In today’s edition, with the Keystone vote still pending, Canadian opposition leader Justin Trudeau suggests that financial incentives be put into place to curb greenhouse-gas emissions. Also, President Obama acknowledges that Environmental Protection Agency regulations to slash carbon pollution could raise fuel and electricity prices, while Goldman Sachs sees low prices for shale gas in the future.
Quote of the day
“The way to promote Keystone XL is not to be shouting, ‘You need to approve this.’ It’s to actually get our own house in order and demonstrate we’re serious about the responsibilities that come with carbon emissions”
Justin Trudeau, leader of Canada’s Liberal Party, in the Bloomberg’s story Trudeau Says Keystone Win Easier With Incentives to Cut Carbon
Climate Campaign Can’t Be Deaf to Economic Worries, Obama Warns
Coral Davenport, New York Times
President Obama acknowledged Wednesday that his efforts to combat climate change — in particular, Environmental Protection Agency regulations to slash carbon pollution from cars and coal-fired power plants — could raise fuel and electricity prices.
Trudeau Says Keystone Win Easier With Incentives to Cut Carbon
Andrew Mayeda, Bloomberg
Justin Trudeau says he would bolster Canada’s case for approval of the Keystone XL pipeline by introducing financial incentives to curb greenhouse-gas emissions in the oil and gas industry.
Goldman Says Shale Gas Boom Driving Fear From Market
Naureen S. Malik, Bloomberg
Rising U.S. shale gas production is driving fear out of the futures market, says Goldman Sachs Group Inc., and will constrain prices for the next two decades.
***LB: “Natural gas will trade “largely” at $4 to $5 per million British thermal units for the next 20 years, says Goldman Sachs.”
Jefferies Bache carbon broker suspended for bourse rules breach
A carbon broker at London-based Jefferies Bache has been suspended for breaking rules on commodity and energy exchange ICE Futures Europe, the exchange said on Thursday.
RenewableUK spells out path to green energy expansion
Will Nichols, GreenBusiness
Wind, wave, and tidal power could contribute 25 per cent of UK electricity by the end of the decade – and 44 per cent 10 years later – industry body RenewableUK has said.
The UK is making it a legal duty to maximise greenhouse gas emissions
George Monbiot (blog), The Guardian
Sometimes there’s nothing to do but sit there and laugh.
Fighting Climate Change Is Profitable: Mexico’s Calderon
Alex Morales, Bloomberg
Curbing climate change is profitable and nations must offer business incentives for low-carbon growth to cut fossil-fuel reliance, according to former president of Mexico, Felipe Calderon.
What does Clive Palmer’s carbon tax decision mean for Australia?
Lenore Taylor, theguardian.com
Will the carbon tax be axed? It would seem so.
Column-It’s time to separate myths from reality in LNG
Clyde Russell, Reuters
The gap between perception and myth in liquefied natural gas (LNG) is widening, with both buyers and suppliers appearing to subscribe to views that bear limited resemblance to reality.
EMA’s 18th Annual Meeting
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts.
October 22 – 24, 2014
Santa Monica, CA
FT European Gas Summit
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
Australian Car Owners Face New Mandatory Emissions Standards
Esther Tanquintic-Misa, International Business Times
Australian owners of light vehicles are now mandated to adhere to new emissions standards that could help the country achieve a year’s worth cut of carbon pollution of 59 tonnes by 2030, the Climate Change Authority said on Thursday.
Company tries to weather carbon market downturn
In 2007, the international community announced a bold new plan to preserve tropical forests with the creation of a mechanism that enabled people living on the land to earn a living from the land.
Kenya Carbon Credit Tree Protection Program to Grow Fivefold
David Malingha Doya, Bloomberg
Wildlife Works Carbon LLC, a U.S.- based business selling carbon credits in the voluntary market generated by forest conservation, plans to expand fivefold the biodiversity-rich areas it protects in Kenya.
Petrol-diesel hybrid may be key to cleaner driving
Scientists in Sweden have modified a diesel engine to work with gasoline, an adjustment they say could significantly reduce emissions and fuel consumption for vehicles on the road.
14 Million Soccer Fields Of Amazonian Rain Forest Saved From Clearcutting
Jake Richardson, Clean Technica
A research study published in Science this month (June 2014) found that a 70% decline in Brazilian Amazon deforestation could be an indication that effective management of the expanding agricultural sector is possible.
Natural gas / coal
Gazprom says yuan payments may feature in dealing with China
Russia’s top natural gas producer Gazprom is preparing to get payments in the yuan currency while selling gas to China, its Chief Financial Officer Andrei Kruglov said.
