4.09.14 | TOM RANDALL
Energy Investors Are an Uncertain Kitten
We're at a turning point, where renewables are becoming the cheapest form of energy even without finicky government subsidies, says BNEF's Michael Liebreich. Last year the kitten hesitated. Soon it will pounce.
4.09.14 | STEFAN NICOLA
Cars Become Biggest Driver of Greenhouse-Gas Increases
The greatest emerging threat to the global climate may rest in the side pocket of your trousers -- or wherever you keep the car keys.
How badly will global warming hurt the world economy? The answer in yesterday's new report by the Intergovernmental Panel on Climate Change is clear. Depending on the assumptions, er… uh, carry the four… add the pure rate of time preference… hmmmm, we can't say without caveats.
"Different economies will be affected differently," the report states.Read more »
Bloomberg BNA — An agreement signed in October 2013 by the governors of California, Oregon and Washington and the leader of British Columbia to collaborate on climate policies could produce a consistent fueling infrastructure for electric vehicles on the West Coast, California Environmental Protection Agency Secretary Matt Rodriquez said March 27.
Five months after the signing, the Pacific Coast Collaborative has yet to yield any specific project or program, but each of the jurisdictions believe the partnership offers opportunities to increase the impacts of their individual initiatives, Rodriquez and representatives of Oregon and Washington said at the opening plenary session of the Navigating the American Carbon World conference in the San Francisco.Read more »
Bloomberg BNA — Exxon Mobil Corp. said its oil and natural gas reserves won't become stranded and lose their value as a result of carbon restrictions aimed at addressing climate change.
Demand for petroleum-based fuels will continue to grow worldwide as the drive for higher standards of living in developing nations trumps efforts to curtail carbon emissions, Exxon said March 31 in a report to shareholders on its website.Read more »
Here are todays top reads:
- All your M&Ms will be green by 2040: The Mars mission (Bloomberg)
- Climate study puts diplomatic pressure on Obama (NY Times)
- Pinning down the U.S. corn belt's role in slowing climate change (Atlantic)
- Australian coral reefs at risk from highest ocean temperatures in 215 years (Guardian)
- Climate change impacts in pictures; 8 stark IPCC Images (Climate Central)
- Medical pot emerges as N.Y. fight to Cuomo, Lawmakers (Bloomberg)
- MIT scientist responds on disaster costs and climate change (FiveThirtyEight)
- Behind multiple local campaigns to ban fracking, one Pa. legal clinic (Greenwire)
- How risky, really, is that chemical? (Scientific American)
- Climate change is good for you! Wait: It's April First. Or is it? (GreenBiz)
Visit www.bloomberg.com/sustainability for the latest from Bloomberg News about energy, natural resources and global business.
Mars Inc., which sells about $30 billion of deliciousness a year, is going green. We’re talking 100 percent.
The Mars mission: to eliminate fossil fuel use by 2040. The maker of Snickers and M&Ms is just 3 percent green today, at least when it comes to renewable energy. But don't worry, your green M&Ms won't cost a penny more than the coal-colored ones, according to Barry Parkin, chief sustainability officer at Virginia-based Mars. The big strategy? Wait until switching is a no-brainer.Read more »
Bloomberg BNA —Lawsuits challenging California's climate policies have yet to delay implementation of the programs, attorneys involved in the various cases said March 26.
“The California Air Resources Board is batting about 1,000,’’ Tom McHenry, a partner at Gibson, Dunn and Crutcher in Los Angeles, said during a presentation on the status of legal actions the state still faces eight years after enacting the Global Warming Solutions Act of 2006 (A.B. 32).Read more »
Bloomberg BNA — More than 100 institutional investors have developed recommendations for integrating disclosure on environmental and social issues into listing rules for stock exchanges worldwide.
The proposal, released March 26 by sustainability advocacy group Ceres, is part of an effort to develop a common standard for sustainability reporting by companies listed on stock exchanges in the U.S. and other countries.Read more »
Okay, fine. You're persuaded that climate change is a problem. So if we can work out the costs and benefits of reducing carbon emissions, we'll be able to decide on the cheapest course of action, right?
Not so fast. The two numbers that you'd need to do that apparently shouldn't be compared, under penalty of lectures from either climate scientists or economists. Both numbers come from separate draft reports that are still being finalized by the Intergovernmental Panel on Climate Change.Read more »
When the Reds and the St. Louis Cardinals take the field in Cincinnati Monday afternoon, they help kick off a Major League Baseball season that starts about five weeks earlier than the first Opening Day. At the inaugural opener of the American Association in May 1882, the Red Stockings lost to the Pittsburgh Alleghenys, 10-9.
Spring itself is starting earlier, too, though it can't keep pace with spring training. Leaves unfurl in the United States on average just three days earlier than they used to, a week earlier in parts of the Southwest and Southeast, according to Climate Matters. CM is a project of the nonprofit science and journalism group Climate Central that dozens of broadcast meteorologists turn to for up-to-date, TV-friendly information about global warming.Read more »