The UN Climate Summit is hardly over and today’s edition already features sobering news: India, the third largest world polluter, says it will increase its carbon emissions. The silver lining comes from Brazil: though refusing at the UN meeting to commit to fight against deforestation (yesterday’s edition), it might slowly convert. And, for the responsible investor, new Low Carbon Indices, to provide exposure to best-in-class companies in carbon intensive sectors.
Quote of the day
“What cuts? That’s for more developed countries. The moral principle of historic responsibility cannot be washed away.”
Prakash Javadekar, India’s new environment minister, in the New York Times’ story Emissions From India Will Increase, Official Says
Emissions From India Will Increase, Official Says
Coral Davenport, The New York Times
In a blow to American hopes of reaching an international deal to fight global warming, India’s new environment minister said Wednesday that his country would not offer a plan to cut its greenhouse gas emissions ahead of a climate summit next year in Paris.
***LB: Also in this story “India is the world’s third-largest carbon polluter, behind China and the United States, and Mr. Javadekar’s comments are a first indication of the direction of the environmental policies of the new prime minister, Narendra Modi, the author of a 2011 e-book, “A Convenient Action.””
The UN climate summit reveals India’s hypocrisy on saving forests
Janaki Lenin (Blog), the guardian.com
On Tuesday, India’s minister for environment, forests, and climate change, Prakash Javadekar, scoffed at the idea of the country reducing emissions to counter climate change.
***LB: Also in this story “Environment minister argues for historical justice on cutting carbon, but denies it to tribes living in the country’s forests.”
New alliances being formed outside governments to fight climate change
Renee Lewis, Al Jazeera America
A day after world leaders gathered for a United Nations Climate Summit in an attempt to garner the political will needed to confront climate change, New York’s Empire State Building played host Wednesday to an alliance of civil society, private sector and diplomatic leaders planning a transition to a carbon-neutral future.
California, Quebec Seek Partners to Grow Carbon Market
Frederic Tomesco and Lynn Doan, Bloomberg News
Less than a year after establishing North America’s largest carbon market, Quebec and California are aggressively recruiting the province of Ontario and other U.S. states to join, Quebec’s premier said.
***LB: Also in this story “Quebec is discussing a regional market with the governors of New England states and leaders in Ontario while California is working with Oregon and Washington in the western U.S., Quebec Premier Philippe Couillard said yesterday in an interview at Bloomberg’s headquarters in New York.”
Investment giants throw weight behind green bonds market
Some of the world’s biggest financial institutions have this week underlined their commitment to the fast-expanding green and climate bonds market, signing up to a new statement that pledges to grow the global market.
***LB: Also in this story “The green and climate bonds market has enjoyed rapid growth in the past year – over $25bn of green bonds have been issued to date this year and the market is expected to top $40bn before growing to $100bn in 2015.”
Launch of Solactive CK Low Carbon Indices
Corporate Knights Capital has partnered with Solactive to launch a family of Low Carbon Indices, aiming to provide exposure to best-in-class companies in carbon intensive sectors, while maintaining benchmark exposure for companies in all other sectors.
Companies Are Part Of The Equation To Address Climate Change
Bob Perciasepe, C2ES (Center for Climate and Energy Solutions)
While the focus in New York this week has been on world leaders pledging to act on climate change, business leaders also stepped up to be part of the climate solution.
Brazil warming to ‘green’ policies
Jeff Tollefson, Nature
Marina Silva rose from poverty deep in the Amazon jungle to become a prominent politician and the advocate who kick-started Brazil’s battle against deforestation. Now she is clashing with an old foe, President Dilma Rousseff, in a wild election that could reshape the nation’s environmental policy.
Ukraine Pushes for NATO Membership as Gas Talks Commence
Volodymyr Verbyany and Daryna Krasnolutska, Bloomberg News
Ukraine kick-started the process to strengthen its ties with NATO and will strive to join the alliance in the “short term,” its government said, a day after its president declared the worst of its separatist war was over.
EPA chief: Climate skeptics ‘sad’
Laura Barron-Lopez, The Hill
Environmental Protection Agency chief Gina McCarthy on Thursday made a forceful case for action on climate change, arguing moves should be made not “despite the economy” but “because of it.”
EMA’s 18th Annual Meeting
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts.
October 22 – 24, 2014
Santa Monica, CA
FT European Gas Summit
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
Putting a price on carbon emissions emerges as a key strategy for nations and businesses to pursue
Lisa Friedman, E&E
The colorful Climate Summit 2014 banners have vanished from the hallways, and the talk here has turned from the threat of global warming to air strikes against Syria and the deadly Ebola virus.
EPA chief says to expect ‘changes’ in final climate rule
Laura Barron-Lopez, The Hill
There will be “changes” made in the Obama administration’s proposal to cut carbon pollution from existing power plants, according to Environmental Protection Agency (EPA) chief Gina McCarthy.
Land policy changes would sequester more carbon and conserve habitat
Rewarding landowners for converting farmland into forest will be key to sequestering carbon and providing wildlife habitat, according to a new study by Oregon State University and collaborators.
