Private-sector perspective on EC proposals for market rule change courtesy of a Bloomberg interview (see a snippet in today’s Quote of the Day). Plus, China’s emissions could peak by 2023 with introduction of ETS, according to a blog entry on Responding to Climate Change that covers new research by Bloomberg New Energy Finance.
Quote of the Day:
“With many market participants expecting carbon to remain in the doldrums until 2020, it is right that the commission is looking at intervention. In the same way that central banks adjust interest rates to manage inflation, a ‘central carbon bank’ could adjust the volume of EU allowances auctioned in response to economic statistics in order to manage the carbon price. However, this is perhaps an unnecessarily complicated way of managing the price. A simpler approach would be to set a higher reserve price in auctions . . .”
–Jonathan Grant, director of sustainability and climate change at PricewaterhouseCoopers LLP, in Bloomberg’s “Linking Carbon Supply to Growth Is Complicated, PwC’s Grant Says.”
China Power Seen Doubling With Renewables as Coal Holds Sway
China’s generation capacity will more than double to 2030, with half of all new plants powered by renewable energy and coal remaining the most important fuel, analysts said.
China’s emissions could peak by 2023 with introduction of ETS
Responding to Climate Change blog
Emissions in China could peak as soon as 2023 if a carbon pricing mechanism is introduced, according to new research by Bloomberg New Energy Finance. Assuming a best case scenario, where barriers to the adoption of clean technologies are eliminated by policy makers and an emissions trading scheme is adopted in 2017, economists have concluded that China’s carbon emissions could start to decline as early as 2023.
The Future of China’s Power Sector
Linking Carbon Supply to Growth Is Complicated, PwC’s Grant Says
Jonathan Grant, director of sustainability and climate change at PricewaterhouseCoopers LLP in London, comments on rule changes being considered to the European Union emissions trading program, in an e-mailed response to questions on Aug. 23.
BCA’s climate of investment uncertainty
It’s been ten years since Peter Costello first took an emissions trading proposal to Cabinet, twelve years since John Howard established the Mandatory Renewable Energy Target and six years since the Howard Government committed to an emissions trading scheme and Kevin Rudd promised to increase the Renewable Energy Target fourfold. Carbon pricing and climate action has a history in Australia.
India’s Gujarat Waives Renewable Targets for Utilities
Regulators in India’s Gujarat state waived clean-energy targets for power distribution companies in a blow to the country’s market for trading renewable credits.
German energy crisis favours the fleet
Germany’s half-a-trillion-euro energy overhaul is forcing sector players to turn around their business models fast, giving smaller groups a head start on the country’s ponderous utilities.
German minister sees solar installations nearly halving in 2013
German Environment Minister Peter Altmaier expects German solar panel installations to nearly halve this year, showing that efforts to curb subsidies and get solar expansion under control have yielded results.
Shrinking water supply under threat in U.S. farm breadbasket -report
A critical water source for U.S. farmers and ranchers is being depleted at a rapid rate and nearly 70 percent of it will disappear within the next 50 years if the current trend does not change, according to a report issued this week.
Back To School: Learning To Count Carbon In Trees And Forests
Before the world can harness carbon finance to save endangered forests, it needs to agree on how to both scientifically measure the amount of carbon that goes into and out of trees, soils, and grasses but also to politically account for it. That’s why the University of California at San Diego and WWF launched the first-ever course in advanced carbon accounting, and it’s why we signed up for the ride.
Water and Society 2013
New Forest, U.K.
EMA’s 17th Annual Meeting
Climate Strategies Forum
Association of Climate Change Officers
Verge: Where Tech Meets Sustainability
FT Global Shale Energy Summit
Solar Power International
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Political Risk Insurance Lowers Risk Profile And Eases Finance For Forest Carbon Projects
In 2011, a few years after US-based land-use carbon consultant Terra Global Capital (TGC) launched its Oddar Meanchey REDD Project in Cambodia, it asked the Overseas Private Investment Corporation (OPIC) to shield its investment from political risk.
No clear benefit for Hong Kong from mainland China’s carbon trading scheme
South China Morning Post
Buses, lorries and ships: Hong Kong can do much to control these sources of its local pollution problem. But it has limited influence over the other significant source of its poor air quality: smog from mainland China. Thus, many Hongkongers have reason to be happy – in theory, at least – that Shenzhen and Guangdong are at the forefront of China’s fledgling efforts to limit carbon emissions.
Direct Action will fine Origin, AGL, Alcoa, Santos, BHP . . .
Climate Spectator (Australia)
Labor Climate Change Minister Mark Butler has released data illustrating how a large number of companies are likely to be paying penalties under the Coalition’s Direct Action scheme. These companies include Origin Energy, Rio Tinto, BHP, OneSteel, Qantas, Virgin, Alcoa, Xstrata, Woodside Petroleum and Santos.
Natural Gas/Coal/Alternative Fuels
“All of the Above” Energy Means More Fracking, Renewables, Nukes and Clean Coal
There is no technical issue with fracking, the controversial technique of fracturing shale rock with high-pressure, chemically treated water to release natural gas. But there is clearly a political one, judging by the multiple interruptions to a talk at Columbia University by new Secretary of Energy Ernest J. Moniz. The affable former M.I.T. professor and Scientific American advisor could chuckle about these gas-related outbursts, but the endurance of the fracking moratorium in New York State–six years and counting–points to the volatility of the issue in some parts of the country.
South Africa Shale Pits Shell Against Sheep Farmers
Royal Dutch Shell Plc (RDSA)’s shale gas drilling plans for South Africa’s Karoo semi-desert are pitting the government and its energy goals against farmers and conservationists like billionaire Johann Rupert who say the land will be spoiled.
JA Solar to Develop 300 Megawatts of Projects in Eastern China
JA Solar Holdings Co. (JASO), the largest photovoltaic-cell provider by capacity, agreed to develop three 100-megawatt projects in eastern China’s Hebei province.
EDP Renovaveis Agrees to Sell Energy From California Wind Farm
EDP Renovaveis SA, the renewable-energy unit of Portuguese utility EDP-Energias de Portugal SA, said it signed a 20-year power purchase agreement to sell the output from its Rising Tree wind farm project in California.
WaterSmart Software Closes on Third Round of Funding to Expand
WaterSmart Software, a San Francisco provider of cloud-based technologies for water utilities, announced the close of a round of $4.5 million in Series A funding and will use the proceeds to expand.
Carnegie Signs Pact for Wave-Powered Desalination Pilot Plant
Carnegie Wave Energy Ltd. (CWE), an Australian marine technology developer, said it signed a support agreement with Water Corp. of Western Australia to help build the world’s first wave-powered desalination plant.
The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Mapping carbon pricing initiatives: developments and prospects (Posted May 30, 2013)
Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change