In today’s edition, fightin words out of India, in Bloomberg’s EU Carbon Market Main Hurdle to Aviation Deal, India Says. Plus, Poland pits itself against EU climate promises, reports Reuters. The Hill says Senators to huddle on path forward for stalled energy efficiency bill.
Quote of the Day:
“Climate change is every bit as big a risk to our economy as it is to the environment. With any complex issue, we can never know with certainty what the timing and the impact will be, but we know from the data that the climate risk is very real. If we quantify its economic impact, I think that will be a catalyst for action.”
–Former U.S. Treasury Secretary and Goldman Sachs Chairman Hank Paulson in Bloomberg’s “Climate Change Rescue in U.S. Makes Steyer Converge With Paulson”
Climate Change Rescue in U.S. Makes Steyer Converge With Paulson
Billionaire Tom Steyer recalls a dinner at the U.S. Treasury in Washington with two senior department officials and six money managers. It was August 2012, and the meal was part of an effort by the agency to keep up with what the financial community was worrying about. The diners discussed China’s slowdown, Federal Reserve policy and other trends affecting the U.S. economy.
**RKB — Sneak peek at an article to appear in November Bloomberg Magazine. As The Hill, writing about the magazine article notes, we now get some details on the goal of the new Tom Steyer-Hank Paulson-Michael Bloomberg climate initiative: make the case that failing to act on global warming is far more expensive than cutting emissions.
America within reach of her emissions pledge
With full implementation of the US President Barack Obama’s climate action plan – and a little bit of luck – America can hit Obama’s 2020 goal for reducing greenhouse gas emissions. That’s the takeaway from the 2014 US Climate Action Report just published by the White House.
**RKB — Report below.
2014 U.S. Climate Action Report
U.S. State Department
EU Carbon Market Main Hurdle to Aviation Deal, India Says
The European Union’s plan to keep its curbs on pollution from airlines is the main hindrance to an international agreement on a carbon market for the industry, according to a senior Indian official.
Poland pits itself against EU climate promises
European ministers are sharply divided over proposed promises on carbon cuts as part of U.N. negotiations, a draft document shows, with Poland at the forefront of opposition.
Brazil’s Odebrecht plans $8.1 billion landmark investment in Mexico
Brazilian conglomerate Odebrecht plans to spend $8.1 billion in Mexico in the next five years in what appears to mark the biggest investment pledge yet from a Brazilian firm in Latin America’s No. 2 economy.
**RKB — Odebrecht, one of Latin America’s biggest family-owned companies, will invest in petrochemicals, renewable energy, ethanol and sugar production and highway concessions, according to a statement on Tuesday from Mexico’s president.
Farmers need to ‘wake up on climate’
A leading Australian climate scientist says farmers need to consider their vulnerability to climate changed in the wake of the latest IPCC assessment report, the ABC reports.
Gillard defends Labor carbon scheme
If nine out of 10 doctors said unless you underwent chemotherapy you were going to die, what would you do? That’s how former prime minister Julia Gillard tried explaining the importance of pricing carbon to individuals when it came to fighting climate change.
Greg Barker calls for ‘explosion of choice’ in UK energy market
Britain should have an energy market with a “Big 60,000” suppliers instead of today’s domination by the “Bg Six”, to encourage greater competition and dynamism, the energy and climate change minister Greg Barker has said.
Senators to huddle on path forward for stalled energy efficiency bill
The Hill’s E2 Wire
Sen. Jeanne Shaheen (D-N.H.) said Tuesday that a bipartisan group of senators will huddle this week to try and revive her stalled energy efficiency legislation that was recently knocked off the Senate floor.
Climate Strategies Forum
Association of Climate Change Officers
Verge: Where Tech Meets Sustainability
San Francisco, California
FT Global Shale Energy Summit
Solar Power International
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Natural Gas/Coal/Alternative Fuels
Gazprom: enjoying the European gas bounce, while it lasts
Russian gas exports to Europe jumped by 25 per cent in September, continuing a year-on-year rally that has been supporting sentiment towards Gazprom’s stock. While investors in Gazprom can expect fatter dividends this year on the back of rising export earnings, there’s a risk that the surge in European demand for Russian gas will be short-lived.
China Wants to Cut Down on Coal—And That’s Bad for Global Warming
The current plan to address one of China’s pressing environmental crises—polluted urban air—could have the unintended effect of creating other ecological catastrophes in China and beyond.
Has the natural gas boom been too big for producers?
Royal Dutch Shell is going to sell its stake in the Eagle Ford Shale formation; 106,000 acres on top of oil and natural gas reserves. It’s a story that sounds a lot like a country-music song.
Exploding Fuel Tankers Driving U.S. Army to Solar Power
The U.S. Army is spending billions of dollars shifting toward solar energy, recycled water and better-insulated tents. The effort isn’t about saving the Earth.
Obama Nominee Binz Withdraws From Consideration for FERC
President Barack Obama’s choice to lead the U.S. Federal Energy Regulatory Commission dropped out after opposition from Republicans and a key Democrat concerned he would support renewable energy at the expense of coal all but doomed his nomination.
India May Announce 750-Megawatt Solar Auction in October
India may announce this month an auction of licenses to build solar-power plants after a gap of almost two years, offering developers as much as 3 billion rupees ($48 million) of direct grants for the first time.
EON Opens 48-Megawatt Wind Farm in Swedish Baltic Sea Waters
EON SE, Germany’s largest utility, opened a Baltic Sea wind farm equipped with Vestas Wind Systems A/S (VWS) turbines.
Mitsui Fudosan to Build 6MW Solar Power Plant in Southern Japan
Mitsui Fudosan Co. (8801), a Japanese property developer, will build a 6-megawatt solar power plant in Fukuoka prefecture in southern Japan.
Romania’s Secom Seeks Water Bids for Infrastructure Works
Secom SA, a Romanian water utility, is seeking bids for a 120.5 million-lei ($37 million) contract to modernize sewage and water-supply networks in the southwestern county of Mehedinti.
Egypt Gets Wastewater Plant Expansion Loans from EU Lending Arm
A wastewater project that consists of building two treatment plants, expanding three and almost 700 kilometers (435 miles) of sewers in the northern delta part of the Nile River’s western branch will receive European Investment Bank funding.
Global 500 Climate Change Report 2013 (Posted September 12, 2013)
The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)