In this edition, a Canadian environmental department report admits the country is falling short of emissions targets and environmentalists argue further action is needed to offset oil industry emissions. The report estimates the country will produce 734 megatonnes (MT) of greenhouse gases in 2020, or 122 MT higher than its promised target. The new numbers are higher than the government’s forecasts one year ago when it expected emissions to be at 720 MT in 2020. Read more.

Plus, Bloomberg reports on a WRI report charging China’s Cleaner-Air Plan Puts Water Supplies at Risk.

Quote of the Day:

“We cannot invest in a climate catastrophe.”

–Anne Stausboll, chief executive of Calpers, the California state employees’ pension fund, in The Financial Times’ “Investors warn moves to curb climate change will hit fuel demand”

Lead Stories

Canada says falling short of emissions reduction target
Reuters
Canada acknowledged on Thursday that it will miss its target for greenhouse gas emissions by a wider margin than expected unless it takes further action to offset emissions in the oil industry.
http://bit.ly/1d4yreM

Britain calls for EU to set tougher climate goal
Reuters
The European Union needs to cut greenhouse gas emissions by 50 percent from 1990 levels by 2030 to avoid the worst effects of climate change, according to a British government paper, likely to fuel debate on whether deeper cuts are affordable.
http://bit.ly/Hkpjaj

COLUMN-EU, U.S. carbon emissions on downward trend: Wynn
Reuters
Both European Union and U.S. carbon emissions have fallen sharply over the past five years, but working out whether that will continue requires teasing out short-term and one-off factors, and pinpointing lasting efficiency gains.
http://bit.ly/1d4xTFM

All eyes on Merkel’s carbon charge
Bloomberg New Energy Finance
It’s been one month since the German election, yet all eyes are still on Europe’s biggest economy as it seeks to form a government. Clean energy investors and carbon traders both feel they have a stake in the outcome of coalition negotiations between Chancellor Angela Merkel’s Christian Democratic Union and the Social Democratic Party.
http://bit.ly/1ihh6jb

Investors warn moves to curb climate change will hit fuel demand
Financial Times
Investors managing assets worth about $3tn have written to the world’s largest oil, gas and coal companies, calling on them to prepare for a possible decline in demand for fossil fuels caused by policies to fight the threat of climate change.
http://bit.ly/1c1QhxY

What the 1973 oil embargo can teach about innovation today
GreenBiz.com
Forty years ago this month, Syria and Egypt launched a Yom Kippur surprise attack on Israel to regain land and prestige lost in the 1967 Six-Day War. Israeli forces were nearing Damascus and Cairo when a ceasefire took hold. But as the Soviet Union resupplied its Arab clients and President Nixon resupplied Israel, Arab members of the OPEC oil cartel, led by Saudi Arabia, announced a 5 percent monthly cut in oil output, then embargoed oil exports to the U.S. and later others. OPEC provided 35 percent of America’s oil at the time.
http://bit.ly/167ytk8

Events

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
climateleadershipconference.org/

Carbon

California Zero-Emission Push Grows to 8 States, 3 Million Autos
Bloomberg
California’s push for automakers to sell non-polluting cars and trucks is broadening as New York, Massachusetts, Oregon and four other states join in an effort to get 3.3 million “zero-emission” vehicles on the road.
http://bit.ly/H5rmPV

Microsoft drives home sustainability with internal carbon pricing
GreenBiz.com
For a long time, the marketplace has associated technology giant Microsoft with innovation and efficiency. Now the company is vying for accolades in a third area: sustainability.
http://bit.ly/1dpvoAF

Natural Gas/Coal

Israel electricity utility urges more natural gas pipelines
Reuters
State-owned Israel Electric Corp (IEC) on Wednesday called on the government and natural gas producers to build more pipelines to prevent disruption to gas supplies.
http://bit.ly/1fYP1jR

Tapping New Zealand’s forgotten gas
Climate Spectator
New Zealand is hoping the first deepwater wells to be drilled in the country in nearly 15 years will reignite interest in its offshore oil and gas basins, mostly ignored since some early discoveries in the 1970s.
http://bit.ly/17hW1WI

Power

Google-Backed Atlantic Cable Shifts Focus to New Jersey
Bloomberg
Atlantic Grid Development LLC, the company planning an undersea power-transmission line backed by Google Inc. (GOOG), is shifting its goal to moving electricity across New Jersey instead of connecting offshore wind farms.
http://bit.ly/HePEat

One year later, Hurricane Sandy fuels grid innovation
GreenBiz.com
For years, people talked about how important modernizing the grid is to our planet. But Hurricane Sandy proved to be a more powerful impetus, pushing states to accelerate spending on smart grid technology and distributed energy to make the electrical infrastructure more resilient.
http://bit.ly/HknZ7o

Austriansolar to Build $216 Million Chilean Solar-Energy Plant
Bloomberg
Austriansolar Chile Uno SpA, a Chilean renewable-energy developer, plans to build a $216 million photovoltaic-power plant in Chile’s northern Atacama desert.
http://bit.ly/17MWcU2

Mitsui to Work With OPT to Bring Wave Power to Market
Bloomberg
Ocean Power Technologies Inc. (OPTT), a U.S. developer of wave-energy plants, said it will work with Japan’s Mitsui Engineering & Shipbuilding Co. (7003) to bring its marine systems to market.
http://bit.ly/19C3nS6

German power utilities seek to close 7 GW in capacity-regulator
Reuters
Germany’s energy regulator has received applications to shut down 28 power plant units with the capacity of about seven nuclear plants, its president said in a newspaper interview published on Thursday.
http://bit.ly/HeSWuj

Demand doubt ‘casting questions over target
Climate Spectator
Analysisby ClimateWorks on grid-supplied electricity has found that variability on current demand levels of just 10 to 20 per cent, could affect the challenge of meeting Australia’s emissions reduction target by nearly 25 per cent.
http://bit.ly/HksBKV

Water

China’s Cleaner-Air Plan Puts Water Supplies at Risk: WRI
Bloomberg
China’s plans to develop coal-to-gas plants as part of efforts to reduce air pollution may pose a threat to water supplies in arid regions, according to a research group involved in climate and energy issues.
http://bit.ly/H5rHSx

Tea Party Republicans, Obama Back Waterway Projects Bill
Bloomberg
The U.S. House voted to authorize commercial navigation, flood control and environmental restoration projects, work that could cost taxpayers as much as $8.2 billion over the next decade.
http://bit.ly/1ag41DZ

Reports

Global 500 Climate Change Report 2013 (Posted September 12, 2013)
CDP
http://bit.ly/16mBo8p

The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
http://bit.ly/14Bk1k2

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
http://bit.ly/19LKChs

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://bit.ly/12z1YK5

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank
http://bit.ly/14KrLza

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
IEA
http://bit.ly/12Bpk41

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace
http://bit.ly/12Cyi0X

View all reports >

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