In this edition: Business Green offers: “Report: Emerging Asian economies face highest risk from climate disasters” and “Mega-deals drive boost in European renewables.” And in exchange news: “June Carbon Premium Widens to Record After ICE Installs Deadline” and “Germany Sells 850,000 EU Carbon Permits at 7.47 Euros on EEX,” says
Bloomberg.

Quote of the Day:

“We are particularly interested in the water sector. Over the past decade, we’ve seen a steady increase in the number of drought-related events around the world, and have been building up our water exposure accordingly.”

Impax Chief Executive Officer Ian Simm in Bloomberg’s “Water Shortages Means 44% Return for Impax’s Water Strategy”

Lead Stories

Commentary: Carbon Taxes Cut Debt, Cool Planet
Bloomberg
Absent some profound shift in our penchant for burning coal, oil and gas, the Earth is expected to warm as much as 11.5 degrees Fahrenheit over the next 100 years, causing more weather-related destruction.
http://jlne.ws/PlRhmA

Dubai Mercantile Exchange Celebrates Five Years of Consistent Growth in Trading Volumes
Press Release
Dubai Mercantile Exchange (DME) is this month celebrating its fifth anniversary. Since its launch in June 2007, DME has established itself as the premier international energy futures and commodities exchange in the Middle East, recording consistent year-on-year trading growth. The Oman Crude Oil Futures Contract (DME Oman), the Exchange’s flagship contract, is now the most credible oil benchmark relevant to the Asian market.
http://jlne.ws/N1qHkP

Leading Banks Commit to Valuing Natural Capital
Environmental Leader
Leading banks commit to Valuing Natural Capital Risk at Rio+20, but why, and how will this translate into action?
http://jlne.ws/PlS1Z6

Report: Emerging Asian economies face highest risk from climate disasters
Business Green
Some of Asia’s most important economies face the highest financial risk from the threat of natural hazards, because their cities and trading hubs are highly exposed to climate-related impacts such as flooding.
http://jlne.ws/Ri1tA1

Mega-deals drive boost in European renewables
Business Green
New figures from PwC show renewables deal activity bounced back strongly during the second quarter, but year-on-year comparisons less encouraging.
http://jlne.ws/N4PjTG

THE REPORT:
European Power & Renewables Deals: Quarterly M&A outlook
Pricewaterhousecoopers
http://jlne.ws/TFZjaV

Water Shortages Means 44% Return for Impax’s Water Strategy
Bloomberg
Impax Asset Management Group Plc (IPX), a London-based investor managing 1.8 billion pounds ($2.8 billion) in clean-energy funds, is taking a bigger stake in water-related companies as droughts reduce supplies.
http://jlne.ws/N4MS3N

Comment: Why it’s important we give the REDD mechanism a chance
RTCC.org
REDD+ aims to deploy market forces to combat deforestation and land degradation. But is it working, and should we really put a price on trees and forests? Tara O’Shea from the Code REDD scheme argues it’s the best way forward.
http://jlne.ws/PqgFGb

US energy wars intensify as Obama lampoons Romney’s anti-wind stance
Business Green
The election-year row over the direction of US energy policy ratcheted up a notch yesterday, as President Obama and Republican challenger Mitt Romney set out competing visions for the future of America’s energy mix.
http://jlne.ws/TFYQFG

Obama, Romney talk energy in battleground states
Los Angeles Times
President Obama visited an Iowa farm Tuesday where a family grows corn and soybeans while also generating wind energy with several turbines on their 1,000 acres. Republican Mitt Romney spent time at an Ohio coal mine, speaking in front of hard-hat-wearing workers whose livelihood depends on continued demand for their often-maligned product.
http://jlne.ws/PlUl2l

Events

GreenGov Symposium
ACCO & White House Council on Environmental Quality
September 24-25, 2012
http://jlne.ws/OfOB9D

Carbon Forum North America
October 1-2, 2012
Washington, DC
http://jlne.ws/zDe43B

Sustainability Summit – Innovation Challenge
October 9, 2012
New York
http://jlne.ws/wKbX7U

EMA  2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
http://jlne.ws/NIFCwM

Carbon

June Carbon Premium Widens to Record After ICE Installs Deadline
Bloomberg
The premium for June European Union carbon permits over those for March widened to a record after the ICE Futures Europe exchange said it would not accept Phase 2 allowances for delivery into futures contracts after April.
http://jlne.ws/Q0RQyK

Germany Sells 850,000 EU Carbon Permits at 7.47 Euros on EEX
Bloomberg
Germany sold 850,000 European Union 2012 carbon permits at 7.47 euros ($9.18) a metric ton in an auction on the European Energy Exchange AG, according to the Leipzig-based company’s website.
http://jlne.ws/Sp8WZb  

California city eyes carbon credit revenue from its trees
Reuters Point Carbon
California’s seventh-largest city may try to bolster its strained budget by maintaining its 393,000-tree urban forest and selling carbon credits to regulated greenhouse gas emitters in the state’s forthcoming cap-and-trade program.
http://jlne.ws/TFY23K

