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Updated: 12 min 34 sec ago

Satellite sees hot spot of methane in US Southwest

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

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

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

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

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?

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

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

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

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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