Tue, 2014-09-23 07:00Chris Rose
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Australia Sea Level Rise Will Rack Up $200 Billion Bill by 2100

Major coastal cities in Australia, that vast southern continent of perpetual surf, sun and endless barbeques, are facing a climate change bill of more than $203 billion in commercial, industrial and residential assets by the end of this century.

A new report by the Climate Council of Australia, Counting the Costs: Climate Change and Coastal Flooding, has found that coastal flooding and erosion caused by global warming will become a significantly larger problem with a projected sea level rise of 1.1 metres by 2100.

The report found that Australia is highly vulnerable to increasing coastal flooding because its cities, towns and critical infrastructure are mainly located on the coast.

Australia’s infrastructure has been built for the climate of the 20th century, the report said, and is unprepared for rising sea level.

Coastal flooding is a sleeping giant,” the report said, “If the threat of sea level rise is ignored, the projected increases in economic damage caused by coastal flooding are massive.”

Tue, 2014-09-23 05:00Steve Horn
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Peabody Energy Booted From S&P 500, King Coal on the Defensive as Market Signals Industry Decline

King Coal and industry multinational Peabody Energy (BTU) have taken a beating in the markets lately, and it has some executives in the dirty energy industry freaking out

On September 19, Dow Jones removed Peabody Energy from its S&P 500 index, considered a list of the premier U.S. stocks for investors. The St. Louis Post-Dispatch cited the downward trajectory of the company's market capitalization as the rationale behind the ouster of Peabody from the S&P 500 index. Peabody will now join the JV leagues in the S&P MidCap 400.

Peabody's downfall symbolizes ongoing market trends within the coal industry overall.

“The total market value of publicly traded U.S. coal companies has rebounded slightly in recent months, but remains nearly 63% lower than a total of the same companies at a near-term coal market peak in April 2011,” explained SNL Energy in April. 

“A perfect storm of factors, including new federal regulations impacting coal-burning power plants, cheap competing fuels, railroad service issues and weak global markets has kept pressure on a number of coal operators since the industry's 2011 near-term peak.”

A new study published this week by the Carbon Tracker Initiative — best known for its work accounting for a “carbon budget” and unburnable carbon — raises further questions about the future of coal's global market hegemony. It's another blow to the coal industry as the United Nations convenes this week's Climate Summit in New York City to discuss climate disruption, in no small part driven by antiquated coal-fired power plants.

Tue, 2014-09-23 04:44Brendan Montague
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Will Caroline Flint Ignite Labour Climate Change Fight?

Caroline Flint (pictured), of the Labour party, is centre stage with the opportunity to influence the international debate on climate change.

Rarely in politics is there such a confluence of events: Caroline Flint, the shadow secretary of state for energy and climate change, takes to the magenta-lit stage at the Labour party conference in Manchester during a rising tide of global warming campaigning.

Ban Ki-moon, United Nations (UN) general secretary, has compelled the world’s leaders to come together in New York to begin a storm of negotiations in the lead up to international talks at the 21st Conference of the Parties on Climate Change in Paris in 2015.

David Cameron, the British Prime Minister, will be in attendance alongside the American President, Barack Obama. Cameron will be under considerable pressure to rediscover his commitment to the climate cause.

Mon, 2014-09-22 14:00Zach Roberts
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The Artists Behind the People's Climate March

48 hours before the People’s Climate March, DeSmogBlog ventured out to Brooklyn to see the preparation for what would become the largest climate march in history. (Check out some photos from the march itself.)

Artists from the around the country were quickly finishing their work in anticipation of march day — a day they've been waiting months for — all of them building floats, flying birds, an iceberg and painting banners… lots of banners.

We were able to interview a few of the artists and brought back a lot of photos of their work.

All this activity happened in the Bushwick neighborhood of Brooklyn. Two spaces, just a block away from each other, created a tremendous amount of the art for the People’s Climate March on September 21st.

At one of the larger spaces in Brooklyn an artist paints a 20-foot circular banner calling for climate justice.

Mon, 2014-09-22 13:00Farron Cousins
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Senate Republicans Go All In On Keystone XL

Six years have passed since TransCanada originally sought a permit for the Keystone XL pipeline, and Republicans in Washington have not given up fighting for the project. In spite of the fact that the pipeline will create fewer than 40 permanent jobs; would pose serious risks to potable water supplies; and would potentially raise energy prices for American consumers, some of our elected officials still believe that the pipeline would be a boon for the United States.

In the last week, the Republican-led efforts to force President Obama to approve the disaster of a plan have reached a fevered pitch. To begin with, to mark the 6th anniversary of the original permit application, every single Republican in the U.S. Senate signed a letter to President Obama demanding that he take action and approve the pipeline.

In the letter, Republican Senator John Hoeven (R-ND) played on the fears of American citizens while trying to force an approval. Hoeven wrote“After more than six years of study, five favorable environmental reviews, numerous polls showing the support of the American people, ISIS and the turmoil in the Middle East, it is way past time we take off the blinders and do what is in the best interest of the United States: approve the Keystone XL pipeline.”   

Not to be outdone, Senate Minority Leader Mitch McConnell made an appeal to the American public (and the dirty energy industry) by making the bold claim that, if Republicans gain control of the Senate in this year’s midterm elections, the Keystone XL pipeline will be one of their top priorities. McConnell claimed, “If we have a new majority next year, and a new majority leader, the Keystone pipeline will be voted on on the floor of the Senate, something the current majority has been avoiding for literally years.”

Even before the anniversary of the application, Senate Republicans were hard at work trying to force the project’s approval. A few days before they sent a letter to the President, Senate Republicans (and a West Virginia Democrat) introduced a bill that would strip the President of his authority to approve pipeline projects, and would limit the review period by the State Department down to 120 days. According to The Hill, the Republican-controlled U.S. House of Representatives passed a similar bill back in June.


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