In today’s edition: Australian and EU market linkage, plus Business Green’s “Bangkok talks face climate funding stand-off,” and Bloomberg’s “Coal Greens Love Buoyed by Shale Gas Hydrualic Fracking.”

Quote of the Day:

“Linking the Australian and European Union systems reaffirms that carbon markets are the prime vehicle for tackling climate change and the most efficient means of achieving emissions reductions.”

–Australian Climate Change Minister Greg Combet in Business Green’s “EU plans joint carbon trading with Australia from 2018”

Lead Stories

EU plans joint carbon trading with Australia from 2018
Business Green
Australia and the EU have entered into negotiations to create a common carbon trading scheme by 2018, ministers from both administrations announced this morning.
http://jlne.ws/TrZswJ
**RKB – More to come? EU spokesman, quoted in story: “We have contact with California, South Korea and China, but it’s too early to announce [a deal similar to] what we have with Australia,” he said. “Talks with Switzerland are also well advanced.”

Australia to link with EU ETS in 2015
Sky News
The Labor government will not implement a planned floor price of carbon that would have applied from 2015. Climate Change Minister Greg Combet said under the linking of the Australian and European systems the government’s planned floor price of $15 per tonne ‘won’t be implemented’.
http://jlne.ws/PqrLcz
**RKB – Additional coverage in Carbon section.

Bangkok talks face climate funding stand-off
Business Green
International climate change talks will kick off in Bangkok tomorrow with diplomats hopeful the wide-ranging meeting can revitalise negotiations ahead of the UN’s annual climate summit in Qatar at the end of the year.
http://jlne.ws/Q09RRH

Finance key as U.N. talks on climate deal resume
Reuters
The U.S., Japan and the EU will come under pressure this week to pledge billions of dollars a year from 2013 to help the world’s poorest nations fight climate change, as negotiators from more than 190 countries meet to advance talks on a new global climate pact.
http://jlne.ws/OIu2Cp

MIT: US carbon tax a “win-win-win” for economy, planet and deficit
Business Green
The US could tackle its growing deficit without damaging its economy, slashing government spending or raising existing taxes, if it simply introduced a carbon tax.
http://jlne.ws/RWZMII
**RKB – E/E covered the report in Tuesday’s edition. Repeating here: http://jlne.ws/Ri3So8

China Widens Renewables Lead Over U.S. in Ernst & Young Ranking
Bloomberg
China widened its lead over the U.S. in a renewable energy ranking compiled by consultant Ernst & Young that gauges the attractiveness to investors of wind and solar power projects in those countries.
http://jlne.ws/OoYnWa

PepsiCo Awarded Prize for Effort to Cut Water Consumption
Bloomberg
PepsiCo Inc. (PEP) won an honorary industry award at the World Water Week in Stockholm for efforts by the biggest snack-food maker to conserve billions of gallons of water in its global manufacturing operations.
http://jlne.ws/O1HEat

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

Australia Scraps Carbon Floor Price to Set Up Link With Europe
Bloomberg
Australia abandoned its attempt to set a minimum price for carbon permits and agreed to begin linking to the European Union market by mid-2015, laying the groundwork for global emissions trading.
http://jlne.ws/PPuZZ3

Australian and EU carbon markets to be linked
Guardian
Australian and European carbon markets will be linked in 2015, creating the world’s biggest emissions trading market.
http://jlne.ws/OsJLU8

Opinion: Power of two could be devastating for all
Herald Sun
THE symbolism couldn’t be more deliciously appropriate: we are linking the collective insanity of our carbon tax to the collective insanity of Europe’s.                
http://jlne.ws/SQvUvb

U.S. finalizes big jump in auto fuel efficiency
Reuters
Fuel efficiency of U.S. cars and light trucks will nearly double by 2025 under a standard finalized by the Obama administration on Tuesday.
http://jlne.ws/OsKLYk

Blue carbon: A new hope for Indonesia
Jakarta Post
While carbon dioxide emissions reductions are currently at the center of global climate change discussions, the critical role of coastal-marine ecosystems for carbon sequestration or as sinks has been overlooked or even neglected. The reasons are mainly due to the lag of scientific data because of the complexity of coastal-marine ecosystems.
http://jlne.ws/QvzOKH

GOP platform slams military’s focus on climate change
The Hill’s E2 Wire
The official Republican platform takes aim at Obama administration military planning documents that emphasize the security risks of climate change, alleging they reveal a White House that has strayed from core defense priorities.
http://jlne.ws/PqCAv8

Natural Gas/Coal

Coal Greens Love Buoyed by Shale Gas Hydrualic Fracking
Bloomberg
The world’s most abundant fossil fuel could be tapped without moving mountains, delivered without trucks or trains and burned without greenhouse-gas emissions.
http://jlne.ws/SQrMvf

New York Can Allow Fracking After It Gets the Rules Right
Bloomberg
New York Governor Andrew Cuomo is expected to soon lift the state’s moratorium on natural-gas drilling, in place since 2010, at least for some counties.That would be welcome news. Extracting gas from the Marcellus shale using horizontal drilling and hydraulic fracturing can create jobs, lower energy prices and lessen the U.S.’s reliance on (dirtier) coal and oil to generate electricity and heat.
http://jlne.ws/RlsaxM

Report warns of oilsands impacts on groundwater
Edmonton Journal
Thousands of people depend on the water below Alberta’s oilsands region, but the effects of industrial development on those water tables is not yet fully understood, a new report says.
http://jlne.ws/QR1Jzg

Power

Morgan Stanley’s MeyGen Enters Scotland’s Marine Energy Prize
Bloomberg
MeyGen Ltd., a joint venture tidal- energy developer part-owned by Morgan Stanley (MS), has joined three finalists in entering Scotland’s 10 million-pound ($16 million) Saltire Prize that seeks to spur innovation in marine energy.
http://jlne.ws/RrpAdu

Solar legislation opposed by utilities
San Francisco Chronicle
California legislators are poised to vote this week on a pair of bills that would help renters and low-income communities go solar.
http://jlne.ws/OIw1Xg

RECs

Congress Should Extend Clean Energy Tax Credit
Pew Environment Group
In 2011, for the first time in several years, the United States led the world by investing more than $48 billion in clean energy. The clean energy sector represents one of the fastest-growing industries globally, with investment increasing more than 600 percent between 2004 and 2011 (excluding research and development).
http://jlne.ws/OsLOaS

Duke Energy confirms negotiations for ReVenture biomass project
Charlotte Business Journal
Duke Energy says its Progress Energy Carolinas subsidiary is negotiating to buy renewable-energy certificates from a proposed biomass plant at ReVenture Park northwest of Charlotte.
http://jlne.ws/PNbNNV

Reports

Carbon Tax Revenue and the Budget Deficit: A Win-Win Solution? (Posted Aug. 27, 2012)
MIT
http://jlne.ws/Ri3So8

The 21st Century Corporation: The Ceres Roadmap for Sustainability (Posted Aug. 21, 2012)
Ceres
http://jlne.ws/ONwe8M

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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