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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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Government of Québec unveils $2.7B climate change action plan; 63% of spending targeting transport

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The Premier of Québec, Jean Charest; the Minister of Sustainable Development, Environment and Parks, Pierre Arcand; and the Minister of Transport Pierre Moreau unveiled the Canadian province’s 2013-2020 Action Plan on Climate Change (PACC 2020). The action plan and strategy adaptation represent a total investment of nearly C$2.7

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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on Climate Change (UNFCCC). Green Climate Fund. future agreements.

Climate 294
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New study confirms extensive gas leaks in the North Sea; recommends stricter guidelines for handling of abandoned wells

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The authors of the study encourage the industry to publish their data and recommend more independent emission measurements from abandoned wells in order to develop stricter guidelines and legally binding regulations for abandonment procedures.

Gas 273
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National Academies report finds climate models need to evolve substantially, calls for strategy of increased unification amidst diversity

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A new generation of climate models will be needed to address a wide spectrum of climate information needs. Despite much recent progress in developing reliable climate models, there are still efficiencies to be gained across the large and diverse US climate modeling community, the report suggests. Source: NRC.

Climate 231
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US Climate Action Report to UN Projects 4% Growth in Total US GHG Emissions to 2020

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while the US GDP is projected to grow by 40%, according to the fifth National Communication on US climate change actions submitted by the US Department of State to the United Nations Framework Convention on Climate Change. The United States released previous Climate Action Reports in 1994, 1997, 2002, and 2006.

Climate 199
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European Commission approves €4.7B public support scheme for advanced biomethane and biofuels in Italy

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The measure will contribute to reaching EU energy and climate change goals while limiting distortions of competition. The Commission’s 2014 Guidelines on State aid for environmental protection and energy allow Member States to support advanced biofuels under certain conditions.

Italy 296