Quote of the Day

“[The draft] is a good start. Most topics are on the table: from efficient international co-operation to sustainable development goals, from a regular review of the state of the planet to an agency for the environment, from universal access to energy to social safety floors. What is missing now is one verb: to decide. Because to stress, urge, call, recognise, underscore, encourage, support or reaffirm is not enough. When heads of state meet, it should be to decide.”

Brice Lalonde, the UN’s executive co-ordinator of the conference and former French environment minister, in The Guardian’s “Decisions must be made at Rio Earth summit, urges UN official”

Lead Stories

GreenX 2011 Year in Review
Press Release
Volumes across all markets on GreenX grew 332% year-on-year with a total of 451,765 contracts – equivalent to over 450 million tonnes of CO2 traded.1 Looking at EUA futures solely, volumes grew 688% compared to 2010. Average daily volume for the year rose to 1,786 futures and options contracts. The strongest quarter was Q2 while the most liquid months were (in order) June, March and July “
http://jlne.ws/AC0Kev
**JK – Congrats to Tom Lewis on a nice 2011, given the market conditions.

Analysts: US carbon trading “to reach $782m” in 2012
Business Green
Analysts expect the volume of carbon trading in the US to double this year in line with the emergence of a new market across the five states and Canadian provinces that make up the Western Climate Initiative (WCI).
http://jlne.ws/xutTrF

EU to Open Tender for Temporary CO2 Platform This or Next Month

Bloomberg
The European Union plans this or next month to open a tender for a transitional platform to carry out sales of carbon allowances for airlines and early auctions of post-2012 permits for manufacturers and power plants.
http://jlne.ws/wuAcFh

German, French exchange-traded spot power volumes rise 12.5% in 2011
Platts News
PAVING THE WAY FOR A SINGLE EUROPEAN POWER MARKET EPEX SPOT said the joint venture with Nord Pool Spot and further planned market coupling services in the CEE region will pave the way for a single European power market. “
http://jlne.ws/xeKQx1

Cleared Carbon Volumes Surged on ICE as EIB May Have Begun Sales

Bloomberg
The volume of carbon contracts cleared on the ICE Futures Europe exchange more than doubled in the period since Dec. 1 as the European Investment Bank may have started selling 2013 contracts for the first time.
http://jlne.ws/zoVOWd

Cnooc Starts Its First Shale-Gas Project, in Eastern China
Bloomberg
Cnooc Ltd. (883), China’s biggest offshore energy producer, started drilling at its first domestic shale- gas project, joining rivals including China Petroleum & Chemical Corp. (600028) in the search for unconventional natural gas.
http://jlne.ws/zWcBay

Super Fracking Goes Deeper to Pump Up Natural Gas Production

Bloomberg
As regulators and environmentalists study whether hydraulic fracturing can damage the environment, industry scientists are studying ways to create longer, deeper cracks in the earth to release more oil and natural gas.
http://jlne.ws/wg6Rzk

Shell CEO Says the Potential for Shale Gas in Europe Is Limited

Bloomberg
Royal Dutch Shell Plc (RDSA) chief Peter Voser said the potential for shale gas development in Europe is limited by the region’s regulations and its dense population.
http://jlne.ws/ylGPwU

Leaked document reveals Rio+20 sustainable development goals
Business Green
Countries will be asked this summer to sign up for 10 new sustainable development goals for the planet and promise to build green economies at the first earth summit in 20 years.
http://jlne.ws/wOoHmy
**RKB – John Major, Fidel Castro and George H W Bush were among the leaders who attended the original earth summit.

Decisions must be made at Rio Earth summit, urges UN official

Guardian
The Earth summit in June must be the place where decisions on the future of the planet are made, and not just another talking shop for world leaders, the head of what will be 2012’s largest political conference has urged.
http://jlne.ws/A05Rz4

US

The Nation’s Greenhouse Gas Culprits
The New York Times
The Environmental Protection Agency releases an interactive online tool for identifying major sources of greenhouse gas emissions in the United States. The database and map allow residents and governments to learn about the biggest polluters in their neighborhoods and get the broad picture as well. [Environmental Protection Agency]
http://jlne.ws/wTgenX

Republicans hope for “yes” on Keystone, prepare for “no”

