In this edition, the Guardian keeps up the post-mortem on the Doha meetings in China and US hold the key to a new global climate deal. And in Washington, Conservative groups press lawmakers to reject proposals for a carbon tax, The Hill reports. From Reuters, Britain lifts shale gas ban, imposes tighter rules.
Quote of the Day:
“There will not be any hegemonic power. Power will shift to networks and coalitions in a multipolar world.”
–National Intelligence Council report, covered in The New York Times’ “Study Predicts Future for U.S. as No. 2 Economy, but Energy Independent”
China and US hold the key to a new global climate deal
China and the US are to be the clear focus of the next year of climate change negotiations, following a hard-fought climate conference that ended in Doha on Saturday night.
**RKB – As for the U.S.: Paul Bledsoe, former Clinton White House adviser and a close observer of the talks, said: “I don’t think it is likely that you could get something that looks like a treaty passed by the Senate. It doesn’t matter if you call it something else – if it looks like a treaty and smells like a treaty, they won’t have it.”
And while the world waits on these two giants, developments in the developing world. Case in point in the next article.
Vietnam can see great opportunities from carbon market
The carbon market is seen as the major tool reducing CO2 emissions, one of the four kinds of gas that cause greenhouse effects. The market has been supported by the four main mechanisms stipulated in the Kyoto Protocol – the clean development mechanism (CDM), the joint implementation (JI) and Reducing Emissions from Deforestation and Forest Degradation (REDD).
Deutsche Bank set for restructuring hit
Deutsche Bank said fourth-quarter profits would be hit by a string of one-off charges as it tried to draw a line under some poor past decisions by hiving unwanted assets into a non-core operations unit.
From REDD To Landscape Thinking: How To Proceed
Forests have been front-and-centre at climate negotiations for several years. This year, at the COP18 meeting in Doha, Qatar, Forest Day 6 raised their profile even further, by focusing on the broader role of forests in landscapes as a whole and by connecting with the agriculture sector to deliver a more integrated approach to landscapes at COP19 next year.
Study Predicts Future for U.S. as No. 2 Economy, but Energy Independent
The New York Times
A new intelligence assessment of global trends projects that China will outstrip the United States as the leading economic power before 2030, but that America will remain an indispensable world leader, bolstered in part by an era of energy independence.
IEA Sees Continued Sluggish Oil Demand Growth
Dow Jones Business News
The International Energy Agency Wednesday slightly raised its forecast for oil demand for 2013, but said the tepid rate of global economic expansion would keep demand relatively sluggish.
Conservative groups press lawmakers to reject proposals for a carbon tax
The Hill’s E2 Wire
The organizations pushed back against proposals for a “revenue neutral” carbon tax, a design that some policy experts have floated as a way to win support from fiscal conservatives. That structure would use revenue from taxing emissions to reduce other tax rates or would return that money to consumers.
**RKB — The letter.
Sen. Wyden names top Energy Committee staffer
The Hill’s E2 Wire
Incoming Senate Committee on Energy and Natural Resources Chairman Ron Wyden (D-Ore.) has tapped his longtime energy aide as committee staff director.
Aviation Carbon 2013
February 19-20, 2012
2013 Climate Leadership Conference
February 27-March 1, 2013
TIMELINE-Struggles of the EU’s carbon market
German state prosecutors searched the offices of Germany’s biggest lender, Deutsche Bank , on Wednesday in a widening probe linked to a tax evasion scheme involving the trading of carbon permits.
London Olympics’ emissions 28 pct lower than forecast-organisers
This summer’s Olympics games in Britain’s capital generated 28 percent less carbon dioxide emissions than was forecast as energy use at venues was cut, the London Organizing Committee of the Olympic Games (LOCOG) said on Wednesday.
Britain lifts shale gas ban, imposes tighter rules
Britain lifted its ban on shale gas exploration on Thursday as it aims to become a European leader in a sector that has transformed the U.S. energy market and counter a fall in the UK’s natural gas production.
As boom fades, Australia miners put brakes on gravy train
Suddenly strapped for cash and forced to penny pinch as Australia’s decade-long mining boom fades, resources companies are sending a new message to staff: The gravy train is over.
Editorial: Backing fracking
Shale gas may or may not be the miracle cure for the UK’s pressing energy needs. There is too little certainty about how much of the gas that lies trapped between layers of rock deep underground can be extracted for commercial use. But the government’s decision to lift the moratorium on shale exploration is a welcome first step to finding the answer.
Doctors Urge U.S. to Block Gas Export Terminals
The New York Times
More than 100 physicians urged the Obama administration on Thursday not to approve the construction of liquefied natural gas export terminals until more is known about the health effects of hydraulic fracturing, the drilling process that has opened the way for a big increase in domestic gas productio
Rpt-COLUMN-Offshore wind found under-performing: Wynn
The performance of offshore wind is below expectations in the world’s leading market, Britain, suggesting the emerging technology may deliver slightly less power than planned at least in its early stages.
US wind tower producers plead for duties on China, Vietnam
U.S. wind tower manufacturers, already facing the expiration of a tax credit that has pumped up demand for wind energy projects, on Thursday pleaded for a U.S. government panel to approve steep duties on imports from China and Vietnam.
California cities to buy power from Sempra solar plant in Nevada
California power company Sempra Energy said the state’s cities of Los Angeles and Burbank have approved a 20-year agreement to buy 250 megawatts (MW) of solar power from Sempra’s proposed Copper Mountain Solar 3 project in Nevada.
Utility chiefs urge equal tax rates on dividends, capital gains in ‘fiscal cliff’ deal
The Washington Post
Chief executives from the nation’s biggest utilities are in Washington lobbying Congress and the Obama administration to make sure that tax rates on dividends do not exceed the rates on capital gains.
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)
Regional Investment of RGGI CO2 Allowance Proceeds, 2011 (Posted Nov. 27, 2012)
2012 Report on Sustainable and Responsible Investing Trends in the US (Posted Nov. 27, 2012)
The Forum for Sustainable and Responsible Investment
Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication
The EU Emissions Trading System (Posted Oct. 17, 2012)
Environmental Defense Fund
Energy Water Nexus: Coordinated Federal Approach Needed to Better Manage Energy and Water Tradeoffs (Posted Oct. 17, 2012)
Carbon Markets and Carbon Policy in China (Posted Oct. 15, 2012)
The Climate Institute/Climate Bridge