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Global Climate Deal Under Threat

BRUSSELS—A planned global deal to keep average temperatures from rising more than two degrees Celsius to contain climate change is under threat unless more countries submit emission-reduction targets and technical negotiations are substantially accelerated, the European Union’s energy and climate commissioner warned Thursday. “The window of opportunity…is closing fast,” Miguel Arias Cañete said. With just over three months to go until the Paris Climate Conference, which is meant to come up with a follow-up deal for the Kyoto Protocol, just 56 out of more than 190 countries, representing 61% of global greenhouse-gas emissions, have submitted targets for reducing these emissions, Mr. Cañete said. While that is up from the 35 states that submitted targets under the Kyoto deal, proposals are still missing from some big economies, including Argentina, Brazil, India, Indonesia, Saudi Arabia and Turkey. “There are big economies that should come on board.” Mr. Cañete said. The EU […]

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Study Confirms Climate Change Turned California Drought Into Disaster, With Worst Yet to Come

Scientists have calculated how much less severe the drought would be without climate change. You’ve hit your limit of 5 free articles this month. Try our subscription options: Print & Digital 3 Months Transferring your credit card balance is proving to be a very smart move for most Two Banks That Pay 10 Times The Interest On Your Savings 4 in 5 Americans Are Ignoring Buffett’s Warning Is Donald Trump The Best Candidate for 2016? Vote Here. These 119 Rarely Seen Historical Photos Are Pretty Unnerving [Slideshow] Meet The Man Who Is Disrupting a $13 Billion Razor Industry

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Shale-rich Colorado welcomes EPA methane proposals

Colorado Gov. John Hickenlooper says EPA proposals for methane emissions for the oil and gas industry model rules on the books for shale companies working in his state. File Photo by UPI/Mike Theiler DENVER, Aug. 19 (UPI) — The proposal to cut methane emissions from the oil and gas industry models Western state shale rules is already on the books, Colorado’s governor said. The U.S. Environmental Protection Agency called for the first-ever mandates regarding methane emissions generated by the oil and gas industry. Over the next decade, the industry would need to cut methane emissions by at least 40 percent from their 2012 levels. "We are underscoring our commitment to reducing the pollution fueling climate change and protecting public health while supporting responsible energy development, transparency and accountability," EPA Administrator Gina McCarthy said in a statement. The EPA described methane as the second-most prevalent greenhouse gas emitted from human […]

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Trying to Break the U.S. Energy System for Its Own Good

Cooling towers are reflected in a puddle in Winfield, West Virginia. Photographer: Luke Sharrett/Bloomberg The White House doesn’t want anyone to panic over its new climate rules. Instead of marking a big shift, the Obama team believes the Clean Power Plan is piggybacking on trends already under way in the economy: Natural gas is killing off coal; solar and wind are cheaper than ever; state-level renewable energy and climate policies are spreading. Americans won’t feel a thing. That’s why the head of the Environmental Protection Agency, in her first public appearance since the release of the climate plan, emphasized that the rules wouldn’t cause a disruption for energy companies. "I don’t expect that the energy industry is going to take a right turn," Gina McCarthy said last week . Yet just a short jaunt across the National Mall from the EPA’s headquarters, another part of the executive branch is […]

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A Must Read: Guest Post by Ian Walker – ”The End of the Fossil Fuel Age”

THE END OF THE FOSSIL FUEL AGE Big Oil, Saudi Arabia,the merchant banks and markets all think fossil fuel has had its day, a bold statement, where is the evidence for it? If you had been taking any notice you would have seen Big Oilhave been selling of their Oil Fields and getting out of the oil field asset ownership market since September 2011. Is what I am writing true? Why would they believe the Fossil Fuel Age has ended? It is basic due diligence to find out what the big players are doing. So do a Google search for any oil company name and the phrase ”Oil field” and the words divest or sell. You will see evidence like the following: SHELL Shell has been on a massive divestment strategy on its oil field assets, from Africa to the Far East since September 2011, though as it was […]

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Population and climate instability will lead to severe food shortages by 2050

The food industry has become much more efficient in the last few decades as a result of globalization, but also a lot more vulnerable to shocks. Climate change will lead not only to increased temperatures, but the extreme weather it causes in North, South America and Asia are likely to also lead to global food shortages. Severe production shocks, with the food shortages, price spikes and market volatility that come with are likely to become three times as usual than today, according to a joint report by a US-British task force. These are likely to occur every 30 years by 2040. The Task force on Extreme Weather and Global Food System Resilience estimated that due to a rise in the world population from 7.3 billion to 9 billion in 2050, food production will need to increase by more than 60 percent and climate-linked market disruptions could lead to civil […]

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New ozone limits unnecessary, 370 state business groups declare

The US Environmental Protection Agency’s proposal to reduce ozone limits is both costly and unnecessary, 370 state business groups from across the country—including petroleum councils affiliated with the American Petroleum Institute—told White House Chief of Staff Dennis McDonough. EPA’s current regulations are working, air quality continues to improve, and the United States is leading the world in reducing emissions,” the groups said in an Aug. 13 letter to McDonough. “New ozone standards could significantly damage the economy by imposing unachievable emissions limits and reduction targets on almost every part of our country, including rural and undeveloped areas,” they continued. “Therefore, we strongly urge you to retain the current ozone standards when finalizing this proposal.” EPA proposed reducing allowable ground level ozone limits under the National Ambient Air Quality Standard (NAAQS) from 75 ppb, where they were set in 2008, to a 65-70 ppb range late last year ( OGJ […]

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States Move to Block Obama Administration’s New Carbon Rules

WASHINGTON—Fifteen states asked a federal court Thursday to temporarily block Obama administration carbon regulations while they mount a full legal challenge to the rules. The move is the first step in what is expected to be a yearslong court battle over recently completed Environmental Protection Agency rules that call for carbon emissions from power plants to be cut 32% by 2030 from 2005 levels. The rules are the cornerstone of President Barack Obama ’s climate agenda. The states asked the U.S. Court of Appeals for the District of Columbia to issue an emergency stay blocking the rules, noting that they would be required “to spend significant and irrevocable sovereign resources now” to be in a position to meet the initial deadline of Sept. 6, 2016 for states to submit compliance plans to the EPA. The states are mostly from the South and Midwest, including Ohio, Michigan, Florida Georgia, West […]

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Industry, States Set to Fight EPA Greenhouse Gas Rules

Power plants face new greenhouse gas regulations from the EPA. WASHINGTON—Industry representatives and a group of state attorneys general are preparing to file lawsuits soon to challenge Obama administration rules requiring significant cuts in power-plant carbon emissions. The move, expected in the coming weeks, would open up a legal battle by contesting the authority of the Environmental Protection Agency on a wide range of grounds, some of them little explored by the courts. The EPA issued the regulations last week under a seldom-used section of the Clean Air Act. The agency also is confronting a legislative oddity from 1990, when Congress updated the clean-air law but inadvertently enacted differently worded House and Senate amendments that are relevant to the EPA’s carbon rules. How courts interpret the amendments could determine whether the administration’s power-plant rules survive. Additional legal challenges will focus on whether the agency exceeded its powers by pushing […]

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