Quote of the Day

“We’re ready to negotiate within our framework. We aren’t trying to dominate the world.”

Siim Kallas, European Commission vice president and transport commissioner, at an aviation conference in Singapore, reported in AP’s “EU open to talks but won’t scrap carbon tax”

Lead Stories

EU open to talks but won’t scrap carbon tax
AP
Europe is willing to discuss its new carbon emissions tax for airlines with disgruntled governments but has no plans to scrap the levy, top EU officials said Monday.
http://jlne.ws/AqipcZ

IATA seeks UN deal on carbon trading
www.travelweekly.co.uk
The International Air Transport Association (IATA) has called for the United Nations to broker a deal on the European Union Emissions Trading Scheme (ETS) after China banned carriers from joining last week.
The US, Canada, Russia and India also oppose the scheme which requires airlines entering EU airspace to buy and trade carbon credits to cover emissions.
http://jlne.ws/Ai6o75

EU aviation carbon tax fuels concerns, may go to U.N

Reuters
Global planemaker Airbus joined a chorus of concern that a European scheme to charge airlines for carbon emissions risks triggering a full-blown trade war, with implications for plane deals and even Europe’s crippling sovereign debt crisis.
http://jlne.ws/xkeZ5h

China Shale Delay to Boost LNG Imports in Boon for Exxon: Energy
Bloomberg
China’s ambitions to unlock the natural gas trapped in shale rocks are likely to take longer than planned, boosting the nation’s reliance on overseas suppliers from Exxon Mobil Corp. to Royal Dutch Shell Plc.
http://jlne.ws/xz63E0

Deutsche Bank ups EUA forecast, sees 20-25 euro price with intervention

Point Carbon
Deutsche Bank analysts raised their forecast for average European Union carbon prices in the first half of this year by 25 percent on Monday, citing expectations the EU will find a way to reduce an oversupply of carbon permits.
http://jlne.ws/zaJ4SI

Norway’s Statkraft bucks trend by expanding CO2 desk

Point Carbon
Norwegian utility Statkraft has added two staff to its carbon desk in the past two months, bucking a downsizing trend triggered by plunging carbon prices and waning confidence about the market’s future.
http://jlne.ws/wIj5v0

Obama’s Budget Would Extend Treasury Grants for Wind, Solar
Bloomberg
President Barack Obama’s proposed budget would renew and extend a subsidy for renewable-energy projects that helps pay for as much as 30 percent of development costs, according to a solar lobbying group.
http://jlne.ws/yl4xnx

Obama Budget Would Cut $40 Billion in Fossil-Fuel Credits

Bloomberg
President Barack Obama, who pledged an “all of the above” energy strategy that included fossil fuels, renewed his proposal to cut more than $40 billion in tax breaks for oil, gas and coal producers in the next decade to spend more for conservation and alternate energy.
http://jlne.ws/ADzQEB

Obama’s budget doubles down on renewable energy

The Hill’s E2 Wire
President Obama’s fiscal 2013 budget request doubles down on renewable energy amid growing Republican attacks on the administration’s green agenda.
http://jlne.ws/wkGEGR

BUDGET REQUEST
White House
Fiscal 2013
http://jlne.ws/zytC8h

Investors Warm to Climate Firms Seeking Efficiency, Osmosis Says
Bloomberg
Osmosis Investment Management LLP said investors are more prepared to buy into riskier climate- related businesses that seek resource efficiency amid population growth and higher oil prices. Osmosis tracks companies active in low-carbon services and technologies through the Osmosis Climate Solutions Index. The index is showing early signs of growth after underperforming in the past few years, said Benjamin Dear, a partner at the London- based investment management company.
http://jlne.ws/zCuMmJ

Major Corporates Come Clean on Forest Risk; Big Oil Doesn’t

Ecosystem Marketplace
Patrick Spink was surprised to see how susceptible his company is to disruptions in the supplies of soy, palm oil and leather – something he learned after signing up for the Forest Footprint Disclosure project (FFD) three years ago.
http://jlne.ws/AqbCfP

CME Oil Trading Halted Due to Technical Glitch
Wall Street Journal
A technical glitch shut down CME Group Inc.’s electronic oil-trading platform for more than an hour Monday, throwing the market into disarray and sending traders to place bets on the New York Mercantile Exchange floor.
http://jlne.ws/ykQbgs

Private Equity Drills Into Oil Patch
Wall Street Journal
Wall Street thinks it has tapped a new gusher. Searching for growth in a tepid economy, private-equity firms are zeroing in on the U.S. oil patch.
http://jlne.ws/w4XgjY

US

Phoenix rising: Can ‘the world’s least sustainable city’ go green?
Grist
What was the most surprising thing that came out of Andrew Ross’s two-year research stint in Phoenix, Ariz.? For my money, it’s this: People who live there (weirdly) don’t expect their desert civilization to collapse around them at any moment.
http://bit.ly/zhmVdi

