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’”
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.
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.
Shanghai to Start Emissions-Trading Trials Before End of June
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.
Moniz backs natural gas ‘revolution’
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.
Obama budget would increase U.S. clean-energy spending
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.
EU grid champion stuck in tangle of wires and pipes
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.
Europe wobbles on green energy costs
For nearly 20 years, any company interested in green energy has known exactly where the global epicentre of renewable power is located: Europe.
Poland government backs energy law changes as EU fines loom
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.
Failure to put climate on G8 agenda will cast a shadow on ‘greenest government’
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.
Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
Anxiety ahead of ETS vote
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).
EU Carbon Plunges 10% as Traders Sell Before Parliament Vote
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.
Prince of Wales urges MEPs to support ETS back-loading proposals
A group backed by Britain’s prince of Wales is urging MEPs to support the commission’s backloading proposal on emissions trading.
Natural Gas/Coal/Alternate Fuels
US ethanol producers brace for biofuel mandate fight in Congress
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.
Qatar gives Egypt $3bn aid package
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.
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.
Duke Energy Buys 21 Megawatts of Solarworld Farms in California
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.
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.
Clearing the Air: Reducing Upstream Greenhouse Gas Emissions from U.S. Natural Gas Systems (Posted April 8, 2013)
World Resources Institute
The State of Green Business 2013 (Posted February 12, 2013)
Can the US Get There from Here? (Posted February 6, 2013)
The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)