Edition for 05 February 2020

Top Stories

Scott Morrison insists he will not be 'bullied' as Coalition splits on climate widen (Guardian)

  • MP Katie Allen proposes a dedicated climate change minister but Nationals and hardline Liberals reject any policy changes.
  • The new Liberal MP Katie Allen has canvassed the need for the government to appoint a dedicated climate change minister, as the Coalition splits on how best to “evolve” its policy response.
  • Allen, who was elected for the seat of Higgins in May, is one of a number of Liberal MPs who have been arguing internally for the government to increase its ambition on climate change against resistance from conservatives in the Coalition.
  • Allen’s suggestion for a climate change portfolio was made in a group chat of MPs in a discussion about how the government’s policies could be better communicated, sources have confirmed.

Ryanair rapped over low emissions claims (BBC News)

  • Claims made by Ryanair about its carbon emissions have been banned by the UK's advertising watchdog.
  • Europe's biggest airline by passenger numbers had billed itself as the region's "lowest emissions airline" and a "low C02 emissions airline".
  • Ryanair hit back in a statement saying consumers could halve their carbon footprint if they switched to it.

Coal plants are closing across the West. Here are the companies sticking with coal (LA Times)

  • Coal is being pushed off the power grid by competition from cheaper, cleaner energy sources, as well as rising public alarm about climate change and state policies meant to reduce emissions.
  • The 20 western coal plants without retirement dates collectively generated nearly 73 million metric tons of planet-warming carbon dioxide emissions in 2018, counting a few units that have since been closed or scheduled for closure — as much climate pollution as 15 million typical passenger cars.
  • Those emissions fuel a climate crisis that is contributing to bigger wildfires, hotter heat waves and worsening droughts in California and across the West.

Farm income to fall by up to 12% due to the carbon tax: APAS (Global News)

  • An organization representing agricultural producers in Saskatchewan says the federal carbon tax could eat up to 12 per cent of a farmer’s net income by 2022.
  • The Agriculture Producers Association of Saskatchewan (APAS) said Monday a review of the carbon tax shows the financial impact it will have on producers in the province.
  • “Farmers don’t set our prices, so those increased costs are coming right off our bottom line.” APAS pointed to rail transportation, heating and electricity, and truck hauling as major farm expenses currently not exempted from the carbon tax.

Moody’s Analytics Enhances Flagship CRE Platform with Climate Risk Data and Analytics from Four Twenty Seven (Business Wire Technology News)

  • This combination of data and analytics enables CRE professionals to better understand the exposure of their real estate assets to the physical impacts of climate change, and to factor that insight into their investment decision-making processes.
  • Four Twenty Seven, which is majority-owned by Moody’s, provides scores and portfolio analytics that quantify exposures to the physical impacts of climate change across a range of asset classes.
  • Each location is analyzed for vulnerability to the physical risks of climate-related factors and other environmental issues such as heat stress, water stress, sea level rise, floods, and extreme weather events.

Boris Johnson promises urgent climate action after stinging criticism (Guardian)

  • Boris Johnson has promised “urgent action” on the climate crisis, taking personal leadership of this year’s UN climate talks after a blistering attack by the sacked former minister who was to lead them.
  • “Unless we take urgent action, we will get 3C hotter,” the prime minister told a gathering of climate experts, business leaders and civil society groups at the Science Museum in London on Tuesday morning.
  • “As a country, as a society, as a planet and as a species, we must now act.” He called on all governments to follow the lead of the UK in setting a target of net zero emissions by 2050, promised support for “our Chinese friends” in their efforts to tackle species loss and environmental degradation, and announced he would bring forward the phaseout of diesel and petrol cars in the UK from 2040 to 2035.

The Climate Sentinel is an AI-powered news assistant for ESG investors and those concerned about climate change, corporate social responsibility, and related topics. Learn more.

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