Edition for 31 May 2020

Top Stories

Investors, scientists urge IEA to take bolder climate stance (Arab News)

  • Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organization’s reports enable damaging levels of investment in fossil fuels.
  • The more than 60 signatories included the Institutional Investors Group on Climate Change, whose members have €30 trillion ($33.42 trillion) of assets under management, scientists and advocacy group Oil Change International.
  • Birol has faced mounting pressure in the past year from critics who say oil, gas and coal companies use the IEA’s flagship World Energy Outlook (WEO) annual report to justify further investment — undermining the Paris goals.

U.S. Consumed More Renewables Than Coal for First Time in 134 Years (Bangkok Post)

  • The Atlanta-based power company, which provides electricity and natural gas throughout much of the South and Midwest, said Wednesday it seeks to achieve net-zero carbon emissions by 2050.
  • It plans to halve carbon emissions from 2007 levels within the next decade, and possibly as soon as 2025, by retiring coal plants and relying more heavily on solar power and other renewable technologies.
  • Enel Green Power, a global renewable energy developer owned by Italian utility Enel, is building 1.2 gigawatts of renewable energy capacity this year in the U.S., mostly in the form of new wind farms.

Let’s Connect the Dots Between Environmental Injustice and the Coronavirus (Mother Jones)

  • In the interview, Wilson, who has spent more than two decades focusing on environmental justice issues, talks about why it is important to examine the pandemic through the lens of environmental justice and explains how the Trump administration’s moves to suspend enforcement of environmental regulations during the current crisis reflect a broader disdain for low-income communities.
  • In this country, we have structural inequalities that are a major driver of why we see these different social and environmental conditions in communities of color.
  • We’re not going to have any oversight.” The administration has continued its environmental legislative rollbacks during this crisis, weakening the mercury rule from power plant emissions, lowering fuel economy standards.

Ontario proposes extending endangered species act exemption for forestry sector (Sudbury.com)

  • "This proposal will maintain the current requirements and help avoid additional regulatory burden and economic strain on the forestry sector while a long-term approach is finalized," the province wrote on the Environmental Registry of Ontario.
  • "The CFSA provides for the sustainable management of Crown forests while regarding plant and animal life, water, soil, air and social and economic values."
  • Dunn said the forestry industry must take into account social, economic and environmental values as part of that act.

Indonesia to receive $56m payment from Norway for reducing deforestation (Mongabay)

  • Indonesia is set to receive $56.15 million from Norway, the first payment based on the results of the Southeast Asian country’s efforts to preserve its vast tropical rainforests to curb carbon dioxide emissions.
  • In exchange for the funding, Indonesia would have to slow its emissions from deforestation, which accounts for the bulk of its CO2 emissions.
  • Phase three starts when the rainforest countries manage to reduce deforestation, and that’s when the fund starts paying out, based on reduced emissions.

Snow Mass Estimates and The Future of Ski Resorts (Interesting Engineering)

  • A report from the European Space Agency's Climate Change Initiative has unveiled the first reliable estimate of snow mass change.
  • A report from the European Space Agency's Climate Change Initiative has unveiled the first reliable estimate of snow mass change.
  • As part of ESA's Climate Change Initiative, researchers from the Finnish Meteorological Institute (FMI) and the Environment and Climate Change Canada have reliably estimated the amount of annual snow mass and changes in snow cover in the Northern Hemisphere between 1980 and 2018.

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.

Subscribe

Receive email updates on new features, news, and our technology.