As the Warsaw talks continue, we’ve included a contribution from the Council on Foreign Relations that takes a look at How the Copenhagen Climate Talks Succeeded. Plus, IEA data and discussion pops up in Leads and in Natural Gas.
And in the carbon section, coverage from China, Australia, plus B.C. hints at carbon offsets to counter LNG plants’ emissions, Canadian Press reports.
Quote of the Day:
“We treat Poland’s coal reserves as an asset and a force for stability in energy supplies. Our energy security now and for many years to come will be based on coal. The reindustrialization of Europe should be just as important a goal as emission reduction.”
–Deputy Prime Minister Janusz Piechocinski said in a speech to parliament in Warsaw on Nov. 7 in Bloomberg’s “Black Treasure in Poland Clouds UN Warming Negotiations”
How the Copenhagen Climate Talks Succeeded
Council on Foreign Relations
Negotiators are gathering in Warsaw this week and next for the nineteenth annual UN climate talks (COP19). Their job will be to prepare the groundwork for a big summit in Paris in 2015 where countries are supposed to ink a new climate agreement. Many diplomats and observers are likely to warn against repeating what they see as the disastrous 2009 Copenhagen summit. That meeting merely produced a voluntary pact, but only legally binding commitments, many will insist, can do the job.
China to Build More Renewables Than EU, U.S. Combined, IEA Says
China is expected to build more renewable power plants through 2035 than the U.S., European Union and Japan combined, according to the International Energy Agency.
Developing world’s firm ‘no’ to market-based mechanism
Poland, the hosts for the U.N. Climate talks this year, and the EU came in for some harsh opposition from many developing countries, including India, for promoting the idea that the talks must deliver a new carbon market mechanism even before countries make their emission reduction targets.
EU, Japan to Lose Third of High-Energy Goods Share, IEA Says
EU, Japan to Lose Third of High-Energy Goods Share, IEA Says
Japan and the European Union may lose a third of their combined export market share of energy-intensive goods partly because of their high natural gas, coal and electricity costs, the International Energy Agency said.
**RKB — More IEA report coverage in Natural Gas section
Black Treasure in Poland Clouds UN Warming Negotiations
A few weeks after it finishes hosting United Nations talks on limiting fossil-fuel emissions, Poland may decide to double the size of one of its biggest coal-burning power plants.
REDD Reference Levels Share Stage With Broader Land-Use Issues In Warsaw
Developed countries have set aside billions of dollars to help rainforest nations save their forests by earning credits for reducing carbon dioxide emissions from deforestation and degradation (REDD). They won’t start spending it in a big way, however, until they see trustworthy reference levels that tell them both how much carbon is captured in the recipient countries’ forests, farms, and prairies and how that carbon content is changing.
Calif. Energy Commission Chairman Weisenmiller discusses impact of EPA power plant regs on his state
How could U.S. EPA’s proposed new source regulations and anticipated existing source standards affect the climate and energy policies already in place in California?
Opinion: California’s Green Reality Check
The Wall Street Journal
Governor Jerry Brown ought to be canonized as the patron saint of hopeless environmental causes. Consider a new U.S. Department of Energy study that finds that California will fall far short of its 2050 emissions goal even under the most ambitious (i.e., unrealistic) policies.
Ford and Microsoft invest in $1 billion bond for climate projects
Ford and Microsoft were among investors in a $1 billion green bond launched last week to support “climate smart” investments in emerging markets.
Morgan Stanley launches sustainable investing institute
Morgan Stanley has decided to get into sustainable investments in a big way, announcing the Morgan Stanley Institute for Sustainable Investing.The goal is to advance market-based solutions to economic, social and environmental challenges by bringing sustainable investments to significant scale.
How a startup is making refrigerant tracking a hot commodity
In the world of sustainable business, refrigeration and cooling aren’t generally seen as prime targets for innovation. Sure, they consume energy — 10 percent of global carbon emissions and energy use comes from refrigeration, air conditioning and heat pumps, according to Emerson Climate Technologies, a division of a $24 billion global manufacturing and technology company.
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
For China, benefits of carbon tax far outweigh the costs
South China Morning Post
That China needs to give its growth engine a tune-up is hardly in doubt. With the economy slowing for the past several years, all eyes are on the third plenum of the Communist Party. Hopes are that the leadership will unveil structural reforms aimed at putting the economy on a sustainable trajectory. Interest rate liberalisation, privatisation and deregulation are high on the wish list of investors and reformers alike.
B.C. hints at carbon offsets to counter LNG plants’ emissions
The Canadian Press
Like the underground shale gas that Premier Christy Clark says will pave the way to a debt-free future, British Columbia appears caught between a rock and a hard place in balancing its hunger for a burgeoning liquefied natural gas industry and meeting its ambitious 2007 greenhouse gas pollution-reduction targets.
Abbott’s global emissions fail
Yesterday Prime Minister Tony Abbott stated that his government has no intention of going beyond the minimum target to reduce emissions by 5 per cent by 2020.
Axing carbon tax costs budget $7.4bn
The Government has revealed a $7.37bn hit to the budget over the forward estimates from its repeal of the carbon tax. The financial impact was revealed in a table reprinted below from the explanatory memorandum the Government introduced to the Parliament today.
U.S. to Be Top Oil Producer by 2015 on Shale, IEA Says
The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations, the IEA said.
IEA: Shale gas no long-term threat to OPEC
Dramatic shifts taking place in energy markets as a result of booming oil production in North America won’t lead to a new era of oil abundance or shake Middle Eastern producers’ long-term dominance of supply, the International Energy Agency said Tuesday.
Brazil Gives Fossil Fuels Advantage Over Wind in Power Auction
Brazil will allow developers of power projects that use natural gas and other fossil fuels to sell their output at higher prices than wind farms next month.
First Solar to Sell Power to Southern California Cities
First Solar Inc. (FSLR), the largest builder of U.S. solar farms, agreed to sell electricity from a 40-megawatt plant in Southern California to four area cities.
Solar industry creates standardized contracts to boost business
In the latest effort to cut solar system costs, an industry working group has developed a standard solar contract that can be used across the industry.
Davey Asks Big Six to Come Clean on Green Charge After EDF Rise
U.K. Energy Secretary Ed Davey asked energy companies to explain the “wide variation” in what they charge consumers for a government green program.
Acciona to Supply 300 Megawatts of Turbines for Texas Wind Farms
Acciona SA (ANA), the Alcobendas, Spain-based infrastructure and renewable-energy company, sold turbines with 300 megawatts of capacity for two Texas wind farms for more than $400 million.
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)