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Tony Abbott says 'coal is good for humanity' while opening mine

UNFCCC headlines - Mon, 10/13/2014 - 09:09
Source: The Guardian - Tony Abbott has declared “coal is good for humanity” while opening a coalmine in Queensland. The prime minister, who describes himself as a conservationist, said coal was vital to the world and that fossil fuel should not be demonised.
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Schwarzenegger Pushes for Action at Paris Climate Meeting

UNFCCC headlines - Mon, 10/13/2014 - 09:09
Source: VOA - Paris wrapped up the first-ever summit on regional efforts to cut greenhouse gas emissions, with new pledges to combat climate change a year ahead of a key U.N. summit. Former California governor Arnold Schwarzenegger presided over the regional conference.
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Peru: World can't allow COP20 meet in Lima to end in failure

UNFCCC headlines - Mon, 10/13/2014 - 08:49
Source: EFE - The international community "cannot allow" the 20th session of the U.N. Conference of the Parties on Climate Change - scheduled for December in Lima - to end in failure, the advisor to the Peruvian government for that summit told Efe
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How International Lawsuits Could Punish Carbon Emitters Even If Governments Don’t

UNFCCC headlines - Mon, 10/13/2014 - 08:49
Source: Think Progress - ourtrooms could be the next battlefield in the fight against climate change, according to a new report out of Canada. The paper, put out Thursday by the Canadian Centre for Policy Alternatives and West Coast Environmental Law, argues that climate science has advanced enough that current and future damages from climate change could start being divvied up amongst various polluters and companies in fossil fuels. When combined with the workings of international litigation, it opens up the possibility of legal liability for those entities — and not just in their home countries, but in any country where damages from climate change are felt.
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Americans Can Save More Money by Not Burning It: Study

UNFCCC headlines - Mon, 10/13/2014 - 08:49
Source: Bloomberg - Climate change policy is often assumed to be a lose-lose proposition. Nations can pay now for expensive carbon-reduction policies, or they can pay later -- potentially a lot more -- through destructive climate-related events like storms, droughts and flooding. In the U.S., however, that take may not be correct, according to a new study by the environmental group World Resources Institute.
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Christiana Figueres: Passionate – and impatient – about climate

UNFCCC headlines - Mon, 10/13/2014 - 08:49
Source: The Globe and Mail - As a child in Costa Rica, Ms. Figueres would visit Monteverde with her family, and marvel at the brilliantly coloured amphibians that were found only in the high-altitude rain forest. Years later, she returned with her own daughters, only to discover the golden toad was extinct. The species was victim of a warming planet, she was told, the first extinction that scientists attributed to a human-induced climate change. It’s a conclusion that has since been debated.
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Climate Nuttall: 'Religious groups are taking action on climate change'

UNFCCC headlines - Mon, 10/13/2014 - 08:49
Source: Deutsche Welle - Nick Nuttall, spokesperson for the UN Framework Convention on Climate Change, tells DW how religious groups are increasingly fighting climate change and how that might have a bigger impact than you'd think.
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Private sector backing could transform UN’s Green Climate Fund

UNFCCC headlines - Mon, 10/13/2014 - 08:49
Source: Responding to Climate Change - 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.
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World of clean energy is possible by 2050 say scientists

UNFCCC headlines - Mon, 10/13/2014 - 08:49
Source: RTCC - International researchers, in what they believe is the most comprehensive global assessment of clean energy’s potential, report that a low-carbon system could supply the world’s electricity needs by 2050. A global low-carbon energy economy is not only feasible, it could double electricity supply by 2050 while actually reducing air and water pollution, according to new research.
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Indian bourse sees climate change exchange fund in couple of years

UNFCCC headlines - Mon, 10/13/2014 - 08:49
Source: Reuters - MUMBAI, Oct 13 (Reuters) - India's BSE Ltd, formerly known as the Bombay Stock Exchange, is in talks with asset managers to launch an exchange-traded fund (ETF) based on its climate change index in the next couple of years, its chief executive said on Monday.
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NOAA Sea Grant awards $15.9 million for projects to build resilient coastal communities

