Summary:

In this edition, RGGI Investments Cut 12m Tons of CO2, says report from participants. And, from Doha: China, Brazil Call for $100 Billion Climate Aid Roadmap, says Bloomberg.

Quote of the Day:

“I would suggest those who don’t follow what the U.S. is doing may not be informed of the scale and extent of the effort, but it’s enormous. It doesn’t mean enough is being done. It’s clear the global community, and that includes us, has to do more if we are going to succeed at avoiding the damages projected in a warming world. It is not to say we haven’t acted. We have and we have acted with enormous urgency and singular purpose.”

–U.S. Doha delegate Jonathan Pershing in AP’s “US defends ‘enormous’ climate efforts at UN talk”

Lead Stories

RGGI Investments Cut 12m Tons of CO2
Investments made between 2009 and 2011 using proceeds from the allowance auctions of The Regional Greenhouse Gas Initiative – a cap-and-trade system for power plants in certain northeast and mid-Atlantic states – will help avoid the emission of 12 million short tons of carbon dioxide pollution, according to a report released by the states participating in the program.
http://jlne.ws/TltouI

THE REPORT:
Regional Investment of RGGI CO2 Allowance Proceeds, 2011
http://jlne.ws/Y2CJzg

US defends ‘enormous’ climate efforts at UN talk
AP
Anticipating an onslaught of criticism from poor nations, the United States claimed “enormous” strides in reducing greenhouse emissions at the opening of U.N. climate talks Monday, despite failing to join other industrialized nations in committing to binding cuts.
http://jlne.ws/Ts3x86

China, Brazil Call for $100 Billion Climate Aid Roadmap
Bloomberg
China and Brazil called for developed nations to detail plans on boosting aid for climate projects to $100 billion by 2020, a measure they say is essential for United Nations climate talks to succeed.
http://jlne.ws/Scdvsb

How the myth of oil abundance impedes progress on climate change            
Christian Science Monitor Guest Blog
It is poor strategy to reinforce the myth of fossil fuel abundance when doing so actually makes many people less open to such an argument, Cobb writes.
http://jlne.ws/V0Z8VX

COLUMN-German power generation moving against utilities: Wynn
Reuters
A shift towards renewable power in Germany is seeing ownership of generating assets move to households, farmers and small businesses, away from utilities which are losing out on the advantages of wind and solar in a continuing trend.
http://jlne.ws/YoKxKw

German renewable energy drive brings emissions cuts success
The Guardian
Germany has reduced its greenhouse gas emissions significantly in recent years as it has pushed forward a renewable agenda leading Europe into an age of wind and solar power.
http://jlne.ws/QKmm7i

Looking to Cities, in Search of Global Warming’s Silver Lining
The New York Times
Heat, carbon dioxide and air pollution are already having significant effects on trees, plants and crops, and for most plant scientists, the debate over climate change ended long before the arrival of extreme weather like Hurricane Sandy.
http://jlne.ws/10RXH2o

UN climate scientist: Sandy no coincidence
AP
Though it’s tricky to link a single weather event to climate change, Hurricane Sandy was “probably not a coincidence” but an example of the extreme weather events that are likely to strike the U.S. more often as the world gets warmer, the U.N. climate panel’s No. 2 scientist said Tuesday.
http://jlne.ws/SoUl3u

The World Bank And UN-REDD: Big Names, Narrow Focus
Ecosystem Marketplace
When Ghanaian businessmen John Addaquay applied to his country’s Forestry Commission for seed money to get the Vicdoris REDD Project off the ground, he thought the money would be coming from the World Bank’s Forest Carbon Partnership Facility (FCPF). After all, the FCPF had just awarded $3.4 million to the Commission to develop REDD readiness, and his project would be testing new methods that could help scores of other project developers move forward across Africa.
http://jlne.ws/V112pt

How sustainable investors impact industries and corporate policies
GreenBiz.com
The 2012 Report on Sustainable and Responsible Investing Trends in the United States, released last week by U.S. SIF, is the sustainable, responsible, and impact (SRI) investment industry’s primary barometer of the both the growth of professionally managed values-based and community development investments and the important environmental, social and governance (ESG) issues of our time.
http://jlne.ws/UqQ5kW

THE REPORT:
2012 Report on Sustainable and Responsible Investing Trends in the US
The Forum for Sustainable and Responsible Investment
http://jlne.ws/TsQlPs

