A weekend deal is reached in Warsaw that lays the groundwork for 2015. Among the meeting developments: seven years after it was placed on the agenda of the United Nations Framework Convention on Climate Change (UNFCCC), REDD+ is about to become a functioning, formal mechanism with agreed-on rules for establishing reference levels, recognizing mitigation activities, creating institutions, ensuring safeguards, and creating performance-based financing mechanisms, Ecosystem Marketplace and others report. See full Warsaw talks coverage and more, below.

Quote of the Day:

“With these decisions, the REDD house is built. Now we need to furnish it and pay for it.”

–Pipa Elias, forest policy consultant at the Union of Concerned Scientists, in Bloomberg’s “Global Warming Fight Advances With First Steps on Treaty”

Lead Stories

Global Warming Fight Advances With First Steps on Treaty
Bloomberg
Diplomats from almost 190 nations endorsed a set of measures on global warming, laying the groundwork for a treaty to be adopted in 2015 that would limit pollution by all nations for the first time.
http://jlne.ws/1aPpAwP

Warsaw climate talks set to reach deal to agree targets on emissions cuts
The Observer
Marathon talks on a new global agreement on climate change looked likely to end on Saturday night in a partial deal that would require all countries to come forward with targets on curbing their greenhouse gas emissions within a little over a year.
http://jlne.ws/1h9Rngr

Deals at Climate Meeting Advance Global Effort
The New York Times
Two weeks of United Nations climate talks ended Saturday with a pair of last-minute deals keeping alive the hope that a global effort can ward off a ruinous rise in temperatures.
http://jlne.ws/18gproG

UN Plan Charts Path to Climate Accord Limiting Pollution
Bloomberg
Envoys from almost 190 nations endorsed a program that sets out steps toward the next agreement aimed at reducing global warming, after accepting a compromise that watered down the responsibilities of developing nations such as India and China.
http://jlne.ws/1cf8KXG

UPDATE: COP Makes It Official Complete REDD Package Adopted
Ecosystem Marketplace
Seven long years after it was placed on the agenda of the United Nations Framework Convention on Climate Change (UNFCCC), REDD+ is about to become a functioning, formal mechanism with agreed-on rules for establishing reference levels, recognizing mitigation activities, creating institutions, ensuring safeguards, and – above all – creating performance-based financing mechanisms.
http://jlne.ws/1h9S7SO

Forest Protection Plan Settled at UN Climate Talks
Bloomberg
Climate envoys from about 190 nations agreed on a deal that will channel funds to developing countries to cut greenhouse-gas emissions by preventing deforestation.
http://jlne.ws/1aHN9bF

Polish ‘bad COP’ feared after ministerial sacking
EurActiv
Polish Prime Minister Donald Tusk’s sacking of the country’s environment minister Marcin Korolec yesterday (20 November) has been greeted with dismay and suspicion among EU policymakers. Korolec will continue chairing the COP19 climate summit of over 150 countries that Warsaw is hosting before being replaced by the current deputy finance minister, Maciej Grabowski. After that, he will act as a climate envoy and proxy at the prime minster’s office until the COP20 summit in Lima in 2014.
http://jlne.ws/1cJqrhK

A Closer Look at China’s ‘You First’ Stance in Climate Treaty Talks
The New York Times’ Dot Earth blog
While I was in Beijng last month to talk about online communication and climate change at a conference organized by Yale and Renmin University, I visited with Zou Ji, the deputy director of China’s National Center for Climate Change Strategy. In our conversation, he explained China’s enduring “you first” stance in the climate treaty talks despite its position as the world’s leading emitter of greenhouse gases. He also described the important role China sees for imports of natural gas as a path to cut its reliance on coal, its view on nuclear power and more.
http://jlne.ws/17RH2Tg

ROC outlines carbon trading efforts in Warsaw
Taiwan Today
Taiwan highlighted its efforts in reducing greenhouse gas emissions and promoting carbon trading during a sideline event at the ongoing 19th session of the U.N. Framework Convention on Climate Change and ninth session of the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol in Warsaw, Poland, according to the ROC Environmental Protection Administration Nov. 21.
http://jlne.ws/ImepkS

Is a green energy revolution on the global agenda?
Grist.org
This pleasant-looking park in Turkey sparked a huge anti-government protest. In the wake of the most powerful “super typhoon” ever recorded pummelling the Philippines, killing thousands in a single province, and just weeks after the northern Chinese city of Harbin suffered a devastating “airpocalypse,” suffocating the city with coal-plant pollution, government leaders beware! Although individual events like these cannot be attributed with absolute certainty to increased fossil fuel use and climate change, they are the type of disasters that, scientists tell us, will become a pervasive part of life on a planet being transformed by the massive consumption of carbon-based fuels.
http://jlne.ws/1cfcZCl

