In this edition, renewable energy updates and ongoing challenges across Europe, in: Germany’s $123 Million Power Line Aids Nuclear Exit, Merkel Says; Germany must do more to hit green energy goals-report; French power bills must rise to cover green costs: CRE and Britain sets five-year plan to spur solar, biomass energy.

Quote of the Day:

“The acceptance of renewables depends on our managing to bring power from where it’s generated to where it’s needed.”

–German Chancellor Angela Merkel in Bloomberg’s “Germany’s $123 Million Power Line Aids Nuclear Exit, Merkel”

Lead Stories

A Big, and Risky, Energy Bet
The New York Times
The compact assembly of towers, tubes and tanks that make up the Oryx natural gas processing plant is almost lost in a vast petrochemical complex that rises here like a hazy mirage from a vast ocean of sand.
http://jlne.ws/T6wG8u
**RKB — The track record of natural gas to diesel conversion is spotty but Qatar firm is betting on global demand for cleaner diesel.

IEA warns coal renaissance threatens climate crisis
Business Green
Without urgent action to deliver a high carbon price or bring on line new unconventional gas reserves, coal is on track to displace oil as the global economy’s dominant energy source, resulting in potentially catastrophic consequences for efforts to curb carbon emissions.
http://jlne.ws/12nZGw9
**RKB – More in Coal section.

EU to award rest of green energy fund within 12 months
Reuters
The European Commission aims to award remaining funding for renewable energy and carbon capture projects within the coming 12 months, EU Environment Commissioner Connie Hedegaard said on Tuesday.
http://jlne.ws/YiacoD

Germany’s $123 Million Power Line Aids Nuclear Exit, Merkel Says
Bloomberg
German Chancellor Angela Merkel said a $123 million electricity line that took a decade to develop will improve supply security, transmitting renewable energy from north to south and helping the nation phase out nuclear power.
http://jlne.ws/R3X7vV

Germany must do more to hit green energy goals-report
Reuters
Germany’s government must do more to achieve its energy efficiency targets and keep up the momentum in its shift to renewable power, a group of independent experts said in a report seen by Reuters.
http://jlne.ws/UJv5my

French power bills must rise to cover green costs: CRE
Reuters
A tax paid by French consumers as part of their electricity bills would have to rise 80 percent to cover development of renewable energy, energy regulator CRE said on Tuesday.
http://jlne.ws/SON6EH

Britain sets five-year plan to spur solar, biomass energy
Reuters
Britain set out a 5-year plan on Tuesday to unlock the solar and biomass investment needed to achieve the country’s 2020 green energy targets.
http://jlne.ws/Ub8dQe

U.K. Sees Pressure for Carbon Target in Electricity Bill
Bloomberg
U.K. Prime Minister David Cameron and Chancellor of the Exchequer George Osborne face a rebellion within their own party after rejecting proposals to include a target for cutting carbon in new energy-market legislation.
http://jlne.ws/Ub6ytT

Yeo takes on Chancellor with renewed push for decarbonisation target
Business Green
Tim Yeo has this morning launched a blistering attack on the Chancellor and his pro-gas allies, accusing them of embracing a “short-sighted”, “extremely risky” and potentially “costly” energy strategy.
http://jlne.ws/TYfeAh

U.S. Raises Wind-Energy Duties on Chinese, Vietnamese Companies
Bloomberg
The U.S. increased import duties on wind towers produced by Chengxi Shipyard Co. and CS Wind Corp. from preliminary levies imposed earlier this year in an attempt to prevent the goods made in China and Vietnam from undercutting the domestic industry.
http://jlne.ws/TYbX49  

Sen. Boxer firms up plans for weekly ‘climate change clearinghouse’
The Hill’s E2 Wire
Senate Democrats — and any interested Republicans — will huddle weekly on climate change in the next Congress in an “open forum” to help craft and support legislation, the plan’s architect said.
http://jlne.ws/Yifroc

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

EU competition finds no carbon storage winner
Bloomberg
The first round of a European Commission contest to fund carbon capture and storage (CCS) projects failed to find a winner, the EU’s executive said on Tuesday, deepening doubts the technology can emerge soon to help cut emissions.
http://jlne.ws/SOMLBD

Adorable little Michigan town has big plans for cutting carbon emissions                           
Grist.org
Ann Arbor is a small town in Michigan that, like so many small towns across the Midwest, has been hard-hit as industry has increasingly moved away or overseas. A pleasant place with small hills and tree-lined streets, Ann Arbor has never had any distinguishing characteristic: no classic architecture, no famous music hall, no museums of note. Just a standard small town with a little main street, like so many other thousands littering the region.
http://jlne.ws/VOsrLI

Natural Gas/Coal

TransCanada CEO says Kerry pick shouldn’t change Keystone pipeline’s status
The Hill’s E2 Wire
The CEO of the company seeking to build the Keystone XL pipeline doesn’t appear to view Sen. John Kerry (D-Mass.), a longtime advocate of battling climate change, as a threat to the project if he becomes secretary of State.
http://jlne.ws/UbccfF

California to Require Disclosure 10 Days Before Fracking
Bloomberg
California regulators will require oil and natural gas companies to disclose plans to use hydraulic fracturing 10 days in advance, under draft regulations released today.
http://jlne.ws/WndF16

Taiwan’s CPC Seeks Deep-Water Gas With Husky
The Wall Street Journal
Government-owned CPC Corp. is venturing into deep waters in the Taiwan Strait to search for natural gas, marking its first foray into deep-water gas exploration and production. The refiner has teamed up with Husky Energy Inc., HSE.T -0.79% Canada’s top oil and gas producer by output, it said Tuesday.
http://jlne.ws/UJFn5Z

Defense bill preserves military biofuels program
The Hill’s E2 Wire
A House-Senate deal on defense legislation omits a GOP-backed plan to thwart military purchases of biofuels.
http://jlne.ws/YifNvb

Coal’s share of global energy mix to continue rising, with coal closing in on oil as world’s top energy source by 2017
Press Release
Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency (IEA) said today as it released its annual Medium-Term Coal Market Report (MCMR).
http://jlne.ws/XGNDVv

Power

Sweden’s Grid Puts Renewable Energy Targets at Risk, Group Says
Bloomberg
Sweden’s power grid operator isn’t making enough provision for the growth in electricity from wind turbines, putting the nation’s renewable energy goals at risk, the Swedish Wind Energy Association said.
http://jlne.ws/T6rAJx

Water

Shell to Build Canada Water Project to Make Up for Lost Capital
Bloomberg
Royal Dutch Shell Plc (RDSA), which announced plans to give up exploring for natural gas in northwest British Columbia’s Klappen area, has agreed to build a water recycling project to help make up for lost capital.
http://jlne.ws/Ub7GOk

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

View all reports >

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