In this edition: The New York Times reports on a renewable energy conference in “Dreaming Up Whole New Carbon Markets.” And, The Age reports “High-power panel to put emissions on target.” Grist.org offers: “In Rio, disappointment, discontent — and a few silver linings.”
Quote of the Day:
“Imagine a market developing – a commercial market — for CO2. We might find that there are a lot of uses for it. Let’s keep thinking about ways to harness market forces to achieve both policy and investment goals.”
–Richard Kauffman, senior advisor to Steven Chu, in The New York Times’ “Dreaming Up Whole New Carbon Markets”
Dreaming Up Whole New Carbon Markets
The New York Times
Normally, when supporters of renewable energy talk about carbon markets, they’re referring to a system of traded credits that industries buy to compensate for their emissions of greenhouse gases, like the ones already sold in Europe and under development in California and Canada. But at the Renewable Energy Finance Forum-Wall Street, an annual conference organized by the American Council on Renewable Energy, the talk on Wednesday was of developing a different kind of carbon market where the gas would be bought and sold like a commodity to encourage carbon capture.
An Earth Summit Draws on Oil, Mining and Utility Largess
The New York Times
The cups at the water coolers here at Rio+20, the global sustainability conference taking place Wednesday through Friday, are made of rough biodegradable corn fiber rather than plastic. Vans running on second-generation ethanol made from sugar cane bagasse take conference members, free of charge, from the hotels on the Copacabana beach to the conference center an hour away.
United States, Canada Announce Next Phase of U.S.-Canada Clean Energy Dialogue
Press Release – Energy.gov
Today, the U.S. Department of Energy (DOE) and Environment Canada released the U.S.-Canada Clean Energy Dialogue (CED) Action Plan II, outlining the next phase of activities the two countries will undertake to jointly advance clean energy technologies.
High-power panel to put emissions on target
THE Gillard government has named its ”Reserve Bank for climate change” – as coined by Tony Mohr of the Australian Conservation Foundation – a high-powered panel, including hard-headed industry representatives, that will help set Australia’s greenhouse gas and renewable energy targets.
PM to push for green goals in Rio
JULIA Gillard will use her set-piece speech to almost 100 world leaders at the Rio Conference to throw Australia’s weight behind the push for new ”sustainable development goals” to set clear standards for national efforts on the sustainable use of food, water and energy.
Rio +20: Public transport gets 111bn sterling bank boost
Despite widespread criticism over the lack of ambition in the soon-to-be agreed text at the Rio+20 sustainability summit, green businesses can still expect to see a number of significant policy developments as a result of the summit.
Climate change to worsen hunger as U.N.’s Rio+20 begins
As leaders from more than 130 nations convene a United Nations conference on sustainable development Wednesday, new research shows how climate change will likely exacerbate a key issue: hunger.
In Rio, disappointment, discontent — and a few silver linings
The first official day of the Rio+20 Earth Summit brought clouds, light rain, and a whole lot of sad-face among those who have worked for months to make the meeting a success. The overwhelming feeling here, even as world leaders and celebrities rolled in for the official pomp and circumstance, was that the summit was over even before it began. Still, not everyone was despondent
Clinton to roll out green-energy plan
The Hill’s E2 Wire
Secretary of State Hillary Clinton will use the big United Nations Conference on Sustainable Development in Brazil as the platform to announce a new mechanism for financing green energy in Africa.
UN Sustainability Drive Draws China, Bolivia Criticism
The United Nations plan to harmonize economic growth with environmental protection drew criticism from Chinese and Bolivian leaders, underscoring a rift that limited the ambition of the Rio+20 summit.
Dubai Mercantile Exchange Appoints CEO
DME (Dubai Mercantile Exchange) the Middle East’s leading energy futures exchange and home to the emerging benchmark for crude oil pricing for the East of Suez markets, has today announced the appointment of former BNP Paribas Head of Marketing for Commodity Futures APAC, Christopher Fix, as Chief Executive Officer.
Deforestation Emissions May Be a Third of Prior Estimates
The carbon emissions from cutting down tropical forests may be about one third of the level previously estimated, according to an article in the journal Science.
Responsible Business Summit
June 27 -28, 2012, New York
Carbon Forum North America
October 1-2, 2012
Sustainability Summit – Innovation Challenge
October 9, 2012
EU Plan to Delay Carbon Sales May Violate Law, Law Firm Says
A European Union plan to temporarily delay carbon permits sales starting next year may breach the bloc’s legislation, said Luther Rechtsanwaltsgesellschaft mbH, the German law firm.
EU: Most ETS criticism not constructive
Air Transport World
Fielding questions on the European Union Emissions Trading Scheme (EU ETS), first counselor – environment, delegation of the European Union to the United States of America Gűnter Hőrmandinger acknowledged that the scheme has received global criticism, “but not a lot of constructive responses.”
Brazilian emissions-efficiency ETF raises $500m
A Brazilian exchange-traded fund (ETF) that tracks carbon-efficient companies has attracted BRL1 billion ($502 million) in investment.
Mandatory carbon reporting for all large firms still on the cards
The government has defended its decision to restrict mandatory carbon reporting requirements to firms listed on the main London Stock Exchange, hinting the new reporting regime could be expanded to cover all large businesses from 2016 onwards.
Some like it hot (or cold): How weather affects carbon emissions
As we take climate change more seriously, we’ll need better ways of measuring carbon emissions. That doesn’t just mean reporting and monitoring systems, but also better conceptual models, a sense of how best to compare emissions between regions or countries.
Cabot to Buy Norit for $1.1 Billion to Add Carbon
Cabot Corp. (CBT), a U.S. maker of carbon black used in rubber tires, agreed to buy Norit NV (NRIT) for $1.1 billion to become the largest producer of activated carbon, which is used to cleanse smokestack emissions and water.
To Spur Innovation, What Price to Put on Oil Sands Carbon?
British Columbia won high praise in 2008 for implementing North America’s first carbon tax. Technically, it was. But in truth the idea of putting a market price on greenhouse gas emissions was pioneered exactly one year earlier, by Alberta.
Gazprom Biggest Loser as Shale Gas Upends World Markets
The natural-gas boom reshaping America is rocking Russia, where state producer OAO Gazprom (GAZP) is slow to react and at risk of becoming the world’s biggest loser from the new technology to drill shale rock.
Scottish Energy Minister questions electricity market reform
Energy Efficiency News
Scottish Energy Minster Fergus Ewing yesterday questioned the UK government’s planned electricity market reform, warning it would provide public subsidies for nuclear power that could instead be focused on renewables.
New EBay Data Center Will Run on Fuel Cells
Biogas fuel cells will power an extension to eBay’s data center in Utah, set to go online around the middle of next year.
Renewable Electricity Futures Study (Posted June 20, 2012)
National Renewable Energy Laboratory
Public Views on Climate Policy Options: Spring 2012 NSAPOCC Findings (Posted June 18, 2012)
Energy Technology Perspectives 2012 (Posted June 11, 2012)
Strengthening the European Union Emissions Trading Scheme and Raising Climate Ambition
WWF/Greenpeace/Oko Institut (Posted June 11, 2012)
Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production (Posted June 4, 2012)
Vulnerability of US and European electricity supply to climate change (Posted June 4, 2012)
Nature Climate Change
Developing Dimension: State of the Voluntary Carbon Markets 2012 (Posted May 31, 2012)