The Grid: Energy, Resources, Environment, Sustainability | Bloomberg

Social Cost of Carbon Figure Too Low to Reflect Harms: Enviros

Social Cost of Carbon Figure Too Low To Reflect Harms, Environme

Bloomberg BNA – The Obama administration relied on outdated science that produced a social cost of carbon figure that is too conservative, environmental groups said Feb. 26.

The models used by the federal government to update the social cost of carbon figure, which federal agencies use to calculate the climate impact of proposed actions, have yet to include the most recent Intergovernmental Panel on Climate Change data, producing a figure that does not reflect the actual cost of carbon emissions, Gernot Wagner, senior economist at the Environmental Defense Fund, told reporters Feb. 26.

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Another Melting Glacier: Today's Top Reads

Good morning! Here are today’s top reads:

  • Peru glacier retreat caused by rising temperatures (Bloomberg)
  • Nuclear waste repository set to reopen after leak (NY Times)
  • Rail projects boosting oil flow to California refineries (Bloomberg)
  • A new tool in the fight against hurricanes: Wind farms? (Atlantic Cities)
  • U.S. issues emergency testing order to crude oil rail shippers (Wall Street Journal)
  • Grijalva: GAO set to investigate Keystone conflict (National Journal)
  • Radioactive isotopes from Fukushima meltdown detected near Vancouver (Scientific American)
  • Google, Adobe and eBay innovate to save water in drought-hit California (Guardian)
  • California endangered species: Plastic bags (NY Times)
  • 11 innovations to fight food and water scarcity (GreenBiz)

Visit for the latest from Bloomberg News about energy, natural resources and global business.

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Sustainability Accounting Standards Board for Financial Sector

Bloomberg BNA – A nonprofit standards-setting organization today released voluntary guidelines to help commercial banks, insurance companies and others in the financial sector report on relevant sustainability issues in annual filings with the Securities and Exchange Commission.

The financial sector standards are part of the Sustainability Accounting Standards Board's effort to improve the quality and rate of environmental, social and governance (ESG) disclosure in mandatory SEC filings, including annual 10-K reports, among publicly listed companies in 10 sectors.

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Silent Invader: Today's Top Reads

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Senate Efficiency Bill Expected to Repeal Federal Building Fossi

Bloomberg BNA – Senate energy efficiency legislation likely to be reintroduced the week of Feb. 24 will include a measure that would block a requirement that federal buildings phase out fossil fuel use, among other Republican-backed amendments, according to industry groups and others monitoring the bill.

The amendment, to the energy efficiency bill expected to be introduced by Sens. Jeanne Shaheen (D-N.H.) and Rob Portman (R-Ohio), would repeal a section of a 2007 energy law that requires new and certain renovated federal buildings to phase out the use of fossil-fuel generated energy by 2030.

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America for Shale: Today's Top Reads

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North American Leaders Pledge to Work Together to Curb Climate

Bloomberg BNA – President Barack Obama, Canadian Prime Minister Stephen Harper and Mexican President Enrique Pena Nieto cited a shared concern for addressing climate change and pledged to work together to reduce greenhouse gas emissions during a Feb. 19 summit of North American leaders in Toluca, Mexico.

Obama said the three countries will work together to adopt and meet new fuel efficiency standards for heavy-duty trucks, and he said Harper agreed to work with the U.S. to reduce greenhouse gas emissions.

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Fracking Boom Leaves Texans Under a Toxic Cloud

Fracking Boom Spews Toxic Air Emissions on Texas Residents

This story was produced by InsideClimate News in collaboration with the Center for Public Integrity and The Weather Channel.

When Lynn Buehring leaves her doctor's office in San Antonio she makes sure her inhaler is on the seat beside her, then steers her red GMC pickup truck southeast on U.S. 181, toward her home on the South Texas prairie.

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Supreme Court Could Clarify Authority Of EPA

Bloomberg BNA – The U.S. Supreme Court won't address the Environmental Protection Agency's fundamental authority to regulate greenhouse gases during oral arguments Feb. 24, but lawsuits challenging the permitting requirements could provide an opportunity for the court to clarify the agency's authority.

The Supreme Court will hear challenges from some states and industry groups opposed to the EPA's requirement that large industrial sources obtain Clean Air Act permits for their greenhouse gas emissions.

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About The Grid

Nations and companies face rising competition for strategic resources — energy, food, water, materials — and the technologies that make best use of them. That's sustainability. It's about the 21st-century race for wealth, health and long-term security, across the global grid.

Analyses or commentary in this blog are the views of the authors, and do not necessarily reflect the views of Bloomberg News.

Eric Roston, Editor

Tom Randall, Deputy Editor

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