Quote of the Day

“A cycle ago, there were people who actually believed in solving some of these problems. Now we’re faced with a slate that doesn’t even believe in basic science.”

Navin Nayak of the League of Conservation Voters in Huffington Post’s “Florida Primary 2012 Likely To Shift GOP Candidates’ Focus To Environment.”


Lead Stories

RWE cancels membership with carbon bourse Bluenext
Reuters
RWE, a leading European power generator, has cancelled its membership for carbon trading with Paris-based carbon bourse Bluenext, a sales director at the exchange said on Monday.
http://jlne.ws/z2wzNa

RWE, Europe’s Biggest Emitter, Cancels Membership of BlueNext
Bloomberg
RWE AG, Europe’s biggest emitter of greenhouse gases, canceled its membership of the BlueNext SA spot carbon market, as the region is set to decide this year which exchanges will help sell billions euros of allowances.
http://jlne.ws/yv3vQU
**JK – Big blow to Bluenext.

RWE, Europe’s Biggest Emitter, Cancels Membership of BlueNext
Bloomberg
RWE AG, Europe’s biggest emitter of greenhouse gases, canceled its membership of the BlueNext SA spot carbon market, as the region is set to decide this year which exchanges will help sell billions euros of allowances.
http://jlne.ws/yv3vQU

EU Consultation Marks Start of Process To Regulate Carbon Emissions From Shipping
Bloomberg BNA
The European Union in 2012 will consider proposals on how best to regulate greenhouse gas emissions from international shipping, the European Commission said in a consultation document published Jan. 19.
The proposals, which the Commission will publish before the end of 2012, are likely to mirror the inclusion of international aviation in the European Union’s Emissions Trading System (ETS), under which airlines must surrender carbon allowances for all flights into, out of, or within the European Union.
http://jlne.ws/x6PDcD
**JK – Let’s see if this floats.

EU airline carbon law waivers worth eyeing -envoy
Reuters
Countries opposing a European Union law that charges airlines for carbon emissions should consider seeking waivers by adopting equivalent emission reduction measures, the EU’s new envoy to India said on Monday.
http://jlne.ws/xzNaJL

Obama to Spotlight Energy

Wall Street Journal
President Barack Obama will use his State of the Union speech on Tuesday to call for an increase in domestic energy production and may set a target for natural gas production, said people familiar with the plans.
http://jlne.ws/yRInZt

Tom Steyer and John Podesta: We Don’t Need More Foreign Oil and Gas
WSJ.com
After a four-decade decline in oil production, the U.S. is now producing more than half of our oil domestically. This can free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper natural gas reserves. Natural gas now costs the equivalent of less than $15 per barrel, versus the $100-plus barrels we import from the Middle East.
http://jlne.ws/x2NvMa

Why the Clean Tech Boom Went Bust
Wired Magazine
John Doerr was crying. The billionaire venture capitalist had come to the end of his now-famous March 8, 2007, TED talk on climate change and renewable energy, and his emotions were getting the better of him. Doerr had begun by describing how his teenage daughter told him that it was up to his generation to fix global warming, since they had caused it. After detailing how the public and private sectors had so far failed at this, Doerr, who made his fortune investing early in companies that became some of Silicon Valley’s biggest names—Netscape, Amazon.com, and Google, among others—exhorted the audience and his peers (largely one and the same) to band together and transform the nation’s energy supply. “I really, really hope we multiply all of our energy, all of our talent, and all of our influence to solve this problem,” he said, falling silent as he fought back tears. “Because if we do, I can look forward to the conversation I’m going to have with my daughter in 20 years.”
http://jlne.ws/ykmM2D
**JK – Also from this story: “Because natural gas has gotten so cheap, there is no longer a financial incentive to go with renewables.”

Donald G. Rynne: Putting Cap and Trade Back Into Play
Huffington Post
Cap and trade has always made sense as a practical market-driven solution for reducing carbon emissions. And it makes more sense than ever now that new technologies are on the way that will make it easier and more affordable to limit this major cause of climate change.
http://jlne.ws/zB1isc
**JK- When is the last time you saw an Op/Ed like this?

GreenX Introduces Spread Trading for California Carbon Allowance Futures
Press release
Effective Sunday, February 12, 2012 for trade date Monday, February 13, 2012, GreenX will introduce calendar spread functionality for trading in California Carbon Allowance Futures. Spread functionality will be available on CME Globex® and through CME ClearPort®.
**No link

Wind Power Without the Blades
Discovery News
New York design firm Atelier DNA has an alternative concept that ditches blades in favor of stalks. Resembling thin cattails, the Windstalks generate electricity when the wind sets them waving. The designers came up with the idea for the planned city Masdar, a 2.3-square-mile, automobile-free area being built outside of Abu Dhabi. Atelier DNA’s “Windstalk”project came in second in the Land Art Generator competition a contest sponsored by Madsar to identify the best work of art that generates renewable energy from a pool of international submissions.
http://jlne.ws/xKNI5R
**JK – Cool idea of the day

LanzaTech turns industrial waste into fuel, raises $55M
VentureBeat
LanzaTech, a biofuel company that turns waste gasses into fuel, announced Monday that is has secured $55.8 million in its third round of funding.
http://jlne.ws/zTvvxl