Vopak mulls LNG storage facility in SE Asia to tap demand
Jane Xie, Reuters
Vopak is considering building a liquefied natural gas terminal in Southeast Asia, the chief executive of the Dutch independent storage company said, as it is a key supply route for a region that is home to the world’s top LNG buyers.
***LB: Also in this story “Japan and South Korea, the world’s top two LNG buyers, together with India and other Asian gas importers, take about 70 percent of global exports of the super-cooled fuel.”
Stake sale in Coal India is in ‘action plan’: govt official
A stake sale in Coal India Ltd is in “action plan,” said Sangita Chourre, joint secretary in the department of disinvestment in finance ministry.
Top Steelmakers Profit Boosted by Cheaper Coal: Corporate India
Abhishek Shanker and Rajesh Kumar Singh, Bloomberg
India’s steelmakers are set for a rebound. Falling fuel costs just as a new government promises to revive demand growth from the slowest pace in five years are burnishing their earnings outlook.
India’s gas explorers slump after govt defers gas price hike
Shares in India’s oil and gas explorers slumped at pre-open trading on Thursday after the government deferred a decision on Wednesday to raise prices of locally produced gas for next three months, saying the matter requires more discussion.
House votes to fast track natural gas exports
Laura Barron-Lopez and Timothy Cama, The Hill
Natural gas exports: The House in a 266-150 vote passed legislation to speed up liquefied natural gas exports.
Japan’s Kyushu, Hokkaido Electric get approval for bailouts
Japan’s Kyushu Electric Power and Hokkaido Electric Power received shareholder approval on Thursday for bailouts from a state-backed bank as the utilities struggle to cope with losses from a prolonged shutdown of nuclear reactors.
Tepco Faces Down Protest to Press Ahead With Atomic Restarts
Jacob Adelman and Emi Urabe, Bloomberg
Tokyo Electric Power Co. (9501) pledged to restart reactors at the world’s largest atomic plant, rejecting a bid by anti-nuclear shareholders to scrap the units over safety concerns after the 2011 Fukushima disaster.
India Mulling Introduction Of Tax Incentives For Residential Solar
James Ayre, Clean Technica
Indian homeowners who install solar energy systems may soon have tax breaks made available to them to help lower their burden, based on recent reports.
Crumbling U.S. Grid Gets Jolt in Smart Houston Power System
Mark Chediak, Jim Polson and Ken Wells, Bloomberg
On a recent muggy morning, Jeff Myerson, a manager for Houston-based CenterPoint Energy Inc., is pointing to mundane-looking gray metal boxes up on a wooden utility pole.
Watching Wind Turbines in Snow Sheds Light on Inefficiencies
Christina Nunez, National Geographic
As wind energy production expands around the world, engineers have identified a nagging problem: When a wind turbine spins, its blades create disturbances in the air that can reduce the amount of energy produced.
Chile’s Bachelet seeks to ease fears of energy crunch, boost investment
President Michelle Bachelet is seeking to assuage fears that Chile will be squeezed by an energy crunch, telling industry leaders late on Tuesday that her government will take measures to boost public and private investment in power generation.
Green electricity nears 20 per cent of UK mix
Will Nichols, BusinessGreen
Green electricity generation rose 43 per cent year on year in the first quarter of 2014 to reach a record 19.4 per cent share of the total mix, government figures show.
Ford outpaces Toyota on Global Green Brands ranking
Heather Clancy, GreenBiz.com
Maybe it’s because they spend more talking up their green credentials than other brands.
***LB: Also in this story “From unveiling a first-of-its kind solar vehicle, the C-MAX Solar Energi Concept, to partnering with peers across sectors to do the seemingly impossible – like creating bioplastic out of tomato fiber with Heinz – Ford is showing what’s possible.”
SunPower offers batteries to hold homes’ solar power until night
Ehren Goossens, Bloomberg
SunPower Corp., the second-largest U.S. solar manufacturer, is offering energy-storage systems to California homeowners that will power houses at night with electricity generated from sunlight during the day.
UK offers £9m to boost household electric car charge points
Will Nichols, GreenBusiness
The government is making £9m available to cover part of the costs of installing up to 10,000 electric car charge points at people’s homes.
These Maps Show How Many Brutally Hot Days You Will Suffer When You’re Old
The Climate Desk
Sorry, millennials. Your golden years are going to be really sweaty.
UK infrastructure neglected and at risk from climate change, engineers warn
Fiona Harvey, theguardian.com
Vital parts of UK infrastructure are being neglected, with potentially severe impacts on national competitiveness and quality of life, according to a new study by engineers.