Daily Archives: August 3, 2010

Masa Serdarevic

- Europe and natural gas – tough choices ahead?

- Fossil fuel subsidies are 12 times support for renewables

- The first 100 days of the gulf of Mexico oil spill, animated

- Will we find the ‘black swan’ of clean energy?

- Biofuels didn’t cause grain price booms, says World Bank

Fiona Harvey

The world is likely to warm by an average of more than 1.5°C above pre-industrial levels, according to a new report from the Grantham Research Institute on Climate Change and the Environment, the Centre for Climate Change Economics and Policy, and the Met Office Hadley Centre.

Climate scientists regard a rise of more than 2 degrees as taking the planet beyond the limit of safety.

The research was published to coincide with the current round of climate change negotiations, now taking place in Bonn. One of the topics of discussion, which also dominated the agenda for several days at Copenhagen, is whether the current international goal – enshrined in the Copenhagen Accord – of holding temperatures to 2°C should be toughened, to oblige nations to try to hold warming to no more than 1.5°C.

Masa Serdarevic

- New leak halts final tests before BP’s ‘static kill’ – FT

- BP aims to ‘kill’ well as early as Tuesday – Reuters

- Kinross to buy Red Back Mining for $7.1bn – FT

- Oil is near three-month high after breaching $81 for the first time since May – Bloomberg

- Gulf spill is the largest of its kind, scientists say – NYT

- Mitsui’s Moex unit gets $480m oil-spill bill from BP, won’t pay yet - Bloomberg

- Expert points to window for fossil fuel tax – FT

- Potanin’s man appointed Norilsk president – FT

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