Quote of the Day
“I really do believe that a common international framework around all these things must be the aim to bring us the scale and the urgency we need. Not that I don’t believe in the market, but it matters whether you have common rules or not.”
Connie Hedegaard, E.U. commissioner for climate action, in The New York Times’ “Davos 2012: Signs of New Life as U.N. Searches for a Climate Accord”
Guangdong Carbon Program to Be China’s Largest, New Energy Says
A program to curb the increase of greenhouse gas emissions in China’s Guangdong province will probably be the largest of the nation’s seven test climate- protection systems, according to Bloomberg New Energy Finance.
Pilot Carbon Emissions Trading System Readied in PRC
ADB Press Release
The Asian Development Bank (ADB) will help the People’s Republic of China (PRC) set up a pilot provincial emissions trading system that could pave the way for a national scheme and lower greenhouse gas emissions in the country.
Signs of New Life as U.N. Searches for a Climate Accord
The New York Times
Critics and supporters alike agree that the U.N. forum for negotiating international climate change policies is an ungainly mess, its annual gatherings marked by discord, disarray and brinkmanship.
Denmark to Stimulate Discussion on EU 2030 Climate Goal in March
Denmark, which holds the European Union rotating presidency, seeks to stimulate a debate on future greenhouse-gas reduction goals in March to prevent further declines in carbon prices after they dropped to a four-year low.
Is The Booming Natural Gas Industry Overproducing?
Obama Backs Natural-Gas Fracking to Add 600,000 Jobs, Vows Safe Drilling
President Barack Obama pushed drilling for gas in shale rock and support for cleaner energy sources to boost the economy in his final State of the Union address before facing U.S. voters in November.
US: ‘Serious’ Questions On Pipeline Bill
A Republican bill that would strip President Barack Obama of his authority to decide on a Canada-to-Texas oil pipeline raises serious legal questions, the State Department said Wednesday in objecting to the bill.
Opinion: A brighter energy future?
Robert J. Samuelsohn – Washington Post
A week after President Obama denied the application for the Keystone XL pipeline — which would carry oil from Canada’s tar sands deposits in Alberta to U.S. refineries along the Gulf of Mexico — it’s time for an energy reality check. What does the future hold? It may be better than you think. That’s one message from the U.S. Energy Information Administration’s latest “Annual Energy Outlook,” which projects the supply and demand for fuels through 2035.
Updated: The State of the Union, With the Future in Mind
The New York Times Dot Earth blog
It would be impossible to talk about a durable path for the country without talking about pursuing educational excellence, nurturing a culture of innovation and collaboration and building an energy menu that can foster progress through this century without overloading the atmosphere with greenhouse gases. That means mentioning the “C word” (which didn’t make it into last year’s address).
Obama wants a “clean energy standard.” What does that mean?
Ezra Klein Wonkblog in Washington Post
In his State of the Union address, President Obama noted that a climate bill can’t pass Congress: “The differences in this chamber may be too deep right now.” But he did ask lawmakers for “a clean energy standard that creates a market for innovation.” Is that a close substitute? And could it pass?
Fracking complicates the climate debate: John Kemp
Hydraulic fracturing and horizontal drilling have laid to rest concerns about peaking oil and gas supplies for a generation, but they have also made the search for comprehensive policies to restrain greenhouse gas emissions more urgent.
N2EX welcomes Drax Power Limited
N2EX, the UK power market offering, operated by NASDAQ OMX Commodities and Nord Pool Spot, has welcomed its 35th member – major electricity generator Drax Power Limited. Drax, which currently generates 7% of the UK’s electricity, is the most recent of the country’s key power generators to join the N2EX market.
Wind Energy Subsidy May Be Renewed After U.S. Election, Adviser Says
The U.S. probably will extend incentives for the wind energy industry regardless of whether President Barack Obama or the Republicans win the election in November, a former adviser to the Senate Finance Committee said.
Ceres Plans to Raise as Much as $132 Million in IPO Next Month
Ceres Inc., a U.S. seed maker, plans to raise as much as $132 million in an initial public offering to expand output of genetically modified crops used in the production of biofuels.
ClearEdge Power lands world’s largest utility fuel cell deal
**This trumps the Bloom Energy deal in Delaware and Baltimore, combined.
AEP SWEPCO Signs Wind Power Purchase Agreements for 359 Megawatts
California tries new court to move ahead on Low Carbon Fuel Standard
The California Air Resources Board has shifted to a new court in an attempt to win a stay of a decision halting its Low Carbon Fuel Standard, after being denied its motion by a judge Monday, a CARB spokesman said Tuesday.
Editorial: Jennifer M. Granholm: Former Michigan governor supports clean air standards
This month, federal agencies held three public hearings around the country, including one in San Francisco this week, on a proposed rule to increase corporate fuel efficiency (CAFÉ) standards to 54.5 miles per gallon by 2025. When finalized in the summer, this strong national standard will save families in California and across the country thousands of dollars at the pump over a vehicle’s lifetime, reduce U.S. dependence on foreign oil and help to significantly reduce harmful carbon emissions. The standard will strengthen our nation’s security and empower American businesses and workers to compete in the 21st century.
Stockton: center of clean technology?
Central Valley Business Journal
Quietly, without many of its citizens perhaps noticing, the Central Valley city of Stockton is becoming a hub for clean technology, says Jared Blumenfeld, regional administrator of the U.S. Environmental Protection Agency.
TransCanada, developer of controversial pipeline, boosts lobbying spending
**JK – Is that all they spent? No wonder it didn’t pass. DC favors are expensive boys.
CORE BioFuel Inc. Announces Secured Investment For its “Green Gasoline”
Alpiq’s CO2 trading desk under threat as jobs cut
Carbon trading at Swiss power company Alpiq is at risk of being scaled back after the company announced job cuts in its energy trading business, a company spokesman said Wednesday.
Germany’s Solar Subsidies at Stake as Ministers Clash Over Cuts
Germany’s solar subsidy program, the subject of dispute between two ministers in Chancellor Angela Merkel’s Cabinet, will take shape today as lawmakers debate support for developers in Europe’s biggest renewables market.
RBS to Lend More Than $466 Million to Support ‘Robust’ Renewables
Royal Bank of Scotland Group Plc said its loans to U.K. renewable-energy projects in 2012 will probably top last year’s 300 million pounds ($466 million) on expectation the industry will withstand slower economic growth.
Greece auctions 1 mln EUAs at 7.27 euros each
Greece sold 1 million EU Allowances for 7.27 euros each on Wednesday in the latest emissions permit auction held by the financially troubled country.
Ukraine reveals Japanese buyers of its AAUs
A Ukrainian government report on Wednesday named six Japanese trading companies it sold 14 million Kyoto emission permits to in 2009, the first time the buyers have been identified.
**repeats in Asia
Green groups query ‘drill now, pay later’ scheme
TAX breaks to fossil fuel companies should be scrapped and the money put towards ocean protection, environmentalists have said, warning that a boom in offshore gas and oil investment will put pressure on Australia’s marine environment.
Carbon tax warning from heavyweight lobby group
Is Brazil Backsliding on Deforestation?
Alexei Barrionuovo reports on growing signs that the Brazilian government may be softening its stand against deforestation, including a provisional measure that allows the president to reduce the amount of land set aside for conservation and proposed legislation to change the forest code.