Summary

In today’s edition, the number of large investors who completely ignore climate change risks in their financial decisions rose last year, according to a new ranking of the top 500 funds. Some 247 out of the 500 show no evidence whatsoever of even acknowledging it as a risk. So, make sure you are not among them! Also, climate activists debate over tactics: support the “keep it in the ground” movement  or carbon pricing?  Finally, guess what: Trump’s border wall would  (also) be bad for the environment. 

Quote of the day

“The leaders are heading off into the distance, while, shockingly, half of the market is still doing nearly nothing. Some 247 out of the 500 show no evidence whatsoever of even acknowledging it as a risk, or integrating it into what they do. Of course, once the risk starts to manifest itself, they’re the ones that will get burnt first.”

Julian Poulter, chief executive of Asset Owners Disclosure Project (AODP), in the BusinessGreen’s story Number of investors ignoring climate risk rose last year 

Lead stories 

Ban Ki-moon nominates Patricia Espinosa for new UNFCCC climate chief role 
By Jocelyn Timperley and James Murray – BusinessGreen  
Patricia Espinosa has been nominated as the new Executive Secretary of the UNFCCC by UN Secretary-General Ban Ki-moon, paving the way for the Mexican diplomat to replace outgoing climate chief Christina Figueres. 
http://bit.ly/1rjCGyX 

Number of investors ignoring climate risk rose last year 
By Jocelyn Timperley – BusinessGreen
The number of large investors who completely ignore climate change risks in their financial decisions rose last year, according to a new ranking of the top 500 funds released yesterday. 
http://bit.ly/1SKmP77

Trump’s Border Wall Would Be Bad for the Environment
By Chris Clarke –  KCET  
It’s more and more likely that Donald Trump will become the Republican Party’s nominee in the Presidential election. 
http://bit.ly/21u5hyc 
***LB: Also in this story “Just the materials going into the wall would have a huge environmental impact, especially with regard to our planet’s beleaguered climate. Why’s that? Concrete.”

EU energy-related carbon emissions creep up in 2015 
By Madeleine Cuff – BusinessGreen 
Energy-related carbon dioxide emissions in the European Union crept up 0.7 per cent compared to a year earlier, threatening the bloc’s reputation as a leader in climate mitigation and clean energy investment. 
http://bit.ly/23mUJQU  

Climate Activists Debate Over Tactics: Keep it in the ground versus carbon pricing
By Amy Martin – Inside Energy
The debate about whether or not humans are warming the planet is essentially over – ninety-seven percent of climate scientists agree that we are. 
http://bit.ly/1OdbcQF 

Charles Koch finds a lot of things scary — except climate change 
By Rebecca Leber – Grist
Charles Koch finds plenty of things scary. He’s alarmed by “rampant cronyism” in government (a phrase he’s used to veil his jabs at renewable energy) and by what President Obama’s reelection did to the American Dream. 
http://bit.ly/1NTnhzO

April joins parade of record global temperatures, making it 12 months in a row 
By Peter Hannam – The Sydney Morning Herald  
Early reports indicate that April was another record hot month – by some margin – making it 12 months in a row that have set new high marks for heat. 
http://bit.ly/1VIX9ua

Events

Navigating the American Carbon World (NACW) 2016 
Climate Action Reserve 
May 4-6, 2016 
San Diego, California 
http://goo.gl/Ah5s1I   

CARBON EXPO 2016 
Global Carbon Market Fair and Conference 
May 25-27, 2016 
Cologne 
http://jlne.ws/1mg8bqR

Cleantech Innovate Scotland 
June 9, 2016 
http://jlne.ws/1mg6nOG  

Carbon

Researchers Aim to Put Carbon Dioxide Back to Work 
By Henry Fountain – The New York Times 
Think, for a moment, of carbon dioxide as garbage, a waste product from burning fossil fuels. Like other garbage, almost all of that CO2 is thrown away — into the atmosphere, where it contributes to climate change.  
http://nyti.ms/1SLAuHK

Natural gas / coal 

Colorado Court Strikes Down Local Bans on Fracking 
By Michael Wines – The New York Times
Colorado’s Supreme Court on Monday struck down local government prohibitions on hydraulic fracturing, or fracking, handing oil and gas companies a victory in a lengthy battle over energy production in the environmentally conscious state. 
http://nyti.ms/1Z8WIao  

Why we’re still so incredibly confused about methane’s role in global warming 
By Chris Mooney – The Washington Post  
It’s perhaps the most contentious issue in U.S. climate change policy right now: How can we deal with emissions of methane, a powerful if short-lived greenhouse gas, which has many sources but appears to be leaking into the air in considerable volumes from U.S. oil and gas operations? 
http://wapo.st/1rRW3js

Clinton cleans up coal comments 
By Nolan D. McCaskill – Politico
Hillary Clinton pledged to fight for coal miners Monday as she insisted that her comment weeks ago about putting coal miners out of business was taken out of context. 
http://politi.co/1SZOuTx

Power

(US) Department of Energy Program Aims to Bump Solar Costs Even Lower  
By David J. Unger – InsideClimate News   
While the solar industry trumpets the rapidly declining costs of solar panels—which have paved the way for solar energy capacity in the U.S. to grow nearly twenty-fold since 2008—those numbers don’t account for all the costs involved in the transition to clean energy. 
http://bit.ly/26QjhX0 

Emerging markets deliver profit surge for Mainstream Renewable Power 
By Madeleine Cuff – BusinessGreen
Global wind and solar developer Mainstream Renewable Power has executed an impressive turnaround of its clean energy business, reporting an annual profit for 2015 of 96m euros – up from a loss of 46.6m euros a year earlier. 
http://bit.ly/1VIXUU3

Clean tech 

Solar Impulse 2 takes off on next leg of round-the-world flight  
AFP 
The Solar Impulse 2, an experimental aircraft flying around the world to draw attention to clean energy technologies, took off Monday from near San Francisco en route to the southwest city of Phoenix. 
http://bit.ly/23mX926

Water

Global water shortages to deliver ‘severe hit’ to economies, World Bank warns  
By Suzanne Goldenberg – The Guardian 
Water shortages will deliver a “severe hit” to the economies of the Middle East, central Asia, and Africa by the middle of the century, taking double digits off their GDP, the World Bank warned on Tuesday. 
http://bit.ly/23mSjSq

Google gives $250K to Flint crisis 
By David McCabe –  The Hill 
Google announced on Tuesday it is donating a quarter of a million dollars through its philanthropic arm for research and assistance funds associated with the Flint, Mich., water crisis. 
http://bit.ly/1UwyNm6

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