Summary

In today’s edition, markets have the upper hand. MSCI launched new indexes excluding companies that own oil, gas and coal reserves, while Dow Chemical calls for less intervention by regulators in the carbon market. And let’s watch the “divest-invest” movement – getting out of fossil energies to invest in renewables – it is picking up. 

Quote of the day

“Constant political interventions in the market dilutes the credibility, which in turn reduces the broader use of effective market approaches by other countries.”

Russell Mills, director of energy and climate policy at Dow Chemical Co., the biggest U.S. chemicals maker, in the Bloomberg’s story Dow Says World Carbon Market Needs Less Intervention to Work

Lead stories 

MSCI unveils fossil-fuel free indexes
BusinessGreen
MSCI has launched a number of new indexes excluding companies that own oil, gas, and coal reserves in a move designed to aid those investors seeking to reduce the carbon intensity of their portfolios.
http://jlne.ws/1nrMq7k

Fossil fuel industry supported by a ‘toxic triangle’ that puts 400 million at risk 
Clar Ni Chonghaile, theguardian.com
Political inertia, financial short-termism and vested fossil fuel interests have formed a “toxic triangle” that threatens to push up global temperatures, putting 400 million people at risk of hunger and drought by 2060, Oxfam said on Friday, a week before a European Union summit to finalise a new climate and energy policy framework. 
http://jlne.ws/1wOT4Eh

Dow Says World Carbon Market Needs Less Intervention to Work
Mathew Carr, Bloomberg
The world’s first global carbon market will need less intervention by regulators to succeed, Dow Chemical Co. said. 
http://jlne.ws/1yJbwCT 
***LB: Also in this story “Politicians must avoid earlier missteps in Europe that included bans on imported carbon credits and a temporary cut of permits to curb a glut.”

U.S. considers climate change plan that would mandate emission cuts 
Neela Banerjee, Los Angeles Times
The United States is considering a proposal to combat climate change that would require countries to offer plans for curtailing greenhouse gas emissions on a certain schedule but would leave it to individual nations to determine how deep their cuts would be, said Todd Stern, the nation’s chief climate negotiator.
http://jlne.ws/1sPafGD

Fighting Climate Change Brings Benefits To The Bottom Line
Mike Scott, Forbes
From A for Apple AAPL -1.29% to Z for Zurich Insurance, companies that are doing most to tackle climate change are also financially outperforming their peers, new research suggests.
http://jlne.ws/1vDbbQL

Limited impact on decadal-scale climate change from increased use of natural gas 
Haewon McJeon, Nature
The most important energy development of the past decade has been the wide deployment of hydraulic fracturing technologies that enable the production of previously uneconomic shale gas resources in North America1.
http://jlne.ws/1CumXvN

EU Energy Chief Hopeful of Ukraine Gas Deal 
AP
The European Union’s top energy official says he’s cautiously optimistic about chances of a deal to secure gas supplies this winter for Ukraine and Europe as he prepares for new talks with Kiev and Moscow.
http://jlne.ws/1wd0Urn

Whole Foods launches environmental ratings for its produce
BusinessGreen
Whole Foods has rolled out a green ratings system labelling fresh fruits, vegetables and flowers as “good,” “better” or “best” based on their water use, energy consumption, and use of chemicals.
http://jlne.ws/1wgbqjA

France to Build 8 Nuclear Reactors in South Africa 
Esther Tanquintic-Misa, International Business Times 
France is set to construct eight nuclear reactors in South Africa after signing a $US50 billion ($A54.10 billion) agreement early this week.
http://jlne.ws/1F9LUk3

Has Lockheed Martin really made a breakthrough in nuclear fusion technology? 
Karl Mathiesen, theguardian.com
Scientists have responded with skepticism to the announcement of a breakthrough in nuclear fusion by Lockheed Martin. 
http://jlne.ws/1sWIE6O

Events 

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
http://jlne.ws/1qaR5eE

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 
London, UK 
http://jlne.ws/1n34Gif 