Events

Doha Climate Change Conference
United Nations Framework Convention on Climate Change
Nov. 26-Dec. 7, 2012
http://jlne.ws/Txxpzj

2013 Climate Leadership Conference
Washington D.C.
February 27-March 1, 2013
climateleadershipconference.org

Carbon

Australian-EU ETS link becomes law
Argus
Australia’s upper house of parliament the Senate yesterday passed legislation linking the country’s proposed emissions trading scheme (ETS) with its EU equivalent from July 2015.
http://jlne.ws/Tk5K22

Obama shields U.S. airlines from EU carbon fees
Reuters
President Barack Obama signed a bill on Tuesday shielding U.S. airlines from paying for each ton of carbon their planes emit flying into and out of Europe, despite a recent move by Europe to suspend its proposed measure for one year.
http://jlne.ws/VcnXnL

Natural Gas/Coal

National Grid to invest $40 million in Clean Line Energy
Reuters
Power and natural gas distributor National Grid will invest $40 million in Clean Line Energy Partners LLC, a Houston-based developer of high-voltage transmission lines designed to move large amounts of renewable power to U.S. markets, the companies said on Tuesday.
http://jlne.ws/10S6EbZ
**repeats in Power section

Australia resource investment pipeline slowing, costs rising
Reuters
Investment committed to Australian resource projects has risen a record $281 billion, but the project pipeline is slowing and development costs are rising in an industry that has so far shielded Australia from global economic downturn.
http://jlne.ws/118unE0

Power

U.K.’s Vivergo Says Its Ethanol Production Start Is Imminent
Bloomberg
Vivergo Fuels, set to become the U.K.’s largest ethanol maker, will start production at its plant in northeast England imminently, the company said.
http://jlne.ws/SoV5G6

OriginOil Rises on Deal to Use Algae at Oil-Sands Projects
Bloomberg
OriginOil Inc. (OOIL), a Los Angeles-based biofuel developer, gained the most in more than three weeks on a deal to use its specialized algae to treat wastewater from Canadian oil-sands projects.
http://jlne.ws/YoHIcl

National Grid to invest $40 million in Clean Line Energy
Reuters
Power and natural gas distributor National Grid will invest $40 million in Clean Line Energy Partners LLC, a Houston-based developer of high-voltage transmission lines designed to move large amounts of renewable power to U.S. markets, the companies said on Tuesday.
http://jlne.ws/10S6EbZ
**repeats in Natural Gas section

EU Commission backs controversial sustainable palm oil scheme
Reuters
The European Commission has approved a scheme that would certify as sustainable transport fuel made from palm oil, condemned by environmental groups as one of the most damaging sources of biodiesel.
http://jlne.ws/RhqmMA

Water

Shanghai Electric, Samsung Get $3 Billion Saudi Water Contract
Bloomberg
A group of companies led by Shanghai Electric Group Co. (2727) and Samsung Engineering Co. (028050) won a 11.3 billion-riyal ($3 billion) contract to build a desalination plant on the Red Sea coast in Saudi Arabia.
http://jlne.ws/ScdHYl

VA Tech Secures Plant Construction Order From Bangalore Water
Bloomberg
VA Tech Wabag Ltd. (VATW) said the Indian water and wastewater management company won a seven-year, $39 million plant construction, operation and maintenance order from the Bangalore Water Supply and Sewerage Board.
http://jlne.ws/UaDY9h

Reports

Regional Investment of RGGI CO2 Allowance Proceeds, 2011 (Posted Nov. 27, 2012)
http://jlne.ws/Y2CJzg

2012 Report on Sustainable and Responsible Investing Trends in the US (Posted Nov. 27, 2012)
The Forum for Sustainable and Responsible Investment
http://jlne.ws/TsQlPs

Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
World Bank
http://jlne.ws/RQylgD

Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication
http://jlne.ws/T4XcdE

The EU Emissions Trading System (Posted Oct. 17, 2012)
Environmental Defense Fund
http://jlne.ws/R5RSKM

Energy Water Nexus: Coordinated Federal Approach Needed to Better Manage Energy and Water Tradeoffs (Posted Oct. 17, 2012)
GAO
http://jlne.ws/T2epJe

Carbon Markets and Carbon Policy in China (Posted Oct. 15, 2012)
The Climate Institute/Climate Bridge
http://jlne.ws/T2mHma

View all reports >

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