In today’s edition, a story that might develop, that of the World Bank giving more than $50bn annually for large power, mining, transport and farming projects, despite safeguards. And also, after much booing, a nice initiative from down under: Australia has issued the first carbon offsetting units to be sold directly to the public. And finally, China will be helped by IBM to monitor its pollution.
Quote of the day
“This is the first reforestation project to be issued carbon credits that can be on-sold to people and businesses wishing to offset their own emissions.”
Greenfleet chief executive Wayne Wescott, in the Climate Spectator’s story Not-for-profit first to offer reforestation credits to public
Not-for-profit first to offer reforestation credits to public
John Conroy, Climate Spectator
The Clean Energy Regulator has issued the first Australian carbon credit units (ACCUs) for a reforestation project available for on-selling to the general public. The ACCUs were produced by not-for-profit offsetting organisation Greenfleet.
World Bank email leaks reveal internal row over ‘light touch’ $50bn loans
John Vidal, The Observer
Environmentalists and human rights campaigners have sounded the alarm at radical plans to ease conditions for World Bank loans, enabling more than $50bn (£29bn) of public money a year to be made available for large power, mining, transport and farming projects.
***LB: Also in this story “Strong safeguards and conditions on its loans and guarantees were put in place after a series of environmentally destructive projects in the 1980s and 1990s such as the Narmada dam in India and the resettlement of hundreds of thousands of people to make way for palm plantations in Indonesia.”
IBM Will Help Beijing Monitor Pollution
IBM announced an agreement on Monday with the city of Beijing to use advanced weather forecasting and cloud computing technologies to help tackle the Chinese capital’s persistent smog.
China starts new multibillion-dollar power line
China has started operating another multibillion-dollar ultra-high voltage (UHV) power line, connecting its second-largest hydropower plant in the landlocked west to a province on the east coast, the official China Energy News reported on Monday.
Clean energy takes centre stage in China as national interests evolve
David Fullbrook, South China Morning Post
Energy policy in China has reached a turning point. Clean energy, recent comments and actions suggest, is moving centre stage in response to shifting national interests and global responsibilities.
China Now The World’s Largest Solar PV Market
James Ayre, Clean Technica
China is now the world’s largest solar PV market, according to the Global New Energy Development Report 2014, having now surpassed Germany to take the top spot.
Graph of the Day: Renewables jump to 31% in Germany
Giles Parkinson, Reneweconomy
Mild weather and record production from wind and solar has lifted the share of renewable energy in Germany to 31 per cent of production for the first half of 2014.
Don’t axe the tax: emissions trading supporters make last-ditch plea
Lenore Taylor and Daniel Hurst, theguardian.com
Supporters of emissions trading are making a last-ditch plea to the Senate not to repeal Australia’s laws – citing new analysis that shows “axing the tax” will cost the budget almost $20bn over the next four years and a letter from 59 leading economists insisting a carbon price is the best way to reduce emissions.
Misconceptions helped kill Australian carbon tax
In 2007, Australians were ready to do something to combat climate change, even if it was expensive.
Report: Climate change policies ‘can increase UK competitiveness’
Will Nichols, BusinessGreen
The UK’s climate change policies have not damaged business competitiveness, leading economists will say today.
***LB: Also in this story “A new report by Samuela Bassi and Dimitri Zenghelis of the Grantham Research Institute will argue that climate change policies have not hampered the performance of the UK’s economy, and that these same policies can increase the competitiveness of the UK in the long term by encouraging greater innovation and efficiency.”
Ratings agency says UK energy crunch will be temporary
Terry Macalister, theguardian.com
The wholesale price of electricity should remain flat and could even fall, according to new research from the rating agency Moody’s which will be welcomed by government and consumers.
Rosneft eyes new projects in strategic shift
Jack Farchy, Financial Times
Rosneft will shift its focus from acquisitions to new projects after a period of aggressive dealmaking that has transformed the Russian energy industry, as the country’s economy is hit by US and European sanctions.
Energy Department announces $4 billion renewable energy loan program
The U.S. Department of Energy announced Thursday a new $4 billion loan guarantee program to support renewable energy and energy efficiency projects.
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
Carbon emissions above 400 ppm for third straight month
Ned Resnikoff, msnbc
Last May, the amount of carbon dioxide in Earth’s atmosphere surpassed 400 parts per million (ppm) for the first time in the history of the human species, a reflection of how much pollution continues to be pumped into the atmosphere.
Taking Oil Industry Cue, Environmentalists Drew Emissions Blueprint
Coral Davenport, New York Times
In November 2010, three combatants gathered in a sleek office here to build a carbon emissions policy that they hoped to sell to the Obama administration.
