In this edition: Slate takes on those who may too easily link weather disasters to climate change. A handful of carbon market stories today, including Bloomberg’s “Australian Investment Surging Even With Carbon Tax, Swan Says.”

 

Quote of the Day:

“Prices should be established by the market.Some don’t like it, some say that prices are too low, but artificial boosting of those prices is in our view absolutely inappropriate and those mechanisms should be left to the market. It’s not the politicians’ task to interfere with the system.”

–German Economic Minister Philipp Roesler in Bloomberg’s “EU Shouldn’t Intervene in CO2 Market, German Minister Says”

Lead Stories

CME Plans New European Exchange
The Wall Street Journal
The Chicago Mercantile Exchange Group, the world’s biggest bourse by market capitalization, plans to establish a fully fledged European derivatives exchange and will submit its license application to the U.K.’s Financial Services Authority “within days,” according to two people familiar with the matter.
jlne.ws/QfD1YZ

EU Shouldn’t Intervene in CO2 Market, German Minister Says
Bloomberg
The European Union should avoid actions aimed at boosting carbon prices, Germany’s economy minister said, highlighting the political controversy over a plan by EU regulators to strengthen the bloc’s emissions market.
jlne.ws/P7X4Km

Australian Investment Surging Even With Carbon Tax, Swan Says
Bloomberg
Australia’s carbon tax and a levy on mining company profits hasn’t stopped a surge in investment in the resources industry, Treasurer Wayne Swan said.
jlne.ws/QQETbp

How “Policy By Panic” Can Backfire for Environmentalists
Slate
Saying that droughts are caused by global warming leads to public distrust and disengagement when the rain starts to fall.
jlne.ws/ScsuEq
**RKB – I like Krugman and I like guys who challenge Krugman.

U.S., Facing Drought, Wants More Clean Energy, Poll Says
Bloomberg
Three out of four Americans think the U.S. needs “to start focusing more” on clean-energy sources like wind and solar that require less water than conventional power generation as the country faces its most widespread drought since 1956, according to a think-tank survey.
jlne.ws/NdMFv7

GOP says report proves EPA rules burdensome
The Hill’s E2 Wire
Republicans on Friday said a Government Accountability Office (GAO) report proved their claims that a pair of environmental rules would harm the economy and electric reliability.
jlne.ws/NzL60c
**RKB – We first reported the GAO release. Here’s that report: http://jlne.ws/NHwlos

Qatar Petroleum-Exxon Venture Requests Permit to Export U.S. Natural Gas
The Wall Street Journal
Golden Pass Products LLC, a joint venture between Exxon Mobil Corp. XOM -0.30% and Qatar Petroleum, is asking federal authorities for permission to export large quantities of liquefied natural gas made in the U.S. from an existing terminal near the Texas-Louisiana border, an executive said Friday.
jlne.ws/ScjI9j

Financing REDD: New report from CIRAD recommends “sustained investments”
REDD-Monitor.org
A recent report by CIRAD (La Recherche Agronomique Pour La Développment) sums up many of the key issues regarding REDD and recommends that instead of performance-based payments for reduced deforestation, sustained investment is needed.
jlne.ws/TOgTd1                                    
                               
The Realities of Replacing Lost Environments                            
Ecology
With up to a billion hectares of wilderness likely to be cleared to feed the world in the coming half century and an area the size of China devoured by cities, leading environmental scientists are urging caution over the extent to which lost ecosystems can be replaced or restored.
jlne.ws/NzuJfP

Obama’s Federal Land Grab
The American Spectator
Enviros used to oppose any use of America’s federal lands. Now they want it to be the source of “renewable energy.” Welcome to America’s two economies.
jlne.ws/PxvYwR

Out of sight, out of mind: groundwater in peril
The Age
The thirsty continent is losing its hidden water reserves. But Jim O’Rourke reports on moves to refill aquifers with supplies that would otherwise go to waste.
jlne.ws/NaEoxS

Businesses urge action over looming resource crisis
Business Green
Businesses and environmental campaigners will today call on the government to strengthen its plans for greater resource efficiency, warning the UK is facing a looming natural resources crisis that will drive up costs and “pile pressure on already fragile and depleted ecosystems”.
jlne.ws/RuuR6q

Isle of Wight prepares launch of global Ecoislands Fund
Business Green
The Isle of Wight could find itself at the heart of global efforts to decarbonise island communities, as the community prepares to host the inaugural Ecoislands Global Summit this October.
jlne.ws/NdU1Pj

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

Down in dumps on carbon backflip
The Age
RUBBISH dump owners are accusing the Gillard government of performing a last-minute backflip on its carbon credits scheme and wasting the chance to cut up to 1 million tonnes of greenhouse from Australia’s annual emissions.
jlne.ws/NdOJmK

