UN’s Green Climate Fund lowers cash target to $10bn.

September 10, 2014 Clean Energy, Climate, Finance 

RTCC: “The UN’s flagship Green Climate Fund has scaled back plans to raise US$ 15 billion by the end of 2014, with a new goal of $10bn.” Read more

Reasons for optimism about prospects for the Paris climate summit.

August 21, 2014 Clean Energy, Climate, Coal, Commentaries, Gas, Oil 

BusinessGreen: “BusinessGreen Leaders Awards Champion of the Year, Jeremy Leggett, reveals why there are reasons to be optimistic in the run up to the Paris climate summit.”
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Climate models accurate when reflecting natural ocean cycles.

July 21, 2014 Climate 

Guardian: “Predicting global surface temperature changes in the short-term is a challenge for climate models. Temperature changes over periods of a decade or two can be dominated by influences from ocean cycles like El Niño and La Niña”
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UK on track to miss carbon targets, climate change advisers warn.

July 15, 2014 Clean Energy, Climate 

Guardian: ”The coalition’s flagship insulation programmes have failed to put the UK on the right track to meet its commitments on cutting greenhouse gases, a review by the statutory advisers on climate change has found.”
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US and China agree cautious join steps forward on abating climate change

July 9, 2014 Climate, Coal 

Reuters: “The United States and China on Tuesday signed eight partnership pacts to cut greenhouse gases that will bring the world’s two biggest carbon emitters closer together on climate policy, but fundamental differences between the two sides remain.”
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Al Gore argues we are at a turning point of new hope on climate.

June 18, 2014 Clean Energy, Climate, Coal, Gas, Oil 

Al Gore in Rolling Stone magazine: “In the struggle to solve the climate crisis, a powerful, largely unnoticed shift is taking place. The forward journey for human civilization will be difficult and dangerous, but it is now clear that we will ultimately prevail.”
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Ohio Governor introduces bill to roll back wind and solar.

June 13, 2014 Clean Energy, Climate, Coal 

Guardian: “The coal-heavy state of Ohio rebelled against Barack Obama’s climate change agenda on Friday, becoming the first state to roll back measures promoting wind and solar power and energy efficiency.”
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Up to 40% of China’s coal at risk of stranding by 2020.

June 5, 2014 Climate, Coal, Finance 

Carbon Tracker: “Up to US$21 billion annual spend on thermal coal assets reflects high risk strategy of China’s coal companies in face of rapidly transitioning energy sector.”
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China to limit carbon emissions for first time, climate adviser claims.

June 3, 2014 Climate, Coal 

Guardian: “China, the world’s biggest greenhouse gas emitter, will limit its total emissions for the first time by the end of this decade, according to a top government advisor.”
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Members reject US Chamber of Commerce stance on climate.

June 3, 2014 Clean Energy, Climate, Coal, Gas, Oil 

Climate Progress: “Days before President Obama’s EPA Administrator Gina McCarthy announced sweeping new rules to limit the amount of carbon pollution that existing power plants can dump into the atmosphere, the U.S. Chamber of Commerce released a report blasting the then-unreleased regulations as certain to raise electricity prices, kill jobs, and slow the economy. But leading climate-friendly members of Chamber don’t want to be associated with its anti-climate report.” Read more

Obama takes personal charge against the backlash. 70% support him.

June 3, 2014 Climate, Coal, Gas, Nuclear, Oil 

Guardian: “Barack Obama took personal charge of the campaign for historic new climate change regulations on Monday, defending a 30% cut in carbon pollution from power plants from a backlash by business lobbies, conservative groups and Democrats in oil and coal states.”
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The flip-side of the Obama coal plan: 35% increase in gas generation.

June 3, 2014 Climate, Coal, Gas 

Bernstein Research (no url): The principal observation is that the goal is not as ambitious as it seems because the target is backward-dated to 2005 and the U.S. is already 10% below that benchmark level.  Furthermore, an additional 9% will be realized by regulations already in motion by 2017, so the true absolute reduction is more like 11% by 2030.
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Obama unveils historic rules to reduce coal pollution by 30%.

June 2, 2014 Clean Energy, Climate, Coal, Gas 

Guardian: “The Obama administration unveiled historic environment rules cutting carbon pollution from power plants by 30% on Monday, spurring prospects for a global deal to end climate change but setting up an epic battle over the environment in this year’s mid-term elections.”
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Fossil-fuel nations watered down IPCC climate science report, authors say.

May 15, 2014 Climate 

Guardian: “Increasing evidence is emerging that the policy summaries on climate impacts and mitigation by the UN Intergovernment Panel on Climate Change (IPCC) were significantly ‘diluted’ under political pressure from some of the world’s biggest greenhouse gas emitters, including Saudi ArabiaChina, Brazil and the United States.”
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Accounts emerge of how the IPCC scientific assessment was watered down.

May 10, 2014 Climate 

Economist: “….The IPCC’s reports, published every six or seven years, are immense undertakings. Each depends on the unpaid work of hundreds of scientists and runs to thousands of pages. But most of the controversy is generated at the last minute, when the authors (scientists and academics) meet government officials to produce a summary of 30 or so pages. Consider the recent report, published in Berlin on April 13th, on efforts to rein in greenhouse-gas emissions.”
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US National Climate Assessment: here, clear, and present danger.

May 4, 2014 Climate 

Guardian: “Climate change has moved from distant threat to present-day danger and no American will be left unscathed, according to a landmark report due to be unveiled on Tuesday.”
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“Fossilised Revenues: $28trn of revenues at risk for fossil-fuel industry.”

April 24, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

Mark Lewis of Kepler Chevreux (no url): “A 450-ppm world would threaten high-cost, high-carbon revenues. Under a global climate deal consistent with a 2°C world, we estimate that the fossil-fuel industry would stand to lose USD28trn (in constant 2012 USD) of gross revenues over the next two decades compared with business as usual.”

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IPCC: climate change already having effects in real time, far worse to come.

March 31, 2014 Climate 

Guardian: “A United Nations report raised the threat of climate change to a whole new level on Monday, warning of sweeping consequences to life and livelihood. The report from the UN’s intergovernmental panel on climate change concluded that climate change was already having effects in real time – melting sea ice and thawing permafrost in the Arctic, killing off coral reefs in the oceans, and leading to heat waves, heavy rains and mega-disasters.”
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UN climate chief: given stakes, my job is “most sacred in world”.

March 5, 2014 Climate 

Guardian: “Devastating extreme weather including recent flooding in England,Australia‘s hottest year on record and the US being hit by a polar vortex have a “silver lining” of boosting climate change to the highest level of politics and reminding politicians that climate change is not a partisan issue, according to the UN’s climate chief.”
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“Why coal and many oil investments are losing luster.”

February 24, 2014 Climate, Coal, Commentaries, Finance, Gas, Oil 

Jeremy Leggett in Fortune magazine: “Many who worry about climate change have long been puzzled by the hundreds of billions of dollars that coal, oil, and gas companies routinely spend on developing their reserves, and finding and developing new reserves. These investments seem unstoppable, despite countless warnings that carbon emissions damage the global environment and economy.”
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