The UN climate summit shifts the dial on new green investment.

September 25, 2014 Clean Energy, Climate, Finance 

Green Bonds newsletter (no url): “….Ban Ki Moon’s audacious Summit convening (that’s really the only power we allow him) made for a really useful event: it bought out marchers around the world to ask their governments for action; and it extracted some useful new commitments, such as:”
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“Coal: Before the Flood.”

September 25, 2014 Clean Energy, Climate, Coal 

FT Lex: “….There are holes in the market. China alone has several. The country’s leaders are eager to shift away from energy-intensive investment, towards consumption.”
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“Spooked” coal industry counter attacks divestment campaign.

September 24, 2014 Climate, Coal, Finance 

Australian Financial Review: “Anglo American chief Mark Cutifani is calling on the Australian coal industry to mount a counter-attack against the global divestment effort urging investors to dump holdings in fossil fuels.”
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Times “Fracking ‘greener than solar panels’” story refuted by author quoted.

September 24, 2014 Clean Energy, Gas 

Guardian: “Researchers at Manchester University have found that fracking causes less toxicity to humans and marine ecosystems and uses less resources than solar panels and wind turbines.”
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“How a single multinational corporation could light up the world.”

September 24, 2014 Change for Good, Clean Energy 

Guardian: “Most Americans take turning lights on for granted. But one in five people in the world still can’t plug anything in. The World Bank estimates 1.2 billion people lack electricity all together – resulting in millions of premature deaths yearly – and many more have undependable or unaffordable electricity service.”
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Views differ on efficacy of UN climate summit.

September 24, 2014 Climate 

Michael Jacobs in the Guardian: “So 120 government leaders each made 4 minute speeches about climate change at the United Nations. Did it make any difference? Yes, but not in the ways you might think.”
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“Clean growth is a safe bet in the climate casino.”

September 23, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

Martin Wolf in the FT: “The debate on action over climate change is stuck. Despite copious words and many international conferences, including a UN summit in New York this week, emissions of greenhouse gases continue their upward march. Could this change?”
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SolarAid’s CGI commitment: eradicate kerosene lamp from Africa by 2020.

September 23, 2014 Change for Good, Clean Energy, Climate 

SolarAid press release, no url: “At the 10th Annual Clinton Global Initiative, SolarAid commits to build an alliance to eradicate the kerosene lamp from Africa by 2020.”
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Shale gas part of climate solution UK PM says, not renewables targets.

September 23, 2014 Climate, Gas 

Telegraph: “Shale gas can be part of the solution to tackling climate change and must not be restricted by “green tape”, David Cameron is expected to say on Tuesday at a UN summit on tackling global warming.”
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More than a hundred climate activists arrested on Wall Street.

September 23, 2014 Climate 

Guardian: “More than 100 protesters were arrested after hundreds of people gathered in New York City’s financial district on Monday to denounce what organisers say is Wall Street’s contribution to climate change.”
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Leading companies pledge to transition to 100% renewables.

September 22, 2014 Change for Good, Clean Energy, Climate 

Climate Group: “Leading businesses including, IKEA, Swiss Re, BT, Formula E, H&M, KPN, Mars, Nestlé, Philips, Reed Elesvier, J. Safra Sarasin and Yoox, join a powerful group of NGOs and clean energy experts today to announce the launch of a multi-year initiative to encourage major companies to commit to using 100% renewable power.”
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Google to cut ties with rightwing lobby group over climate change ‘lies’.

September 22, 2014 Climate 

Guardian: “The internet giant Google has announced it is to sever its ties with an influential rightwing lobbying network, the American Legislative Exchange Council, accusing it of “lying” about climate change.”
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“Heat rises for fossil fuel industry as climate talks gather pace”: FT.

September 22, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

FT: “This is not a comforting week to be an investor in a big oil or coal company. It began with rallies in capital cities around the world, where tens of thousands of people marched to demand more action to fight climate change. It continues with a UN summit in New York on Tuesday, where Barack Obama, the US president, is to join more than 120 national leaders to set out what sort of climate action they plan to take.”
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Organisations controlling £30bn are divesting from fossil fuels.

September 22, 2014 Climate, Coal, Finance, Gas, Oil 

Jamie Arbib in the Guardian: “Today marks an important milestone in the emergence of a growing and increasingly significant movement to withdraw investments from fossil fuels and reinvest them into clean energy. Ahead of the UN Climate Summit, it has been announced that organisations and individuals controlling investments of more than £30bn have committed to divesting their dirty energy investments, seven of which – controlling £250m of assets – are from the UK.”
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“Political will is only barrier to 100% renewables.”

September 22, 2014 Clean Energy, Climate, Commentaries 

TheEcologist: “A report published ahead of tomorrow’s UN Climate Summit shows that we can meet all our energy needs from renewables, writes Paul Brown – poor nations and prosperous, tiny islands and great cities, in any part of the globe. And some are doing it already.”
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Officials clear British EDF nuclear project, immediately face legal challenge.

September 22, 2014 Nuclear 

Reuters: “European Union state aid regulators will clear Britain’s plan to build a 16 billion-pound ($26.15 billion) nuclear plant with French utility EDF, a European Commission official said on Monday.”
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Citizens stage biggest-ever climate demonstration, worldwide.

September 21, 2014 Change for Good, Climate 

Guardian: “From Melbourne to Manhattan, tens of thousands of people took to the streets on Sunday to stage the biggest display of popular support for climate action ever seen, and demand that their leaders take action.”
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“Rockefellers, heirs to an oil fortune, will divest charity of fossil fuels.”

September 21, 2014 Climate, Coal, Finance, Gas, Oil 

NYT: “The family whose legendary wealth flowed from Standard Oil is planning to announce on Monday that its $860 million philanthropic organization, the Rockefeller Brothers Fund, is joining the divestment movement that began a couple years ago on college campuses.”
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Climate warning to world leaders: stick to 2C limit or face ‘mayhem’.

September 20, 2014 Clean Energy, Climate, Coal, Gas, Oil 

Observer: “World leaders must commit themselves to holding current rises in global temperatures to 2C. That is the stark message of experts and campaigners in the runup to the United Nations climate summit that will be held in New York later this week.”
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Exxon winds down Russian Arctic drilling campaign as sanctions bite.

September 19, 2014 Gas, Oil 

FT: “Exxonmobil, the US oil company, is winding down its drilling campaign in the Russian Arctic, making it the biggest corporate casualty of sanctions announced by the US and EU this month, by putting its $700m project on indefinite hold.”
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