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: NOAA - NOAA Sea Grant announced today grants totaling $15.9 million to support over 300 projects around the nation that help build resilient coastal communities and economies. Through university, state and other partnerships, Sea Grant Programs will supplement the federal funding with an additional $7.9 million in non-federal matching funds, bringing the total investment to more than $23.8 million.
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Satellite sees hot spot of methane in US Southwest

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: The AP - WASHINGTON (AP) - A surprising hot spot of the potent global-warming gas methane hovers over part of the southwestern U.S., according to satellite data. That result hints that the U.S. Environmental Protection Agency and other agencies considerably underestimate leaks of methane, which is also called natural gas.
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Beijing Raises Smog Alert as Pollution Envelops North China

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: Bloomberg - Beijing raised its air pollution alert to orange, the second-highest level, triggering limits on some industrial production as smog enveloped northern China for a second day. The concentration of PM2.5, fine particulates that pose the greatest risk to human health, was 445 micrograms per cubic meter at 5 p.m. near Tiananmen Square in Beijing, the Beijing Municipal Environmental Monitoring Center said on its website.
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EIB issues first USD Climate Awareness (green) bond, and it’s another big one: $1bn, 10yr, 2.5% coupon

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: Climate Bonds Initiative - Following the continued success of their EUR “Climate Awareness Bonds”, EIB (link is external) has now issued a USD green bond. The US $1bn bond has a maturity of 10 years - they're pushing terms out with this and their EUR 12 year bond - and a 2.5% interest rate. By rolling out green bonds in different currencies EIB can tap into different pools of investors - a large pool of international investors are looking for USD bonds and US based investors buy USD over EUR green bonds because they don’t want foreign exchange risk. This same idea works for all countries with domestic investors – it’s the reason IFC issued a Peruvian Soles bond earlier this year for a Peruvian insurance investor.
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UN sets six month deadline for delivery of draft climate agreement

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: RTCC - Countries have less than six months left to agree on the rough outline of a global climate change agreement, according to the two UN officials coordinating the process. Artur Runge Metzger and Kishan Kumarsingh say they are “greatly encouraged” by progress on developing a draft text, but warn time for negotiations is running out.
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Juncker blow as EU Parliament votes out Bratusek

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: RTCC - European lawmakers last night voted overwhelmingly to reject Alenka Bratusek as vice president of the “energy union”. The former Slovenia prime minister was ousted by 112 votes to 13, after failing to impress at a parliamentary hearing on Monday.
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Can Africa feed itself in spite of climate change?

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: RTCC - Can Africa feed itself? It’s a question that experts, politicians and scientists have gathered this week in Morrocco, to try to answer. Despite possessing 60% of the world’s uncultivated arable land, Africa still imports around $40-50 billion in agricultural products annually.
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Time running out on climate change: John Kerry

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: Sydney Morning Herald - Washington: US Secretary of State John Kerry has issued a stark warning about the mounting effects of climate change, from food shortages to devastating droughts, saying time is running out for real action. r Kerry said the window for facing the challenge was "closing quickly" and warned of dire consequences if climate change sceptics were wrong about the future and nothing is done.
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Few U.S. states preparing for climate change, study says

UNFCCC headlines - Fri, 10/10/2014 - 09:29
Source: Los Angeles Times - ewer than half of American states are working to protect themselves from climate change, despite more detailed warnings from scientists that communities are already being damaged, according to a new online clearinghouse of states’ efforts compiled by the Georgetown Climate Center.
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EPA chief apologizes for her generation’s role in climate change

UNFCCC headlines - Fri, 10/10/2014 - 09:09
Source: The Hill - Environmental Protection Agency (EPA) head Gina McCarthy apologized on behalf of her generation Thursday for not acting to stop climate change. “I want to apologize for my generation. We didn’t quite get it quick enough,” McCarthy said at an event in Miami Beach, Fla., according to the Fusion television network.
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