Snow Falling in Rome, First in 26 Years

Snow is falling in Rome. It is the first time in 26 years. In fact, the Colosseum, Palatine Hill, and the Roman Forum shutdown over ice fears. A cold front is sweeping across Europe. Nearly 11,000 villagers in Serbia are stuck by heavy blizzards. The last recorded substantial snowfalls in Rome were in 1985 and [...]

ICE Issued U.S. Patent for Electronic Trade Matching and Confirmation Tech

The press release states, “IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that the United States Patent and Trademark Office has issued it a patent for the business process that underpins ICE eConfirm, the company’s electronic trade confirmation service. The patent (No. 8,007,743) covers the design [...]

ICE CDS Clearing Reaches $12 Trillion in Notional Cleared

According to the press release, “Through 21 September, ICE’s CDS clearing houses have cleared $12 trillion in gross notional with aggregate open interest of $1.1 trillion. ICE Clear Europe has cleared euro 3.4 trillion ($4.6 trillion) of gross notional value of CDS transactions, including euro 530 billion in single-name CDS, resulting in euro 443 billion [...]

European Development Finance Institutions to establish joint climate change fund

According to the press release, “Agence Française de Développement (AFD), the European Investment Bank (EIB) and European Development Finance Institutions (EDFI) will establish a joint climate change fund. AFD, EIB and EDFI members will sign a Memorandum of Understanding for THE INTERACT CLIMATE CHANGE FUND (ICCF) at a meeting in Bruges on Friday. The Parties [...]

Intercontinental Exchange Announces Acquisition of Climate Exchange

According to the Press Release, “Intercontinental Exchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that it has agreed on terms to acquire Climate Exchange plc (Climate Exchange or CLE), a leader in the development of traded emissions markets. Climate Exchange operates the European Climate [...]

States sue EPA to stop greenhouse gas rules

According to Reuters, “At least 15 U.S. states have sued the Environmental Protection Agency seeking to stop it from issuing rules controlling greenhouse gas emissions until it reexamines whether the pollution harms human health. Florida, Indiana, South Carolina and at least nine other states filed the petitions in the U.S. Circuit Court of Appeals in [...]

Union of Concerned Scientists fight back on Climate Change

Backgrounder on the Union of Concerned Scientists: Founded in 1969, it was born out of a teach-in organized by a group of scientists and students at the Massachusetts Institute of Technology to protest the militarization of scientific research and promote science in the public interest. This non-profit has a history of going against US Conservative [...]

ADB chief says climate finance insufficient

According to Reuters, “The head of the Asian Development Bank said on Sunday that rich countries’ offers of funds to developing countries for measures to mitigate or adapt to climate change remain insufficient a week into U.N. talks. ADB President Haruhiko Kuroda also told Reuters in an interview that if governments were to fail to [...]

EPA: Greenhouse Gases Threaten Public Health and the Environment

According to the Press Release, “WASHINGTON – After a thorough examination of the scientific evidence and careful consideration of public comments, the U.S. Environmental Protection Agency (EPA) announced today that greenhouse gases (GHGs) threaten the public health and welfare of the American people. EPA also finds that GHG emissions from on-road vehicles contribute to that [...]

Obama surprises with Copenhagen summit decision

According to Reuters, “Obama was originally scheduled to attend the December 7-18 summit in Denmark on Wednesday before traveling to nearby Oslo to collect his Nobel Peace Prize. Some European officials and environmentalists had expressed surprise at the initial decision, pointing out most of the hard bargaining on cutting greenhouse gas emissions would likely take [...]

Sir Muir Russell to head the Independent Review into the allegations against the Climatic Research Unit (CRU)

According to the Press Release, “Today the University of East Anglia (UEA) announced that Sir Muir Russell KCB FRSE will head the Independent Review into allegations made against the Climatic Research Unit (CRU). The Independent Review will investigate the key allegations that arose from a series of hacked e-mails from CRU. The review will: 1. Examine [...]

