Breaking News

JLN Environmental/Energy: IMF director Lagarde sounds warning on climate change action; Surging shale output shakes up US gas; Water Shortage Seen Worsening on Climate Change in Potsdam Study

Change is coming for climate change and energy reform catalyst Eileen Claussen, a founder 15 years ago of the Pew Center on Global Change and president of its updated version, Center for Climate and Energy Solutions or C2ES. Ms. Claussen, once with the Clinton Administration, is semi-retiring to teach and consult. Her board member, Theodore Roosevelt IV, toasts her and the group’s ability to bring business and environmental groups to the same table. Read more in our Leads section.

Also on our radar: Any links in a debt-ceiling compromise to Keystone passage. Stay tuned.

In this edition: IETA weighs in on the EU airline carbon plan and U.K. Plans to Increase Solar Power Eight-Fold by 2020.

 

Quote of the Day:

“If the EU can correct some of the shortcomings in its emissions trading system design, there is scope to find agreement [with its trading partners on keeping some international flights].”

–Daniel Rossetto, the managing director of Climate Mundial Ltd., in Bloomberg’s “EU Can Keep Airline Carbon Plan Using UN Credits, IETA Says”

Lead Stories

EU Can Keep Airline Carbon Plan Using UN Credits, IETA Says
Bloomberg
Europe may need to let airlines use United Nations credits to meet pollution caps after countries spurned the bloc’s plan to apply its carbon market to overseas flights, according to the biggest emissions trading lobby group.
http://jlne.ws/15ku64V

IMF director Lagarde sounds warning on climate change action
The Hill’s E2 Wire
Christine Lagarde, managing director of the International Monetary Fund, on Tuesday echoed Secretary of State John Kerry’s warning about the need for a concerted global effort to combat climate change.
http://jlne.ws/GLO66S

OVERNIGHT ENERGY: World Bank, IMF chiefs to promote climate action
The Hill’s E2 Wire
Also includes some energy commentary in Shutdown Update.
http://jlne.ws/1fgNSE4

Major climate group seeks new president
The Hill’s E2 Wire
Center for Climate and Energy Solutions (C2ES) President Eileen Claussen is stepping down after 15 years with the nonprofit policy advocacy group she founded.
http://jlne.ws/1fgjLwo
**RKB — You’ll recall the group was formerly called the Pew Center on Global Change and re-launched as C2ES in 2011.

U.K. Lawmakers Urge Cameron to Stick With U.K. Climate Goals
Bloomberg
The British government should stick with its goals for limiting greenhouse gas emissions even though the Treasury has criticized the ambition of the limits, a Parliament panel said.
http://jlne.ws/GJzXrE

Surging shale output shakes up US gas
Financial Times
The US natural gas market will be turned “upside down” in the next decade as surging shale production inverts the map of supply and demand, according to a leading research group.
http://jlne.ws/1bVFANV

Fund managers find responsible investing comes with big risks
Financial Times
There is a lot you can do with $34tn, for good or ill. In theory, the $34tn of assets backing the UN’s Principles for Responsible Investment should be invested to take account of environmental, social and governance factors. In practice, it is hard to see what difference the UNPRI is making to the world.
http://jlne.ws/1hzQdXs

Events

Climate Strategies Forum
Association of Climate Change Officers
October 14-17
Washington, D.C.
http://jlne.ws/14cGFtN

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco, California
http://jlne.ws/1bAKXT4

FT Global Shale Energy Summit
October 21
London
http://jlne.ws/1cemi7d

Solar Power International
October 21-24
Chicago
http://jlne.ws/184e0wa

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
climateleadershipconference.org/

Carbon

Editorial: UK carbon flaw
Financial Times
A fortnight ago Labour leader Ed Miliband wooed voters with a promise to cap gas and electricity bills, defying his insistence as energy minister that there was “no low-cost energy future”. Now, other parties are reappraising the electoral wisdom of policies that aim to force energy costs higher. According to a report in the Financial Times, one measure being questioned in coalition circles is the carbon price floor, a tax on the emissions of electricity generators that was introduced in April.
http://jlne.ws/1bF7pNY

