In this edition, market updates in EU capped carbon emissions fell 1.4 percent in 2012 and India seeks return on energy efficiency beyond the carbon market. Plus, U.S. Oil Exports Get Second Look and Japan Approves Power-Industry Overhaul.

Quote of the Day:

“Traders had no reason to expect surprises because the economic outlook and decrease in industrial production output were already priced in a long time ago.”

–Carbon trader quoted in Reuters’ “EU capped carbon emissions fell 1.4 percent in 2012”



Lead Stories

EU capped carbon emissions fell 1.4 percent in 2012

Emissions from power plants and factories covered by the European Union’s carbon market fell by 1.4 percent last year, preliminary like-for-like data showed on Tuesday, helping keep the EU on track to reach its 2020 emissions reduction target.
**RKB — By country: among some of the biggest EU economies, Britain’s emissions rose 4.7%, France’s rose 3.9% and Germany’s by 0.5%; Poland was down 3.2% and Italy’s emissions fell by 5.7%.

India seeks return on energy efficiency beyond the carbon market
Thomson Reuters Alert Net
When U.S.-based carbon investment firm C-Quest Capital first came to India in August 2010 to distribute energy-efficient lighting at scale, it did not anticipate suspending operations less than two years later.

With Stanford Fellowship, Senate Renewable Energy Advocate Shuns K Street Path
The New York Times
Jeff Bingaman, a New Mexico Democrat who retired as chairman of the Senate Energy and Natural Resources Committee in January, is going to Stanford Law School on a one-year fellowship to specialize in renewable energy, as Stanford becomes a kind of energy-in-exile center.
**RKB – Bingaman, Chu, Shultz. Who next?

NASA top climate scientist James Hansen to retire from Goddard Institute, sue gov’t
Fox News
Talk about biting the hand that feeds you!
NASA’s James Hansen, director of the Goddard Institute for Space Studies and a controversial and highly vocal voice of alarm about the planet’s changing climate, will retire as the director of the space institute, NASA announced Tuesday — and plans to immediately sue his former employer.

Republican Born Roosevelt Digs Deep for Texas Oil Found With CO2
Bloomberg Markets Magazine
Elliott Roosevelt Jr., a grandson of U.S. PresidentFranklin Delano Roosevelt, grins and leans toward visitors in his Dallas office to describe his biggest discovery in 53 years as an oilman. After nursing a single 10-barrel-a-day well in a desolate stretch of westTexas for two decades, Roosevelt, 76, is embracing a technique he says can liberate a third of the 1.8 billion barrels of petroleum stuck a mile below, Bloomberg Markets magazine will report in its May issue.

Oil Exports Get Second Look
The Wall Street Journal
The U.S. energy industry is suddenly talking about something that was unthinkable a few years ago: exporting crude oil.

Japan Approves Power-Industry Overhaul
The Wall Street Journal
Japan is set to reshape its domestic power industry by splitting nine regional utilities into generation, grid and retail companies, and eliminating restrictions on pricing by as early as 2018.

Japan Approves Mega Solar Power Project in Kyushu, Paper Says
A remote island off Sasebo city in southernJapan has won permission to construct one of Japan’s biggest solar power plants, the Nagasaki newspaper said.

S.Africa’s Standard, China’s ICBC to fund $2 bln in green energy
South Africa’s Standard Bank said on Tuesday it had agreed to fund 20 billion rand ($2.2 billion) worth of renewable energy projects in Africa’s biggesteconomy together with the Industrial and Commercial Bank ofChina.


Complimentary EMA Member Webinar

Proposed Changes in the Regional Greenhouse Gas Initiative and the Potential Impacts
Tuesday, April 9, 2013
11:00am – 12:00pm EDT
Moderator: Gary Payne, Dominion
Presenters: James Hough, PSEG; Thad Huetteman, PEAR; Bill Shobe, University of Virginia

Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18

CO2 closer to creating carbon credits

The West Australian
Carbon offset company CO2 says it has registered its first projects with the Clean Energy Regulator allowing it to create carbon credits for its clients.

First Polish carbon permit auction clears at 18.90 zloty
Reuters Point Carbon
Poland sold 191,798 second phase spot EU Allowances at 18.90 Polish zloty (4.51 euros) in its first ever carbon permit auction on Tuesday, the country’s emissions trading authority (Kobize) said.
Natural Gas/Coal

TransCanada moves forward on West-East oil pipeline plan

TransCanada Corp on Tuesday pushed ahead with plans to take Western Canadian crude to eastern refineries and Canada’s busiest oil port as it seeks new markets beyond those it wanted for its stalled Keystone XL pipeline project.

Glencore pushes back Xstrata deal due to China probe
Glencore said on Tuesday it had again extended the date by which it expects to close its merger with Xstrata, due to the ongoing investigation into the deal inChina.

Valero: EPA Gasoline Plan Would Cost Hundreds of Millions of Dollars
The Wall Street Journal
Valero Energy Corp.VLO -5.69% said the cost of complying with proposed pollution standards for gasoline would cost hundreds of millions of dollars in equipment construction and upgrades alone.

Germany’s 2012 power exports climb despite nuclear phase-out

Germany exported more electricity last year than it imported, data from the Federal Statistics Office showed on Tuesday, dispelling fears about possible power shortages due to its transition from nuclear to renewable energy.

Borrego Solar Expands in Puerto Rico as Island Extends Subsidies
Borrego Solar Systems Inc. is developing its first utility-scale solar-power plants in Puerto Rico as the island extends subsidies for renewable energy.

A Building Not Just Green, but Practically Self-Sustaining

The New York Times
When an office building here that bills itself as the world’s greenest officially opens later this month, it will present itself as a “living building zoo,” with docents leading tours and smartphone-wielding tourists able to scan bar codes to learn about the artfully exposed mechanical and electrical systems.

Saudi Water Signs Contract to Treat Industrial Wastewater

Saudi Arabia’s National Water Co. agreed with Jeddah-basedMiddle East Paper Co. to a $27 million deal to treat 5,000 cubic meters of industrial wastewater a day for 20 years, according to astatement citing the state-owned company’s chief executive officer, Loay al-Musallam.

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)

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)

Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)

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