Climategate – Data manipulated at the Climate Research Unit

Please go to here to view the emails @ wikileaks. The key to proving science is the quality of data.  Climategate is stirring since computer hackers have obtained over 160 MB of emails from the Climate Research Unit at the University of East Anglia in England.  The Climate Research Unit issued a press release, trying [...]

Vivienne Cox to chair Climate Change Capital

According to the Press Release, “Vivienne Cox, the former Executive Vice-President and CEO of BP Alternative Energy, is to become the chairman of Climate Change Capital, the investment manager and advisory group, it was announced today. Ms Cox, who became a non-executive director of Climate Change Capital in May last year, said: ”Climate Change Capital [...]

U.S.-China Alliance in Clean Energy

U.S. and Chinese Presidents, Barack Obama and Hu Jintao, more or less announced their partnership in clean energy technology last Tuesday. Specifically, the two signed official documents declaring their “cooperation on climate change, energy and environment.” Their first task will be constructing a U.S-China Clean Energy Research Center in a joint effort to promote clean [...]

Ed Miliband statement to the House on the draft National Policy Statements

According to the Transcript, “With permission, I would like to make a statement about the energy National Policy Statements and our proposals on clean coal.  In the summer, we published the Low Carbon Transition Plan, which explained how we would meet our commitments to carbon reduction for 2020 and beyond. New infrastructure is being provided [...]

U.S. singled out for delay of climate pact

According to Reuters, ” The United States is likely to bear the brunt of the blame among recession-hit developed nations for an expected six- to 12-month delay to a new global climate deal hoped for December in Copenhagen. U.S. failure to match expectations with a carbon target by the December deadline may dent confidence in [...]

France proposes climate plan for poorest countries

According to Thomson Reuters, “France is proposing a plan to help the world’s poorest countries finance renewable energy projects that it hopes will form part of upcoming climate talks, Ecology Minister Jean-Louis Borloo said in an interview on Sunday. The “justice-climate” plan could be financed by revenue from financial transactions, he told the Journal du [...]

Environmentalists Behind Resignations, Donohue Says

Bloomberg reports, “Environmental groups are trying to discredit the U.S. Chamber of Commerce by persuading companies to quit the business group over its stance on greenhouse-gas regulation, chamber President Tom Donohue said. “There is under way an orchestrated pressure campaign by a couple of environmental groups,” Donohue, 71, said at a Washington press conference today. [...]

Stephen Eule on Climate Policy at a Forum at Columbia Law School’s Center for Climate Change Law

On October 5th, at a Forum at Columbia Law School’s Center for Climate Change Law, Stephen Eule, the vice president of climate and technology at the chamber’s Institute for 21st Century Energy, talked about his concerns of clean-energy and efficiency mandates on the market.

According to the UK Department of Energy and Climate Change: Energy efficiency scheme will save cash and carbon

According to the Press Release, “ Reducing energy use will save organisations a total of £1billion and more than 4MtCO2 each year by 2020. The final details of the Government’s scheme to save organisations money on fuel bills and to reduce carbon emissions have been unveiled today by the Department of Energy and Climate Change. [...]

Q and A – How will Japan’s new government tackle climate change?

Reuters reports, “Japan’s new prime minister, Yukio Hatoyama, has pledged to target a 25 percent cut in greenhouse gas emissions from 1990 levels by 2020, despite opposition from industry, which says the goal will hurt the economy. The target, more ambitious than the previous government’s, is premised on a deal on goals being agreed by [...]

Top United Nations climate scientist backs ambitious CO2 cuts

According to the AFP, “Barely 100 days before the world hopes to seal a global climate treaty, the UN’s top climate scientist has given his personal endorsement to hugely ambitious goals for slashing emissions. “As chairman of the Intergovernmental Panel on Climate Change (IPCC) I cannot take a position because we do not make recommendations,” [...]