Updated: 15 min 23 sec ago
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.
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
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.
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.
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. Its a conclusion that has since been debated.
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.
Source: Responding to Climate Change - From a business perspective, the issues of climate finance and carbon pricing stole the show at last months UN Climate Summit in New York City. The events 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.
Source: RTCC - International researchers, in what they believe is the most comprehensive global assessment of clean energys potential, report that a low-carbon system could supply the worlds 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.
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.
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.
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.
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.
EIB issues first USD Climate Awareness (green) bond, and its another big one: $1bn, 10yr, 2.5% coupon
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 dont want foreign exchange risk. This same idea works for all countries with domestic investors its the reason IFC issued a Peruvian Soles bond earlier this year for a Peruvian insurance investor.
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.
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.
Source: RTCC - Can Africa feed itself? Its a question that experts, politicians and scientists have gathered this week in Morrocco, to try to answer. Despite possessing 60% of the worlds uncultivated arable land, Africa still imports around $40-50 billion in agricultural products annually.
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.
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.
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 didnt quite get it quick enough, McCarthy said at an event in Miami Beach, Fla., according to the Fusion television network.
Source: Presbyterian Church - At its biennial General Assembly yesterday, the Presbyterian Church agreed by a majority vote to request that the Churchs Property Trustees, who manage the major funds of the Church, divest from fossil fuel investments. The General Assembly also encouraged all congregations and members of the Church to seriously consider the same action in relation to their own investments. The Church declared investment in the fossil fuel industry to be unethical, socially irresponsible and contrary to the Churchs mission of caring for creation.