“We estimate the Green Deal will catalyse14bn sterling of investment over the next decade, supporting at least 65,000 insulation and construction jobs by 2015.”

Greg Barker, U.K. climate change minister, writing in Business Green.

Lead Stories

COLUMN-Is the rout in green markets over?-Gerard Wynn
Reuters
Green investing a loser’s bet? Investors have had to navigate treacherous shoals to hunt a few niche environmental winners, but there are glimmers of clean technology opportunities among the wreckage.
http://jlne.ws/xMQSoC

EU, UN Carbon Prices Could Fall ‘Close to Zero,’ SocGen Says

Bloomberg
Societe Generale SA (GLE) said European carbon permits may fall close to zero should regulators fail to set tight enough limits in the market after 2020.
http://jlne.ws/xMqG2A

EU Tells Clinton It Won’t Abandon Carbon Emissions Limits for Airlines
Bloomberg
The European Union won’t abandon its curbs on carbon dioxide discharges by international airlines and sees the program as an incentive toward a global solution, the bloc’s executive told U.S. Secretary of State Hillary Clinton.
http://jlne.ws/xJCsdR

RGGI to sell only 2012 permits, retire unsold allowances

RGGI/Point Carbon
The nine states in the northeast U.S. carbon market will sell 141 million emission allowances for 2012 delivery in four quarterly auctions, and will forego the sale of permits from future compliance years because it is no longer needed for price discovery, the market administrator said Tuesday.
http://jlne.ws/zUseZR

Plan would use volcano for power

AP
Geothermal energy developers plan to pump 24 million gallons of water into the side of a dormant volcano in central Oregon this summer to demonstrate new technology they hope will give a boost to a green energy sector that has yet to live up to its promise.
http://jlne.ws/yslZTJ
**JK – Also from this story: “A 2008 USGS assessment found EGS throughout the West, where hot rocks are closer to the surface than in the East, has the potential to produce half the country’s electricity.”

Greg Barker: Preparing for the Green Deal

Commentary for Business Green
For the Coalition Government, tackling climate change, securing our future energy supplies and making an ambitious transition to a low carbon, high growth economy is an urgent and vital task.
http://jlne.ws/y327j7

Renewable Energy Standards: If It Ain’t Broke, Don’t Fix It
ThinkProgress
When your local utility buys more renewable energy to power your lights and computers, what more do you get besides the power? You get cleaner air, fewer respiratory health problems, and lower health-care costs.
http://jlne.ws/AA0PIz
**JK – Interesting rebuttal of GOP-backed criticisms of RPS.

Electricity Declines 50% as Shale Spurs Natural Gas Glut: Energy

Bloomberg
A shale-driven glut of natural gas has cut electricity prices for the U.S. power industry by 50 percent and reduced investment in costlier sources of energy.
http://jlne.ws/xQVWWE

German Clean Energy Must Face Free Market, Economy Minister Says

Bloomberg
Germany needs to overhaul its subsidy system for renewable energy created in the 1990s to ensure the clean-power industry remains competitive, Economy Minister Philipp Roesler said.
http://jlne.ws/ypfTOa

IEA: Nuclear phase-outs threaten surge in coal emissions

Business Green
Any boost to renewable energy sparked by countries abandoning nuclear power in the wake of the Fukushima disaster is likely to be overshadowed by a massive increase in coal use that could have devastating consequences for the fight against climate change.
http://jlne.ws/AiBJ4D

US

U.S. Geothermal Industry Could be Given a Boost by Congress
Energy Digital
Since the end of 2009, there has been little development in geothermal energy in the U.S. Analysts speculate the reasons for this are most likely the long permitting process and the expensive upfront costs of test drilling. However, the two new bills will likely ease these burdensome factors.
http://jlne.ws/xcDDiV

Joule Gets $70 Million in Funding for New Mexico Biofuel Plant

Bloomberg
Joule Unlimited Inc., a closely held biofuel developer, received $70 million in venture funding to support the start of a test plant in New Mexico this summer.
http://jlne.ws/zqUO3o

The (Solar) Light at the End of the Tunnel
The New York Times
A consultant for the Defense Department reports that introducing solar installations on nine military bases in the Mojave and Colorado Desert could generate 7,000 megawatts of power.
http://jlne.ws/yGh1sr

New study to probe corrosiveness of Canada oil
Reuters
A U.S. safety regulator will look at whether pipelines carrying petroleum from Canada’s oil sands are at greater risk for spills than those carrying other types of crude, and whether any changes are needed to its rules.
http://jlne.ws/yf1Fsi
**repeats in Canada

Canada

New study to probe corrosiveness of Canada oil
Reuters
A U.S. safety regulator will look at whether pipelines carrying petroleum from Canada’s oil sands are at greater risk for spills than those carrying other types of crude, and whether any changes are needed to its rules.
http://jlne.ws/yf1Fsi
**repeats in US

Canadian energy strategy key to Alberta’s future: Redford
Edmonton Journal
Politicians, industry and environmental groups across Canada are bracing for a lengthy battle to define how governments will balance competing demands to exploit national energy resources and protect the environment.
http://jlne.ws/whGesg


Cape Breton’s undersea coal field a vein to energy wealth

Globe and Mail
French explorer Nicholas Deny discovered abundant coal (“a mountain of very good coal four leagues up the river”) on Cape Breton Island in 1672. Within a few years, miners were prying coal from rock outcroppings along the coast with crowbars. Although Cape Breton’s fabled coal mines closed a decade ago, ostensibly forever, the chances are good that the island will soon be back in the coal business – mining a huge and distinctly Canadian energy source: the undersea Sydney coal field.
http://jlne.ws/zedzsA

Europe

RWE May Reconsider Nabucco Pipeline
Wall Street Journal
RWE AG could scrap its plans for the proposed Nabucco pipeline, which aims to transport natural gas from the Caspian region to central Europe via Turkey, the German energy giant’s chief executive said.
http://jlne.ws/Amk6Ra

Germany pledges 10 mln euros to promote new CDM programmes
Point Carbon
Germany has pledged 10 million euros ($12.7 million) to a new foundation run by state-owned KfW Bank designed to help the world’s poorest countries attract investment in emissions-cutting programmes, the country’s environment ministry said Tuesday.
http://jlne.ws/x5Cewy

Asia

Australia’s CO2 from power output falls 1.7 pct in 2011: report

Point Carbon
Carbon dioxide emissions from Australia’s National Electricity Market (NEM) fell 1.7 percent in 2011 as the financial crisis continued to have an impact on overall demand, according to a report from consultancy Reputex.
http://jlne.ws/w5x022


Overlooked oil and gas sector comes to life

Financial Times
Manvendra Singh watched Royal Dutch Shell pack up and leave India. A decade ago, the Indian MP was told by an executive of the oil company, as he closed up his trailer near the arid city of Jaisalmer, that the quality of the oil beneath the Rajasthani desert was good, but there was not enough of it.
http://jlne.ws/A8brMY

SunEdison: to build Japan solar plants at cost of $4.6 bln

Reuters
SunEdison, a unit of U.S.-based MEMC Electronic Materials, said on Tuesday it would build solar power plants in Japan with a total capacity of 1,000 megawatts and that the project is expected to cost around $4.6 billion.
http://jlne.ws/z6QcHi

Masdar, Devt Bank Japan to invest in renewables

Reuters
Abu Dhabi government-owned green energy firm Masdar plans to invest jointly with Development Bank of Japan in solar and wind projects in OECD countries as part of a strategy to diversify the energy mix through renewables.

http://jlne.ws/w7H6jw

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