Quote of the Day

“Perhaps there’s over-concentration on the next 3-6-12-15 months. The question for policy makers is what’s beyond those months.”

Jos Delbeke in Bloomberg’s “Carbon Market May Be Too Focused on Short-Term. “

Lead Stories
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ICE Futures Europe Announces First EUAA Trade

Press Release
IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the first trade in its new futures contract on European Union Aviation Allowances (EUAAs), which was introduced for trading today.
http://jlne.ws/xW3lWn

China’s Duan to chair U.N. carbon executive board

Reuters
Maosheng Duan of China was on Monday named chairman of the executive board for the Clean Development Mechanism, becoming the first person from the world’s top polluter to oversee the UN-backed carbon market for developing nations.
http://jlne.ws/zXa1SM

South Korea Delays Bill Challenging Top-Emitter Ranking: Energy
Bloomberg
South Korea delayed approving a cap- and-trade system to cut carbon emissions, setting back efforts to regulate factories and power plants in the fastest-growing producer of greenhouse gases among industrial democracies.
http://jlne.ws/yJNZSB

EU Lawmakers Seen Backing Moves on CO2 Market
Wall Street Journal
European Union lawmakers are expected Tuesday to back the possible withdrawal of carbon-dioxide emissions permits from the EU carbon market, but are likely to soften the language from a previous proposal that had triggered a 30% jump in CO2 prices.
http://jlne.ws/wwKF3O

Carbon Market May Be Too Focused on Short-Term, Delbeke Says
Bloomberg
Investors in the European Union emissions trading system may be overconcentrating on the short- term perspective, said Jos Delbeke, director general for climate at the European Commission.”
http://jlne.ws/wDDqDE

EU warns states on energy market laws

Financial Times
Brussels has stepped up legal pressure against eight member states for failing to implement laws to liberalise their energy markets – despite the fact that leaders from four of those nations last week signed a public letter urging such reforms.
http://jlne.ws/AmuHmt

Opinion: Carbon emission policy could slash debt, improve environment

Reps. Henry A. Waxman, Sherwood Boehlert, Edward J. Markey and Wayne Gilchrest in the Washington Post
At the end of this year, the United States will confront a trifecta of difficult fiscal challenges: The Bush tax cuts will be set to expire; the defense budget and spending on civilian programs will face a $110 billion sequester; and a new extension of the federal debt limit will be looming.
http://jlne.ws/x6m2A0
**RKB – Democrats Henry A. Waxman and Edward J. Markey represent California’s 30th District and Massachusetts’s 7th District, respectively, in the House of Representatives. Republicans Sherwood Boehlert and Wayne Gilchrest formerly represented New York and Maryland districts, respectively, in the House.

Waxman and Markey attempt to reignite US carbon tax debate
Business Green
The Congressmen behind the ultimately doomed effort to deliver a US carbon trading scheme have reignited efforts to introduce a carbon pricing mechanism, teaming up with former opponents to issue a renewed call for a more coherent US climate change policy.
http://jlne.ws/ABUlHe

Editorial: Is the fight against global warming hopeless?

Washington Post
IS THE FIGHT against global warming hopeless? It can seem so. The long-term threat to the climate comes from carbon dioxide, which lingers in the atmosphere for hundreds of years, locking in higher temperatures for generations. After decades of effort, only about one-tenth of America’s energy mix comes from renewable sources that don’t produce carbon dioxide.
http://jlne.ws/zqbKwv

Editorial: Airlines, Emissions and Europe’s Sensible Plan

The New York Times
The carbon dioxide from airplanes accounts for about 3 percent of the world’s greenhouse gas emissions, a share projected to go up as air traffic rises. The European Union is now requiring airlines that fly into or out of Europe to pay a fee for these emissions. This is a smart response to an urgent problem. The United States and the other nations opposing the program should either come up with a better idea — soon — or drop their objections.
http://jlne.ws/wF0f30

E.P.A. proposes streamlining CO2 permitting for heavy industry

Reuters
U.S. environmental regulators have proposed a new rule that limits requirements for factories to hold permits for greenhouse gas carbon emissions to the largest sources such as big coal-fired power plants and big manufacturers.
http://jlne.ws/wqiJMR

EPA Proposes Keeping Carbon Regulation Limited to Top Polluters

Bloomberg
The Environmental Protection Agency proposed keeping U.S. limits on permitting requirements for greenhouse-gas emissions to power plants and other sources that discharge more than 100,000 tons per year.
http://jlne.ws/ze5O4j

Harvesting Investment Funds for Sustainable Agriculture

Ecosystem Marketplace
Food prices surged in 2007–08, and investors responded by putting their money in farmland across Africa, Asia, and Latin America. These investors include financial players like pension funds and sovereign wealth funds as well as high net-worth individuals, and they are increasingly using investment funds as a vehicle to invest in developing country agriculture. Investment funds allow different investors to pool resources to increase their investment options, diversify their investments and reduce their transaction costs.
http://jlne.ws/xrhWxd

Rock-Heating for Oil Pits Shell Against Environmentalists

Bloomberg
A proposal to tap the world’s largest oil-shale deposits in the western U.S. by heating rocks until petroleum sweats out has become the latest election-year conflict over energy policy.
http://jlne.ws/xYEDrm

How Big a Battery Would It Take to Power All of the U.S.?

