In this edition, our Leads section holds several dispatches from a gathering of UN scientists and their new report, including from the NY Times: U.N. Climate Panel Endorses Ceiling on Global Emissions. And, Figueres Calls For Action As IPCC Reaffirms Man’s Role In Climate Change, from Ecosystem Marketplace. Plus, former U.S. vice president and presidential candidate Al Gore chimes in with US media ‘intimidated, frightened’ on climate change. The Hill covers Gore’s speech.

Quote of the Day:

“People think that global warming means every year is going to be warmer than the year before. It’s more like a stair-step kind of thing.”

–Gerald A. Meehl, an American scientist who contributed to the U.N. report.

Lead Stories

U.N. Climate Panel Endorses Ceiling on Global Emissions
The New York Times
The world’s top climate scientists on Friday formally embraced an upper limit on greenhouse gases for the first time, establishing a target level at which humanity must stop spewing them into the atmosphere or face irreversible climatic changes. They warned that the target is likely to be exceeded in a matter of decades unless steps are taken soon to reduce emissions.
http://jlne.ws/17gj5Cb
**RKB — The report, here. Primary findings: The panel endorsed a “carbon budget” for humanity — a limit on the amount of the primary greenhouse gas, carbon dioxide, that can be produced by industrial activities and the clearing of forests. No more than one trillion metric tons of carbon could be burned and the resulting gases released into the atmosphere, the panel found, if planetary warming is to be kept below 3.6 degrees Fahrenheit (2 degrees Celsius) above the level of preindustrial times. That temperature is a target above which scientists believe the most dangerous effects of climate change would begin to occur.

White House, Kerry: UN report makes case for climate action
The Hill’s E2 Wire
Top White House and Cabinet officials are seeking to use the new United Nations climate change report to create political momentum for stepped-up U.S. and international steps to cut greenhouse gas emissions.
http://jlne.ws/19Pa2WA

Global Warming’s Slower Pace Hardens Views on Need to Act
Bloomberg
Global warming has slowed since 1998 as pollution reached record levels and rising seas became a more pressing concern, according to a United Nations report that’s hardening views on both sides of the climate debate.
http://jlne.ws/1bUjiia

Figueres Calls For Action As IPCC Reaffirms Man’s Role In Climate Change
Ecosystem Marketplace
Christina Figueres, the UNFCCC (United Nations Framework Convention on Climate Change) Executive Secretary says the most recent IPCC (Intergovernmental Panel on Climate Change) report is a clarion call for the global community to ramp up efforts to combat climate change.
http://jlne.ws/19P32c3

Fossil Fuels Need to Stay Unburned to Meet Climate Target
Bloomberg
Most known reserves of fossil fuels will need to stay unburned to stop temperatures rising beyond a United Nations target that seeks to curb climate-change dangers.
http://jlne.ws/16MUMYj

EPA Carbon Standards Among Rules Targeted in Debt Ceiling Bill, Analysis Says
Bloomberg BNA
Clean Air Act new source performance standards for new power plants recently announced by the Obama administration are among the rules House Republicans are targeting in debt ceiling legislation, according to an analysis of the bill released Sept. 26 by the House Joint Economic Committee.
http://jlne.ws/1fBflkK

Ex-EPA official pleads guilty to theft, sparks Capitol Hill inquiry
The Hill’s E2 Wire
John Beale, a former senior official with the Environmental Protection Agency’s Air Quality office, pleaded guilty Friday to stealing nearly $900,000 in pay and benefits in a case that has prompted inquiries on both sides of Capitol Hill.
http://jlne.ws/1bkUP6m

Al Gore: US media ‘intimidated, frightened’ on climate change
The Hill’s E2 Wire
Al Gore ripped U.S. television coverage of climate change Friday, alleging the media is cowering before industry-funded global warming “deniers.”
http://jlne.ws/1fBiiBQ

Trade War Looms Without Deal to Cut Aviation Emissions, EU Says
Bloomberg
A failure by negotiators to agree upon a global deal next week to cut emissions from airlines risks trade conflicts between the European Union and other regions, EU Climate Commissioner Connie Hedegaard said.
http://jlne.ws/1bUjLRu

Can Financing Mechanisms Bridge The REDD+ Money Gap?
Ecosystem Marketplace
Private-sector REDD projects have proactively saved roughly 20 million hectares of endangered forest, and the number is growing. Public-sector buyers, however, are putting their money into programs that don’t yet exist, and true compliance buyers are years away. Here’s a look at two discussion papers focusing on new financing mechanisms that might help bridge the gap.
http://jlne.ws/14W07QC

Nodal Exchange Receives CFTC Approval to Register as a Designated Contract Market
Press Release
Nodal Exchange, LLC (Nodal Exchange) announced today that the U.S. Commodity Futures Trading Commission (CFTC) has approved its application to be registered as a Designated Contract Market (DCM). The application was filed on October 11, 2012. Nodal Exchange will begin operation as a DCM effective on September 30, 2013.
http://jlne.ws/14W2liI