The tiny fish that captures more carbon than the rain forest
Shawn Larkin, The Tico Times
When my daughter reached down and picked up the little fish from the surface of the deep blue sea, she asked me what kind it was.
Nuclear Plants Across Emerging Nations Defy Japan Concern
Alessandro Vitelli, Bloomberg News
Three years after Japan closed all of its nuclear plants in the wake of the Fukushima meltdown and Germany decided to shut its industry, developing countries are leading the biggest construction boom in more than two decades.
Natural gas / coal
Hungary to import more gas from Gazprom, says PM Orban
Krisztina Than, Reuters
Hungary has secured agreement for increased gas imports from Russia’s Gazprom, Prime Minister Viktor Orban said on Friday, a day after Hungary’s pipeline operator FGSZ stopped shipping gas to Ukraine.
Switch to Natural Gas Won’t Reduce Carbon Emissions Much, Study Finds
Christina Nunez, National Geographic
Switching from coal to natural gas for power generation won’t do much to reduce U.S. greenhouse gas emissions and might even raise them slightly, in part because it will discourage the use of carbon-free renewable energy, according to a study released Wednesday.
This Startup Can Map The Solar Potential Of Every Single Home In Your City
For the average homeowner, there’s more benefit to going solar than ever before. PV panels pay themselves off faster than ever, and some utilities are even paying their customers for the extra energy they generate. But most people still find the whole idea too intimidating to take action.
Solar Company and Bronx College Plan a Technology Hub
Winnie Hu, The New York Times
It has lit up the Budweiser warehouse in Hunts Point with solar energy, helped thousands of homeowners cut their electricity bills, and designed a 12-acre solar field on top of a closed landfill in Rockland County to power nearby towns.
Is this heart-shaped solar farm the world’s most beautiful power plant?
Will Nichols, Business Green
An extraordinary heart-shaped solar farm is set to be built on the Pacific island of New Caledonia.
***LB: Also in this story “The 2MW “Heart of New Caledonia” is being built by solar company Conergy and should start producing power for 750 homes from early next year.
Biomass could provide 20 per cent of global electricity by 2030
Will Nichols, BusinessGreen
Plants, trees, and farm waste could provide a fifth of the world’s energy, supplying industry and homes with renewable power, heat, and fuel, a new study has concluded this week.
Solar boom helps UK renewables deliver record energy share
Will Nichols, BusinessGreen
Solar electricity generation rose by more than 67 per cent year-on-year in the second quarter of 2014, as the UK’s solar boom gained momentum.
EDF Energy inks deal to purchase power from Tidal Energy Ltd
The UK’s marine energy market has received a boost this week, as energy giant EDF announced it has agreed to purchase power from the planned Deltastream tidal energy project off the coast of Wales.
A fight over rooftop solar panels could decide America’s energy future
Josh Voorhees, Slate
On Monday, Google announced that it was cutting ties with the American Legislative Exchange Council, the powerful Koch-backed conservative group that, among other things, opposes government action to combat climate change.
CEZ Eyes Poland’s Energa as It Seeks Regional Expansion
Ladka Bauerova, Bloomberg News
CEZ AS, the largest Czech power producer, says it would like to buy a majority stake in Polish utility Energa SA as part of its plan to grow through acquisitions in the region.
Round-the-world solar flight gives wings to clean energy
Ed Crooks, Financial Times
The first nonstop flight across the Pacific, in 1931, took 41 hours. Now a group of energy and technology companies is backing an attempt by two solar flight pioneers to cross the ocean even more slowly, taking five days and nights to fly from China to Hawaii in an aircraft powered only by the sun.
EPA targets dental fillings
Timothy Cama, The Hill
The Environmental Protection Agency wants to reduce the amount of mercury from dentistry that gets into waterways.
State to establish sea level rise database: Gov. Jerry Brown signs Assemblyman Rich Gordon’s legislation to coordinate planning
Samantha Weigel, Daily Journal
In a statewide effort to encourage public agencies to address sea level rise, Gov. Jerry Brown approved the formation of an online database to assist in coordinated planning in adapting to climate change.
World Stands By As Algae and Dead Zones Ruin Water
Codi Kozacek, Circle of Blue
Decades of research and billions of dollars spent to understand the causes of toxic algae blooms and oxygen-starved aquatic dead zones around the world have produced more scientific knowledge but achieved few results to solve two of the most dangerous threats to the world’s oceans and fresh water reserves.
Homeland Security Joins Push To Tackle Climate Change Risks
Lisa Anderson, Thomson Reuters Foundation
Protecting the infrastructure of American cities from the effects of climate change is rising on the agenda of the U.S. Department of Homeland Security, according to a top agency official.
Organic food sector enjoys sales surge
The UK’s organic grocery market is continuing to outperform the market for non-organic products, according to new figures released this week that suggest the sector is providing an increasingly important revenue stream for the nation’s supermarkets.
Yahoo joins tech firms leaving ALEC
Julian Hattem, The Hill
Yahoo is the latest tech firm to drop its associations with the conservative American Legislative Exchange Council.