Quote of the Day

“The German energy transformation is as challenging as the first moon landing. It’s a huge challenge we’ll be able to master only if everyone works together.”

Peter Terium, who in July takes over as chief executive officer of RWE, Germany’s second-largest utility, in Bloomberg’s “Germany’s $263 Billion Renewables Shift Biggest Since War.”

Lead Stories

EEX to launch new U.N.-backed carbon contracts

Reuters
The European Energy Exchange (EEX) will launch futures on Emission Reduction Units (ERUs) at the end of April, its first offering of credits issued to emission-reduction projects in industrialised countries under the Kyoto Protocol.
http://jlne.ws/GzwDbq

**JK – EEX’s Peter Reitz makes his move.

Exchange Council Meeting: EEX establishes Position for itself for the Third EU ETS Trading Period – Introduction of new emission trading products – Simplification of exchange trader training – Discussion on REMIT requirements for the trading participants
EEX Press Release
At its meeting in Lucerne on 14 March which was chaired by Dr. Günther Rabensteiner, the Exchange Council of the European Energy Exchange (EEX) discussed EEX’s plans for the further development of trading in emission allowances. Upon the transition from the second to the third trading phase, the EU Emissions Trading System (EU ETS) will be extended to other industries, such as the aviation sector, on the one hand and, on the other hand, primary market auctions will significantly gain in importance as an allocation method.
http://jlne.ws/GzCwEB

Korea Set to Try Again on Carbon Trading, Climate Head Says

Businessweek
South Korea, the fastest-growing emitter among rich nations, will try again to pass a bill that sets up emissions trading in 2015 and allows lawmakers to work out details later this year, a top climate official said.
http://jlne.ws/GzAbQq

**JK – Korea, Australia, China – now that’d be a market.

Forestry carbon trading in limbo
Business Day
One of the biggest potential influences in forestry’s future is the carbon credit regime.It aims to slow down deforestation by giving foresters credits for their trees and demanding credits back if they harvest without replanting.
http://jlne.ws/GzG0Yy

Australia fails carbon test
National Times
AUSTRALIA’S economy is less equipped to deal with a low carbon emissions world than it was nearly two decades ago, an international study has found.
http://jlne.ws/GzDfpm

Germany’s $263 Billion Renewables Shift Biggest Since War
Bloomberg
Chancellor Angela Merkel is planning to build offshore wind farms that will cover an area six times the size of New York City and erect power lines that could stretch from London to Baghdad. The program will cost 200 billion euros ($263 billion), about 8 percent of the country’s gross domestic product in 2011, according to the DIW economic institute in Berlin.
http://jlne.ws/FWlKz5
**JK – What is often tagged as folly here in the US, is a real focus in Germany. Who’d of thought Germany as more entrepreneurial than the US?

N.S. wins right to manage own emissions
The Globe and Mail
The federal government will allow Nova Scotia manage its own emission regulations for coal-fired power plants, with an exemption from federal rules that will serve as a precedent as Ottawa moves to impose new greenhouse gas targets on the energy sector.
http://jlne.ws/Gzu35g
**repeats in Canada

NM regulators scrap carbon emissions rules
WTW
New Mexico regulators pulled the plug Friday on the state’s effort to reduce greenhouse gas emissions among coal-fired power plants, refineries and other large polluters.
http://jlne.ws/Gzu7l9

Bloomberg New Energy Finance Picks 10 ’Pioneers’ for 2012

Bloomberg
Bloomberg New Energy Finance recognized 10 companies for developing innovative solar, biofuel, power-storage and electricity-management systems.
http://jlne.ws/Gzvrrz

So Far, Economy Hasn’t Slipped on Oil Prices
Wall Street Journal
Rising oil prices haven’t stalled the U.S. economic recovery. But that doesn’t mean they won’t in the months ahead.
http://jlne.ws/FWK18f

EXCLUSIVE-India to ask airlines to shun EU carbon scheme
Point Carbon
India is poised to ask airlines not to take part in the European Union emissions trading scheme, a senior official said, in what would be an escalation of a row over the EU’s unilateral move to charge for carbon emitted by flights in and out of Europe.
http://jlne.ws/GzsVU0

Alstom Wind Chief Sees Turbine Growth in Brazil, Europe

Bloomberg
Alstom (ALO) SA, the third-largest power- equipment maker, expects higher sales for its wind turbines this year and next, buoyed by growing demand in Brazil and offshore bids in Europe.
http://jlne.ws/Gzt20H

