A silver lining in today’s edition: Though Australia is (again!) backtracking, this time on renewable energy targets, corporations – and we are talking about heavy weights, since it is Walmart, DuPont and Procter & Gamble – pledge to cut the environmental impact of their food production for Walmart and laundry detergents for DuPont and P & G.
Quote of the day
“This is a government for climate skeptics run by climate skeptics. Renewable energy is working.”
Australia’s opposition leader, Bill Shorten, in theguardian.com’s story (Australia’s) Labor willing to back plan to exempt aluminum industry from RET
Nobel Prize in physics goes to inventors of environment-friendly light source
Isamu Akasaki and Hiroshi Amano of Japan and U.S. scientist Shuji Nakamura won the Nobel Prize in physics on Tuesday for the invention of blue light-emitting diodes — a new energy efficient and environment-friendly light source.
UK urges Europe’s leaders to back ambitious climate targets
Ed King, RTCC (Responding to Climate Change)
European leaders are discussing a 40% emission reduction goal based on 1990 levels, but talks are in deadlock, with a six-country coalition led by Poland holding out for more cash in return for cuts.
(Australia’s) Labor willing to back plan to exempt aluminum industry from RET
Daniel Hurst and Oliver Milman, theguardian.com
Labor has confirmed it is prepared to accept a proposal to exempt the aluminum industry from the renewable energy target.
***LB: Also in this story “The RET requires that 41,000 gigawatt hours of Australia’s energy comes from renewable sources, such as solar and wind, by 2020. Energy providers have to buy clean energy certificates to reach this goal.”
James Surowiecki, The New Yorker
During the recent U.N. Climate Summit, it was hard not to think of the quip, attributed to Charles Dudley Warner, “Everyone complains about the weather, but no one does anything about it.”
Tide turns to waste-sourced biofuel for greener wash
Most laundry detergents work to remove dirt, but in a “world first” two major companies are now adding agricultural waste to their product in a bid to cut its environmental impacts.
***LB: Also in this story “DuPont and Procter & Gamble have teamed up to use cellulosic ethanol made from agricultural waste in the Tide detergent brand in North America, with Tide Coldwater set to become the “first brand in the world to blend cellulosic ethanol in a scalable and commercial way”.
Walmart Aims to Go Greener on Food
Stephanie Strom, The New York Times
Walmart announced on Monday an initiative to reduce the environmental impact of the food it sells and to help customers improve the nutrition in their diets.
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
As DRC Emerges from Civil War, Government Seeks Funds To Protect Forests From Surging Development
Gloria Gonzalez, Ecosystem Marketplace
The forests in the Democratic Republic of the Congo (DRC) do not get nearly as much attention as those in Brazil and Indonesia, even though the DRC’s forests rank right in the middle of those countries on the list of the top three forested areas in the world.
***LB: Also in this story “The DRC holds 155 million hectares of forests, more than 50% of all of Africa’s forests, and the country’s iconic Congo Basin is second only to Brazil’s Amazon forest in size – roughly 540 million hectares – and is larger than the 90 million hectares of forests in Indonesia.”
Oil boom gives lift to methane mitigation industry
Jennifer A. Dlouhy, Fuel Fix
New and potential mandates forcing oil companies to clamp down on methane leaking from wells, valves and pipelines could be a money-maker for the growing industry built around finding and stopping that pollution.
Court lets EPA ozone rule stand
Laura Barron-Lopez and Timothy Cama, The Hill
Inaction means victory: The Supreme Court on Monday denied an industry group’s appeal of the Environmental Protection Agency’s (EPA) 2008 ground-level ozone standard.
Methane emissions on federal lands rising significantly
Timothy Cama, The Hill
Methane releases from energy production federal lands have risen dramatically in recent years, according to a report from the Center for American Progress (CAP).
Natural gas / coal
Petronas threatens 15-year delay of Canada LNG plant if no tax deal
The Malaysian Insider
Petronas said in a statement that the economics of the plant are marginal and without a favourable tax arrangement with the province of British Columbia and Canada’s federal government, it could shelve the project for a decade or more.
Occidental looks to sell North Dakota assets for $3 bln -Bloomberg
Occidental Petroleum Corp, the fourth-largest U.S. oil and gas producer by market capitalization, is looking to sell its North Dakota oil assets for as much as $3 billion as the company seeks to focus on profitable regions, Bloomberg reported on Monday.
Australia pension fund LGS drops coal assets
Jamie Smyth, Financial Times
One of Australia’s biggest public sector pension funds is to sell its holdings in coal companies, saying that climate change is an “unarguable scientific reality” and a “very real investment risk”.
California drought prompts increase in natural gas
Laura Barron-Lopez, The Hill
The state of emergency in California over its record-breaking drought has led to a decrease in the use of hydropower, shifting generation toward natural gas.
***LB: Also in this story “Before the drought, hydropower made up roughly 20 percent of California’s energy generation, the Energy Information Administration (EIA) said on Monday. Now, in the first half of 2014, hydropower has dropped to 10 percent of the state’s generation.”
Solar power market could hit 200GW milestone by year end
Jessica Shankleman, BusinessGreen
The worldwide solar power industry is set to add the equivalent of five large-scale nuclear power plants in the final quarter of 2014, potentially hitting the 200GW capacity mark by the year end, according to analysts.
West African Solar on the Rise, with $29 million Push from European Investment Bank
In an effort to boost solar in sub-Saharan Africa, the European Investment Bank (EIB) announced it will funnel EUR 23 million (US$29 million) into one of the largest solar plants that is currently planned for the region.
1MDB seeks January listing for power assets
The Malaysian Insider
1MDB has said it is seeking to raise more than US$3 billion (RM9.78 billion) in the IPO.
Electric vehicle sales charge up 50 per cent in 2014
Will Nichols, BusinessGreen
Electric cars, hybrids and other alternatively-fuelled vehicles (AFVs) are increasingly grabbing market share from traditional petrol and diesel models, new industry figures reveal.
EPA extends water consultation rule
Danny Bradbury, BusinessGreen
The Environmental Protection Agency pushed back a consultation deadline on a broad-ranging water conservation rule this week.
***LB: Also in this story “Consultation on the The Waters of the US rule, originally deadlined for Oct 20th, will now end on November 15th.”
A Gulf in Ocean Knowledge
Henry Fountain, The New York Times
Scientists probably have significantly underestimated how much the world’s oceans have warmed since the 1970s, according to a new study. The finding may force researchers to revise their gauges of some climate change effects, including the rate of sea-level rise.
Great Barrier Reef dredge approval was ‘suicide’ for reef authority
Australian Associated Press
The Great Barrier Reef Marine Park Authority “committed suicide” when it permitted millions of cubic metres of dredge spoil to be dumped near the reef, a coral reef expert says.
ClimeCo Corporation’s Environmental Commodities Footprint Expands with Executive Growth
ClimeCo Corporation, a leading Emission Reduction Credit (ERC) project developer and the largest producer of U.S. voluntary carbon credits under the Climate Action Reserve, celebrates an expansion of its environmental market brokerage platform.