In today’s edition, Canada features in our coverage. The New York Times reports Canadian Documents Suggest Shift on Pipeline. In a related, multimedia piece, Canadian oil companies have embarked on a race to develop technologies that will make the production of heavy crude less damaging to the environment. In other news, India May Beat U.S. in Wind Installations for First Time as a tax-benefit window extending to 2015 prompts U.S. developers to delay setting up new projects.
Quote of the Day:
“We’re now narrowing down the options and we will propose something in the autumn. The backloading in itself will never re-establish the price that would give the strong signal that we need; that was also never expected, it was never intended to. It was intended only to stabilize the situation while we were discussing the more far-reaching things, the more structural options.”
–EU Climate Commissioner Connie Hedegaard in Bloomberg’s “EU Narrows Down Carbon-Market Overhaul Options, Hedegaard Says.”
EU Narrows Down Carbon-Market Overhaul Options, Hedegaard Says
The European Union’s regulatory arm is winnowing down the options for a long-term overhaul of the world’s biggest carbon market and aims to reach a decision in the coming months, EU Climate Commissioner Connie Hedegaard said. ‘
Ballooning costs threaten Merkel’s bold energy overhaul
Angela Merkel’s “green revolution” risks becoming a victim of its own success.
Growth seen picking up in Germany’s wind power sector
Germany’s wind power sector will expand at a faster rate in the second half of the year, the country’s wind energy association predicted on Wednesday, ahead of an expected reduction in government incentives.
India May Beat U.S. in Wind Installations for First Time
India may install more wind capacity than the U.S. this year for the first time as a tax-benefit window extending to 2015 prompts U.S. developers to delay setting up new projects.
Power investment outlook subdued: EY
Investment in the Australian power generation market will remain subdued until there is greater political and regulatory certainty, despite a recent spike in deals, according to a private report.
EU Says Probe Finds Chinese Solar-Panel Makers Got Aid
The European Union said an investigation determined that Chinese solar-panel makers benefited from government subsidies, increasing the chance the EU will impose tariffs on imports from China of the renewable-energy technology.
Canadian Documents Suggest Shift on Pipeline
The New York Times
Ever since President Obama said in June that a litmus test for the proposed Keystone XL oil pipeline from Canada was whether it would “significantly” worsen global warming, Canadian government officials have insisted it would not.
A Chase for Technology
New York Times slideshow
Canadian oil companies have embarked on a race to develop technologies that will make the production of heavy crude less damaging to the environment. Cenovus and Conoco Phillips run an oil sands operation in Christina Lake, in northern Alberta.
UK coalition dispute looms over green energy
The coalition is heading for a bitter new row over green energyas senior Tories seek to unpick carbon targets which stand in the way of Britain building more than 40 gas-fired power stations.
Why climate change will force a power grid makeover
Superstorm Sandy gave us a preview of how vulnerable our power grid and fuel systems are to a primary fallout of climate change: extreme weather. As the event made clear, climate change adaption will force extensive changes to the U.S. power grid.
Editorial: People Don’t Fear Climate Change Enough
Cass R. Sunstein on Bloomberg
With respect to the science of climate change, many experts regard the Intergovernmental Panel on Climate Change as the world’s authoritative institution. A draft summary of its forthcoming report was leaked last week. It describes the panel’s growing confidence that climate change is real, that it is a result of human action, and that if the world continues on its current course, it will face exceedingly serious losses and threats (including a significant rise in sea levels by century’s end).
**RKB — The contributor, former administrator of the White House Office of Information and Regulatory Affairs, is the Robert Walmsley Professor at Harvard Law School.
Water and Society 2013
New Forest, U.K.
EMA’s 17th Annual Meeting
Las Vegas, Nevada
Climate Strategies Forum
Association of Climate Change Officers
Verge: Where Tech Meets Sustainability
San Francisco, California
FT Global Shale Energy Summit
Solar Power International
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
EU Carbon Permits Jump to Eight-Week High as Crude Price Surges
European Union emission permits surged to the highest since July 4 on speculation crude oil’s surge to a two-year peak may spur demand for carbon allowances.
