Updated: 6 min 2 sec ago
Source: Bloomberg - Investments in measures to curb energy waste and boost efficiency are overtaking wind and solar spending and have reached at least $310 billion a year, the International Energy Agency said. Thats almost $100 billion higher than investment in renewable energy in 2013, which amounted to $213 billion, according to estimates from Bloomberg New Energy Finance.
Source: The Guardian - Lego will not renew its marketing contract with Shell after coming under sustained pressure from Greenpeace to end a partnership that dates to the 1960s. The environmental campaign group, protesting about the oil giants plans to drill in the Arctic, had targeted the worlds biggest toy maker with a YouTube video that attracted nearly 6m views for its depiction of a pristine Arctic, built from 120kg of Lego, being covered in oil.
Source: Climateprogress - NOAA said in a news release Tuesday that as counterintuitive as expanding winter Antarctic sea ice may appear on a warming planet, it may actually be a manifestation of recent warming. The most important thing to know about Antarctica and ice is that a large part of the South Poles great sheet of land ice is close to or at a point of no return for irreversible collapse. The rate of loss of that ice has reached record levels, tripling in the last five years alone. Only immediate action to sharply reverse carbon pollution could stop or significantly slow that.
Source: CleanTechnica - A new report released by the International Energy Agency (IEA) has estimated the global energy efficiency market to be worth at least $310 billion annually, a figure that is growing, and leads the IEA to confirm energy efficiency as the worlds first fuel. Energy efficiency is the invisible powerhouse in IEA countries and beyond, working behind the scenes to improve our energy security, lower our energy bills and move us closer to reaching our climate goals, IEA Executive Director Maria van der Hoeven said at the Verona Efficiency Summit.
New York grants $94 million for solar projects and launches the largest solar factory in the Western Hemisphere
Source: Climate Group - EW YORK: The State of New York will grant US$94 million for solar projects that will leverage additional private investment of US$375 million, while also funding US$750 million for the largest solar factory in the Western Hemisphere bringing 5,000 jobs. The news comes after Governor Andrew Cuomo last week launched 142 new solar projects at businesses and schools in the state, which will bring more than 214 megawatts - a 68% increase in solar capacity since last year.
Source: The Guardian - Coffee is the second most-valuable commodity in the world and in the year 2010 global consumption reached 8bn kg. However, many of us may not consider the negative environmental impact around the morning cup of coffee we rely on to start the day. Waste water generated from coffee wet-mill processing, which uses large amounts of water to remove the fruit of the seed, is often discharged untreated into the environment.
Source: Bloomberg - European Union governments are considering the use of carbon-permit funds to help finance clean technologies and spur poorer nations toward a low-carbon economy under a planned deal on 2030 climate and energy policies. The blocs 28 countries may renew a special carbon-permit reserve -- which yielded 2.2 billion euros ($2.8 billion) for renewable energy and carbon-capture projects over the past four years -- and extend its scope, according to draft guidelines prepared for an Oct. 23-24 summit of EU leaders in Brussels. Countries may also agree to create a new fund, which would help finance investment in low-income member states, the document obtained by Bloomberg News shows.
Source: The Motley Fool - There may not be a family more synonymous with the oil industry than the Rockefellers. Family oligarch John D. Rockefeller made his fortune building an oil empire in Standard Oil, and the remnants of that massive company remain in ExxonMobil (NYSE: XOM ) today. It's that history in oil that makes the announcement that the Rockefellers are sellers of the fossil fuel industry so surprising. Rockefeller Brothers Fund is the most visible of institutions getting out of dirty fossil fuels, and in total, there's a commitment by at least 180 institutions and 653 individuals with $50 billion in assets to sell coal, tar sands, and oil assets, a figure that supporters hope to triple by December.
Source: Glasgow Guardian - he University of Glasgow Court has voted in favour of divesting from the fossil fuel industry, making it the first University in the UK to divest. The University plans to dispose of its investments in the fossil fuel industry within a period of ten years. The University is also expected to consider investment in renewable energy industries, although there is no commitment to invest in renewable energy.
Source: RTCC - An Australian pension fund worth $8 billion says it will ditch holdings in coal companies, branding climate change a very real investment risk. Local Government Super is one of Australias largest public sector funds, with 90,000 members, and is the first to publicly announce plans to divest from coal.
Source: Economic Times of India - NEW DELHI: With the adverse impacts of climate change becoming more evident and the recent spate of extreme weather events, Prime Minister Narendra Modi is actively considering reviving the high level advisory panel to coordinate national efforts to assess, adapt to and counter the impact of climate change.
Source: The Guardian - The world now knows in great detail how Thomas Eric Duncan, a man who just a few weeks ago showed admirable compassion for a sick, pregnant neighbor in Liberia, has become the first person to come down with Ebola in the United States. What is less well known is how the virus came to West Africa to infect Duncans neighbor. Knowing and acting on that story is absolutely critical if we hope to contain future outbreaks of Ebola and other scary diseases before they turn into global headlines.
Source: New York Times - Its hard to dispute the publics dismay over climate change. When hundreds of thousands of people take to the Manhattan streets, as they did in the Peoples Climate March last month, something big is clearly happening. But a year ago, the signs werent particularly good for coverage of the environment in The New York Times.
Source: RTCC - Rich nations have been warned that unless they cough up for the Green Climate Fund by December, chances of a UN climate deal in 2015 will be dead. The 54-strong Africa Group wants to see US$ 7 billion by the time the next round of international climate talks start in Lima later this year, according to Tosi Mpanu Mpanu an envoy from the Democratic Republic of Congo.
Source: Business Insider - Last month, New York City hosted the historic United Nations Climate Summit, drawing hundreds of government and business leaders from around the world. These leaders came to reaffirm the risk posed by climate changes to the environment and to vulnerable populations, and to announce workable solutions and initiatives that will reduce global carbon emissions.
Source: Reneweconomy - Every year a disparate collection of 88 wonks from 68 organisation in 12 countries work tirelessly to produce the Global Carbon Budget. I think of it as a high powered pictured book alternative for anyone who cant stomach the IPCCs summary for policy makers (or just wants the data). Here are 11 of the most thought provoking charts from this years report.
Source: Climateprogress - fter years of intense lobbying from Canadian fossil fuel interests and government officials, the European Union has abandoned plans to label Canadian tar sands, or oil sands, as dirtier than other forms of crude oil. A European Commission proposal released on Tuesday would make it so that no transportation fuel used in the E.U. would be penalized for the carbon intensity of its production. This redefinition would make it easier for oil suppliers to export energy intensive tar sands to the 28-country block, whereas in previous proposals the fuel was designated as 25 percent more carbon intensive than conventional crude oil.