Events

Climate Strategies Forum
Association of Climate Change Officers
October 14-17
Washington, D.C.
http://jlne.ws/14cGFtN

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco, California
http://jlne.ws/1bAKXT4

FT Global Shale Energy Summit
October 21
London
http://jlne.ws/1cemi7d

Solar Power International
October 21-24
Chicago
http://jlne.ws/184e0wa

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

Carbon

Lufthansa Hands Back $68 Million of Unused EU Carbon Allowances
Bloomberg
Deutsche Lufthansa AG, Europe’s second-largest airline, handed back 50 million euros ($68 million) of unused European Union carbon permits after the bloc suspended its cap on international flight emissions.
http://jlne.ws/16CwuXX

Carbon tax ‘an overkill’, say major electricity users
Business Day (South Africa)
INTRODUCING a carbon tax in South Africa was too much in a country where escalating electricity prices and the “effective price on carbon” imposed through the government’s Integrated Resource Plan (IRP) had already changed business behaviour, Energy Intensive User Group chairman Mike Rossouw said in Sandton on Thursday.
http://jlne.ws/14W1f6A

France to introduce carbon tax to fund green technologies
Blue and Green Tomorrow
The French government has said a carbon tax will be introduced in the country next year that is expected to generate some 4 billion euro (3.3 billion sterling) for renewables projects and energy efficiency schemes.
http://jlne.ws/16CxvyZ

Natural Gas/Coal/Alternative Fuels

Keystone Pipeline Project Faces Nebraska Court Showdown
Bloomberg
The proposed Keystone XL pipeline faces a court challenge in Nebraska, where three property owners contend state lawmakers gave the governor illegal power to take away their land for the project.
http://jlne.ws/19NOdrz

Canadian PM on Keystone XL fight: It’s over when we’ve won
The Hill’s E2 Wire
Canadian Prime Minister Stephen Harper vowed Thursday to keep seeking approval for the Keystone XL oil sands pipeline even if President Obama rejects it, according to several reports.
http://jlne.ws/1eSHPFi

Power

German utilities urge market reform for renewables sector
Reuters
Operators of future renewable power units in Germany should sell their output directly to end the spiralling costs of subsidies to consumers, utility industry group BDEW proposed on Friday.
http://jlne.ws/16WKB4n

Reykjavik Geothermal Agrees to Build 1,000 Megawatts in Ethiopia
Bloomberg
Reykjavik Geothermal, the Icelandic company that’s helped build power plants in more than 30 countries, agreed to develop as much as 1,000 megawatts of projects in Ethiopia over the next 10 years.
http://jlne.ws/1aD2hFw

Greencoat Buys U.K. Wind Farms From BayWa of Germany After IPO
Bloomberg
Greencoat U.K. Wind Plc, the fund that held Britain’s biggest clean-energy initial public offering this year, agreed to buy two wind farms from BayWa AG.
http://jlne.ws/18CY4Ca

UPDATE 1-Wind energy company Pattern blows past IPO price in debut
Reuters
Shares of Pattern Energy Group Inc rose 10 percent in their debut, as the recent rally in renewable energy stocks rubbed off on the first-ever public offering of a U.S. wind farm operator.
http://jlne.ws/1bjEKdE

Vestas, Mitsubishi Heavy team up in offshore wind drive
Reuters
Denmark’s Vestas Wind Systems has agreed a joint venture with Japan’s Mitsubishi Heavy Industries for offshore wind turbines, adding financial muscle to its attempts to catch up with rivals in a sector viewed as the future of wind power.
http://jlne.ws/1hdAFs9

China to offer tax breaks to solar power manufacturers
Reuters
China’s Ministry of Finance announced it will offer tax breaks to manufacturers of solar power products on Sunday, as China moves to support an industry still struggling to deal with massive overcapacity and weak demand.
http://jlne.ws/19P4mM4

ADB to lend India $500 mln for renewable energy project
Reuters
The Asian Development Bank will provide a $500 million loan to build a transmission system for solar and wind energy in western India, the bank said on Friday, a day after it announced a $400 million package for a water and sanitation program in the eastern part of the country.
http://jlne.ws/19hJTP6

Water

This Week In Water: With Water Energy Nexus, It’s Lead Or Be Led
Ecosystem Marketplace
In August, the Chinese leadership announced an initiative to cut dependence on coal in a dozen major cities in the country. Plans for new coal plants will be cancelled, mines closed, and utility prices increased. On the heels of that news comes the prediction that a carbon tax will likely be introduced in China by 2016, in tandem with a national emissions trading system.
http://jlne.ws/1fsE6zK

Reports

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

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

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

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

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

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

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

View all reports >

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