Natural Gas/Coal

China’s water at risk from coal projects
UPI
The 16 large-scale coal bases that China has planned will trigger severe water crises in the country’s arid northwest, a new Greenpeace report warns.
http://jlne.ws/Q0WlcB

Coal India Says No Final Decision on Fuel Supply Agreement
Indolink
State-run Coal India Limited, the country’s largest coal miner, said its board reviewed the changes in the model fuel supply agreement (FSA) to be signed with the power firms, but did not take any final decision on it.
http://jlne.ws/NGNDk5

 

Power

Canadian Solar Falls After Loss Exceeds Estimates
Bloomberg
Canadian Solar Inc. (CSIQ), a solar-panel company with manufacturing operations in China, fell after reporting a second-quarter loss that exceeded analysts’ estimates.
http://jlne.ws/OjydEB

Ratch-Australia Plans to Spend A$1 Billion on Acquisitions, Wind
Bloomberg
Ratch-Australia Corp., 80 percent- owned by Thailand’s Ratchaburi Electricity Generating Holding Pcl (RATCH), plans to spend A$1 billion ($1.1 billion) in the next three years buying power plants and building wind farms.
http://jlne.ws/PbI4Ow

Prime Minister Fuels Debate Over Cheaper Electricity Prices Through Privatisation
Press Release
Australian Prime Minister, Julia Gillard, last week said that the state governments needed to accept some responsibility for the rise in electricity prices instead of making the Carbon Tax a scapegoat. Alan Belkin, from electricity price comparison service, Electricity Wizard, believes the renewed debate over privatisation, could be the impetus for change.
http://jlne.ws/PlU13u

Suntech Replaces CEO Zhengrong Shi With Finance Chief King
Bloomberg
Suntech Power Holdings Co. (STP), the world’s largest maker of solar modules, is replacing founder and Chief Executive Officer Zhengrong Shi with Chief Financial Officer David King.
http://jlne.ws/OgBUrN

Zorlu, Partner Get $273 Million Loan for Israel Power Plants
Bloomberg
Zorlu Enerji Elektrik Uretim AS (ZOREN), an electricity producer in Turkey, and its partner Edeltech Ltd. of Israel signed a 1.1 billion-shekel ($273 million) loan accord today with Bank Leumi Le-Israel Ltd. (LUMI) to finance two plant projects in the Jewish state.
http://jlne.ws/Ojz2gK

Fortum Plans $300 Million Solar Plant in Russia, Kommersant Says
Bloomberg
Fortum Oyj, Finland’s biggest utility, may build a $300 million solar-power station in Russia, Kommersant reported, citing Evgeny Zagorodny, deputy head of Russian Association of Solar Energy.
http://jlne.ws/NGI0SQ

German Consumers to Share Offshore Wind Farms Risk, FAZ Reports
Bloomberg
Germany wants power consumers to share the financial risk of sea-based wind farms and their links to the electricity grid, Frankfurter Allgemeine Zeitung reported, citing draft regulations from the Economy Ministry.
http://jlne.ws/MzrKad

RECs

Stream Energy Announces Upcoming Launch of “Clean Nation”        
Press Release/Renewable Energy World
Stream Energy, the world’s largest network marketer of energy, announced today that in the coming weeks it will roll out a bold new energy initiative to help clean up America through the purchase of Renewable Energy Certificates (RECs).                             
http://jlne.ws/Pqkpaz

RECs to help Indian wind grow by up to 15%, says Suzlon boss
Recharge
Suzlon chairman Tulsi Tanti claims the Indian wind-energy market is set to grow by 10-15% this fiscal year, despite the end of the accelerated depreciation (AD) tax incentive and the generation-based incentive (GBI) schemes.
http://jlne.ws/Q0Z5qi

CleanTech

Carbon Sciences to Build a Plant for the Production of Cleaner Gasoline
Press Release
Carbon Sciences Inc. (CABN), provider of a complete solution for transforming abundant and affordable natural gas into gasoline that burns cleaner than petroleum-based gasoline, today announced its plan to act as the project developer of a production plant in the U.S. The project will use ExxonMobil’s proprietary methanol to gasoline process.
http://jlne.ws/RhY3xh

Bill Gates lifts lid on solar-powered toilet with $6.5m funding
Business Green
California Institute of Technology wins top ‘Reinventing the Toilet’ prize for solar system that breaks down waste into hydrogen gas.
http://jlne.ws/QDBcFS

Reports

European Power & Renewables Deals: Quarterly M&A outlook (Posted August 15, 2012)
Pricewaterhousecoopers
http://jlne.ws/TFZjaV

Advancing Technology for America’s Transportation Future (Posted August 6, 2012)
http://jlne.ws/MA2U6I

Benchmarking Air Emissions Of the 100 Largest Electric Power Producers in the United States (Posted July 31, 2012)
http://jlne.ws/QbRr0J

View all reports >

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