In this edition, Canada’s Globe and Mail digs in to Alberta’s planned emission cuts, taxes, and the industry reaction. In other markets, Longest Water Pipeline Being Built in Turkey, Zaman says.

Quote of the Day:

“We’ve got more work to do in terms of dealing with climate change and making sure that we’ve got an economy that is energy-efficient, that is productive, that is cutting-edge, and thinks about not just the energy sources of the past, but also the energy promise of the future.”

–U.S. President Barack Obama in ABC’s “Obama Talks Climate Change at Calif. Fundraisers”

Lead Stories

CFTC Issues Final Order To Exempt Certain Non-Financial Energy Derivative Transactions between Government And/Or Cooperatively-Owned Electric Utilities
Press Release
The Commodity Futures Trading Commission (CFTC) approved by a seriatim vote of 5 – 0 a Final Order that exempts certain non-financial energy derivative transactions between and amongst government-owned electric utilities and cooperatively-owned electric utilities from most of the requirements of the Commodity Exchange Act (CEA).
http://jlne.ws/ZBoVWE

Alberta faces high hurdles with ambitious carbon reduction plan
The Globe and Mail
The proposed ratcheting up of Alberta’s carbon levy stands to win few plaudits from oil-sands opponents who have targeted TransCanada Corp.’s Keystone XL pipeline, and would set emission reduction targets that many companies may find impossible to meet.
http://jlne.ws/13VUd3a

Alberta’s bold plan to cut emissions stuns Ottawa and oil industry
The Globe and Mail
The Alberta government has quietly presented a proposal to sharply increase levies on carbon production and force large oil-industry producers to slash greenhouse gas emissions by as much as 40 per cent on each barrel of production, a long-term plan that has surprised Ottawa and industry executives with its ambition.
http://jlne.ws/10D67aH

Merkel Losing Allies in $700 Billion Shift to Renewable Energy
Bloomberg
Chancellor Angela Merkel is losing support from her two biggest allies in the utilities industry as their mounting debt prompts a retreat from renewable-power expansion, undermining her $700 billion program to reshapeGermany’s energy market.
http://jlne.ws/14RMLFM

Green groups urge U.S. to back off Indian solar trade case
Reuters
U.S. environmental groups are pressing President Barack Obama’s administration to back off a World Trade Organization case against India they say threatens the ability of the world’s second most populous country to cut greenhouse gas emissions.
http://jlne.ws/12nzRuV

Japan to Become Largest Solar Market After China, BNEF Says
Bloomberg
Japan will probably become the largest solar market in the world after China this year, boosted by an incentive program that offers above-market rates for energy from renewable sources.
http://jlne.ws/10AGwAB

Obama Talks Climate Change at Calif. Fundraisers
ABC News
In the first fundraisers he’s attended since winning re-election, President Obama discussed climate change with California donors while opponents of the Keystone XL pipeline protested outside of one of the events.
http://jlne.ws/Y198Bj

Foreign demand for beef, soybeans adds pressure on Amazon forest
Reuters
Rising foreign demand for beef and soybeans will temptBrazil to clear more of the Amazon rainforest, in a reversal of recent success in slowing forest losses, a study said on Thursday.
http://jlne.ws/Yzhxja

Events

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
http://jlne.ws/ZCRw1a

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

Carbon

Carbon farming credits approach 400,000
Climate Spectator
According to the Clean Energy Regulator 393,451 Australian Carbon Credit Units (ACCUs) have been issued as part of the Carbon Farming Initiative between 1 January 2012 and 31 March this year. Each ACCU represents at least one tonne of carbon dioxide equivalent (CO2-e). ACCUs may be issued for eligible offsets projects that avoid or reduce greenhouse gas emissions to the atmosphere as well as those that store carbon from the atmosphere in vegetation, dead organic matter and soil.
http://jlne.ws/ZCPpap

Natural Gas/Coal/Alternative Fuels

Does Tar Sand Oil Increase the Risk of Pipeline Spills?
Scientific American
An oil flood through an Arkansas subdivision on March 29 is just the most recent example of pipeline problems in the U.S. In recent weeks, months and years diesel has leaked from a pipeline into wetlands near Salt Lake City; oil has spilled into the Yellowstone River in Montana; and about 20,000 barrels of oil have spewed into the Kalamazoo River in Michigan. The question:Is the problem the pipelines themselves or what they carry?
http://jlne.ws/11u31tk

NV Energy proposes to shut Nevada coal-fired power plants
Reuters
Nevada power company NV Energy Inc proposed a plan to accelerate the retirement of its coal-fired generating facilities and the construction of natural gas and renewable power plants.
http://jlne.ws/10D4UjM

Texas Refinery Is Saudi Foothold in U.S. Market
The New York Times
It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin.
http://jlne.ws/11udghu

Vietnam to Push Ahead With Offshore Exploration
The Wall Street Journal
State-owned Vietnam Oil & Gas Group, or PetroVietnam, plans to keep buying foreign oil-and-gas assets and hopes to be producing close to 100,000 barrels a day of oil overseas by 2020, four times the volume expected this year, the company’s chief executive said.
http://jlne.ws/16uqpq3

Lawmakers Scrutinize EPA Gas Standards
The Wall Street Journal
The costs of implementing a tough new gasoline standard introduced by the Obama administration are coming under scrutiny from U.S. lawmakers.
http://jlne.ws/10x6mqn

Power

PG&E Approved to Buy Power From 100-Megawatt SunPower Solar Farm
Bloomberg
PG&E Corp. (PCG), the owner of California’s largest utility, received approval from regulators to buy power from a 100-megawatt solar farm that SunPower Corp. plans to build in the state.
http://jlne.ws/16AhHsc

JinkoSolar Gets $58 Million Loan From China Development Bank
Bloomberg
JinkoSolar Holding Co. Ltd. said it signed an agreement with ChinaDevelopment Bank Corp. for a 360 millionyuan ($58 million) loan to support its domestic photovoltaic projects.
http://jlne.ws/12nFBVx

RECs

IRS Boosts 2013 Renewable-Energy Tax Credit Because of Inflation
Bloomberg
The U.S.Internal Revenue Service is increasing the production tax credit available this year for energy generated by wind, geothermal, solar and closed- loop biomass because of inflation.
http://jlne.ws/16AhPrE

Water

Longest Water Pipeline Being Built in Turkey, Zaman Says
Bloomberg
Turkey is working to finish a 9,300- kilometer (5,800-mile) water pipeline in the Harran Plain that when done later this year will be the world’s longest, the Today’s Zaman newspaper reported.
http://jlne.ws/ZfooRi

Hyflux Signs China Water Project Collaboration Memos for Yunnan
Bloomberg
Hyflux Ltd. (HYF), Singapore’s largest publicly traded water company, signed memos of understanding for project collaborations with the prefectural governments of Chuxiong and Qujing in China’s Yunnan province.
http://jlne.ws/Y1b4tz

DF Suez’s Wastewater Plant in Casablanca Inaugurated by King
Bloomberg
GDF Suez (GSZ) SA, the biggest Europen utility by market value, said Morocco’s King Mohammed VI and French PresidentFrancois Hollande inaugurated its Mediouna wastewater treatment plant in Casablanca.
http://jlne.ws/XUgNWg

Reports

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

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
http://jlne.ws/S5HNAg

Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)
Verdantix
http://jlne.ws/QM1A6f

View all reports >

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