In today’s edition, carbon prices are set to rise, as Europe wants to reduce supply. Carbon allowances slumped to as low as 2.46 euros in 2013. They might climb 28 percent to 7.50 euros by December experts say.
Quote of the day
“I doubt any government wants a carbon price at 50 euros at the moment, but above 10 euros the market starts to matter again.”
Patrick Hummel, a utilities analyst for UBS, in the Bloomberg’s story Pollution Permits to Gain 28% as EU Cuts Supply Glut
Pollution Permits to Gain 28% as EU Cuts Supply Glut
Mathew Carr and Ewa Krukowska, Bloomberg
European pollution permit prices are poised to rise as lawmakers work on a proposal to permanently cut a record supply in their system.
***LB: Also in this story “UBS AG in Zurich says prices will rise 71 percent, while Paris-based Société Générale SA expects gains of about 11 percent.”
Europe risks ‘significant’ gas shortages this winter
Peggy Hollinger, Christian Oliver and Jack Farchy, Financial Times
Europe faces a “significant risk” of gas shortages this winter if there is any disruption to Russian supplies through Ukraine, one of the continent’s leading energy executives has warned.
UK cities will exceed EU pollution limits until 2030, figures show
Adam Vaughan, The Guardian
Air pollution levels in London, Birmingham, and Leeds will exceed European limits until at least 2030, newly-published figures show.
Tepco Prepares for Storm Heading North to Fukushima
Jacob Adelman, Bloomberg
Tokyo Electric Power Co. crews prepared for strong winds and heavy rains at its wrecked Fukushima atomic plant, as the storm known as Neoguri drifted north after grazing Tokyo overnight.
Idaho inventor pushes solar panels not for roofs, but for driveways, sidewalks, highways
Nicholas K. Geranios, Associated Press
The solar panels that Idaho inventor Scott Brusaw has built aren’t meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways.
EPA chief slams New York Times
Laura Barron-Lopez, The Hill
Environmental Protection Agency chief Gina McCarthy shot back at a New York Times article that credited a prominent green group for drafting the administration’s signature climate rule.
***LB: Also in this story “In a report Monday, the Times said the Natural Resources Defense Council “heavily influenced” the framework of the rule, which mandates states cut carbon dioxide emissions from existing power plants 30 percent by 2030 from 2005 levels.”
Hot weather, climate change raise risk of painful health condition
Agata Blaszak-Boxe, CBS News
The hotter it gets, the more people seek treatment for kidney stones, according to a new study that also predicts climate change may make this painful condition even more prevalent in the future.
***LB: Also in this story “The study, published Thursday in the journal Environmental Health Perspectives, found a relationship between the number of hot days in a year and the risk of kidney stones in patients of several U.S. cities.”
Renewable fuel makes Ukraine less vulnerable
Jerry Perkins, The Des Moins Register
If Ukraine can build a renewable energy sector based on its vast agricultural production, it won’t need Russian energy and could, perhaps, protect its sovereignty to a much greater extent than it can today because of its Achilles’ heel of energy dependence.
Is Bangladesh just a climate victim? Not anymore
Saleemul Huq, International Institute for Environment and Development (IIED)
Bangladesh has become known as one of the most vulnerable countries to climate change.
***LB: Also in this story “I would argue that it is by now an out-of date-story and it’s time for a new narrative: that Bangladesh is at the forefront of tackling the adverse impacts of climate change.”
Is Shell guilty of climate ‘double think’?
Robert Kropp, GreenBiz
Much has been made of the impact of the Carbon Tracker Initiative’s 2011 report on stranded assets on the fossil fuel divestment movement that has spread throughout college campuses in the US.
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
Why Big Tech Companies Are Investing In Renewable Energy
Erin Richey, Forbes
When it was completed in 2013, the London Array was the largest offshore wind farm in the world, designed to produce a gigawatt of electricity.
(Column) Capturing CO2 emissions remains frustratingly expensive
John Kemp, Reuters
Fossil fuels will remain an indispensable part of the global energy supply for at least the next 50 years, so a means must be found to burn them without pumping carbon dioxide into the atmosphere.
Natural gas / coal
Natural Gas Pipeline Plan Creates Rift in Massachusetts
Tom Zeller, New York Times
Standing on a dirt road outside his aging barn, Walter Jaworski, a former veterinarian turned cattle rancher in this rural part of north-central Massachusetts, points south across his 200 acres of forest and pasture to a nearby tree line.
Last U.S. Coal-Fired Steamship Sails On, Aiming for a Cleaner Wake
David LaGesse, National Geographic
Passengers shouldn’t notice the changes. The beloved horns sound the same, the staterooms remain comfortable enough for a nap during the four-hour crossing, the TV lounges and restaurants are open for business.
Sheep Power at a San Antonio Solar Farm
Jim Malewitz, New York Times
The landscapers at a 45-acre solar farm northeast of downtown do not complain that they are paid only in shrubbery. After about three months, the bleating crew has kept the grounds well maintained.
Shetland wind farm to go ahead after court overturns legal challenge
The future of the 457MW Viking Energy project had looked in doubt after a judge in Edinburgh last year upheld a local campaign group’s legal challenge, which argued the decision to grant planning consent failed to pay enough regard to the European Birds Directive when considering the potential effect on the whimbrel, a rare wading bird.
An Activist Investor Helps a Solar Power Company Turn Itself Around
Michael J. de la Merced, New York Times
Two years ago, the solar power company SunEdison was in a crisis.
Litter In Oceans Now Spans Even Remotest Parts Of The World
Christian Cotroneo, The Huffington Post
Every ocean now bears witness to our waste. In a report, published in the academic journal PLOS ONE, scientists conclude for the first time that we have left our mark everywhere.
U.S. State Water Plans Are Ready for Review
Circle of Blue
Three U.S. states with anticipated water supply deficits in the coming decades reached milestones in July in their deliberations on how to meet the demands of cities, farmers, and industries.
Water Projects Dot First Budget from India’s New Government
Circle of Blue
Improvements to Delhi’s water supply system, assessments of canals that will link major rivers, solar pumps for irrigation wells, and a proposal to clean up the Ganges River are all included in the first budget from Narendra Modi, India’s newly elected prime minister.
U.N. Finds Most People Now Live in Cities
Somini Sengupta, New York Times
More than half of humanity now lives in cities, and even more will soon. The world will have to confront how to make cities more fit for human habitation.
***LB: Also in this story “Between now and 2050, India is projected to add 404 million people to its cities.”