Industry needs financial backing to reduce carbon emissions and fight climate change, leaders of some of the world’s wealthiest businesses told a climate conference.
Duke CEO Jim Rogers, at a meeting of business leaders in Europe, called nuclear the energy of the future. "I would … probably say that these two coal plants we build might well be the last two we build until we have a clear picture on CCS,” he said.
Australia’s Carbon Plan Faces Further Delay (Australian Broadcasting Corp.)
Australia’s political opposition vowed to delay a vote on the country’s carbon-trading scheme, possibly until next year. It could mean outright defeat in parliament.
Tar Sands Province Forges Ties with OPEC (National Post)
Alberta, concerned about its tar sands being excluded from U.S. markets, is linking up with OPEC and will have a seat at the “dialogues” along with Iran and Venezuela.
Rural Democrats are threatening to vote against climate legislation unless the EPA halts a new proposal for evaluating lifecycle emissions from biofuels. Corn ethanol wouldn’t fare well under the EPA plan.
Ecuador’s Carbon-Credit Plan: Leave Oil Untapped (Washington Post)
Ecuador is pursuing an unusual plan to reap the oil profits without actually drilling for oil. It envisions wealthy countries effectively paying it to leave the oil in the ground.
Ties between the U.S. and China could be transformed by cooperation on climate change, House Speaker Nancy Pelosi said during a visit to China.
Green Tech Should Be Shared (Guardian)
A battle over intellectual property rights is brewing as businesses gear up to fight the sharing of green tech with developing countries seeking to reduce emissions.
Climate change is widening viral disease among farm animals, expanding the spread of some microbes that are also a known risk to humans, the world’s top agency for animal health says.
A study in the Proceedings of the National Academy of Sciences suggests climate change may require managed relocation of species. It proposes a system for evaluating relocation based on criteria that include potential for harming ecosystems and the cultural importance of species.
Cost of Water Tipped to Rise 100% in Australia (Australian)
The cost of water in Australia is likely to rise 50-100 percent in five years as governments invest in new supplies, the Water Services Association director says.
When Bolinas, Calif., nearly ran out of water, the town came up with a plan — cut household use in half. The whole town pitched ins. Late rains saved the water supply, but it was only a reprieve.