Today’s issue features more from Australia on its ETS and Obama’s push into nat gas.

Quote of the Day:

“I believe CCS will still be a key part of the technical basis for the performance standard for coal.”

–Dan Lashof, Director of the NRDC’s climate and clean air program, in Ecosystem Marketplace’s “Offsetting Not An Option In Upcoming EPA Carbon Rules.”

Lead Stories

Forrister And Bledsloe Misunderstanding The Difference Between Cap And Trade And A Carbon Tax
Forbes Contributor Network
A small point in an otherwise rather good NYT Op/Ed on the various methods of taking action about carbon emissions and climate change. Their political argument, that regulation is very much a second best solution but if Congress won’t allow anything else then, well, whaddayagonnado I have some sympathy with. However, there’s a definite economic problem with this statement of theirs:
http://jlne.ws/11XEmhP

ETS link can only hurt us
The Australian
IN early June, the winds in the state of Denmark were still. The turbines on the nation’s wind farms were turning slowly. In the suburbs of Copenhagen and other major towns and cities, the price of Denmark’s reliance on renewable energy was exacting a heavy toll on the householders.
http://jlne.ws/17hV9fq

Is Obama’s Own Party Waging War on Energy Plans?
By Daniel J. Graeber – Wall Street Cheat Sheet
The White House last week announced it was clearing out its in-box for liquefied natural gas export licenses by signing off on plans for a terminal in Lake Charles, La. The third such measure could lead to the delivery of as much as 2 billion cubic feet of natural gas to foreign markets for the next 20 years. The Obama administration has made a low-carbon economy a centerpiece of its second-term agenda. Republican critics of the president said his green plans are hurting the economy. This time, it’s the president’s own party expressing concerns about his decisions.
http://jlne.ws/162lIGn

Fracking push blinding government to greener energy, say campaigners
Guardian
Exploiting the potential of biogas from waste instead of fracking could create tens of thousands of jobs, proponents say.
http://jlne.ws/15kyVGy

California buys $100 mln of World Bank’s ‘green bonds
Reuters
California State Treasurer Bill Lockyer’s office said on Friday it completed a deal to buy $100 million of “green bonds” issued by the World Bank, marking its third purchase of the debt.
http://jlne.ws/16743Qp

Why an Ice Age Occurs Every 100,000 Years: Climate and Feedback Effects Explained
Science Daily
Science has struggled to explain fully why an ice age occurs every 100,000 years. As researchers now demonstrate based on a computer simulation, not only do variations in insolation play a key role, but also the mutual influence of glaciated continents and climate.
http://jlne.ws/1bivHcy

Events

Water and Society 2013
September 4-6
New Forest, U.K.
http://jlne.ws/13bNnUA

EMA’s 17th Annual Meeting
September 25-27
Las Vegas
http://jlne.ws/192w3CR

Climate Strategies Forum
Association of Climate Change Officers
October 14-17
Washington, D.C.
http://jlne.ws/14cGFtN

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco
http://jlne.ws/1bAKXT4

FT Global Shale Energy Summit
October 21
London
http://jlne.ws/1cemi7d

Solar Power International
October 21-24
Chicago
http://jlne.ws/184e0wa

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
climateleadershipconference.org/

Carbon

Offsetting Not An Option In Upcoming EPA Carbon Rules
Gloria Gonzalez – Ecosystem Marketplace
Obama’s Push For Carbon Regulations Seen Boosting State Trading System
Forestry, land use and other types of offsets are likely to be shut out of the carbon regulations soon to be proposed by the US Environmental Protection Agency. But the Obama administration will be supporting such projects through other programs as part of its efforts to ensure the US follows through on its emissions reduction pledge.
http://jlne.ws/11XFiCT

What will it take for airlines emissions reductions to get off the ground?
Annie Petsonk – Business Green
The aviation industry can affordably meet and beat its goal of halting carbon emissions growth from 2020 if it uses high-quality, low-cost carbon offsets, according to a new analysis from Environmental Defense Fund and Bloomberg New Energy Finance. This analysis comes on the heels of a consolidated industry call for the governments of the International Civil Aviation Organization (ICAO) to commit, at their next triennial September meeting, to adopt a mandatory global program to limit aviation’s carbon pollution by 2016 at the latest. While forecasts are inherently uncertain, best estimates indicate that while new technologies, operations and infrastructure can help the industry dampen emissions growth, substantial increases in aviation emissions are likely after 2020. Consequently, to meet their proposed mandatory goal of “carbon-neutral growth from 2020,” it is very likely that airlines will need some kind of carbon offsetting mechanism.
http://jlne.ws/18nA8Rx

Japan Boosts Carbon Credits Investment in Emerging Markets
Leon Kaye – Triple Pundit
Many lights in Ginza have been dimmed due to Japan’s increased reliance on fossil fuels
This week the government of Japan inked an agreement with the southeast Asian nation of Laos that will permit Japanese firms to earn carbon credits and assist the landlocked country of 6.2 million with the reduction its carbon dioxide emissions. This is the seventh such agreement under the Joint Crediting Mechanism (JDM) between Japan and a developing country.
http://jlne.ws/13RlvWS

Cap-and-trade system issues new types of carbon credits
Sacramento Business Journal
California’s controversial cap-and-trade system may be fighting two different lawsuits, but the state is still forging ahead with important changes to the program.
http://jlne.ws/16JN7he

Natural Gas/Coal

Biofuel Credit Shortage to Boost U.S. Gasoline Exports, IEA Says
Bloomberg
A shortage of biofuel credits needed for gasoline sales in the U.S. may lead to an increase in exports of the fuel from America in 2014, according to the International Energy Agency.
http://jlne.ws/19mjYwh

Amyris to Get Up to $60 Million in Temasek Funding for Biofuels
Bloomberg
Amyris Inc. (AMRS), the biotechnology company part-owned by Total SA, will sell as much as $60 million in convertible notes to Temasek Holdings Pte.
http://jlne.ws/1eD1y7t

Power

German Utilities Hammered in Market Favoring Renewables
Bloomberg
Germany, Europe’s biggest electricity market, is beating up its traditional utilities.
http://jlne.ws/162sQCA

Reports

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Polices Unit
http://jlne.ws/19LKChs

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://jlne.ws/12z1YK5

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank
http://jlne.ws/14KrLza

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
IEA
http://jlne.ws/12Bpk41

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace
http://jlne.ws/12Cyi0X

Mapping carbon pricing initiatives: developments and prospects (Posted May 30, 2013)
World Bank
http://jlne.ws/15iik9E

Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change
http://jlne.ws/ZWPD1Z

View all reports >

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