Quote of the Day
“I do not buy the notion that we have to make a choice between having clean air and clean water and growing this economy in a robust way. I think that is a false debate.”
U.S. President Barack Obama in the New York Times’ “Obama Drops by the E.P.A.”
EEX exchange bets on gas trading as growth driver
Carbon trading grows 19 per cent despite plunging prices
The volume of carbon allowances traded globally grew by almost 20 per cent last year, according to new figures that also show that falling prices meant the value of the market grew by just four per cent.
Barcap slashes 2012 carbon price outlook
Barclays Capital on Tuesday slashed its price outlook for EU and U.N.-backed carbon for 2012 and beyond, as prospects of a recession could further weaken demand in the oversupplied carbon market.
North American CO2 market value set to double to $782 mln
The volume of carbon permits and credits traded in North America is set to double in 2012, with as many as 179 million tonnes expected to change hands as California and Quebec’s carbon markets come to life, a new report by Thomson Reuters Point Carbon said.
Brown Sees $500 Million Cap-and-Trade Fees for California Budget
California (STOCA1) Governor Jerry Brown plans to use half of the revenue from the nation’s first state- run cap-and-trade air-pollution program to help ease a $9.2 billion deficit in the most populous U.S. state.
Camco’s California CO2 credit issuance up 27 pct in H2
Camco International saw a 27 percent rise in the number of California carbon credits issued in the second half of last year, as participants geared up for the start of the U.S. state’s emissions trading scheme, the low-carbon project developer said in a trading update on Tuesday.
Governments Get EU Warning on Delays in Carbon Allocation Plans
The European Union urged 17 member states that failed to submit on time their plans on allocating free carbon permits to companies to explain the reasons for delay within 10 weeks or risk infringement proceedings.
EU carbon law could boost US airline profits-study
U.S. airlines could boost their profits by more than $2.5 billion by 2020 thanks to their inclusion in the European Union’s Emissions Trading Scheme, a new study part-funded by the U.S. Federal Aviation Administration has concluded.
China moves to reform energy taxes
China, the world’s biggest producer of commodities including coal and gold, is moving to reform its resources tax system, underlining Beijing’s determination to push ahead with environmental reforms under the current five-year plan.
Steven Cohen: 2012’s Not-Quite Hopeless U.S. Climate Policy
Despite lukewarm support by the political operatives in the White House, and determined opposition by the Republicans in Congress, EPA continues to proceed with the promulgation of greenhouse gas regulations under the Clean Air Act. This has been a long process that began back in October 1999, culminating in the Supreme Court’s 2007 decision requiring EPA to regulate greenhouse gases as an air pollutant.
New materials remove carbon dioxide from smokestacks, tailpipes and even the air
After capturing carbon dioxide, the materials give it up easily so that the CO2 can be used in making other substances, or permanently isolated from the environment.
Wind power is expensive and ineffective at cutting CO2 say Civitas
A study in the Netherlands found that turning back-up gas power stations on and off to cover spells when there is little wind actually produces more carbon than a steady supply of energy from an efficient modern gas station.
Big Fracking Deal: The Looming Takeover Boom in Oil
Energy profits are booming and Big Oil shares look inexpensive. But investors with an appetite for risk might want to drill deeper into the sector to find smaller firms sitting on U.S. oil-shale riches — which make tempting takeover targets, analysts say.
Obama Drops by the E.P.A.
The New York Times
President Obama, who has been both applauded and jeered for his record on environmental issues, paid a brief visit to the headquarters of the Environmental Protection Agency in Washington on Tuesday to try to raise spirits at an agency that has been under siege for the past year.
House Republican links Daley’s departure to Solyndra probe
The Hill’s E2 Wire
The House Republican leading the investigation into the Obama administration’s $535 million Solyndra loan guarantee alleged Tuesday that White House Chief of Staff Bill Daley resigned in part because of the GOP probe into the failed solar company.
Lugar, citing Iran threats, pushes Obama on Keystone pipeline
The Hill’s E2 Wire
Sen. Dick Lugar (R-Ind.) is urging President Obama to approve the Keystone XL oil sands pipeline from Canada by highlighting instability in other oil-producing regions including the Middle East, where Iran is threatening to block a major shipping lane.
BP, Sempra to Invest $1 Billion in Wind Farms
Wall Street Journal
BP PLC and Sempra Energy said Tuesday that together they will invest more than $1 billion in two wind farms under development in Pennsylvania and Kansas.
A Fine for Not Using a Biofuel That Doesn’t Exist
The New York Times
When the companies that supply motor fuel close the books on 2011, they will pay about $6.8 million in penalties to the Treasury because they failed to mix a special type of biofuel into their gasoline and diesel as required by law.
Northern Gateway: Your guide to the hearings
The Globe and Mail
Let the great pipeline debate begin. On Jan. 10, a federal Joint Review Panel comprised of representatives from both the National Energy Board and the Canadian Environmental Assessment Agency will begin hearings into Enbridge’s proposal to build the Northern Gateway Pipeline from Bruderheim, Alta., to Kitmat, B.C. The panel expects to deliver its decision on the project by the Fall of 2013, so you can bet you’ll be hearing a lot about pipelines and oil sands for the next year and a half.
TransCanada steps up Keystone PR campaign
TransCanada Corp. has stepped up its publicity campaign for the politically charged Keystone XL pipeline, releasing a detailed breakdown of where the $7-billion project would create 20,000 jobs in the United States, if approved.
Oil-sands pipeline hits its highest hurdle
Globe and Mail
The struggle to transport the harvest of Alberta’s vast oil sands enters a new arena this week – a village on the rugged British Columbia coast where the hopes of Canada’s biggest pipeline operator will meet a business-savvy first nation with little appetite for black gold.
Barclays Corporate support overseas expansion for ENER-G
Investment can cut emissions, UK cities told
Cities in the UK could cut their energy bills by billions while reducing carbon emissions with investments that would pay for themselves in just four years, according to a new study.
Carbon savings promised as HS2 gets green signal
The government has today given the go-ahead to a controversial high-speed rail link from London to major cities in the north of England in what transport secretary Justine Greening described as “the largest transport infrastructure investment in the UK for a generation”.
E.ON forges low carbon alliance with Birmingham universities
Energy giant E.ON has announced a major new partnership with two Birmingham Universities designed to accelerate the development of clean energy technologies.
Baillieu hides carbon tax documents
THE Baillieu government has been accused of using ”laughable” excuses to block the release of economic modelling it used to attack the Gillard government’s carbon tax.
Palau enters race against climate change
Palau has entered the global campaign to tackle climate change by covering its airport carpark in solar roof panels to reduce the facility’s carbon footprint.
Brown snubs PM over forestry dispute
Greens leader Bob Brown has called off his routine meetings with Prime Minister Julia Gillard in a stand-off over her handling of Tasmania’s forest peace deal.