US

Slimmer Majority of Americans Champions Renewables, Poll Finds

The New York Times
The partisan battle over the cause of the increase in gasoline prices has escalated as the average price of a gallon has crept closer to $4, with Republicans accusing President Obama for investing too much in alternative sources of energy at the expense of conventional fuels and Democrats blaming geopolitics and instability around the Persian Gulf.
http://jlne.ws/Gzqqz3

THE SURVEY

Pew Research Center
http://jlne.ws/GzvqUj

Williams Partners to Buy Caiman Energy Unit for $2.5 Billion
WSJ
Williams Partners LP said it has struck a $2.5 billion deal with Caiman Energy that will give it a foothold in the Marcellus Shale formation, a boom area in the U.S. for natural-gas production.
http://jlne.ws/FQ73m7

Chu, Issa face off over energy loans
The Hill’s E2 Wire
Energy Secretary Steven Chu will be back on Capitol Hill Tuesday for the latest in a series of hearings on the department’s embattled loan programs.
http://jlne.ws/GzqzP8

Democrat Says Issa Hasn’t Shown ‘ Scandal’ in Energy Loans

Bloomberg
Republicans in Congress failed to show evidence after reviewing more than 300,000 pages of documents that an Energy Department loan program was driven by political favoritism, a Democrat on the House Oversight Committee said.
http://jlne.ws/GzsZnM

U.S. Wind-Energy Incentives Should Be Extended, BP’s Landis Says
Bloomberg
The U.S. tax credit for wind power, due to end Dec. 31, should be extended to spur new projects, BP Plc (BP/)’s BP Alternative Energy Chief Executive Officer Katrina Landis.
http://jlne.ws/Gzx0Z3

NJ legislators look to pass bill to enter green initiative

Daily Targum
New Jersey Democratic lawmakers announced last Thursday their revived attempt to pass a bill that would re-enter the state into the Regional Greenhouse Gas Initiative.
http://jlne.ws/GztX10

Canada

N.S. wins right to manage own emissions
The Globe and Mail
The federal government will allow Nova Scotia manage its own emission regulations for coal-fired power plants, with an exemption from federal rules that will serve as a precedent as Ottawa moves to impose new greenhouse gas targets on the energy sector.
http://jlne.ws/Gzu35g
**repeats in Leads

N.S., Ottawa work on greenhouse gas regulations

CBC News
Nova Scotia is the first province being offered an equivalency agreement from the federal government, where provincial greenhouse gas reduction regulations will supercede federal ones.
http://jlne.ws/GzwntC

Thailand energy giant seeks Western Canada gas asset as Harper returns to Asia

Canadian Press
Add one more Asian suitor to Western Canada’s resource-rich energy sector: Thailand wants to buy a major natural gas asset there.
http://jlne.ws/GzowRq
**repeats in Asia

Mulcair’s oilsands policy could embitter national unity, analyst warns

Ottawa Citizen
Thomas Mulcair, the New Democratic Party leadership candidate most likely to assume the prime-minister-in-waiting mantle after next Saturday’s final balloting, has issued some soothing words about his plans for the oilsands.
http://jlne.ws/Gzv8NB

BENTEK: Canadian Oil Prices Will Experience Deeper Discounts to WTI over the Next Five Years
Press Release
BENTEK Energy, a leading energy markets information and analytics company, reports that the health of Canada’s oil market will largely depend on transportation capacity to the U.S. over the next few years. While Canadian oil supply is expected to grow 31% through 2016, demand from Canadian refineries is expected to remain relatively flat. As a result, almost all incremental supply will be transported to the U.S. for refining. Currently, five of the six major pipeline systems that move crude across the Canadian-U.S. border are full or constrained by downstream markets and export pipeline capacity will be limited until new pipeline expansions come online starting mid-year 2015. Until then, average annual crude prices for WCS could fall to as much as $27 below the WTI benchmark. Light Syncrude prices also will face extreme pressure.
http://jlne.ws/GzwV3g

Europe

Japan’s Marubeni to Buy U.K. Wind-Farm Firm
Wall Street Journal
Marubeni Corp. 8002.TO +2.40% said Monday it will buy a U.K. offshore-wind-farm installation company, Seajacks International Ltd., together with a Japanese government-backed investment fund.
http://jlne.ws/Gzph9y
**repeats in Asia

