In this edition, some pretty tough criticism leveled at global climate leaders heading into next week’s talks. United Nations climate talks will fail unless nations put aside their indifference toward other countries’ emission-reduction efforts, according to Third Generation Environmentalism Ltd. Australia isn’t even sending a minister-level representative. Reuters has a fairly benign headline to kick off its coverage: Hopes for strong 2015 climate deal fade, as risks grow. The article suggests world governments are likely to recoil from plans for an ambitious 2015 climate change deal at talks next week, concern over economic growth at least partially eclipsing scientists’ warnings of rising temperatures and water levels. Read more in our Leads section.
Quote of the Day:
“[The U.K. goal] remains sensible in light of the latest evidence on climate science and international action. There is no legal or economic case to reduce ambition.”
–John Gummer, member U.K. House of Lords, chairman of the government’s adviser, the Committee on Climate Change, in Bloomberg’s “U.K. Has No Economic Case to Weaken Carbon Goals: Adviser”
UN Climate Tension Stoked by Nations’ Lack of Empathy, E3G Says
United Nations climate talks will fail unless nations put aside their indifference toward other countries’ emission-reduction efforts, according to Third Generation Environmentalism Ltd.
Hunt urged to ‘face the music’ at UN talks
Australia won’t be sending a government minister to next week’s major United Nations climate talks, bucking a trend that has existed since the days of the Howard government.
Hopes for strong 2015 climate deal fade, as risks grow
World governments are likely to recoil from plans for an ambitious 2015 climate change deal at talks next week, concern over economic growth at least partially eclipsing scientists’ warnings of rising temperatures and water levels.
Chinese CO2 permits to trade below $5 – consultant survey
Carbon emission permits in China’s fledgling CO2 markets will trade below $5 a tonne in initial years, lower than the crisis-hit European market, a survey found on Thursday.
Japan Seeks to Triple Emission Offset Partners, Kyodo Reports
Japan plans to triple the number of countries with which it has bilateral environmental technology transfer arrangements to offset the country’s carbon dioxide emissions, Kyodo News agency reported today.
U.K. Has No Economic Case to Weaken Carbon Goals: Adviser
The U.K. has no economic or scientific cause to weaken its carbon targets, the government’s adviser on climate change said, reducing the chance ministers will alter a goal to cut emissions in half by 2027.
Britain starts paying cash to help industry with EU CO2 costs
Britain has begun paying firms millions of pounds in compensation to industrial companies help shield them from higher energy bills due to European carbon permits, a government spokeswoman said on Thursday.
Chris Christie is no moderate on the environment
You’ve read about Chris Christie, subject of two cover profiles in Time magazine this year — and there will be lots more media fawning now that he’s been reelected as governor of New Jersey and positioned himself as a top contender for the Republican presidential nomination. He’s a bold truth-teller confronting the flat-earthers among his fellow Republicans, goes the narrative, a moderate pragmatist who puts getting things done above partisanship or ideology, especially when dealing with Hurricane Sandy.
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
Foresters saturate NZ carbon market
Spot permits in New Zealand’s emissions trading scheme closed on Thursday at an 11-week low of NZ$3.45, on course for a fourth consecutive week of declines, as supply from foresters saturated the market, traders said.
Carbon Rises as Bulgaria Signals Support for Market Fix Tomorrow
European Union carbon permits for December rose after Bulgaria, Luxembourg and the Czech Republic indicated they will back a mandate to start talks with the European Parliament on a plan to help boost emission prices.
EU carbon steady in face of interest rate cut move
EU carbon was little changed in nervous trade on Thursday that failed to match gains in other asset classes, which were spurred by a surprise interest rate cut by the European Central Bank.
Czech green scheme puts high price on household emissions cuts
A billion-dollar scheme to reduce household emissions in the Czech Republic costs five times as much per ton of carbon dioxide (CO2) as some European industries need to spend to achieve the same cuts, government data showed.
Voestalpine sees its EU carbon bill soaring from 2013-2020
Austrian steelmaker Voestalpine AG said it paid roughly 50 million euros for European carbon permits between 2008 and 2012 and expects to pay a multiple of that number from 2013-2020 as EU carbon tax laws are revised.
Natural Gas/Coal/Alternative Fuels
OPEC Sees Less Demand for its Oil to 2018 Amid Shale Boom
OPEC acknowledged it underestimated the significance of the North American energy boom as it tripled estimates for shale oil produced there and predicted a decline in demand for its own crude through to 2018.
Congress Seen Debating Oil Exports While Wary of Gas Cost
Congress probably will consider loosening restrictions on U.S. oil exports, though a push by industry to sell more crude overseas will be resisted by members concerned about the impact on gasoline prices, lawmakers said.
Dynegy seeks to shut 50-year old California natgas power plant
U.S. power company Dynegy Inc said on Thursday it wanted to retire the 50-year old Morro Bay natural gas-fired power plant in California because it was no longer profitable.
Bulgaria warns of new gas crisis
Bulgarian Economy and Energy Minister Dragomir Stoynev warned yesterday (6 November) of a possible repeat of the 2009 gas crisis as a result of the intensified conflict between Russia and Ukraine.
Brookfield Bets on Wind With $7 Billion Fund
Brookfield Asset Management Inc. (BAM/A) plans to invest in South American wind farms and hydroelectric plants to benefit from a burgeoning middle class after raising $7 billion in the world’s second-biggest infrastructure fund.
French economic recovery to lift power failure risks in 2016-RTE
The security of France’s electricity supply appears to be increasingly at risk of power failures after 2015, when its economy recovers and power usage increases, French grid operator RTE said on Thursday.
Water Shortages Threaten Energy Output: Wood Mackenzie
The Wall Street Journal
Water shortages are threatening energy output and increasing costs in some of the world’s most prolific sectors including shale gas in the U.S., crude oil in the Middle East and coal in China, and the situation is set to worsen, Wood Mackenzie said Thursday.
The Top 10 Most Energy-Efficient U.S. States
Access to energy in the U.S. — and the effects of generating it — are a national concern. Debates persist over the most cost-effective and environmentally friendly mix of nuclear energy, coal, gas and liquid hydrocarbons and renewable sources.
China’s Soviet-Style Suburbia Heralds Environmental Pain
Take away the haze of air pollution and Waterfront Corso Mansions near Tianjin might seem like an urban idyll for China’s growing population of city dwellers.
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)