GOP hits Alaska’s Sen. Begich on ‘radical’ carbon tax
The Hill’s E2 Wire
The National Republican Senatorial Committee is launching robo-calls in Alaska Wednesday alleging freshman Sen. Mark Begich (D-Alaska), who faces reelection in 2014, backs a “radical” tax on carbon emissions.
Natural Gas/Coal/Alternative Fuels
Insight: To cut natural gas costs, Chesapeake pumps up royalty deductions
As the natural gas industry struggles to cope with depressed prices, Chesapeake Energy Corp has begun shifting a much larger share of transportation and marketing costs to the owners of Pennsylvania land it leases.
Poland’s shale gas hopes buoyed by promising test output
Lane Energy Poland, an exploration company controlled by ConocoPhillips, said it is extracting some 8,000 cubic metres of shale gas per day at a test well in northern Poland, an amount unseen in Europe to date.
New Coal Plants May Kill 16,000 in Guangdong Region, Report Says
Emissions from new coal-power plants in Guangdong would cause 16,000 premature deaths in the southern Chinese province and neighboring Hong Kong over the next four decades, according to a Greenpeace report.
Whitehaven Coal swings to full-year loss
Whitehaven Coal Ltd does not expect a short-term improvement in coal prices but says the weaker Australian dollar will help increase revenues in fiscal 2014.
Is Keystone Still Needed to Transport U.S. Oil?
WILLISTON, N.D.—One of the earliest and biggest political selling points of the Keystone XL pipeline was that it would not just bring Canadian oil sands to market but also oil from North Dakota and Montana.
Energy Department lands new coal, oil-and-gas officials
The Hill’s E2 Wire
The Energy Department (DOE) on Tuesday announced the hiring of two senior aides who will work on coal and oil-and-gas technology programs.
Suntech Directors Quit Saying Solar Maker Has No Plan
Suntech Power Holdings Co. (STP), the Chinese solar manufacturer whose main unit was pulled into bankruptcy earlier this year, said three directors including the former chairwoman quit saying the company had no business plan.
Mighty River Says N.Z. Power Demand to Flatten as Economy Grows
Power demand in New Zealand, which is selling stakes in generators, is forecast to remain flat even as construction-led economic growth heads toward 3 percent, said Mighty River Power Ltd.
Capital Power to sell three U.S. power plants to Emera
Capital Power Corp has agreed to sell its three U.S. natural gas-fired power generation facilities in New England to Emera Inc for $541 million, to stabilize earnings and reduce its exposure to risk.
Entergy CEO says nuclear industry hit by capital costs, low prices
Running the Vermont Yankee nuclear plant is no longer economical because capital costs rose after 9/11 and could spike again following the Fukushima disaster, Entergy Corp’s (ETR.N) Chief Executive Leo Denault said on Tuesday.
Demand reduction signals need for energy market overhaul
Although there has been much talk about the impacts of solar PV and energy efficiency on energy use and income for utilities (the so-called ‘death spiral’), there has been little in the way of what, exactly, to do about it. In other words: how can we change the way the electricity industry operates so it can transition to the ‘new normal’ as solar PV and energy efficiency uptake continue to increase?
U.K. Water M&A Possible During Regulator Review, JPMorgan Says
The potential for mergers and acquisitions within the U.K. water industry still exists even amid a regulatory price review as the low cost of debt among the companies is attractive, according to JPMorgan Chase & Co.
How Arizona and Colorado are rethinking energy vs. water
Over the past few weeks, I’ve written a number of posts to help shed light on the fundamental connection between energy and water. Because many of our energy sources gulp down huge volumes of water, it’s imperative that we break down the long-standing division between energy and water planning — especially in drought-prone states such as Texas. I’d like to take a step back and look at how Texas’ neighbors are addressing energy and water co-management. While Texas may be an extreme example, looking toward its immediate neighbors could provide ideas and best practices to improve the state’s situation.
Obama may revive $25 billion auto loan program
The Detroit News
U.S. Energy Secretary Ernest Moniz says the Obama administration is considering reviving the moribund $25 billion auto loan program by revising lending criteria and seeking a new round of loan requests.
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