As the UN climate summit looms, today’s edition emphasizes the fact that according to a new report, fixing climate change can be done at no extra cost. Apart from public initiatives – like China’s decision to ban the use of coal containing sulfur (in the Natural gas /coal section), private initiatives abound, from the world’s first 3D printed electric car to letting individual investors buy into solar projects across Ontario, like a Toronto co-op is doing.
Quote of the day
“Less than 50 parts are in this car.”
Jay Rogers from Local Motors, in the WGNtv’s story Made in Chicago: World’s First 3D Printed Electric Car
Fixing Climate Change May Add No Costs, Report Says
Justin Gillis, The New York Times
In decades of public debate about global warming, one assumption has been accepted by virtually all factions: that tackling it would necessarily be costly. But a new report casts doubt on that idea, declaring that the necessary fixes could wind up being effectively free.
***LB: Also in this story “A global commission will announce its finding on Tuesday that an ambitious series of measures to limit emissions would cost $4 trillion or so over the next 15 years, an increase of roughly 5 percent over the amount that would likely be spent anyway on new power plants, transit systems and other infrastructure.”
Scottish ‘Yes’ vote could harm clean energy investment, say analysts
Will Nichols, BusinessGreen
A vote for Scottish independence is likely to damage clean energy investment in the near term, according to new analysis by Bloomberg New Energy Finance (BNEF).
***LB: Also in this story “One renewable energy developer, Infinis Energy, has already postponed decisions on two wind projects in Scotland until the result of the vote is known and BNEF warns others could follow suit.”
EU wind chief: governments must ‘relinquish strangleholds’ over energy policy
Jessica Shankleman, BusinessGreen
The chief executive of Europe’s biggest wind power trade association has made a fresh call for the EU to move towards a single energy market, warning that “vested interests” and lack of co-operation between member states is derailing progress towards energy union.
Made in Chicago: World’s First 3D Printed Electric Car
Sean Lewis, WGN tv
In a matter of two days, history was made at Chicago’s McCormick Place, as the world’s first 3D printed electric car—named Strati, Italian for “layers”– took its first test drive.
125 global leaders to attend UN climate summit
Laura Barron-Lopez and Timothy Cama, The Hill
The United Nations is out with its guest list for next week’s summit on climate change, and 125 heads of state are expected to attend.
***LB: Also in this story ” The leaders of China, India, Australia and Canada already weren’t expected, and the UN’s release confirms their absence.”
Gazprom Eurobond at Risk as Russia Sanctions Stigma Grows
Ksenia Galouchko and Natasha Doff, Bloomberg Businessweek
Two months into a drought in Russian corporate bond sales, signs are emerging that companies are becoming anxious to tap overseas markets again. What’s less clear is if investors are interested in buying.
Industry Seeks Australia Climate Policy Clarity as Parties Fight
Ben Sharples, Bloomberg
Australian businesses are seeking clarity on the coalition government’s climate change policy as uncertainty undermines investment, according to speakers at a Bloomberg Summit in Sydney today.
Keystone developer reapplies for SD permit
Timothy Cama, The Hill
The company building the controversial Keystone XL pipeline is asking South Dakota to reissue its expired certification to run the pipeline through the state.
***LB: Also in this story “TransCanada Corp. had originally obtained a permit in June 2010, but missed the deadline to begin building it within four years. Construction on the pipeline has not started because President Obama has yet to grant a federal permit for the project.”
SolarShare grows as ‘green bonds’ heat up
Richard Blackwell, The Globe and Mail
A small Toronto co-op is tapping into the huge appetite for green investing by letting individual investors buy into solar projects across Ontario.
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
Pioneering a New Financial Instrument to Help Combat Climate Change
The World Bank website
To help keep finance flowing to projects that combat climate change, the World Bank and partners are developing an innovative pilot program that allows project developers and financiers to compete in an online auction to deliver the largest number of emissions reductions at the lowest cost.
Feds look to make hotels more energy efficient
Tim Devaney, The Hill
The Department of Energy could soon level new efficiency regulations on the air conditioning and heating units found in hotels and motels.
***LB: Also in this story “The proposed rules for these temperature-control systems could save consumers millions of dollars and reduce emissions over the next 30 years, the agency said in the Federal Register.”
Legislature renews fight for N.J. to return to ‘cap and trade’ program
Wallace McKelvey, Press of Atlantic City
Three years after Gov. Chris Christie’s administration ended the state’s involvement in a regional “cap and trade” program designed to cut greenhouse gas emissions, a bill being considered Monday could reverse that decision.
