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Updated: 11 hours 3 min ago

NOAA Sea Grant awards $15.9 million for projects to build resilient coastal communities

10. October 2014 - 15:59
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.

Satellite sees hot spot of methane in US Southwest

10. October 2014 - 15:59
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.

Beijing Raises Smog Alert as Pollution Envelops North China

10. October 2014 - 15:59
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 it’s another big one: $1bn, 10yr, 2.5% coupon

10. October 2014 - 15:59
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.

UN sets six month deadline for delivery of draft climate agreement

10. October 2014 - 15:59
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.

Juncker blow as EU Parliament votes out Bratusek

10. October 2014 - 15:59
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.

Can Africa feed itself in spite of climate change?

10. October 2014 - 15:59
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.

Time running out on climate change: John Kerry

10. October 2014 - 15:59
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.

Few U.S. states preparing for climate change, study says

10. October 2014 - 15:59
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.

EPA chief apologizes for her generation’s role in climate change

10. October 2014 - 15:59
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.

Efficiency Worth More Than Renewables at $310 Billion, IEA Says

9. October 2014 - 15:59
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. That’s almost $100 billion higher than investment in renewable energy in 2013, which amounted to $213 billion, according to estimates from Bloomberg New Energy Finance.

Lego ends Shell partnership following Greenpeace campaign

9. October 2014 - 15:59
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 giant’s plans to drill in the Arctic, had targeted the world’s 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.

NOAA: Record Antarctic Sea Ice Growth Linked To Its Staggering Loss Of Land Ice

9. October 2014 - 15:59
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 Pole’s 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.

New York grants $94 million for solar projects and launches the largest solar factory in the Western Hemisphere

9. October 2014 - 15:59
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.

Can coffee stimulate renewable energy in Central America?

9. October 2014 - 15:59
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.

EU Nations Mull Funds to Aid Clean Energy in 2030 Climate Deal

9. October 2014 - 15:59
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 bloc’s 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.

Why the Rockefellers Are Selling Oil Stocks, and You Should Too

9. October 2014 - 15:59
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.

The University of Glasgow to divest from fossil fuel industry

9. October 2014 - 15:59
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.

Leading Australian pension fund ditches coal holdings

9. October 2014 - 15:59
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 Australia’s largest public sector funds, with 90,000 members, and is the first to publicly announce plans to divest from coal.

Narendra Modi government may revive Prime Minister's Council on Climate Change

9. October 2014 - 15:59
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.

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