Shanghai Launches Carbon Emission Rights Trading Scheme
CRI
Shanghai on Thursday launched a pilot carbon emission rights trading scheme in a bid to encourage carbon emission reductions. About 200 major local polluters, including industrial companies whose annual carbon dioxide emissions reach 20,000 tonnes and non-industrial enterprises whose annual emissions total 10,000 tonnes, will take part in the trading, the city government said in a statement.
jlne.ws/TOjKmi

Environment: New Initiative to Reduce Time-to-Market for Carbon Market Projects in Southern Africa
Information Daily
The United Nations Environment Programme (UNEP) today unveiled a new standardized baseline* for the region’s electric power grid – a major step forward in efforts to boost access to climate-friendly investment in Africa that will reduce, by an estimated six months, the time it takes for carbon market projects to reach the market.
jlne.ws/OO5Yko

Natural Gas/Coal

Coal deal lost India $33bn, says auditor
Financial Times
India’s official auditor on Friday accused the government of losing more than $33bn in potential revenue by transferring coal mining blocks too cheaply to private companies, reigniting a row about corruption and prompting calls from the opposition for the resignation of Manmohan Singh, prime minister.
jlne.ws/QfECyc

Coal group taps GOP power broker as new head
The Hill’s E2 Wire
The American Coalition for Clean Coal Electricity (ACCCE) has named the former chairman of both the Republican National Committee and American Crossroads as its new chief.
http://jlne.ws/OOdls4

Power

China Government Asked to Probe EU Solar Dumping, Xinhua Says
Xinhua/Bloomberg
China’s Ministry of Commerce is looking into a request to investigate polysilicon dumping by German manufacturers after the country’s biggest maker, Solarworld AG (SWV), pushed for a similar European Union probe.
jlne.ws/NV6wn1

EU Urges Spain to Avoid Clean Power Subsidy Cuts, El Pais Says
El Pais/Bloomberg
European Commissioner for Energy Gunther Oettinger urged Spain not to impose retroactive cuts to subsidies for clean energy, El Pais reported.
jlne.ws/RaJbP1

Clegg to unveil 100m sterling renewables boost
Financial Times
The coalition government is united on the need for green investment, Nick Clegg, deputy prime minister, will make clear on Monday, as he announces plans to inject 100m sterling into renewable energy funds.
jlne.ws/NdNCU9

US offshore wind farm cleared for take-off as aviation authorities grant approval
Business Green
America’s first offshore wind farm, the proposed 130-turbine Cape Wind project in Nantucket Sound, has this week received crucial planning approval, paving the way for construction at the site to begin next year.
jlne.ws/PxwmLE

Call to limit China’s UK nuclear stake
Financial Times
Chinese companies competing for one of the UK’s biggest nuclear projects are unlikely to end up with a majority stake in any winning consortium in an attempt to allay concerns about Beijing gaining control of the Horizon reactor programme.
jlne.ws/Salq9A

Wind farm development in Illinois, elsewhere likely to slow in 2013
Rockford (Ill.) Register Star
Wind power is the most visible form of electricity generation and only one state, California, made it more visible in 2011 than Illinois.
jlne.ws/PxAueN

RECs

Audit finds FirstEnergy overpaid for renewable energy credits, passed on expenses to customers
Cleveland Plain Dealer
FirstEnergy Corp. has spent millions of dollars more than it should have since late 2009 to comply with state renewable-energy mandates, two independent audits have found.
jlne.ws/QQRk6X

Editorial: Good energy sense
Boston Herald
Republican presidential candidate Mitt Romney proved himself a long missing voice of reason recently with his promise to end a renewable energy subsidy. It’s a welcome contrast to the economic fairy dust President Barack Obama is spreading these days.
jlne.ws/NVk7L2

Tax Credits – the wind in wind energy
Scientific American
For wind power, 2011 was a great year. California added more new wind energy to the grid than any other state, according to a report published Tuesday by the U.S. Department of Energy.
jlne.ws/Pxyu61

CleanTech

How IBM honed its execution mechanisms to optimize sustainability
GreenBiz.com/MIT Sloan Management Review
To illuminate how the transformation occurs in a company and how a sustainable strategy can be formulated and executed, we studied the organizational models that we refer to as “sustainable” by comparing them with companies that we call “traditional.” We focused on two primary questions:
jlne.ws/SayADJ

Miscellaneous

Book Review: ‘China’s Environmental Challenges’
Financial Times
Judith Shapiro’s guide to Beijing’s ecological aims casts doubt on the idea that the middle class can drive green action, writes Pilita Clark
jlne.ws/RuoGPO

Reports

EPA REGULATIONS AND ELECTRICITY (Posted Aug. 16, 2012)
GAO
http://jlne.ws/NHwlos

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

Per capita CO2 emissions in China reached European level (July 18, 2012)
http://jlne.ws/NAjBQQ

The Interim Regulation of Voluntary Greenhouse Gases Emission Trading in China (Posted July 10, 2012)
The Climate Group
http://jlne.ws/Mhv62s

Measure for Management: C40 Cities (July 9, 2012)
Carbon Disclosure Project
http://jlne.ws/L9LC37

View all reports >

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