Natural gas / coal
China Bans Use of Coal With High Ash or Sulfur to Fight Smog
China will ban sales and imports of coal with high ash or sulfur in a move to promote cleaner types of the fuel and improve the nation’s air quality.
China ban on low-grade coal set to hit global miners
Lucy Hornby, Jamie Smyth and Neil Hume, Financial Times
China’s top planning agency has banned use of low-quality coal to address the country’s befouled air and its growing glut of coal, in a blow to international miners already smarting from a steep drop in iron ore prices.
Well Leaks, Not Fracking, Are Linked to Fouled Water
Henry Fountain, The New York Times
A study of tainted drinking water in areas where natural gas is produced from shale shows that the contamination is most likely caused by leaky wells rather than the process of hydraulic fracturing used to release the gas from the rock.
Fracking or Drinking Water? That May Become the Choice
Mark Koba, NBC News
Fracking for oil and natural gas—or having enough water to drink. That’s the possible dilemma facing a number of countries including the United States, according to a new report released by the World Resources Institute last week—though experts disagree on the real implications of the report and what should be done about it.
***LB: Also in this story “Forty percent of countries with shale-rich deposits—the types where hydraulic fracturing or “fracking” is used to extract natural gas and oil—face water scarcity in and around the shale deposits, according to the WRI report.”
Nigeria to Triple Natural-Gas Output for Power Supply
Daniel Magnowski, Bloomberg
Nigeria aims to almost triple its natural gas production capacity by 2020 to help meet the West African nation’s power and industrial development needs, Oil Minister Diezani Alison-Madueke said.
Farmers given recipe for solar-powered roast lamb
Farmers are being offered guidance on how to produce a clean energy ‘harvest’ to supplement food production.
Musk Solar Strategy Used as Model for Record Investments
Justin Doom, Bloomberg
Private equity and venture capital firms are pouring record investments into rooftop solar, following a model popularized by billionaire Elon Musk’s SolarCity Corp. (SCTY) — sell power, not panels.
Sparks fly in world’s first all-electric Grand Prix
Will Nichols, BusinessGreen
About 40 million viewers tuned in for the world’s first all-electric Grand Prix where an action-packed final-lap collision handed victory to Brazilian driver Lucas di Grassi.
No rain for decades: Stand by for the ‘megadroughts’, scientists warn
Climate change is set to unleash a series of decades-long “megadroughts” this century, according to research to be published this week.
China Reduces Wheat Irrigation as Farming Depletes Groundwater
China is reducing crop irrigation in regions with water shortages as the world’s biggest grain consumer seeks to ease pressure on declining aquifers.
‘Rivers’ of Water Vapor From Amazon Fail, Bring Drought to Brazil
Climate News Network
Vast clouds of water vapor that typically flow from the Amazon rainforest to southern Brazil failed last year, possibly causing the severe drought that is afflicting cities like Sao Paulo.
***LB: Also in this story “Scientists believe that deforestation in the Amazon basin and climate change are to blame for stopping the flow of water vapor.”
Drinking water contaminated by shale gas boom in Texas and Pennsylvania
Suzanne Goldenberg, theguardian.com
The natural gas boom resulting from fracking has contaminated drinking water in Texas and Pennsylvania, a new study said on Monday.
(UK’s) Supermarkets pledge to be honest about sustainable fishing claims
Jessica Shankleman, BusinessGreen
Leading supermarkets including Tesco, Marks & Spencer, Waitrose and Sainsbury’s are set to roll out a new standardised labelling system on their seafood products, designed to help shoppers pick out sustainably sourced fish.
UK environment policies get the red card from MPs
Will Nichols, BusinessGreen
MPs have given a “red card” to the government’s environmental policies, in a report green groups said torpedoes the coalition’s ambition to be the greenest government ever.
China, the Climate and the Fate of the Planet
Rolling Stone, Jeff Goodell
As the sun rises in mid-july over andrews Air Force Base near Washington, D.C., Secretary of State John Kerry climbs quickly – he’s positively bouncing – up the carpeted stairs of his blue-and-white government-issued 757.
Australia Unveils Its Plan to Protect Great Barrier Reef
Michelle Innissept, The New York Times
In a bid to keep the Great Barrier Reef from being reclassified by the United Nations as “in danger,” the Australian government on Monday unveiled a 35-year plan to manage risks to the reef, one of the natural wonders of the world. But conservationists warned that the plan did not go far enough.