E&E shows its sunny personality in today’s edition, with Shell interested in solar power, advice given to India to go solar in order to bring down its carbon emissions and (in the Power section) solar power in Texas, Colorado and California. No time to bask in the applause, though, since the world is falling behind in efforts to tackle climate change and is asked by NGOs to aim for zero emissions this century.
Quote of the day
“Current pledges really put us on track for 3 degrees. This is a long way from what governments are talking about.”
Jonathan Grant, PwC, in the Reuters’ story World falls behind in efforts to tackle climate change-PwC
Foreign firms queue up to join Shenzhen carbon market
The China Emissions Exchange in Shenzhen has granted a trading license to Singapore-based broker Ginga Petroleum, with another eight foreign utilities and trading firms waiting in line.
Shell looks to solar power to lift oil output
Ed Crooks, Financial Times
In an unusual alliance of old and new energies, Royal Dutch Shell, the European oil group, and a sovereign wealth fund from Oman are leading an investment of $53m into a small solar power company that uses its renewable energy to increase crude oil production.
India should go solar to bring down carbon emissions; British envoy on climate change
British special representative on climate change Sir David King has said India should adopt the solar energy route to bring down carbon emissions, without compromising on its developmental goals. Sir King said, on a mass scale, solar energy would be economical to coal-fired thermal energy.
To be counted during Paris summit, India must cut its carbon footprint
Darryl D’Monte, Hindustan Times
Former Union environment minister Jairam Ramesh set a cat among the pigeons, in his inimitable style, at a recent national conference on climate and sustainable development at the Tata Institute of Social Sciences (TISS) in Mumbai.
Emerging economies outpace G7 on tackling climate change
Pilita Clark, Financial Times
China, India and other big emerging economies have outpaced the Group of Seven of rich nations for the first time on a closely watched measure of how countries are tackling climate change.
World leaders urged to aim for ‘zero emissions’ this century
James Murray, BusinessGreen
World leaders due to gather in New York for the latest UN climate change meeting are facing renewed calls to deliver a step change in their approach to decarbonisation, as NGOs, UN officials, and businesses prepare to unite in calling for bolder emission reduction policies.
World falls behind in efforts to tackle climate change-PwC
The world’s major economies are falling further behind every year in terms of meeting the rate of carbon emission reductions needed to stop global temperatures from rising more than 2 degrees this century, a report published on Monday showed.
Britain rises up rankings of climate-friendly generation
Pilita Clark, Financial Times
The UK has become one of the world’s most climate-friendly countries in the past year after a record 34 per cent jump in renewable energy generation – despite the Conservative party abandoning its pro-green rhetoric.
German businesses grapple with green energy costs
Jeevan Vasagar, Financial Times
Power prices paid by Germany’s Mittelstand companies have reached twice the level facing some of their US rivals, a study has shown, underlining the threat posed to the country’s competitiveness by its shift to renewable energy.
(Australia’s) Abbott government retreats on renewable energy target closure
Oliver Milman, theguardian.com
The government is edging away from the closure of the Renewable Energy Target scheme, with the education minister, Christopher Pyne, stressing his full support for the scheme amid pressure on Labor to reach a “compromise” position on the issue. http://jlne.ws/1tkxJ3Z
Intercontinental Exchange Announces Launch of 30 New Energy Contracts at ICE Futures Europe and ICE Futures U.S.
Intercontinental Exchange, the leading global network of exchanges and clearing houses, today announced the introduction of 30 new energy futures and option contracts on September 22, 2014, subject to the completion of necessary regulatory and governance processes.
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
EPA puts climate target on airlines
Timothy Cama, The Hill
The Obama administration has launched a new front in its fight against greenhouse gas emissions, choosing as its next target the $200 billion per year commercial aviation industry.
***LB: Also in this story “Airplanes emit about 2 percent of the country’s carbon dioxide, and would be the fourth pollution source to be subject to greenhouse gas regulations, after vehicles, major buildings and power plants.”
ACE Group Announces New Greenhouse Gas Emissions Reduction Goal
ACE Group announced today a new companywide goal to reduce greenhouse gas (GHG) emissions by 10% per employee from 2012 to 2020. The commitment follows the successful achievement of the company’s first emissions reduction goal, which was 8% per employee from 2006 to 2012.
***LB: Also in this story “Since 2006, the company’s GHG emissions have been reduced nearly 22% per employee.”
REDD+ versus indigenous people? Why a tribe in Panama rejected pay for their carbon-rich forests
Ruxandra Guidi, Mongabay.org
There isn’t a word or phrase in the Kuna language for “carbon trading,” and much less for something as complex as REDD+.
Natural gas / coal
Hedge Funds Cut Bullish Gas Bets as Volatility Slides
Naureen S. Malik, Bloomberg
Hedge fund bulls accelerated their withdrawal from U.S. natural gas markets as volatility and prices declined on abundant supply.
U.K. Power Plants Use More Coal With Profits Rising
Rachel Morison, Bloomberg Businessweek
Profit from U.K. coal-fed power plants is at the highest in more than five months, spurring use of the fuel to fill a gap in supply left by halts of nuclear reactors that will extend into the start of winter.
Sharp considering sale of U.S. solar energy unit
Sharp Corp is looking to sell its U.S.-based solar energy development unit Recurrent Energy, Bloomberg reported on Monday, as the Japanese firm winds down its involvement in the solar industry to focus on profitable businesses.
Solar-powered savings: How North Texans are raising the roof over generating electricity
Thomas Korosec, Dallas News
One day last May, a small fleet of green and white trucks pulled up to Betsy Evans’ East Dallas condominium. By sundown, Evans had gone solar.
***LB: Also in this story “SolarCity had 141,034 customers nationwide at the end of the second quarter, in June. Company officials say they are aiming for 1 million by 2018.”
California solar projects plan undergoing major overhaul
Carolyn Lochhead, SF Gate
With billions of dollars in federal stimulus money in hand, the Obama administration set out five years ago on a grand experiment in the California desert.
Take a shine: Solar gardens finding room to grow
Mark Jaffe, The Denver Post
The day of the solar garden — first planted in Colorado — has dawned as the number of projects and investment dollars have piled up across the nation.
***LB: Also in this story “About 30 community-based solar arrays, or gardens, have been built or are planned in Colorado, while at least 37 are slated in 17 other states, according to industry data.”
How can I drive a car with clean eco conscience?
Lucy Siegle, The Observer
It’s an essential right to be able to get from A to B. What a shame then that we can’t welcome you to the national car fleet with open arms and some hemp bunting.
Climate Change Threatens The Newest Prescription For Children: Time Outdoors
Lynne Peeples, huffingtonpost
Luisa Maria Vasquez Cruz received an unusual prescription last year from her pediatrician: Spend more time playing outside.
What legal form for the future international climate regime?
Melissa Low, Eco-business
Governments from around the world are expected to decide on a negotiating text that would form the basis of the 2015 Climate Agreement, in about four months’ time, at COP 20 in Lima, Peru.