Quote of the Day

“The green economy market worldwide has value of 2 trillion euros now and consultants say that in 2020 it’ll be 4 trillion. That shows its enormous potential. I think we can really be on front of this development and we can benefit from these investments. But you have to be a front- runner and not a fast follower.”

German Deputy Environment Minister Katherina Reiche in Bloomberg’s “EU Needs Stronger CO2 Market, Germany’s Reiche Says”

Lead Stories

EU climate commissioner promises ETS fix
Environmental Finance
The European Commission aims to bring forward a proposal for agreement by member states by the end of the year to tackle the oversupply of carbon allowances in the EU Emissions Trading System (ETS), EU climate commissioner Connie Hedegaard announced on Thursday.
http://jlne.ws/I9HOeD

EU Needs Stronger CO2 Market, Germany’s Reiche Says

Bloomberg
Europe needs to strengthen its carbon program to stimulate investment in low-emission technologies after an oversupply of permits pushed prices to a record low, Germany’s deputy environment minister said.
http://jlne.ws/J6EQdK

EU climate chief: looking at China’s airline carbon plan
Reuters
EU Climate Commissioner Connie Hedegaard said on Thursday that officials were looking at a Chinese plan for its aviation carbon emissions, but did not yet have enough information to see if it could count as an “equivalent measure” under EU carbon law.
http://jlne.ws/I5RzuW

EU climate chief says to review carbon auction rules
Reuters
The European Commission will review its auctioning rules for the EU’s carbon Emissions Trading System (ETS) by the end of the year as part of efforts to boost the market, the EU’s climate commissioner said on Thursday.
http://jlne.ws/HWCRZy

Poles to fight carbon market price support
Financial Times
Poland is insisting there should not be any “administrative meddling” that would prop up prices in the European Union’s carbon market – the world’s largest – on the eve of a special meeting on the troubled Emissions Trading Scheme.
http://jlne.ws/HXwJ27

Poland says ETS reform could bankrupt its industry
Reuters
A European Commission plan to boost the carbon market is unfeasible and could bankrupt Polish companies, Poland’s environment minister said on Thursday.
http://jlne.ws/HUvZq1

EU: Green economy the solution to Europe’s job crisis
Business Green
Over 20 million new jobs could be created in Europe’s green economy over the next decade if EU member states adopt Brussels’ new jobs package and make low-carbon industries central to their national employment plans.
http://jlne.ws/HXgUIT

India Struggles to Deliver Enough Electricity for Growth
The New York Times
NELLORE, India — India has long struggled to provide enough electricity to light its homes and power its industry around the clock. In recent years, the government and private sector sought to change that by building scores of new power plants.
http://jlne.ws/HWF5bx

California approves CO2 market rules for utilities

Point Carbon
California utility regulators on Thursday unanimously approved rules for buying and selling carbon permits and offsets for the state’s three large investor owned utilities (IOUs), giving them the green light to enter the state’s nascent emissions trading scheme.
http://jlne.ws/HTB6LR

Mexican senate clears climate law

Point Carbon
Mexico’s Senate passed a modest climate change measure on Thursday, clearing the way for President Felipe Calderon to sign it into law.
http://jlne.ws/HUL0Ir

COLUMN-Green energy M&A? First find a buyer: Gerard Wynn

Reuters
The plunging share prices in green energy manufacturers has fuelled speculation of a takeover spree – but there is a catch: finding a buyer in a falling market.
http://jlne.ws/I88FV7

Solar Will Dominate Clean-Energy Mergers, Jefferies Says

Bloomberg
Solar manufacturers will lead consolidation in the clean-energy sector this year because of overcapacity and declining government incentives, according to a survey conducted by Jefferies Group Inc. (JEF).
http://jlne.ws/HWwwgt

Butamax Taps Fagen for First Ethanol-to-Butanol Conversion Plant

Bloomberg
Butamax Advanced Biofuels LLC, a joint venture of BP Plc (BP/) and DuPont Co., is working with the construction company Fagen Inc. to convert an ethanol plant in Minnesota to one that produces a more efficient renewable fuel.
http://jlne.ws/HXfE8D

US

Nearly 80% of Americans Believe News Coverage of the Environment Should Be Improved

Press Release
Asheville, N.C.– 79% of Americans believe news coverage of the environment should be improved according to a new national poll commissioned by the Project for Improved Environmental Coverage and conducted by the Opinion Research Corporation over the weekend of April 14-15. Taken together, the results of the poll confirm that regardless of age, race, income or region of the country, an overwhelming majority of Americans believe news coverage of our environment should be improved.
http://jlne.ws/HWsJhs

Americans Confess ‘Green Guilt’ Is Growing

LiveScience
The number of Americans who admit that they suffer from environmentally related “green guilt” has more than doubled in the past three years, according to a new survey. Environmental experts define green guilt as the knowledge that you could and should be doing more to help preserve the environment. Today it affects nearly one-third (29 percent) of Americans.
http://jlne.ws/ITxxQ3

California leads green tech funding, reduces greenhouse emissions

Los Angeles Times
California has had remarkable success in extending its national lead in clean technology, using it to help fuel the state’s economic rebound and drive its effort to cut greenhouse gas emissions, even as its population continues to grow.
http://jlne.ws/JbLfjj