The Coming Fight Over Cap-and-Trade Revenues
NBC
In this era of perpetual budget cuts, the state faces a strange new problem on the horizon: a big new pool of revenues that is likely to produce a big fight.
http://jlne.ws/yp0B2P

Will Hurricanes Topple U.S. Wind Turbines?
NYTimes.com
The authors of the study, published on Monday in the National Academy of Sciences magazine, PNAS, set out to quantify the likelihood that a hurricane could topple towers in American waters where projects are under consideration or development.
http://nyti.ms/zbQIip

Dow Solar names Design to Zero competition winners
Midland Daily News
Three student teams from the United States and Canada received top prizes for developing design innovations to achieve affordable, high performing and energy-efficient housing solutions on a global scale. Two teams from the U.S. took first and second place and a team from Canada placed third. Winners of the competition were determined by a peer-review process that allowed all contestants to vote.
http://jlne.ws/wxKUWV
**repeats in Canada

Canada

RBC breaking new ground in Canadian banking sector on Environmental Expert
Press release
RBC has committed $20 million to a new social and environmental initiative aimed at facilitating solutions to social and environmental problems.
http://jlne.ws/wHzqIA

Keystone may be revived after U.S. election: Canada official
Reuters
The finance minister for Canada’s top oil producing province of Alberta said he expects the Canada-to-U.S. Keystone XL pipeline project to be “revived” following presidential elections this year.
http://jlne.ws/zvEEqU

Canadian PM Shills Alberta Oil Sands in China
OilPrice.com
Canadian Conservative Prime Minister Stephen Harper is in the midst of an official visit to China.
His mission?
To convince Beijing’s mandarins to buy Canada’s Alberta oil sands hydrocarbon production, now that Republican Congressional overreach has effectively sidelined the Keystone XL pipeline, designed to transit the oil to U.S. Gulf of Mexico refineries, for the foreseeable future.
http://jlne.ws/x4r2Tg

Clean energy also needs political focus
Montreal Gazette
What might surprise many is that Canada is quietly emerging as a renewable energy leader, but it will take the same political focus currently being put toward oil sands to ensure we retain and grow the jobs that are being created in the country’s emerging clean energy sector.
http://jlne.ws/xgfbgB

Dow Solar names Design to Zero competition winners
Midland Daily News
Three student teams from the United States and Canada received top prizes for developing design innovations to achieve affordable, high performing and energy-efficient housing solutions on a global scale. Two teams from the U.S. took first and second place and a team from Canada placed third. Winners of the competition were determined by a peer-review process that allowed all contestants to vote.
http://jlne.ws/wxKUWV
**repeats in Canada

Europe

EON Warns of Offshore Wind Investment Halts, Berliner Reports
Bloomberg
EON AG (EOAN) said investments into German offshore wind farms may be halted after 2015 because of delays in connecting them to the power grid, Berliner Zeitung reported, citing Mike Winkel, head of the utility’s clean-energy unit.
http://jlne.ws/ym6eCA

PGE eyes 20 pct cut in carbon intensity by 2020
Point Carbon
Polish utility PGE, one of the EU’s biggest polluters, is planning to cut its carbon intensity 20 percent under 2010 levels by 2020 in a bid to minimise its exposure to the EU Emissions Trading Scheme.
http://jlne.ws/xsjn8l

Asia

Japan’s emissions shot up after Fukushima — but it could have been worse
Grist
According to a new report from the Breakthrough Institute (which is generally skeptical of energy efficiency and cool with nuclear power), Japan produced 4 percent more carbon dioxide this November than last.
http://bit.ly/xhJ2yM

Carbon tax a spin windfall
thetelegraph.com.au
The bill for a Canberra advertising firm to undertake “brand and identity provision” has soared from $41,167 to $200,000 within months. With branding work for the department to continue until June, the opposition yesterday questioned why the department needed such services from an advertising company.
http://jlne.ws/w2Qxmn

China’s Yingli to Buy $100 Million in Solar Products From Dupont
Bloomberg
Yingli Green Energy Holding Co. (YGE), a Chinese manufacturer of solar panels, agreed to buy $100 million of solar materials from DuPont Co. (DD).
http://jlne.ws/z9gUD8

Latin America

New Petrobras CEO Sees No Spending Increase

Wall Street Journal
Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, won’t boost spending in its new investment plan, the company’s new chief executive said Monday.
http://jlne.ws/wg2BTw

Brazil pledges up to $585 mln for climate fund

Point Carbon
The Brazilian government announced on Monday it will provide 1 billion reais ($585 million) over the next three years to its Climate Fund, a program that will support projects such as low-carbon buses and waste management systems.
http://jlne.ws/xUKw4B

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