Looking at the Benefits of Putting an Internal Price on Carbon
Karen Clarke-Whistler, TD Bank Group website
How does our internal carbon pricing work? We calculate the cost of the RECs and carbon offsets on an annual basis and charge them back to our business groups based on the relative contribution of those groups to our overall carbon emissions.
Diva Coffee: 100% Carbon Offset ECO Coffee
When Jim Storey started Diva Coffee, he
believed that through business he could make the world a better place.
California rice farmers could get pollution credit
Edward Ortiz, Sacramento Bee
California’s evolving cap-and-trade market may soon have a new player: rice farmers.
Carbon capture: Pipe dreams
For more than 30 years Peterhead power station has churned out electricity from a windswept spot on the north-east coast of Scotland.
Natural gas / coal
Improving the odds: why shale really is revolutionary
John Kemp, Reuters (Column)
Exploring for oil and gas is like gambling: it’s all about playing probabilities, and using technology and skill to improve the odds.
Coal poised for rare win over Obama
Kevin Cirilli, The Hill
The coal industry is poised to score a rare victory over the Obama administration in the fight over the Export-Import Bank.
***LB: Also in this story “Both of the working proposals in the House and Senate to renew the bank’s charter would reverse Ex-Im guidelines that prevent financing for overseas power plants that decline to adopt greener technology.”
Controversy spreads over Everglades oil drilling
William E. Gibson, Sun Sentinel
Alarmed by the spread of oil drilling in the Everglades, environmental activists and some lawmakers are pressing for stricter regulation of the energy industry and a state ban on new fracking-like techniques that blast open oil deposits near Florida’s aquifers.
Spain’s gas companies see reform hitting revenue
Jose Elías Rodríguez, Reuters
Spanish gas grid operator Enagas and utility Gas Natural said on Monday gas sector reform announced by the government would initially hit revenues but have a limited effect on profits in the medium term.
Germany relaxes opposition to fracking
Jeevan Vasagar, Financial Times
Germany is to relax its outright opposition to fracking by allowing field trials of the controversial technology in a step towards tapping the country’s vast reserves of shale gas.
British Gas forced to pay out £1m for mis-selling energy deals
Lisa Bachelor, The Guardian
British Gas has been forced to pay out £1m to customers after mis-selling energy deals to thousands of shoppers in Sainsbury’s stores nationwide and the Westfield shopping centre in Shepherd’s Bush, London.
Even if coal were free, it couldn’t compete with solar
Giles Parkinson, Reneweconomy
Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day.
India Plans World’s Largest Floating Solar Power Project (50 MW)
Mridul Chadha, Clean Technica
After canal-top solar power projects, India is planning to install the world’s largest floating solar power project.
Fuel cell specialist completes London floatation that values the company at £639m
Intelligent Energy has pulled off one of the UK’s biggest ever clean tech IPOs, raising around £55m on Friday in a floatation that valued the fuel cell specialist at £639m.
Is volatile fuel used in racing cars a new power source for ships?
Keith Wallis, Reuters
Methanol, a fuel used to power light aircraft and racing cars, is being tried out as alternative for ships, highlighting its potential in an industry under pressure to cut emissions.
As drought persists, frustration mounts over secrecy of California’s well drilling logs
Tom Knudson, Modesto Bee
Inside a government warehouse along a noisy freeway in West Sacramento is a set of metal shelves holding more than 100 carefully labeled cardboard boxes.
(Video) California’s Extreme Drought, Explained
Carrie Halperin and Sean Patrick Farrell, New York Times
The state is experiencing the worst drought in its history. Find out just how bad the situation is getting and what it means for you.
What Role for Nuclear Power in Japan’s Future?
Christopher Hobson, The Asia-Pacific Journal
Japan is still struggling to deal with the hugely complex ramifications of the nuclear accident at Fukushima Dai-ichi.
Barbados Beaches: Caribbean Island Is Going Green, People Are Taking Notice
Chaka Phillips, Latin Post
The little island located in the Caribbean known as Barbados, is making big waves in the world of green energy.
BBC To Cut Air Time For Climate Change Skeptics
The Daily Caller
It will soon become more difficult for climate change skeptics to disagree with the consensus view on programs aired by the British Broadcasting Corporation (BBC).
Whalers tale sheds new light on Arctic ice
Tim Radford, Climate News Network
British whaling ships from Tyneside in the north-east of England made 458 trips to the edge of the Arctic ice between 1750 and 1850.
Carbon-Collecting Iron Traced to Dusty Sahara Desert
Jenna Iacurci, Nature World News
Iron, though present in minuscule amounts in seawater, is a major player in the ocean’s carbon cycle.
Caribbean Coral Reefs May Disappear Within 20 Years: Report
In 20 years’ time, most of the Caribbean coral reefs may disappear, since what is left of them currently does not exceed one-sixth of the original coral cover, according to a report published by the United Nations Environment Program (UNEP).