Scientific American
That question is surprisingly hard to answer exactly. “It is very complicated,” says Rick Miller, a senior vice president at HDR Engineering, Inc., a company that builds pumped-hydro facilities. Different mixes of renewable sources can be vastly different in their output profiles, and some are easier to match with demand, others harder. For example, photovoltaic panels in New Mexico will reliably pump out electrons right at the time when nearby towns need it the most—that is, when the air conditioners are on. With wind, it’s trickier.
http://jlne.ws/wBdMY8

US

Location, Location, Location, 700 Million Times
The New York Times
Many arguments lie ahead on what kind of power-generating equipment should be built next. If the choice is nuclear, coal or some types of renewable energy, space will not be a problem, according to a new study sponsored by the Electric Power Research Institute, a nonprofit utility consortium. There are also lots of places to put plants that will store energy in the form of compressed air, researchers report.
http://jlne.ws/wghMme

Op-Ed: The greening of faith
Los Angeles Times
It has long been a maxim that mixing religion and politics can spell trouble. So when Rick Santorum told a partisan crowd in Columbus, Ohio, recently that President Obama‘s worldview was based on a “phony theology” that drives “radical environmentalists,” he must have known his comments would reverberate far beyond his conservative political base.
http://jlne.ws/xij11H

Pipeline Gets Jump With Gulf Route

Wall Street Journal
TransCanada Corp. said Monday it will move ahead with the U.S. Gulf Coast portion of its contentious Keystone XL oil pipeline, a move expected to help ease a Midwest supply glut even as Washington delays a decision on the bigger project until after the presidential election this year.
http://jlne.ws/wi4spm
**repeats in Canada

TransCanada Renewing Request to Build Keystone Pipeline
The New York Times
TransCanada said Monday that it would reapply for a permit to build the Keystone XL pipeline from Canadian oil sands formations in Alberta to refineries on the Gulf of Mexico, assuring that the fiercely contested project will remain a source of political heat throughout the presidential campaign.
http://jlne.ws/xgDqaJ
**repeats in Canada

Buffett Says Energy Future Bet at Risk of Being Wiped Out
Bloomberg
Warren Buffett, who bought about $2 billion in bonds of power company Energy Future Holdings Corp., said the investment is at risk of losing all its value after natural gas prices fell.
http://jlne.ws/zvT2g7

Heartland Institute Reveals E-Mail Trail

The New York Times
For those following the tale of the documents stolen from the Heartland Institute, that organization has just posted what it describes as the e-mail trail by which the scientist Peter Gleick obtained material meant for Heartland board members.
http://jlne.ws/zV1tTt

Canada

Pipeline Gets Jump With Gulf Route
Wall Street Journal
TransCanada Corp. said Monday it will move ahead with the U.S. Gulf Coast portion of its contentious Keystone XL oil pipeline, a move expected to help ease a Midwest supply glut even as Washington delays a decision on the bigger project until after the presidential election this year.
http://jlne.ws/wi4spm
**repeats in US

TransCanada Renewing Request to Build Keystone Pipeline
The New York Times
TransCanada said Monday that it would reapply for a permit to build the Keystone XL pipeline from Canadian oil sands formations in Alberta to refineries on the Gulf of Mexico, assuring that the fiercely contested project will remain a source of political heat throughout the presidential campaign.
http://jlne.ws/xgDqaJ
**repeats in US

Europe

Spain Exits Renewables Top 10 After Curbing Subsidies, E&Y Says
Bloomberg
Spain, the top-ranked renewable- energy market for investors five years ago, dropped out of the top 10 after suspending subsidies for new clean power generation, an Ernst & Young survey found.
http://jlne.ws/zbgzQd

Acciona Chief Urges Spain to Protect Renewable Energy in Reforms
Bloomberg
Acciona SA (ANA) Chairman Jose Manuel Entrecanales said solar thermal power plants, which use mirrors to capture the sun’s energy, have become cheaper than photovoltaic power in some parts of the world.
http://jlne.ws/zfT4Tk

U.K. Government Close to Opening 1 Billion Pound CCS Competition
Bloomberg
The U.K. government is almost ready to open a contest for 1 billion pounds ($1.6 billion) in funds that would back carbon capture and storage technology, Energy Minister Charles Hendry said at a conference in London today.
http://jlne.ws/yLnhDK

Poland says gears up for another CO2 battle with EU

Point Carbon
Coal-reliant Poland is trying to unify regional peers around its attempts to prevent the European Union from accepting more ambitious targets on reducing greenhouse gas emissions, officials said on Monday.
http://jlne.ws/zYIETB

Vince Cable sets out goal for long-term green growth
Business Green
Business Secretary Vince Cable has set out his ambition for long-term green growth, in the wake of a number of reports suggesting businesses are losing faith in the government’s commitment to tackling climate change.
http://jlne.ws/A6wxfN

Ernst & Young: Green energy investors turned on to UK opportunity

Business Green
Advancing plans for a fleet of large offshore wind projects have seen the UK rise to fifth on a list of the world’s most attractive countries for renewable energy investors, providing a timely boost to the government’s green agenda.
http://jlne.ws/wjQxG2

Asia

Gillard Clears Legacy of Doubt in Australia Victory
Bloomberg
Australian Prime Minister Julia Gillard’s re-election as leader of the ruling Labor party may defuse public unease over how she came to power, giving greater scope to build voter support ahead of elections due next year.
http://jlne.ws/xn3WWh

Alex Green Energy Wins India Solar Project With Record-Low Bid
Bloomberg
Alex Green Energy, a Kolkata-based developer of clean-energy plants, won the right to develop a 5- megawatt project in a solar auction in India’s eastern Odisha state, pledging to supply power at a record-low rate.
http://jlne.ws/x0lBzc

Africa/Middle East

Dubai considers launching a CO2 market to cut emissions
Point Carbon
Dubai is considering whether to set up an emissions trading scheme to reduce greenhouse gas emissions in the emirate, one of the most carbon-intensive regions on the planet.
http://jlne.ws/wZVn3Y

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