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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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PCAST suggests 6 key components for climate change strategy to President Obama; adaptation and mitigation

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The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climate change. Improving coordination and support for research efforts on climate change preparedness.

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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

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This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions. As I have said before, this is not a race to renewables, but a race to reduce carbon emissions across many fronts. in 2018, faster than at any time since 2010-11.

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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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World energy consumption by fuel type, 2010-2040. The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. Source: IEO2013.

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CSIRO study concludes recent SEQ drought likely caused by climate variability rather than climate change

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The recent South-East Queensland (SEQ) drought was likely caused by shifts associated with climate variability over decades rather than climate change, according to the findings of a team of CSIRO researchers led by Dr Wenju Cai. —Wenju Cai. Much of the regional annual rainfall is recorded in summer.

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Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

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Estimated consumption subsidies, industrial and developing countries, fossil fuels and renewables. Fossil fuel subsidies continue to far outweigh support for renewable energy, according to new research conducted for the Worldwatch Institute’s Vital Signs Online service. Source: Worldwatch. Click to enlarge.

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EEA: Higher EU greenhouse gas emissions in 2010 due to economic recovery and cold winter

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Greenhouse gas emissions increased in the EU in 2010 as a result of both economic recovery in many countries after the 2009 recession and a colder winter, according to the latest greenhouse gas inventory published by the European Environment Agency (EEA). below 1990 levels in 2010. Emissions increased in 2010.

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