Quote of the Day

“No GOP candidates or policymakers want to touch the issue, and those of us trying to educate them are left frustrated. Climate change has become a third rail in politics.”

Kerry Emanuel, an atmospheric scientist at the Massachusetts Institute of Technology and a registered Republican, in InsideClimate News’ GOP Not Listening to Its Own Scientists on Climate Change

Lead Stories

ICE makes UK carbon platform bid
Financial Times
Three of the world’s largest exchanges are among those bidding to win the contract to auction Britain’s emissions trading allowances, after IntercontinentalExchange on Monday confirmed it had submitted a tender.
**JK – Okay, who here really thinks Bluenext will win the bidding?

Bunge Buys Climate Change Capital After Carbon Prices Plunge

Bunge Ltd. (BG), the world’s second- largest oilseed processor, won approval to acquire Climate Change Capital, a London fund manager that manages the world’s largest private-sector carbon fund, after C02 prices slumped to a record.

China Energy Consumption Rises at Fastest Pace in Four Years

China’s energy use rose at the fastest pace in four years in 2011 and efficiency improved, according to the National Bureau of Statistics.
**JK – China derives 70% of its power from coal, according to the story.

Volume of global carbon market to grow by 13% this year

Thereafter global carbon markets to enter first decline in volumes since EUETS was launched
Point Carbon Press Release
This year, the volume of carbon traded globally will continue to grow, by 13%, reaching 9.5 Gt CO2e, despite depressed prices, according to analysis by Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets. Most of this year’s growth in volumes will come from the 7bn EU Allowances (EUAs) and 2.2bn Certified Emissions Reductions (CERs) that will change hands this year, up from 6bn and 2bn in 2011. Activity within the EU ETS will be higher as utility hedging and portfolio management transition from phase 2 of the scheme, which ends this year, to phase 3. From phase 3, CERs from industrial gas projects are banned, which should lead to higher secondary trading of the credits this year.
No link.

Greenhouse gas battle could reap billions in auctions
Capitol Weekly (Calif.)
As California’s attempt to curb climate-changing greenhouse gases ramps up, critical pieces of the landmark law remain uncertain, including the impact of the all-important auctions of hundreds of millions of so-called “emission allowances” that will serve as the spur for utilities, refiners and others to comply.

New report from NRG Expert reveals the United States and Russia to be the two highest natural gas producers and consumers in the world
Press Release
NRG Expert’s Global Guide to Natural Gas Utilities 2012 reveals that United States became the largest producer of natural gas in 2010. Rising domestic demand, however, means that it has also become the world’s largest importer of gas. The remaining countries in the top 10 producers are Russia, Canada, Iran, Qatar, Norway, China, Saudi Arabia, Indonesia and Algeria.

Russia leads attack against EU airline CO2 law

Russia has joined countries considering tit-for-tat legislation to counter a European Union law that forces airlines to pay for carbon emissions, its transport minister said on Tuesday at the start of a Moscow meeting of countries opposing the EU scheme.
**JK – The country that brought us Aeroflot is leading the charge.

Foes of EU airline CO2 rules agree on tactics

Countries opposed to an EU law forcing the world’s airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe’s first carbon trade war.

IMO to discuss CO2 curbs for ships, industry frets

The International Maritime Organization will next week debate market-based measures to cut greenhouse gas emissions from ships, but the world’s major shipping associations on Wednesday said the timing is not right for such measures to be applied.

UN climate chief turns to CEOs for action
As governments bicker over who should do what to slow the pace of global warming, the U.N.’s climate chief is increasingly looking to business leaders to show the way forward to a low-carbon future.

GOP Not Listening to Its Own Scientists on Climate Change
Inside Climate News/Reuters
GOP scientists say their attempts to talk about climate dangers with their party’s politicians and their aides have largely fallen on deaf ears.

New Enzyme Could Cut Cost of Ethanol Made From Waste

The New York Times
It is one of the holy grails of clean energy production: finding a way to make ethanol from the cellulose in biowaste like corn husks and household trash. Although several pilot projects are up and running — with many more in the pipeline — commercial production has remained elusive, with the costs remaining much higher than for producing ethanol from corn, or gasoline.

