Demand management initiatives likely to continue, as fire fuels energy supply fears
Source: Quartz - CDP, a British environmental nonprofit, receives data from almost 2,000 companies around the world showing what they do to fight climate change. From that, the group has compiled a list of the 187 best companiesfirms such as Apple, Samsung, and BMWinto a kind of elite (and much smaller) Fortune 500 for environmentally-conscious companies, dubbed the Climate Performance Leadership Index (CPLI), and it says those companies are outperforming the rest of the market.
Source: RTCC - The impact of Ban Ki-moons New York summit on UN efforts to curb climate change faces its first test on Monday in Bonn, where envoys from over 190 countries meet for a week of negotiations. - See more at: http://www.rtcc.org/2014/10/19/ban-summit-success-tested-as-un-envoys-meet-for-climate-talks/#sthash.1FaW4gIz.dpuf
Source: RTCC - Shipping is responsible for a billion tonnes of greenhouse gas emissions a year, a little more than Germany. Its share of global emissions fell from 3.2% in 2007 to 2.5% in 2012, according to the latest figures approved by the UNs International Maritime Organization. But with no strategy to curb emissions, they are set to rise 50-250% by 2050, depending on the rate of economic growth.
Source: RTCC - A Chinese city of 9 million people is seeking to introduce a carbon market, which would be the eighth in the country.
Source: CleanTechnica - According to the Clean Energy Pipeline, global clean energy investment jumped 11% in the third quarter of 2014 over figures a year earlier, clearing $64 billion.
Source: CleanTechnica - A recent Union of Concerned Scientists (USC) study found that America can nearly quadruple its renewable electricity in the next 15 years, reaching 23% by 2030. This comes in response to the Environmental Protection Agencys proposal that America set a modest goal of 12% renewable energy by 2030.
Source: CleanTechica - The new Indian government has delivered on its promise to enhance the solar power capacity addition targets under the ambitious National Solar Mission announcing revised guidelines for capacity allocation.
Source: The Irish Times - Delegates from all parts of the world have gathered in Bonn for the last round of negotiations on a new climate agreement prior to this years UN climate conference in Lima, Peru, which starts at the end of next month.
Source: Daily Times - OSLO: IKEA Group, the worlds biggest furniture retailer, may introduce an internal carbon emissions price to help its drive to protect the environment and create a new and better company, chief executive Peter Agnefjall said.
Source: BBC News - Investors are seeking funding from the UK government for an ambitious plan to import solar energy generated in North Africa.
Under the scheme, up to 2.5 million UK homes could be powered by Tunisian sunshine by 2018.
As Scotland starts charging for single use bags from today, BusinessGreen looks at the finer details of the waste-tackling policy
Analysis by Greenpeace's Energydesk says clean energy accounted for 40 per cent of emissions decline since 2007, compared to 30 per cent from shale
Inmotion initiative backed by npower attempts to show businesses the financial and environmental benefits of electrifying their fleets
Simon Clements of Alliance Trust Investments explores the environmental and economic challenges faced by a fast-changing auto industry
Climate Change Policy & Practice (IISD), 14 October 2014 | The UNFCCC Secretariat has published the report of an expert meeting held to discuss the information hub to be created for activities related to REDD+ (FCCC/SBI/2014/INF.13). According to the report, meeting participants concluded that a significant degree of flexibility for adjustments should be built into the hub. The experts noted that parties may wish to revise the hub as experience tracking results is gained or to link it with other information systems that may be created under the UNFCCC. The experts, who met in Bonn, Germany, on 2-3 September 2014, shared their knowledge of national and intergovermental REDD+ information portals and offered proposals for the hub, which will be created and hosted by the UNFCCC Secretariat.
By Katie Sullivan, RTCC, 13 October 2014 | From a business perspective, the issues of climate finance and carbon pricing stole the show at last month’s UN Climate Summit in New York City. The event’s centerpiece on climate finance was a formal session structured around the broad and inter-connected areas of green finance, green regulatory frameworks, and UN Green Climate Fund (GCF) pledges. As the 23 September summit wrapped up, World Bank president Jim Kim summed it up best when he remarked: “The message is clear. Investor interest in a clean future is rising.” This was evidenced by the remarkable number of wide-ranging climate finance declarations and commitments...
By Megan Darby, RTCC, 15 October 2014 | ArcelorMittal is hoarding a surplus of climate pollution permits worth almost twice its annual carbon emissions, a think-tank has revealed. With an excess of 93 million allowances, the steel and mining giant is top of Sandbag’s “carbon fatcat” leader board. These are the heavy industrial companies benefitting from a glut of cheap permits under the EU’s emissions trading system (ETS). Sandbag, which supports carbon markets in principle, for the first time called on EU policymakers to scrap the ETS if they cannot halt the bonanza. “We’ve been saying for years: ‘Fix the emissions trading scheme’,” said Sandbag director Bryony Worthington. “But sadly the incentives for investment in green growth are still not there. It has now got to the stage where the ETS is so broken we are recommending ditching it unless problems are sorted out with new laws within the next 12 months.”Baroness Worthington is due to present the report in Brussels on Wednesday.
By Alice Baghdjian and Paul Arnold, Reuters, 14 October 2014 | The integrity of the fast-growing "green bond" market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance's (ZURN.VX) investment chief told the Reuters Global Climate Change Summit. The supply of green bonds, a fixed-income security designed to raise capital for low-carbon, or green, investments, is expected to reach $40 billion this year by some estimates, four times higher than 2013. Money raised by green bonds can be used to fund projects from hydroelectric power plants to ecological farms. Investors around the world are snapping up the bonds, partly to offset the climate change risks to other assets in their portfolios.
By Joan Baxter, CIFOR Forests News Blog, 16 October 2014 | To the agro-food industry and smallholder farmers in the tropics, it’s a veritable miracle plant. To many NGOs and indigenous groups, it’s a grave threat to land rights and to the environment. So which is it? How can a single plant — the oil palm — cause such a divergence of viewpoints? These are the questions that Alain Rival and Patrice Levang tackle in their book, “Palms of controversies: Oil palm and development challenges,” newly translated into English and published online by the Center for International Forestry Research (CIFOR). “The problem,” the authors write, “is not the oil palm but the way people have chosen to exploit it.”