Quote of the Day

“What we’re asking for is a reexamination of a system which would essentially index the baseline and make this more like an indexed system.”

International Emissions Trading Association President Henry Derwent in Bloomberg’s “Carbon Traders Group Urges Overhaul of EU Cap-and-Trade Plan”

Lead Stories

Carbon Traders Group Urges Overhaul of EU Cap-and-Trade Plan

Bloomberg
The European Union should change its carbon-trading plan by introducing a mechanism to allow changing the bloc’s pollution cap to reflect economic conditions, the International Emissions Trading Association said.
http://jlne.ws/zWDvEG

IETA position on the state of the EU ETS
IETA
IETA members strongly support the EU ETS and believe that the market responds as intended: it delivers emission reductions at lowest costs to society and adjusts to economic conditions.
http://jlne.ws/y2sr8v

POLL: Set-aside could double EUA prices by 2014

Point Carbon
Withdrawing carbon permits from the EU Emissions Trading Scheme could cause European carbon prices to double by the end of next year, a poll of analysts showed Wednesday.
http://jlne.ws/w5wyMD

Climate Change Capital founder sees Bunge deal soon

Point Carbon
U.S. agricultural commodity trader Bunge’s planned buyout of UK-based investor Climate Change Capital (CCC) could be finalized over the next month after it clears Britain’s top market regulator, the founder of CCC said on Wednesday.
http://jlne.ws/yg7Yjr

UK carbon market expertise in demand ahead of Aussie trading scheme
Business Green
Australia is targeting UK companies’ expertise to help launch its first carbon trading system and make the most of the significant commercial opportunities the scheme offers.
http://jlne.ws/w6oBBE

New Global Bond Body Would Boost Climate Funds, Citi Says
Bloomberg
A global financial institution similar to the U.S.’s Overseas Private Investment Corp. may help create a new type of bond, boosting funds for climate protection as it cuts costs and risks for investors, said a Citigroup Inc. (C) executive.
http://jlne.ws/xbSdyP

New forest carbon fund launched to supply Californian carbon market

Press Release
New Forests Inc. from Australia launched Forest Carbon Partners, L.P. – an investment vehicle for California-compliant forest carbon offset projects – and closed its first two transactions. Forest Carbon Partners offers forest carbon offset project finance and development services to private forest landowners nationwide.
http://jlne.ws/wzdXt8

Climate skeptics – who gets paid what?
guardian.co.uk
Leaked documents show US thinktank the Heartland Institute has been making payments to experts and scientists to cast doubt on climate science. Here, we profile some of the figures” http://bit.ly/ygRHOB
**JK – Heartland’s been Climategated!
**This from Heartland press department: The stolen documents appear to have been written by Heartland’s president for a board meeting that took place on January 17. He was traveling at the time this story broke yesterday afternoon and still has not had the opportunity to read them all to see if they were altered. Therefore, the authenticity of those documents has not been confirmed.

Heartland Documents Reveal Fringe Denial Group Plans to Pursue Koch Money, Dupe Children and Ruin Their Future
ThinkProgress
Personally, I was skeptical of these docs, at least until I read the 2012 Fundraising Plan, which attacks the temperature station data of the “the National Aeronautics and Atmospheric Administration (NOAA).” That kind of error is classic Heartland.”
http://bit.ly/yy7dsE

Heartland Institute Responds to Stolen and Fake Documents
Press Statement
Yesterday afternoon, two advocacy groups posted online several documents they claimed were The Heartland Institute’s 2012 budget, fundraising, and strategy plans. Some of these documents were stolen from Heartland, at least one is a fake, and some may have been altered.
http://jlne.ws/wR4TjE

Scientist denies he is mouthpiece of US climate-sceptic think tank

The Age
A PROMINENT Australian scientist has rejected as offensive any suggestion he is doing the bidding of a US climate-sceptic think tank that is paying him a monthly fee.
http://jlne.ws/wR4TjE

Will Heartland Institute scandal force transparency on corporate donors?
Business Green
Companies have been warned they must be more transparent about their funding of lobbying groups in the light of leaked documents that apparently detail corporate donations to US climate-sceptic think-tank the Heartland Institute.
http://jlne.ws/zaCOKE

U.S. Pushes to Cut Emissions of Some Pollutants That Hasten Climate Change
The New York Times
Impatient with the slow pace of international climate change negotiations, a small group of countries led by the United States is starting a program to reduce emissions of common pollutants that contribute to rapid climate change and widespread health problems.
http://jlne.ws/wIKUn8

U.S. will lead new effort to cut global warming from methane, soot

Washington Post
With global efforts to reduce carbon dioxide emissions stalled, the United States and five other countries are starting a new program to cut other pollutants — including methane, soot and hydrofluorocarbons — that contribute to global warming.
http://jlne.ws/yHbfKX

Gore Likens Carbon to Subprime Debt in Plan to Repair Capitalism
Bloomberg
Former U.S. Vice President Al Gore said investors in oil and gas companies who ignore the cost of emitting carbon dioxide and other greenhouse gases are making a mistake similar to those who invested in subprime mortgages.
http://jlne.ws/xJ3yHQ

What makes a sustainable city?
Guardian
Michael d’Estries for GE’s ecomagination site, the five cities leading the world in terms of sustainability initiatives are Vancouver, San Francisco, Oslo, Curitiba and Copenhagen.
http://bit.ly/z2Hwjn