Can Big Oil Repeat Its Big Year?
Wall Street Journal
Even today, $1.67 trillion is a lot of money. That is the amount wiped off the combined market capitalization of the top 50 energy companies between the end of 2007 and the end of 2011. Breaking it down offers big clues on Big Oil’s prospects for 2012.
http://jlne.ws/zMss5T

The carbon bubble will burst – we must be prepared this time
Business Green blog
This is really important. No matter where you stand in the green debate, the threat posed by the systemic over valuation of carbon intensive firms and assets is a critical issue that should concern you – really, really concern you.
http://jlne.ws/xFIJyV

US

Florida Primary 2012 Likely To Shift GOP Candidates’ Focus To Environment
Huffington Post
Four years after the GOP’s rallying cry became “drill, baby, drill,” environmental issues have barely registered a blip in this Republican presidential primary.
That’s likely to change as the race turns to Florida.
http://jlne.ws/AlcBYf

Poet and DSM Create Joint Venture for Cellulosic Ethanol
Bloomberg
Poet LLC, the largest U.S. corn- based ethanol producer by installed capacity, established a joint venture with Royal DSM NV (DSM) to produce cellulosic ethanol and license the technology to other plants in the U.S. and globally.
http://jlne.ws/xypmV4

GE Courts Turbine Customers for Solar Panels Before Wind ‘Crash’

Bloomberg
General Electric Co. (GE) is trying to convince developers that have bought its wind turbines to double down on clean energy by purchasing its solar panels as well, said Vic Abate, who runs the company’s renewables unit.
http://jlne.ws/xVC3eJ

US health experts dismiss “Wind Turbine Syndrome”
Business Green
A new study by American health and engineering experts has found no evidence that wind turbines can directly cause a set of physical and psychological symptoms dubbed “wind turbine syndrome” by some wind farm critics.
http://jlne.ws/wMLlvH

Canada

Climate Change and Emissions Management (CCEMC) Corporation Releases Annual Report
MarketWatch
The Climate Change and Emissions Management (CCEMC) Corporation has released its 2009-2010 annual report which details 27 clean technology projects that the organization is supporting as part of efforts to reduce greenhouse gas emissions in Alberta.
http://jlne.ws/Ay99Ok

Canadian tar sands: Is our neighbor to the north becoming a jingoistic petro-state?

Slate Magazine
It’s well known that America’s dependence on foreign oil forces us to partner with some pretty unsavory regimes. Take, for instance, the country that provides by far the largest share of our petroleum imports.


Europe


Ceres Power Surges After Improvements to Fuel Cell Technology

Bloomberg
Ceres Power Holdings Plc (CWR) rose the most in two months after it announced improvements to its technology for developing fuel cells.
http://jlne.ws/zBUkOG

Monti Leaves Room for More on Eni

Wall Street Journal
Rome wasn’t built in a day, and nor will Mario Monti’s economic-growth package solve Italy’s economic problems immediately. Still, amid the Italian prime minister’s measures is a plan to loosen oil major Eni‘s grip on gas distributor Snam, of which it owns just over 50%. If implemented, that might help spur competition in Italy’s energy markets and help raise Eni’s value. But Mr. Monti has left a thornier question—what to do with the government’s 30% stake in Eni itself—for another day.
http://jlne.ws/yVSQti

First UK marine energy park sets sail in the South West

Business Green
A huge area running from Bristol to Cornwall and the Isles of Scilly will today be named as the UK’s first designated zone for the development of marine energy.
http://jlne.ws/yH2fA3

Italy’s thermal power output falls 1.6 pct in 2011

Point Carbon
Italy’s power plants using carbon-emitting fuels produced 217.4 TWh electricity last year, down 3.6 TWh from 2010, according to data from power network operator Terna.
http://jlne.ws/xUZkFB

Spain’s industrial EUA surplus swells in 2011
Point Carbon
Spanish cement producers, oil refiners and steelmakers saw their surplus of EU carbon permits rise at least 20 percent in 2011 as a continued lack of demand forced them to curb production, industry data shows.
http://jlne.ws/zsAe0B

Asia

Analysis: Australian LNG boom fizzles as costs, competition bite

Reuters
Just a few years after it started, Australia’s liquefied natural gas bonanza may be drawing to a close, throttled by swelling costs, tightening credit and mounting foreign competition to supply Asian buyers.

http://jlne.ws/xRhCCK

Latin America


Mainstream Negotiating Second Chile Turbine Sale From Goldwind

Bloomberg
Mainstream Renewable Power Ltd., an Irish developer, may use turbines from Xinjiang Goldwind Science & Technology Co. (2208) at a 240-megawatt wind farm it’s building in northern Chile, its second project in the country to use equipment from the Chinese supplier.
http://jlne.ws/yOLeTD

Brazil Picks New Petrobras CEO

Wall Street Journal
Brazil’s government named Maria das Graças Silva Foster to become chief executive of state oil company Petroleo Brasileiro SA, succeeding José Sergio Gabrielli.
http://jlne.ws/yb0l6U

Other

Weaker sun will not delay global warming: study

Reuters
A weaker sun over the next 90 years is not likely to significantly delay a rise in global temperature caused by greenhouse gases, a report said Monday.
http://jlne.ws/xrpXHw

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