In today’s edition: Day two of the Aussie-EU carbon market tie-up coverage, including: Op/Ed: Europe’s flawed carbon market from the Financial Times, and Climate Spectator’s Can Europe save the carbon market? On the political front, The Hill offers Energy-efficiency advocate likes Romney’s record as governor.
Quote of the Day:
“Those who say there is no urgency are being contradicted on the ground. This is a very good signal. This is not theory any more.”
Andrei Marcu, head of the Centre for European Policy Studies’ Carbon Market Forum in Brussels, at United Nations climate talks in Bangkok, Bloomberg reports.
Australia EU Link Makes Carbon-Market Theory Real, Marcu Says
The proposed linking of the European Union and Australian greenhouse-gas-reduction programs will demonstrate to policy makers across the world that carbon markets can help address climate change, said Andrei Marcu.
Op/Ed: Europe’s flawed carbon market
The EU and Australia claim the decision to link their carbon markets is a significant step towards the creation of a global trading system to cut emissions. In principle, this is correct: a market-based system to mitigate climate change will only succeed if it is truly international in scope, allowing companies to compete on equal terms. In reality, however, this deal may be little more than a matter of political convenience.
Can Europe save the carbon market?
The announcement by Minister for Climate Change Greg Combet to drop the $15 floor price and reduce the use of international carbon credits known as CERs (Certified Emission Reduction) still leaves Australia in pretty much the same place – a weak and highly uncertain carbon price. However the potential carbon price upside is far greater under these new arrangements.
Energy-efficiency advocate likes Romney’s record as governor
The Hill’s E2 Wire
Energy-efficiency advocates would have a friend in the White House if the Mitt Romney who was governor of Massachusetts wins the presidency, Kateri Callahan, president of the Alliance to Save Energy, said Wednesday.
Nature Has Values, And Markets Can Be Governed
The environmental community has been rightly wary of markets. But payments for environmental services can play a role in protecting nature, so long as governments guide, govern and regulate such markets.
Water, clean air and insect-pollinated food crops are all examples of nature’s endowments to humankind, and provide the material for our well-being.
Neste Oil complete first phase of its microbial oil pilot plant; feedstock for NExBTL renewable diesel
Green Car Congress
Neste Oil has completed the first phase of its project to build a pilot plant for producing microbial oil for use as a feedstock for NExBTL renewable diesel. Construction of the plant is on-schedule and on-budget. The first phase will enable the growth of oil-producing micro-organisms, and the following phases will concentrate on raw material pretreatment and oil recovery.
EDITORIAL: Coal-to-diesel plant fuels optimism
Muhlenberg County officials are breathing a sigh of relief with last week’s announcement of a coal-to-diesel plant that will be built near Central City.
UN launches water footprint guidelines
A UN initiative has launched guidelines for corporate water disclosure, backed by companies including Coca-Cola and Nestlé and investors such as Robeco, Norges Bank and KfW’s DEG Invest.
ACCO & White House Council on Environmental Quality
September 24-25, 2012
Carbon Forum North America
October 1-2, 2012
Sustainability Summit – Innovation Challenge
October 9, 2012
EMA 2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
Mixed news for farmers under Europe carbon deal
The head of the Australian Farm Institute, Mick Keogh, says a carbon trading deal with Europe is mixed news for agriculture. The Institute’s research has highlighted opportunities for farmers under the carbon farming initiative, but has also pointed to increased costs for processors and industry.
Economists urge Calif. governor to resist weakening CO2 scheme
Point Carbon (Subscription)
A group of 56 economists have urged California’s governor to resist industry pressure to hand out all carbon allowances for free in the state’s carbon market, set to launch next year, claiming it would create windfall profits for big emitters while widening the state budget deficit.
NY Mayor Bloomberg: City needs more natural gas
New York Mayor Michael Bloomberg has released a study finding that more natural gas is critical for the city to improve air quality and public health.
Natural Gas: Bridge or Dead End?
Natural gas is often touted as a bridge fuel: an interim step between the heavily polluting fossil fuels we depend on today and the clean renewable energy systems we hope for tomorrow. But the infrastructure we deploy to increase natural gas may actually inhibit the transition to solar and wind power. Rather than a bridge, natural gas may be a dead end.
**RKB – Contributor is Christopher F. Jones, Ciriacy-Wantrup Fellow, University of California-Berkeley
T. Boone Pickens: Natural-gas vehicles will survive without Congress
T. Boone Pickens said natural gas vehicles can survive just fine without Congress approving his so-called Pickens Plan.
Sinopec, ENN: Extend Deadline For China Gas Deal
The Wall Street Journal
China Petroleum & Chemical Corp. (0386.HK), or Sinopec, and gas supplier ENN Energy Holdings Ltd. (2688.HK) said Wednesday they have agreed to extend the deadline for their US$2.15 billion planned acquisition of China Gas Holdings Ltd. (0384.HK) to Oct. 15.
Germany Backs Charging Consumers to Cut Offshore Wind Risks
Germany backed measures to charge consumers and grid operators for risks linked to installing sea- based wind farms in an effort to support investments from developers including EON AG (EOAN) and RWE AG. (RWE).
India May Auction 1 Gigawatt to Double Solar Capacity
India may auction a third of the solar projects planned by 2017 in the current financial year to double the nation’s sun-powered capacity as it seeks additional clean-energy investments to combat power shortages.
Scotland Gives Five Marine-Energy Developers 7.9 Million Pounds
The Scottish government is giving five wave- and tidal-energy developers 7.9 million pounds ($12.5 million) to develop prototypes off the country’s coast.
Nereus Capital Raises IFC Investment for India Projects
The World Bank’s International Finance Corp. unit has agreed to invest in a fund managed by Nereus Capital Management LLC that’s targeting clean-energy companies in India.
Softbank, Mitsui to Open Japan’s Biggest Solar Park
Softbank Corp. (9984), Japan’s third- biggest mobile phone company, and Mitsui & Co. (8031) plan to build and start operating what may be the nation’s biggest solar power plant.
Energy Department, IRS want more information on tax provisions of Solyndra bankruptcy plan
Solyndra LLC should provide more information about tax breaks that could be worth hundreds of millions of dollars to private equity funds that control the failed solar power company, government lawyers said in a court filing.
Go Fly a Wind Turbine
The Wall Street Journal
As wind powers an increasing amount of electricity generation, entrepreneurs are hoping to replace modern windmills with a high-tech version of an even older technology: kites.
Japan Strives to Go Nuclear-Free
The New York Times
As Japan moves to cut back on nuclear power after last year’s disaster in Fukushima, it is running into a harsh economic reality: the cost of immediately abandoning its nuclear reactors may be too high for some big utilities to shoulder.
Carbon Tax Revenue and the Budget Deficit: A Win-Win Solution? (Posted Aug. 27, 2012)
The 21st Century Corporation: The Ceres Roadmap for Sustainability (Posted Aug. 21, 2012)
EPA REGULATIONS AND ELECTRICITY (Posted Aug. 16, 2012)
European Power & Renewables Deals: Quarterly M&A outlook (Posted August 15, 2012)
Advancing Technology for America’s Transportation Future (Posted August 6, 2012)
Benchmarking Air Emissions Of the 100 Largest Electric Power Producers in the United States (Posted July 31, 2012)
Per capita CO2 emissions in China reached European level (July 18, 2012)
The Interim Regulation of Voluntary Greenhouse Gases Emission Trading in China (Posted July 10, 2012)
The Climate Group
Measure for Management: C40 Cities (July 9, 2012)
Carbon Disclosure Project