What DIBs can learn from the carbon market
DevEx
These days there is a lot of chatter in development circles about Development Impact Bonds as a financial solution to a wide range of challenges. The aim of these bonds is to use a payment for performance model to direct the resources and innovation of the private sector toward the development goals of donors and governments.
http://jlne.ws/GFmrEX

Natural Gas/Coal/Alternative Fuels

Redbank power station in receivership
Climate Spectator
Redbank Power Station, the 151-megawatt coal-fired power station in New South Wales’ Hunter Valley, has gone into receivership after negotiations on restructuring its $192.7 million of debt broke down as Redbank’s cash flow couldn’t meet its creditors’ repayment schedule.
http://jlne.ws/17SZSHd

Shale gas firms face EU methane emissions regulation
EurActiv.com
Shale gas companies operating in Europe will soon have to monitor, log and account for methane emissions at drill sites or else face regulation, the EU’s top climate officer has said.
http://jlne.ws/18NsiSw

Power

Battery-Stored Solar Power Sparks Backlash From Utilities
Bloomberg
California’s three biggest utilities are sparring with their own customers about systems that store energy from the sun, opening another front in the battle that’s redefining the mission of electricity generators.
http://jlne.ws/19xdCK2

U.K. Plans to Increase Solar Power Eight-Fold by 2020
Bloomberg
Energy Minister Greg Barker said the U.K. can multiply its capacity to produce solar power eight-fold by 2020 in an effort to reduce reliance on fossil fuels.
http://jlne.ws/19xjNO7

Solar industry faces tougher regulation
Financial Times
Britain’s booming solar industry faces tougher regulation if it fails to be more sensitive to local communities, Greg Barker, the energy and climate change minister, has warned.
http://jlne.ws/19dxvlv

Tata Buys AES Wind Unit, DLF Sells Farm to Leap Green
Bloomberg
Tata Power Co. (TPWR), the generation business of India’s largest industrial group, will buy AES Corp. (AES)’s local wind business to boost wind capacity 10 percent.
http://jlne.ws/1ajlye8

Recurrent Sells Ontario Solar Plants to MetLife and Fiera Axium
Bloomberg
Recurrent Energy, a solar developer owned by Sharp Corp. (6753), agreed to sell eight plants it’s building in Ontario, Canada, to MetLife Inc. (MET) and Fiera Axium Infrastructure Inc. for an undisclosed amount.
http://jlne.ws/15Yp7E8

Earthmill wind turbine group attracts £4.1m from Connection Capital
Financial Times
A wind turbine installation company set up four years ago with the proceeds of a redundancy cheque has been valued at 10m sterling by a private equity group.
http://jlne.ws/1gnBLEe

Blow to nuclear projects as Brussels drops plan for subsidy rules
Financial Times
Nuclear power projects in Europe face a legally uncertain future after Brussels heeded German concerns and ditched plans to issue specific guidelines on permitted state subsidies.
http://jlne.ws/15kDm9e

NZ green energy giant to list in Australia
Climate Spectator
New Zealand’s Meridian Energy will list on the Australian stock exchange as the NZ government sells its 49 per cent stake in the nation’s top energy provider, The Australian Financial Review reports.
http://jlne.ws/15TDbUD

Water

Water Shortage Seen Worsening on Climate Change in Potsdam Study
Bloomberg
Water scarcity will increase around the world due to climate change, with more than 500 million people affected if mean global warming is limited to 2 degrees Celsius (3.6 degrees Fahrenheit), based on modeling studies by the Potsdam Institute for Climate Impact Research, or PIK.
http://jlne.ws/1fg5Fep

Suez Creates Agbar Venture to Manage Barcelona Waters
Bloomberg
Suez Environnement (SEV), the second-biggest water company in Europe, created a joint venture through its Agbar unit to manage Barcelona’s water supplies and waste for the next 35 years.
http://jlne.ws/19f1qvn

Reports

Global 500 Climate Change Report 2013 (Posted September 12, 2013)
CDP
http://jlne.ws/16mBo8p

The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
http://jlne.ws/14Bk1k2

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
http://jlne.ws/19LKChs

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://jlne.ws/12z1YK5

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank
http://jlne.ws/14KrLza

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
IEA
http://jlne.ws/12Bpk41

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace
http://jlne.ws/12Cyi0X

View all reports >

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About Author

Koning Beals is a contributing editor to JLN Environmental/Energy.