Climate Week NYC opens in New York
With the IPCC report expected to show virtually unanimous consensus on man-made climate change, world leaders – including World Bank President Jim Kim, U.S. Special Envoy for Climate Change Todd Stern, and former UK Prime Minister Tony Blair – opened Climate Week NYC, calling for ending the endless science debate and focusing instead on low carbon growth.
They were joined by corporate leaders from Swiss Re, HP, Phillips, IKEA, SolarCity, Richard Branson, Tom Steyer , David Miliband, faith leader Dorothy Boorse , former Republican Congressman Bob Inglis , Brigadier General Cheney (Ret.), and Pam Johnson , from the National Corn Growers Association.
CWNYC organizers The Climate Group said America would miss out on $3 trillion of GDP gains if it failed to invest in clean tech.
“Decades of progress are now in danger of being rolled back, because of climate change,” said Jim Kim. “This is a ‘make-or-break’ decade for action on global warming.”
Todd Stern added: “The President is taking strong action on the strength of both existing congressional authority and executive authority. A new agreement in Paris in 2015 will only work if it leaves ideology at the door.”
“It is time that we get over the science debate and start taking serious, coordinated action to tackle the effects of climate change," said Tony Blair, who chairs The Climate Group's International Leadership Council.
The Climate Group CEO Mark Kenber announced that the organization will bring together 100 businesses committing to 100 percent renewable energy. “Governments and businesses are increasingly embracing a clean industrial revolution,” he said. “Our corporate supporters have a combined revenue of over $1 trillion; half a billion people live in our regional government members.” He called for a new bi-partisan consensus to boost low carbon growth.
HP announced a commitment to a 20 percent decrease in emissions across their supply chain. “HP is taking some bold steps to respond to this challenge, not only by reducing our own footprint, but to fundamentally change the carbon footprint of IT,” said HP CEO Meg Whitman.
“We need to cultivate leadership that is ready and willing to drive innovation and lead progress towards the Clean Revolution,” said Sir Richard Branson.
Swiss Re Americas Chairman Philip Ryan added: “By addressing the crisis of climate change - through prevention, preparedness and financial protection - we can make our communities more resilient.”
“We are committed to telling the climate story and increase climate change awareness,” said David Kenny, The Weather Company Chairman and CEO. The Weather Company is the CWNYC 2013 Media Partner.
“This debate is an opportunity for conservatives to step forward with a bold alternative,” said Bob Inglis.
“The threat of climate change is a massive opportunity to innovate and create a clean energy, low-carbon economy. The issue isn't human inventiveness - it's political intransigence,” said Tom Steyer.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.