmouth College says that sometimes the better play to save the planet is cutting down trees. That would be in high latitudes where there’s a lot of snow. Treeless meadows covered with snow reflect a lot of the sun’s light and heat, reducing global warming.
OECD: Effective carbon prices (November 4, 2013)
Global 500 Climate Change Report 2013 (Posted September 12, 2013)
The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)