Stolen Heartland Documents: DeSmog Blog Keeps Blowing Smoke
Global Warming.org
Climate scientist Peter Gleick has acknowledged that he was the person who convinced the Heartland Institute to hand over the contents of its January Board package, authenticating the documents beyond a doubt and further exposing the disinformation campaign Heartland has pursued in the last week, trying to discredit the information,” writes DeSmog Blog in a post titled “Whistleblower Authenticates Heartland Documents” (Feb. 20, 2012).
**JK – More on the Climategate 2.0., the counterpoint. And this from Gleick himself in the Huffington Post – The Origin of the Heartland Documentshttp://jlne.ws/wZgZoQ.
Like Climategate 1.0, this ongoing drivel gets old quickly and reinforces my argument that such scandals prove little that isn’t already known, and are diverting attention away from the issues at hand.


Reforestation Project is First VCS Registered Forest Carbon Offset Project in US
Yahoo! News
Over 30,000 acres of land in the Lower Mississippi Valley have been converted back to bottomland hardwood forests under the nation’s first forest carbon offset project to earn registration with the widely respected Verified Carbon Standard (VCS).

PG&E switches to gas, cites CO2 market as impetus
Point Carbon
California’s largest emitting utility company has signed new contracts that will close five CO2-intensive power plants, a move that could give it a leg up in the state’s emerging CO2 market.

RGGI Withdrawal Could Cost New Jersey $680 Million in Future Revenue
Solar Energy Installers
The report from Environment New Jersey, , comes as the state legislature considers bills to re-insert New Jersey into RGGI after Governor Chris Christie called the program a failure and began pulling out of the compact in May 2011.


The ground war with Europe over Alberta’s oil
The Globe and Mail
Will there really be a trade war with the European Union over imports of Canadian fuel from the oil sands?
The media have been reporting it this way, based on letter sent in December to the EU environmental commissioner by Canada’s EU ambassador. It said that if the proposed EU fuel quality directive (FQD) is enacted, Canada will march to the World Trade Organization.

The trouble with ‘carbon bombs’
Mother Nature Network
I’m not talking about reducing emissions. If you focus on reducing emissions, you can all too quickly vanish down a labyrinthine wormhole of carbon trading and nonbinding international treaties and everything else that has delayed action on climate change for the last 20 years. Better to focus on greening the grid, whose chief byproduct just happens to be reducing emissions.


Solar-Subsidies Cut in Germany May Come Three Months Earlier

German Environment Minister Norbert Roettgen and his colleague Philipp Roesler, responsible for the country’s economy, will make a statement on solar subsidies tomorrow after debating whether to accelerate cuts.

Scotland Vies With England to Build Hub for $52 Billion U.K. Wind Industry

Scotland and England, haggling over the possible breakup of the U.K., are competing to create a hub for the country’s $52 billion offshore wind industry.

Carillion signs exclusive deal for the revolutionary EcoPod
Press release
Leading UK energy services company, Carillion, is teaming up with the Warrington based Belfry Group to exclusively market and install its award-winning, revolutionary heating system EcoPod, which can virtually halve energy costs and emissions in a wide range of buildings.

Europe’s Top Solar Subsidy Lifts Ukraine as Growth Slows in West: Energy

Solar-power capacity in Ukraine is forecast to double this year, spurred by the completion of Europe’s biggest photovoltaic plant in December and incentives a third higher than anywhere else in the region.

Croatia to Seek Investors for Off-Shore Wind Farm, Poslovni Says’

Croatia will probably seek investors for an off-shore wind farm, estimated at 2.5 billion euros ($3.3 billion), Poslovni Dnevnik reported today, citing Nenad Koncar, head of the management board of Jadranska Ulaganja d.o.o.

Greentech Energy May Acquire Companies in Distress, Chief Says
Greentech Energy Systems A/S (GES), a Danish renewable energy developer, is considering purchasing companies in distress due to the European debt crisis and plans to make an announcement in the first half of the year.


Thailand to Extend Diesel, Biodiesel Tax Break to End-March
Thailand’s Cabinet agreed to extend a reduction in excise taxes for diesel and biodiesel until the end of March amid rising global oil prices, said Pakdihan Himathongkam, a deputy government spokesman.

Brian Fallow: NZ faces big calls over climate pledge

Brian Fallow – NZ Herald News
The Government has two big and difficult decisions to make regarding New Zealand’s international commitments on climate change

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