Climate change mitigation a business opportunity for UK firms, Davey says
The Guardian
Generating the funds needed to help vulnerable nations cut their greenhouse gas emissions and deal with the effects of climate change is a prime money-making opportunity for the UK’s financial institutions, the energy and climate change secretary has said.
http://jlne.ws/18gn1q1

Merkel hopeful ‘grand coalition’ deal will be done next week
Reuters
German Chancellor Angela Merkel said on Friday she expected a difficult final few days of coalition negotiations but was hopeful that her conservatives and the Social Democrats would reach agreement on a new government next week.
http://jlne.ws/1c1pL9k

Events

CarbonExpo Australia 2013
December 2-4, 2013
Melbourne
http://www.carbonexpo.com.au/

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

Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
www.nacw2014.org

Carbon

Trade War ‘Unavoidable’ if EU Emissions Plan Not Softened
Airwise
Failure by the European Union to soften a law to charge foreign airlines for their emissions will make an international trade war unavoidable, a German MEP steering the plan through the European Parliament said on Wednesday.
http://jlne.ws/17FXDag

UK to buy 50 mln stg of UN carbon credits to help poor countries
Reuters
The British government said it would buy 50 million pounds ($80.7 million) of U.N. carbon credits and cancel them as a way to help fund development and curb greenhouse gas emissions in poor countries.
http://jlne.ws/17YCQMd

California Sells Carbon Permits for $11.48 Each at Auction
Bloomberg
California, the second-largest carbon-emitting state in the U.S., sold 16.6 million carbon allowances at auction for $11.48 each, roughly in line with analysts’ expectations.
http://jlne.ws/1aPqkSD

Swiss oil firms to spend 100 mln francs on emission cuts abroad
Reuters
Swiss fuel importers will spend 100 million Swiss francs ($109 million) on projects to cut carbon emissions in developing countries, the Environment Ministry has said.
http://jlne.ws/1h9Smxb

China surprised and disappointed by Australia’s carbon repeal
Renew Economy
Chinese officials have expressed their surprise and disappointment that Australia is seeking to repeal its carbon price, just as the world’s second largest economy and biggest polluter prepares to launch new carbon trading schemes of its own, and seek linkages with international markets.
http://jlne.ws/Imey88

Natural Gas/Coal/Alternative Fuels

Green Plains buys two ethanol plants
Reuters
U.S. ethanol producer Green Plains Renewable Energy Inc said it has completed a previously announced acquisition of two ethanol plants from privately held Ethanol Holding Co.
http://jlne.ws/1i53QU2

Analysis: Still-pricey ethanol credits show risk of EPA rule challenge
Reuters
In theory, the U.S. Environmental Protection Agency’s move last week to slash the amount of ethanol to be blended into gasoline next year should have reduced the value of volatile compliance credits to near zero.
http://jlne.ws/1903Ivu

Power

Hanwha SolarOne Supplying 12.9 Megawatts for Portugal Projects
Bloomberg
Hanwha SolarOne Co., the photovoltaic manufacturing unit of South Korea’s Hanwha Group, supplied 12.9 megawatts of panels for power plants in Portugal.
http://jlne.ws/IcgTDg

Mahindra Plans to Double Solar Contracts in South India
Bloomberg
A unit of Mahindra & Mahindra Ltd. (MM), India’s biggest sports utility-vehicle maker, plans to almost triple solar capacity by adding plants in the state of Tamil Nadu where a power deficit is spurring clean-energy investment.
http://jlne.ws/1beY0vr

Dutch listing ban forces TenneT to find partners for German grid
Reuters
The Dutch government’s desire to retain sole control of electric grid operator TenneT is forcing longtime chief executive Mel Kroon to look for partnerships to finance his ambition to make the company a northwest European power hub.
http://jlne.ws/1fxVnXr

New Jersey appeals ruling against law subsidizing new power plants
Reuters
New Jersey has appealed a federal district court decision overturning a state law that subsidizes the construction of new natural gas-fired power plants in the state.
http://jlne.ws/19S5gXQ

Wind Energy Company to Pay $1 Million in Bird Deaths
The New York Times
Duke Energy agreed on Friday to pay $1 million in fines as part of the Justice Department’s first criminal case against a wind power company for the deaths of protected birds.
http://jlne.ws/18gpjWb

Reports

OECD: Effective carbon prices (November 4, 2013)
http://jlne.ws/176gahP

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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