In this edition, more European vote coverage in: Anxiety ahead of ETS vote and EU Carbon Plunges 10% as Traders Sell Before Parliament Vote and Prince of Wales urges MEPs to support ETS back-loading proposals. Plus, stateside CME Group To Launch Contracts For Renewable Fuel Credits.

Quote of the Day:

“The president is an all-of-the above person and I am an all-of-the above person.”

–Energy Secretary Nominee Ernest Moniz in The AP’s “Moniz backs natural gas ‘revolution’”

Lead Stories

CME Group To Launch Contracts For Renewable Fuel Credits
The Wall Street Journal
Exchange operator CME Group Inc. (CME) plans to launch three contracts for renewable fuel credits starting in May, a spokesman said Monday, amid a surge in volatility for the credits.
http://jlne.ws/Xt0AG9

EMA’s RGGI Webinar
In case you missed yesterday’s Webinar, you can now access it at the following link. The Webinar was moderated by Gary Payne of Dominion. Presenters included Commissioner David Littell of Maine PUC and Vice Chair of RGGI, Inc., Chris MacCracken of ICF International and Dr. Bill Shobe of the University of Virginia.
http://jlne.ws/ZNEQRL

Shanghai to Start Emissions-Trading Trials Before End of June
Bloomberg
Shanghai, China’s financial center, said it will start trials of emissions trading before the end of June in an effort to reduce the intensity of its energy use and carbon discharges.
http://jlne.ws/YdIO6V

Moniz backs natural gas ‘revolution’
AP
President Barack Obama’s choice to lead the Energy Department pledged to increase use of natural gas Tuesday as a way to combat climate change even as the nation seeks to boost domestic energy production.
http://jlne.ws/Z9GjWx

Obama budget would increase U.S. clean-energy spending
Reuters
President Barack Obama proposed a dramatic increase in clean-energy spending on Wednesday as he sought to expand U.S. government support for electric cars, wind power and other “green” technology despite persistent Republican criticism.
http://jlne.ws/154wlKu

EU grid champion stuck in tangle of wires and pipes
Reuters
The grids that channel electricity and gas around Europe are among the most immovable of assets, yet they are changing hands as if they were cattle at a country fair.
http://jlne.ws/10WveYI

Europe wobbles on green energy costs
Financial Times
For nearly 20 years, any company interested in green energy has known exactly where the global epicentre of renewable power is located: Europe.
http://jlne.ws/ZnKIRT

Poland government backs energy law changes as EU fines loom
Reuters
The Polish government said it had backed a parliamentary energy law proposal designed to help the coal-reliant nation avoid fines for failing to write European Union renewable energy rules into its national law.
http://jlne.ws/XDWDkk

Failure to put climate on G8 agenda will cast a shadow on ‘greenest government’
The Guardian
On Wednesday, William Hague will host a meeting of foreign ministers from the G8 group of rich countries paving the way for a gathering of the countries’ leaders in June. The existential threat presented by Iran and North Korea is on the agenda for both. But the real and present danger of climate change will not be discussed at the leaders’ summit.
http://jlne.ws/YMeCnf

Events

Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
http://jlne.ws/11SrgTF

Carbon

Anxiety ahead of ETS vote
Europeanvoice.com
A majority of the centre-right EPP group is expected to reject the proposal. Environmental activists staged a mock carbon auction outside the European Parliament in Brussels yesterday (10 April) as fears grew that the Parliament will reject a Commission proposal to rescue the Emissions Trading Scheme (ETS) in a vote next week (16 April).
http://jlne.ws/Xt2dDK

EU Carbon Plunges 10% as Traders Sell Before Parliament Vote
Bloomberg
European Union carbon permits fell the most in more than six weeks as traders sold before the bloc’s parliament meets next week to vote on a proposal to enable temporary withholding of permits.
http://jlne.ws/11VNi6G

Prince of Wales urges MEPs to support ETS back-loading proposals
The Parliament
A group backed by Britain’s prince of Wales is urging MEPs to support the commission’s backloading proposal on emissions trading.
http://jlne.ws/Z9L0jg

Natural Gas/Coal/Alternate Fuels

US ethanol producers brace for biofuel mandate fight in Congress
Reuters
U.S. ethanol producers are taking their case for protecting the nation’s biofuel mandate directly to lawmakers this week, as the latest Congressional push to revamp federal renewable fuel targets kicks off on Wednesday.
http://jlne.ws/Z9Ippt

Qatar gives Egypt $3bn aid package
Financial Times
Qatar will grant cash-strapped Egypt an extra $3bn in financial aid, the tiny energy-rich kingdom’s premier announced on Wednesday in a move that surprised many observers.
http://jlne.ws/ZnKTgb

Lawmakers look to move biofuel bill through House Energy Committee
The Hill’s E2 Wire
A bipartisan group of lawmakers is having discussions with the chairman of the House Energy Committee about bringing forward legislation to gut a federal biofuel law.
http://jlne.ws/XE04Hz

Power

Duke Energy Buys 21 Megawatts of Solarworld Farms in California
Bloomberg
Duke Energy Corp. (DUK), the largest U.S. utility owner by market value, bought two Solarworld AG (SWV) projects in Southern California with total capacity of 21 megawatts.
http://jlne.ws/14YxgvE

House votes 416-7 in favor of easing hydropower regs
The Hill’s E2 Wire
A nearly unanimous House voted Wednesday to ease federal regulations that govern the development of hydropower around the country, something that the bill’s supporters say would help develop cheap, clean energy and create jobs.
http://jlne.ws/10U1ryR

Reports

Clearing the Air: Reducing Upstream Greenhouse Gas Emissions from U.S. Natural Gas Systems (Posted April 8, 2013)

World Resources Institute
http://jlne.ws/10M9Um3

The State of Green Business 2013 (Posted February 12, 2013)
GreenBiz.com
http://jlne.ws/12K3WYL

Can the US Get There from Here? (Posted February 6, 2013)
WRI
http://jlne.ws/X5PgyQ

The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)
http://jlne.ws/WHQez7

View all reports >

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