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”
Canada says falling short of emissions reduction target
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.
Britain calls for EU to set tougher climate goal
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.
COLUMN-EU, U.S. carbon emissions on downward trend: Wynn
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.
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.
Investors warn moves to curb climate change will hit fuel demand
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.
What the 1973 oil embargo can teach about innovation today
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.
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
California Zero-Emission Push Grows to 8 States, 3 Million Autos
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.
Microsoft drives home sustainability with internal carbon pricing
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.
Israel electricity utility urges more natural gas pipelines
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.
Tapping New Zealand’s forgotten gas
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.
Google-Backed Atlantic Cable Shifts Focus to New Jersey
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.
One year later, Hurricane Sandy fuels grid innovation
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.
Austriansolar to Build $216 Million Chilean Solar-Energy Plant
Austriansolar Chile Uno SpA, a Chilean renewable-energy developer, plans to build a $216 million photovoltaic-power plant in Chile’s northern Atacama desert.
Mitsui to Work With OPT to Bring Wave Power to Market
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.
German power utilities seek to close 7 GW in capacity-regulator
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.
Demand doubt ‘casting questions over target
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.
China’s Cleaner-Air Plan Puts Water Supplies at Risk: WRI
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.
Tea Party Republicans, Obama Back Waterway Projects Bill
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.
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)