Reuters
Congressional Republicans who are urging President Barack Obama to approve the Canada-to-Texas Keystone XL oil pipeline have signaled they will not give up on the issue if the White House says no.
http://jlne.ws/yeDiIg
**repeats in Canada

Oil sands pipeline battle turns ugly

Guardian
Canada let loose an extraordinary rant against opponents of a controversial project to pump tar sands crude to Pacific Coast ports on Monday, accusing campaigners of colluding with foreign “radicals” and “jet-setting celebrities” to hijack the government.
http://jlne.ws/xvKaF8
**repeats in Canada

Canada

Republicans hope for “yes” on Keystone, prepare for “no”
Reuters
Congressional Republicans who are urging President Barack Obama to approve the Canada-to-Texas Keystone XL oil pipeline have signaled they will not give up on the issue if the White House says no.
http://jlne.ws/yeDiIg
**repeats in US

Oil sands pipeline battle turns ugly

Guardian
Canada let loose an extraordinary rant against opponents of a controversial project to pump tar sands crude to Pacific Coast ports on Monday, accusing campaigners of colluding with foreign “radicals” and “jet-setting celebrities” to hijack the government.
http://jlne.ws/xvKaF8
**repeats in US

Europe

Vestas Restructuring May Cut Jobs While Keeping Engel as CEO
Bloomberg
Vestas Wind Systems A/S (VWS) tomorrow plans to announce organizational changes that may cut thousands of jobs at the world’s biggest wind turbine maker while preserving the position of Chief Executive Officer Ditlev Engel.
http://jlne.ws/zMzHPw

Iberdrola Bids for French Wind Projects With Areva, Technip

Bloomberg
Iberdrola SA (IBE), Spain’s biggest power company, submitted two bids with partners Areva SA and Technip SA to build wind projects off France, seeking to expand its 10,000 megawatts of global offshore capacity.
http://jlne.ws/xMdQlQ

E.ON Sets South American Push
Wall Street Journal
E.ON AG agreed to acquire a minority stake in Brazilian power company MPX Energia SA, in a deal that will have the companies invest billions of dollars in new South American power plants.
http://jlne.ws/AgwNNX
**repeats in Latin America

Asia

Suzlon Awarded Order for 24 Megawatt Brazil Wind-Energy Project
Bloomberg
Suzlon Energy Ltd. (SUEL), India’s biggest wind-turbine maker, will sell power equipment to Brazilian developer Servtec Group and investment fund manager Rio Bravo Investimentos SA for a project in the northeastern state of Ceara.
http://jlne.ws/vZRUvG
**repeats in Latin America

Brown sees red over forest deal dispute

The Age
THE Greens leader Bob Brown has accused Labor of failing to protect sensitive Tasmanian forests and cancelled catch-ups with the Prime Minister, Julia Gillard, held under a deal to prop up the minority government.
http://jlne.ws/wP2uPX

Price Reform Fails to Ignite China’s Gas Imports
The Wall Street Journal
China wants natural gas to play a major part in meeting energy demand. But from the current direction of policy, you wouldn’t know it. The 12th five-year plan sets a target for 8% of China’s energy to come from natural gas by 2015, up from 4% in 2010. Getting there will require significant reforms, not least to the pricing mechanism.
http://jlne.ws/w2TUcS


Latin America

BNDES to Lend $2.2 Billion for Brazil Sugar-Cane Plantations
Bloomberg
Banco Nacional de Desenvolvimento Economico e Social, Brazil’s national development bank, will lend sugar-cane mills as much as 4 billion reais ($2.2 billion) to plant more crops as ethanol supplies dwindle.
http://jlne.ws/wqKKLl

Suzlon Awarded Order for 24 Megawatt Brazil Wind-Energy Project
Bloomberg
Suzlon Energy Ltd. (SUEL), India’s biggest wind-turbine maker, will sell power equipment to Brazilian developer Servtec Group and investment fund manager Rio Bravo Investimentos SA for a project in the northeastern state of Ceara.
http://jlne.ws/vZRUvG
**repeats in Asia

E.ON Sets South American Push
Wall Street Journal
E.ON AG agreed to acquire a minority stake in Brazilian power company MPX Energia SA, in a deal that will have the companies invest billions of dollars in new South American power plants.
http://jlne.ws/AgwNNX
**repeats in Europe

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