Carbon 

Texas Plant to Capture, and Then Reuse, Carbon
Matthew L. Waldcot, The New York Times  
Amid the calls to capture carbon to save the climate, a Texas company is preparing to do that job for profit.
http://jlne.ws/1sPb1ne

Forest Carbon Offsets For Sale: To You And Me
Gloria Gonzalez, Ecosystem Marketplace
More than 400,000 people took part in the People’s Climate March in New York City last week – the ultimate call to arms demanding government and business leaders take action to address climate change. But many of these marchers are not just sitting around and waiting for others to act. 
http://jlne.ws/11AEmaK

Countering Illegal And Unsustainable Activities With REDD+ In Panama 
Ecosystem Marketplace
Between 1992 and 2008, nearly 900,000 hectares of Panama’s forest were deforested. The land was cleared for development or converted into pastureland.
http://jlne.ws/1wd1JRd

This New Study Explains Why Fracking Won’t Solve Climate Change
Tim McDonnell, Mother Jones
For President Obama, fracking is a key weapon against global warming. Abundant natural gas, he said in his State of the Union address this year, is a “bridge fuel” to ubiquitous renewable energy—the key to securing economic growth “with less of the carbon pollution that causes climate change.”
http://jlne.ws/Zx9beN

Natural gas / coal

Australians divided over coal policy
Jamie Smyth, Financial Times
Until recently they were thriving coastal communities. But rising sea levels and erosion, which authorities blame on climate change, this year forced the relocation of the villages of Vunidogoloa and Narikoso in Fiji, creating almost 300 climate refugees. 
http://jlne.ws/1nrO3Su

For $20 Million, a Coal Utility Bought an Ohio Town and a Clear Conscience
Richard Martin, The Atlantic 
Scotty Lucas is the former mayor of a town that no longer exists.
http://jlne.ws/11Azliq
***LB: Also in this story “This riverside village became briefly famous in 2002, when American Electric Power, the utility that operates two large coal-fired power plants here, bought it for $20 million—a deal the company preferred over dealing with residents’ ongoing complaints about air pollution.”

Power

Solar Companies Sliding on `Psychological’ Link to Crude
Christopher Martin, Bloomberg News
Plunging oil prices are shifting investor sentiment away from renewable power and helping pull down shares for solar companies, said Gordon Johnson, an analyst at Axiom Capital Management in New York.
http://jlne.ws/1zeF10C

Energy regulator investigating polar vortex impact on grid
Laura Barron-Lopez, The Hill
The top energy regulator for the U.S. is in the early stages of investigating the impacts of last year’s harsh winter on the nation’s electric grid.
http://jlne.ws/1sWHcRS

Feds: Polar vortex ‘unlikely’ this winter
Laura Barron-Lopez, The Hill
Don’t expect the polar vortex that left much the U.S. under blankets of snow last winter to return this year, federal officials said.
http://jlne.ws/1sWHich

Solar power leaders back EPA climate rule
Timothy Cama, The Hill
Business leaders in the solar power industry have endorsed the Environmental Protection Agency’s carbon rule proposal for power plants.
http://jlne.ws/1ueL0Kx

Solarcentury reveals how it is planning to make solar farms even greener
BusinessGreen
Solarcentury is building a 48MW solar farm it says will set new environmental standards for the industry.
http://jlne.ws/1DhtKuW

UK eyes five new interconnectors in bid to boost energy security
Will Nichols, BusinessGreen
Five new electricity connections between the UK and France, Ireland, and Scandinavia could be built by the end of the decade, after the proposed projects were yesterday shortlisted by Ofgem.
http://jlne.ws/1wOOjKW 

Miscellaneous

Innovation in, lycra out: what Copenhagen can teach us about cycling 
Mikael Colville-Andersen, theguardian.com
Copenhagen remains the benchmark as cities around the world try to figure out how to take the bicycle seriously as a mode of transport again, and enable this 19th-century invention to solve 21st-century urban challenges.
http://jlne.ws/1wOSJSd

 

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