Thermal coal price hits 15-month low
Guardian
Thermal coal prices hit a 15-month low on Wednesday, testing the key $100 a tonne level in Europe, amid plentiful supplies from Russia, Colombia and other producers and competition from the lowest natural gas prices in the US in a decade.
http://jlne.ws/zCUcme

Bill Gates jumps into fray over SEC oil transparency rule
The Hill’s E2 Wire
Bill Gates is pressing the Securities and Exchange Commission to issue strong rules that force oil and mining companies to disclose payments to foreign governments, arguing that exemptions energy producers are seeking would defeat the measure’s intent.
http://jlne.ws/xUfgUi

Making the economic case for business and biodiversity

Forbes
Is there an economic case for businesses to do something about the continuing loss of biodiversity? This is the aim of a newly published book on “The Economics of Ecosystems and Biodiversity in Business and Enterprise”. The book “argues that there are both serious risks to business, as well as significant opportunities, related to biodiversity loss and ecosystem degradation.”
http://jlne.ws/w9vIxa

US

Cape Wind’s Nstar Win May Pave Way for First U.S. Offshore Farm
Bloomberg
Nstar (NST)’s agreement to purchase power from Cape Wind Associates LLC may lead to financing of the first U.S. offshore wind project.
http://jlne.ws/yfMbod

Sen. Alexander: Don’t extend wind energy tax credit in payroll package
The Hill’s E2 Wire
Sen. Lamar Alexander (R-Tenn.) is taking aim at a proposal to extend a key renewable energy tax credit as part of a broader payroll tax cut package.
http://jlne.ws/xG6tyv

Pipeline Politics: Keystone, Advocates and Analysts
Time
If there were any doubt that the proposed Keystone XL pipeline—which would bring more than 700,000 barrels a day of Canadian oils sands through the Midwest to refineries in the U.S.—has become the biggest environmental issue in America, this week should have quieted them. On Monday at 12 PM ET a coalition of major environmental groups led by the writer-turned-activist Bill McKibben launched a 24-hour effort to gather half a million signatures for an online petition urging the Senate to block a Republican-led effort to force approval of the pipeline, which had been rejected by President Obama in January.
http://jlne.ws/xZlxbE

**repeats in Canada

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
**repeats in Canada

Harvard Offers Students $100,000 Prize to Solve Social Issues
Bloomberg
Harvard University is challenging students to develop entrepreneurial solutions to problems like global warming and poverty through a $100,000 competition announced today by President Drew Faust.
http://jlne.ws/yRo3ua

Canada

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
**repeats in US

Pipeline Politics: Keystone, Advocates and Analysts
Time
If there were any doubt that the proposed Keystone XL pipeline—which would bring more than 700,000 barrels a day of Canadian oils sands through the Midwest to refineries in the U.S.—has become the biggest environmental issue in America, this week should have quieted them. On Monday at 12 PM ET a coalition of major environmental groups led by the writer-turned-activist Bill McKibben launched a 24-hour effort to gather half a million signatures for an online petition urging the Senate to block a Republican-led effort to force approval of the pipeline, which had been rejected by President Obama in January.
http://jlne.ws/xZlxbE
**repeats in US

Europe

Co-op renewables lending tops 700m sterling
BusinessGreen
The Co-operative Group is well on its way to investing 1bn sterling in UK green energy projects by 2013 and could surpass its own lending target if demand from project developers continues to grow.
http://bit.ly/ygXeWY

Ireland eyes share of REDD investment following tax breaks
Point Carbon
Ireland is hoping to attract a growing share of investment in a nascent forest carbon market after the government earlier this month recognised forest-based credits in its tax code, enabling banks and asset managers based in the country to offer them as financial instruments.
http://jlne.ws/wPSEiI

Russia to issue 100 mln ERUs in 2012: Sberbank
Point Carbon
Russia will issue 100 million carbon certificates worth half a billion euros in 2012, a Sberbank executive who helps administer projects for the government said in an interview.
http://jlne.ws/xLbcYe

Asia

AMSC Says Chinese Court Denied Sinovel Motion to Move Suit
Bloomberg
American Superconductor Corp. (AMSC), a U.S. maker of wind-turbine components, said a Chinese court denied a motion by Sinovel Wind Group Co. (601558) to transfer a lawsuit to arbitration.
http://jlne.ws/xEjuZ9

Australia Starts A$1 Billion Fund to Cut Manufacturing Pollution

Bloomberg
Australia launched a A$1 billion fund designed to aid manufacturers improve energy efficiency and reduce pollution. The Clean Technology Investment Programs will provide grants to help manufacturers buy new plant and equipment which cuts energy costs or reduces carbon pollution, Industry and Innovation Minister Greg Combet said in an emailed statement today.
http://jlne.ws/w7ImeI

S.Korea parliament delays emission bill vote again

Point Carbon
South Korea’s parliament has delayed a vote on an emissions trading scheme scheduled for Thursday because of political wrangling between the government and opposition ahead of parliamentary polls in April, a government official said.
http://jlne.ws/ypxAhN

INTERVIEW: Power sector, financials key to China ETS success
Point Carbon
China’s pilot emissions trading schemes would have a good chance of being successful if power generators are included and the market attracts the financial services sector, according to industry lobby group IETA.
http://jlne.ws/ztJlKH

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