In this edition, markets in focus with Reuters’ EEX exchange drops fee to attract new U.S. members and Bloomberg’s Japan to Trade Emission Credits Through 2015, Government Says, while Business Green says Sandy likely to bring renewed focus on carbon markets. Elsewhere, UK energy regulator approves $39.3 billion grid overhaul, reports
Reuters.

Quote of the Day:

“It’s the classic case . . . of where you stand depends on where you sit.The historic battle in the West has been the cities and the farmers. Now it’s the cities, farmers and the frackers, all battling for water.”

–David Kennedy, head of the Bill Lane Center for the American West at Stanford University, in the AP’s “Oil, gas drilling rile West’s energy embrace”

Lead Stories

EEX exchange drops fee to attract new U.S. members
Reuters
German-based European Energy Exchange (EEX) will drop its annual fees for new U.S.-based members in a drive to attract more U.S.-based participants for its power, natural gas, coal and emissions products, the exchange said on Monday.
http://jlne.ws/UZwQdZ

Japan to Trade Emission Credits Through 2015, Government Says
Bloomberg
Japan can transfer and acquire carbon credits under the Kyoto Protocol until at least the second half of 2015 during a so-called “true up” period, government officials said today.
http://jlne.ws/V3YXgv

California appoints carbon watchdogs for cap-and-trade program
Bloomberg
Two nonprofits, including one with operations in Sacramento, were appointed to key roles Friday in California’s new cap-and-trade carbon market.
http://jlne.ws/U5dNma

Sandy likely to bring renewed focus on carbon markets
Business Green
There is a renewed focus on carbon markets following a series of reports that highlight the economic and social environment implications of climate change, particularly post Hurricane Sandy, Investment Week’s Climate Change Conference was told last week.
http://jlne.ws/TWLTWV

Carbon market fix a boost for most in EU-Commission note
Reuters
EU countries will get an estimated 59 percent increase in revenue from the sale of carbon allowances over the next three years if plans to strengthen the EU Emissions Trading Scheme (ETS) are implemented, an internal commission note said.
http://jlne.ws/Wke207

New Zealand ditches some offset carbon credits from its ETS
ICIS
New Zealand has moved to ban certain types of emission reduction units (ERUs) and certified emission reduction (CER) units from surrender in its emissions trading system (ETS) from Tuesday, it announced on Monday.
http://jlne.ws/WkeFTA

China drives growth in environmental certification
Business Green
The number of businesses certified under ISO14001 rose six per cent last year with Chinese companies leading the growth of the global environmental management standard.
http://jlne.ws/XBtZdu

Use of Alias E-Mail Addresses by EPA Heads Being Probed
Bloomberg
The U.S. Environmental Protection Agency’s watchdog will examine the use of alias e-mail addresses by agency officials, including by administrator Lisa Jackson.
http://jlne.ws/YdSfaO

Events

Aviation Carbon 2013
London
February 19-20, 2012
http://jlne.ws/RSzl7e

2013 Climate Leadership Conference
Washington D.C.
February 27-March 1, 2013
climateleadershipconference.org

Carbon

Deutsche Bank co-CEO says criticism of bank culture justified
Reuters
Deutsche Bank Co-Chief Executive Juergen Fitschen conceded on Monday that criticism of his bank’s culture in the wake of the 2007-09 financial crisis was justified and he wanted to reform it.
http://jlne.ws/UvVrst

UN registers 5000th CDM project
Argus
The UN Framework Convention on Climate Change (UNFCCC) has registered its 5000th clean development mechanism (CDM) project amid a steep drop in certified emission reduction (CER) prices.
http://jlne.ws/XBwtbY

Natural Gas/Coal

Oil, gas drilling rile West’s energy embrace
AP
This used to be a land proud of its oil barons. Now the energy industry that has brought wealth and jobs across the interior West is prompting angry protests by citizens sporting gas masks and using bullhorns at public hearings.
http://jlne.ws/UEQTQ7

EXCLUSIVE-Hedge funds down, not out in tricky US natgas market
Reuters
David Coolidge may still be the king of U.S. natural gas hedge fund managers but his $2 billion Velite Capital has made less than half of last year’s money while one of his biggest rivals is headed for a loss in an unusually tricky year for traders.
http://jlne.ws/Wk92EY

Fracking Boom Is Dollar Boon in Energy Independence: Currencies
Bloomberg
Oil’s negative drag on the dollar is weakening as rising U.S. natural gas and crude production propels the nation to the highest level of energy self- sufficiency in two decades.
http://jlne.ws/UZCXzb

Power

UK energy regulator approves $39.3 billion grid overhaul
Reuters
British energy regulator Ofgem on Monday approved 24.4 billion pounds ($39.3 billion) of investment by energy companies to overhaul the country’s gas and electricity grid, reducing initial overall spending plans by 16 percent to 2021.
http://jlne.ws/T4GzDy

Chicago picks Integrys to supply non-coal power through 2015
Reuters
Integrys Energy Services, a unit of Integrys Energy Group of Chicago, won a municipal aggregation contract to supply Chicago with lower cost electricity from non-coal fuel sources through 2015.
http://jlne.ws/YdLOnY

Suzlon’s Repower Unit Wins 105-Megawatt Turbine Order in Canada
Bloomberg
Repower Systems SE, the German unit of India’s biggest turbine maker Suzlon Energy Ltd. (SUEL), will supply 105 megawatts of wind turbines for six projects that Wpd AG is developing Canada.
http://jlne.ws/12lcROn

Greenko Sees $435 Million of Sales From 1,000 MW of Wind, Hydro
Bloomberg
Greenko Group Plc (GKO), an Indian clean- energy developer, sees annual sales of 330 million euros ($435 million) by building and buying 1,000 megawatts of renewable- power facilities including wind and hydropower by 2015.
http://jlne.ws/U8oQff

DCNS to Buy Ireland’s OpenHydro Group to Expand in Marine Energy
Bloomberg
DCNS SA plans to buy OpenHydro Group Ltd., an Irish tidal-turbine maker working with Electricite de France SA, to get a foothold in the marine energy industry.
http://jlne.ws/RAHP3e

Wind to Lead Latam Renewables Growth by 2020        
Renewable Energy World
Wind power growth is surging in Latin America and is expected to lead the region’s renewables race with some 10,000 MW of capacity slated to come online in eight years, according to industry experts.

http://jlne.ws/YdTXc6       

Reports

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
http://jlne.ws/S5HNAg

Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)
Verdantix
http://jlne.ws/QM1A6f

Regional Investment of RGGI CO2 Allowance Proceeds, 2011 (Posted Nov. 27, 2012)
http://jlne.ws/Y2CJzg

2012 Report on Sustainable and Responsible Investing Trends in the US (Posted Nov. 27, 2012)
The Forum for Sustainable and Responsible Investment
http://jlne.ws/TsQlPs

Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
World Bank
http://jlne.ws/RQylgD

Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication
http://jlne.ws/T4XcdE

The EU Emissions Trading System (Posted Oct. 17, 2012)
Environmental Defense Fund
http://jlne.ws/R5RSKM

Energy Water Nexus: Coordinated Federal Approach Needed to Better Manage Energy and Water Tradeoffs (Posted Oct. 17, 2012)
GAO
http://jlne.ws/T2epJe

Carbon Markets and Carbon Policy in China (Posted Oct. 15, 2012)
The Climate Institute/Climate Bridge
http://jlne.ws/T2mHma

View all reports >

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