Mixed feelings in today’s edition: Arctic route could be opening soon. This is good news for LNG shipping, but also the result of climate change. Mixed views also on two countries. First, China, which seems more and more determined to curb emissions. The world’s biggest emitter wants to develop geothermal energy in the near future. Second, Australia. It’s current prime minister is adamant: the carbon-price system – deemed the best mechanism to address climate change – has to go.
Quote of the day
“The government will continue to pursue its repeal.”
Eric Abetz, leader in the Australian Senate, in the Bloomberg’s story (Australia’s PM) Abbott Seeks Carbon-Price Repeal Next Week After Losing Vote
Arctic LNG Route Soon to Launch; China, Japan 1st Shippers
Esther Tanquintic-Misa, International Business Times
The Arctic Ocean will soon be seeing more and more liquefied natural gas (LNG) shipping carriers plying its waters.
***LB: Also in this story “Japan’s Mitsui O.S.K. Lines Ltd. on Wednesday announced it targets to use the unchartered territory to move its LNG Russia to its clientele in Europe and Asia.”
China Calls for Local Planning on Geothermal Energy Use
China, the world’s biggest carbon emitter, asked local authorities to draft plans for geothermal energy use by 2020 and submit them by the end of this year.
China’s Tianjin extends carbon deadline again
China’s Tianjin has extended the deadline for its biggest carbon producers to comply with the city’s emissions trading scheme a second time, giving companies two more weeks to hand over permits to the government.
(Australia’s PM) Abbott Seeks Carbon-Price Repeal Next Week After Losing Vote
Jason Scott, Bloomberg
Legislation to repeal Australia’s carbon-price mechanism, rejected by the upper house today, will be re-introduced in parliament and should pass next week, the government said.
Tepco Says It Has Turned Corner on Fukushima Nuclear Clean-Up
Yuriy Humber, Bloomberg
Tokyo Electric Power Co. said that after three years of mishaps it’s starting to gain control over decommissioning work at its Fukushima Dai-Ichi nuclear station, as Japan’s biggest utility begins building an ice wall around the damaged reactors.
Poland a challenge to EU 2030 climate goals, warns Ed Davey
Megan Darby, RTCC (Responding to Climate Change)
Poland is “the real challenge” to a European agreement on carbon cutting targets for 2030, the UK energy secretary has warned.
***LB: Also in this story “Brussels is aiming to agree a 2030 climate and energy package by October, that can contribute to global negotiations in Lima scheduled for December. Draft proposals published by the European Commission in January included a 40% carbon reduction target.”
EU Parliament to consider carbon price fix this fall
Timothy Cama, The Hill
The European Union’s Parliament will start work this fall on a measure aimed at increasing carbon dioxide prices in the emissions trading system by setting supply controls.
EU and industry team up for multi-billion Euro clean tech push
The EU has announced the latest phase of its Horizon 2020 80bn euros R&D funding programme, inviting applications for a share of 1.13bn euros, the majority of which has been earmarked for clean tech projects.
Analysis – EU energy market: Pipe dream
Christian Oliver, Financial Times
Poland’s prime minister, Donald Tusk, has a battle on his hands. In April he proposed a European energy union to address one of the most glaring strategic weaknesses of a continent that imports more than half its energy. He will need all his reserves to achieve the goal.
(UK) Labour: CCS is a necessity, not an option
James Murray, BusinessGreen
Labour yesterday published a detailed policy position paper on the future of the carbon capture and storage (CCS) sector, outlining how it plans to mobilise significant investment in the fledgling industry if it wins the next election.
(UK) High Court rules solar firms entitled to compensation over illegal subsidy cuts
James Murray, BusinessGreen
The long-running saga over the government’s controversial 2011 decision to cut financial support for solar installations has taken another twist today, as the High Court ruled that the unlawful policy changes meant a number of solar firms were entitled to compensation.
House Republicans threaten to subpoena EPA over carbon rules
Timothy Cama, The Hill
House Republicans threatened to subpoena Environmental Protection Agency (EPA) Wednesday for various documents related to its rule unveiled last year to limit carbon emissions from new power plants.
Panel votes to cut EPA funding, block regulations
Timothy Cama, The Hill
A House subcommittee approved legislation Wednesday that would cut the Environmental Protection Agency’s (EPA) funding by 9 percent while stopping the agency from finishing carbon pollution regulations for power plants.
House rejects cuts to DOE energy efficiency programs
Cristina Marcos, The Hill
The House on Wednesday rejected 110-310 a proposal to eliminate all funding for Department of Energy programs to promote energy efficiency and renewable energy.
Court to hear Keystone case in September
Timothy Cama, The Hill
Nebraska’s highest court will hear a case on the Keystone XL pipeline’s route in the state in September, possibly pushing the federal decision on the pipeline past the elections.