Cameron hails private investors as solution to UK’s infrastructure “failures”‘

Business Green
In move that will have major implications for the UK’s green economy, David Cameron has today revealed ambitious plans to reinvigorate the country’s faltering infrastructure through a major private sector-led investment programme in the country’s energy, road and rail networks.
http://jlne.ws/Gzsnh5

All our hopes are pinned on the miracle pill that is CCS
Business Green blog
For a while now I’ve been searching for the best analogy for summing up the startling extent to which the UK’s low carbon strategy rests on as yet untested carbon capture and storage (CCS) technologies. And finally I think I’ve found it, CCS is like those miracle pills that periodically get reported on the front page of the Daily Mail or the Express.
http://jlne.ws/Gzvx3z

Government accused of jeopardising carbon targets with new dash for gas

Business Green
Only two per cent of people believe the government is living up to its pledge to be the “greenest ever”, according to a major new poll released to coincide with a series of government announcements that green groups fear could result in one of the worst weeks for the environment in recent history.
http://jlne.ws/GzruDU

Tauron sees CO2 output rise 2.2 pct in 2011
Point Carbon
Poland’s second largest power generator, Tauron Polska Energia, emitted 2.2 percent more carbon dioxide (CO2) in 2011 year-on-year, the utility’s annual report shows, suggesting the company may need to purchase more emission permits.
http://jlne.ws/GztdZe

Suzlon, Volkswind Venture Plans 74 Wind Turbines in Bulgaria

Bloomberg
DIV Wind OOD, co-owned by India’s Suzlon Wind Energy Ltd. (SUEL) and Volkswind GmbH, is planning to build about 74 wind turbines in Bulgaria.
http://jlne.ws/Gzy5iF

Tory patriotism fuels wind energy ad campaign
Guardian
England expects every Tory to do their duty and support British wind power. That is the unmistakeable message of a new advertising campaign with a union flag and wind turbine appearing in the right-of-centre Spectator magazine this Thursday.
http://jlne.ws/GzyEtw

Budget to support North Sea exploration
Financial Times
The Treasury is set to offer concessions to oil and gas companies in next week’s Budget aimed at reversing a collapse in exploration activity in the North Sea and encouraging new companies to invest in extending the lives of depleted oil fields.
http://jlne.ws/GzyP7f

Asia

Thailand energy giant seeks Western Canada gas asset as Harper returns to Asia
Canadian Press
Add one more Asian suitor to Western Canada’s resource-rich energy sector: Thailand wants to buy a major natural gas asset there.
http://jlne.ws/GzowRq
**repeats in Canada

Japan’s Marubeni to Buy U.K. Wind-Farm Firm
Wall Street Journal
Marubeni Corp. 8002.TO +2.40% said Monday it will buy a U.K. offshore-wind-farm installation company, Seajacks International Ltd., together with a Japanese government-backed investment fund.
http://jlne.ws/Gzph9y
**repeats in Europe

Cabinet member criticises land conflict proposal

The Age
THE O’Farrell government’s draft policy for resolving land use conflicts in NSW has been criticised by a member of its own cabinet, who says it is ”underdone” in parts and does not balance mining and agricultural interests.
http://jlne.ws/GzxAAc

Slipper steps in on tax with rare deciding vote
The Age
The Speaker of the House of Representatives, Peter Slipper, has taken the unusual step of using his casting vote to save the government from an embarrassing defeat on the floor of the Parliament after a senior minister failed to show for a vote related to the carbon tax.
http://jlne.ws/Gzzbc6

Baillieu set to boost brown coal
The Age
THE Baillieu government is preparing a campaign to promote development of Victoria’s brown coal reserves, as it confirms plans to open up new coal allocations for industry.
http://jlne.ws/GzrpCi

India Ministry Said to Seek Extension of Wind Farm Tax Break
Bloomberg
India’s renewable energy ministry is seeking to extend a tax break for wind farms in the world’s third-largest market for turbines, said two government officials with direct knowledge of the matter.
http://jlne.ws/GzxfDj

Huaneng Renewables Misses Estimates as Wind Growth Slows
Bloomberg
Huaneng Renewables Corp. (958), a clean- energy unit of China’s biggest electricity producer, reported net income that missed estimates as the growth of the nation’s wind-power installation slowed.
http://jlne.ws/Gzt6xP

Latin America

Brazil tops regional low-carbon investment index
Point Carbon
Brazil, Nicaragua and Panama are the best positioned countries in Latin America and the Caribbean to attract capital for low-carbon energy, according to a new index assessing the investment climate in the region.
http://jlne.ws/GzsASl

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