California May Credit Big Hydro Power to Green Energy Goal
Bloomberg
California, the second-largest U.S. hydroelectric producer, would count large water projects toward its goal of having renewable resources supply a third of its power under a bill approved by an Assembly committee.
http://jlne.ws/I5T24l

More on Global Warming from a Republican Meteorologist

The New York Times Dot Earth column
The meteorologist and energy entrepreneur Paul Douglas is keeping up his valuable effort to depoliticize the science pointing to a growing human influence on the climate. Last month, I noted a post in which he described the scientific case posed by the unabated emissions of greenhouse gases. He described himself as a “Republican deeply concerned about the environmental sacrifices some are asking us to make to keep our economy powered-up, long-term.”
http://jlne.ws/HXmcnq

New Keystone route requires months of review

CNN
A proposed new route through Nebraska for the controversial Keystone XL pipeline will require six to nine months of review under the normal process conducted by state and federal officials, a Nebraska official said Thursday.
http://jlne.ws/IZbTPH
**repeats in Canada

Keystone XL pipeline: New route sparks complaints in Nebraska that old concerns not addressed

Calgary Herald
When President Barack Obama denied a permit for the Keystone XL pipeline in January, Nebraska cattle buyer Randy Thompson was hopeful his land would be spared from future construction of the massive oilsands project.
http://jlne.ws/HM80dF
**repeats in Canada

Canada

New Keystone route requires months of review
CNN
A proposed new route through Nebraska for the controversial Keystone XL pipeline will require six to nine months of review under the normal process conducted by state and federal officials, a Nebraska official said Thursday.
http://jlne.ws/IZbTPH
**repeats in US

Keystone XL pipeline: New route sparks complaints in Nebraska that old concerns not addressed

Calgary Herald
When President Barack Obama denied a permit for the Keystone XL pipeline in January, Nebraska cattle buyer Randy Thompson was hopeful his land would be spared from future construction of the massive oilsands project.
http://jlne.ws/HM80dF
**repeats in US

Wildrose stance on climate change met with catcalls at Alberta leaders debate

Winnipeg Free Press
Wildrose Leader Danielle Smith was roundly booed and mocked at an Alberta election debate Thursday for questioning climate change, with Premier Alison Redford suggesting Smith in the province’s top job would be a national embarrassment.
http://jlne.ws/IU3bgs

Europe

Firms could sell UK offshore fields to store carbon
Reuters
Owners of depleted oil and gas fields offshore Britain could sell carbon storage space to neighbouring countries as pumping carbon captured from power plants out to sea would be better accepted by the public than burying it on land, academics said.
http://jlne.ws/JkgY0Q

Doosan Abandons $272 Million Scottish Offshore Wind Plan

Bloomberg
Doosan Power Systems Ltd., a unit of South Korea’s biggest power equipment maker, abandoned a 170 million-pound ($273 million) plan for offshore wind in Scotland because of economic difficulties in Europe.
http://jlne.ws/JR5r93

Korean investor drops wind turbines plan
Financial Times
Britain’s wind energy sector suffered a blow when it emerged that a big Korean investor had dropped a plan to build offshore wind turbines in Scotland.
http://jlne.ws/HX6O9M

Industry sees little public support for National Opposition to Windfarms

Business Green
The wind energy industry has today hit back at the launch of a national anti-wind farm group with the release of a major new survey showing that over two-thirds of people are broadly in favour of wind farms.
http://jlne.ws/HWYIOp

Asia

Negative Energy Drives Positive Changes in Japan
Wall Street Journal
The power of fear is one way to promote energy conservation. In Japan, utility companies and energy regulators are forecasting electricity generation could fall as much as a fifth below peak summer demand in some areas. Nuclear power met 30% of Japan’s electricity needs pre-Fukushima, but the last nuclear facility still operating will close for maintenance next month.
http://jlne.ws/JRiSWo

Japanese Government Finds New Chairman for Tepco
Wall Street Journal
The Japanese government chose an advocate of utility-industry overhaul to be chairman of Tokyo Electric Power Co., 9501.TO -0.98% in a last-ditch attempt to keep Tokyo’s drive to restructure the utility on track.
http://jlne.ws/HXmPh4

Africa/Middle East

French and African firms launch 45-mln euro Africa CO2 fund
Point Carbon
Two French financial institutions and the West Africa Development Bank (BOAD) will launch a 45-million euro fund to increase the number of emission reduction projects in Sub-Saharan Africa, the groups said in a press release Thursday.
http://jlne.ws/HQNWFy

Southern Africa to build climate change study centre
AFP
Southern African countries on Wednesday agreed to launch a centre to tie together climate change studies across the region. South Africa, Angola, Botswana, Zambia and Namibia signed a declaration to launch the Southern African Science Service Centre for Climate Change and Adaptive Land Management in the Namibian capital Windhoek.
http://jlne.ws/IYCSLr

Latin America

Brazil Promoting Rooftop Solar Market With New Policies
Bloomberg
Brazil, where solar installations last year were less than 1 percent of those in world leader Germany, is developing policies that may boost rooftop panel sales to $3 billion within 20 years.
http://jlne.ws/ISihIA

Mexico Finance Minister: G-20 Should Discuss Argentina’s YPF Takeover Move

Wall Street Journal
A Friday meeting of the Group of 20 finance ministers should discuss Argentina’s planned nationalization of its largest oil company, Mexico’s finance chief said Thursday.
http://jlne.ws/HWCQor

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