EPA’s Sec. 111(d) Proposal
Jul 10, 2014 12:30pm – Jul 10, 2014 06:00pm EST
Offices of Hunton & Williams, 2200 Pennsylvania Avenue, N.W.,Washington, D.C.
EMA’s 18th Annual Meeting
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts.
October 22 – 24, 2014
Santa Monica, CA
FT European Gas Summit
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
UN plans to make its carbon credits available to all
Megan Rowling, Thomson Reuters Foundation
The United Nations climate change secretariat is planning to enable local governments, companies and individuals to offset their planet-warming emissions using U.N.-certified carbon credits.
Grant carbon, development space to developing countries: Survey
Indo Asian News Service
Against the backdrop of over 190 countries pledging emission cuts for the post-2020 period, the new climate deals must ensure developing countries are granted the required “carbon and development space”, India’s Economic Survey for 2013-14 said Wednesday.
Zero carbon and economic growth can go together, UN study says
Oliver Milman, theguardian.com
Australia could slash its carbon emissions to zero by 2050 and still experience average economic growth of 2.4% a year, according to a UN-backed study.
***LB: Also in this story “Despite this dependence on fossil fuels, “fundamental changes” to Australia’s energy system could allow it to cut its emissions to zero by 2050 while maintaining economic growth of 2.4% a year, on average.”
Five reasons for the new (Australian) senate to keep the carbon price
Alex White, The Guardian (Blog)
This week, the Abbott government has attempted to cut debate on its proposal to repeal the Clean Energy Future Act and abolish Australia’s carbon price.
Qantas scraps carbon surcharge on domestic flights, but airfares won’t fall
Jamie Freed, The Sydney Morning Herald
Qantas Airways has officially abandoned a “carbon surcharge” on its domestic and regional fares in anticipation of the likely repeal of the carbon tax.
Three firms buy 510,000 African carbon credits in H1 2014
Michael Szabo, Reuters
Three major international commodity traders bought a total 510,000 African carbon offsets from clean energy project developer ecosur afrique in the first half of 2014, showing some demand still exists for credits from the battered U.N. market.
Natural gas / coal
EEX New Participant Derivatives Market Power and Natural Gas: Youtrade S.p.A.
Youtrade S.p.A. additionally has been admitted to exchange trading on the Derivatives Market for Power as well as Natural Gas in the market area NCG.
Standard & Poor’s Cuts Rating for Puerto Rico Electric Power
Standard & Poor’s Ratings Services slashed its rating on the Puerto Rico Electric Power Authority’s revenue bonds by four notches to B- from BB, citing the agency’s inability so far to negotiate the renewal of a line of credit from Citibank and the threat of potential debt restructuring.
Britain Pushes Hard on Nuclear Power
New York Times
There are few places in the West where companies that build nuclear plants are welcome to construct new ones.
Price of electricity could double over next 20 years, says (UK) National Grid
Terry Macalister, The Guardian
The price of electricity could double over the next two decades, according to forecasts published on Thursday by the National Grid, the company responsible for keeping Britain’s lights on.
China makes new electric cars tax-free
China will exempt electric cars and other types of “new energy” vehicles from purchase tax, the government said, as it seeks to reduce pollution and conserve resources.
Clean energy SMEs connecting off-grid communities are starved of funding
Julia Hawkins, theguardian.com
There’s a growing buzz about the potential for business to fill the huge energy gap across the developing world, where 1.3 billion people live without grid electricity and a staggering 3 billion people cook on open fires or dirty cookstoves.
Food waste is so yesterday — think biogas instead
Rachel Cernansky, GreenBiz
In February, trucks from Waste Management, Inc. started working new routes in Los Angeles County, California.
Apple targets rising water use, production partners’ emissions
Apple Inc acknowledged on Wednesday it needs to address manufacturing partners’ carbon emissions and its own rising water consumption, though the iPhone maker said it had cut back sharply on greenhouse gas output.
In Rare Effort, Ohio Scientist to Test Water Before Fracking Soars
Lisa Song, InsideClimate News
As the shale gas boom was making its way into Ohio in 2012, University of Cincinnati scientist Amy Townsend-Small began testing private water wells in Carroll County, the epicenter of the Utica Shale.
State water board proposes outdoor watering restrictions
Bettina Boxall, Los Angeles Times
Urban water agencies across California would have to impose mandatory restrictions on outdoor watering under a proposed state rule.
EDF nuclear deal is a bad economic bet
Tom Burke (Blog), theguardian.com
It has always been difficult to see what was attractive about the proposed deal with EDF to build a nuclear reactor at Hinkley Point in Somerset.