Quote of the Day

“Today we’re taking a common-sense step to reduce pollution in our air, protect the planet for our children, and move us into a new era of American energy. Right now there are no limits to the amount of carbon pollution that future power plants will be able to put into our skies – and the health and economic threats of a changing climate continue to grow.”

EPA Administrator Lisa P. Jackson in the Washington Post’s article “EPA to impose first greenhouse gas limits on power plants.”
Link
Lead Stories

EPA to impose first greenhouse gas limits on power plants
The Washington Post – Juliet Eilperin
The Environmental Protection Agency issued the first limits on greenhouse gas emissions from new power plants Tuesday, a move which could end the construction of conventional coal-fired facilities in the United States.
http://jlne.ws/HbEUDE

Government proposes first carbon limits on power plants
Reuters
The Obama administration proposed on Tuesday the first rules to cut carbon dioxide emissions from new U.S. power plants, a move hotly contested by Republicans and industry in an election year.
http://jlne.ws/GW5mFn

EPA seeks strict limits on coal plants
Financial Times
New controls on carbon dioxide emitted by power stations proposed by the US Environmental Protection Agency would ban the construction of new coal-fired plants lacking costly special equipment.
http://jlne.ws/Hi1sCR

EPA chief Jackson: ‘No plans’ to issue climate rules for existing power plants
The Hill’s E2 Wire
Environmental Protection Agency Administrator Lisa Jackson said Tuesday that she has no plans to pursue regulations that would curb greenhouse gas emissions from existing power plants.
http://jlne.ws/GYAId1

U.N. expects first GCF meeting in April, awaits nominations
Point Carbon
The first meeting of the U.N.-backed Green Climate Fund (GCF), which will help to raise $100 billion per year in finance, is expected to take place in April, an official from the fund said on Monday, despite only one board member out of 24 required being nominated ahead of Saturday’s deadline.
http://jlne.ws/HbL20W

Green Climate Fund Demands Diplomatic Immunity

The New American
If the Green Climate Fund (GCF) has its way, its actions will — like those of the United Nations — soon be considered to be above the laws of the nations of the world. While critics question the wisdom of investing any governmental body with such a lack of accountability, these criticisms take on a new urgency when one considers the fact that the GCF is not even a part of the UN.
http://jlne.ws/Hbab82

Set-aside could send EU CO2 to 20 eur/t-Pt Carbon
Point Carbon/Reuters
European Union carbon prices languishing at 7 euros a tonne could rise to an average of 20 euros ($26.65) between 2013 and 2020 if the EU agrees to remove 1.4 billion carbon permits to ease oversupply, Thomson Reuters Point Carbon analysts said.
http://jlne.ws/GWkB2c

No quick fix for setting minimum CO2 price: Commission
Point Carbon
The European Commission would not be able to deploy a minimum price for carbon allowances as part of fast-track changes to existing EU law, an official said Monday, dampening prospects for price intervention in the world’s biggest carbon market.
http://jlne.ws/GTX4t3

Regional emissions trading systems boost carbon price concept

Environmental Finance
The global carbon markets have been held back by a lack of political ambition, but the future of carbon pricing is “very strong” as regional markets are developing across the world, said Abyd Karmali, global head of carbon markets at Bank of America Merrill Lynch.
http://jlne.ws/GYxjuL

French bank sees EU’s CO2 emissions flat in 2011

Reuters
Carbon dioxide (CO2) emissions in the European Union from firms operating under its emissions trading scheme (ETS) should have been stable in 2011, the head of research at state-owned bank Caisse des Depots’ subsidiary CDC Climat said on Monday.
http://jlne.ws/HgTjNR

Canada to slim environmental tests for big projects

Reuters
In a move set to help the oil industry, Canada’s Conservative government will unveil new rules this week designed to cut the time it takes for environmental assessments of major energy and industrial projects.
http://jlne.ws/HdJPrs
**repeats in Canada

Private Equity Sees Pipes as Second Shale Wave: Energy

Bloomberg
Private-equity firms are ramping up investment in the next phase of North America’s oil and natural gas drilling boom: the estimated $40 billion in annual spending on pipelines and processing to bring the fuels to market.
http://jlne.ws/GS0RYP

Sprawling cities pressure environment, planning

Reuters
Expanding cities threaten to eat up a swath of land the size of France, Germany and Spain combined in less than 20 years, putting the world under even more environmental pressure, experts said at a climate conference on Tuesday.
http://jlne.ws/GXlFvn

Industry blasts “unacceptable” delay to carbon reporting
Business Green
The government has come under fire after failing to make a decision on whether to introduce mandatory reporting for greenhouse gas (GHG) emissions.
http://jlne.ws/HfajGn

Global warming close to becoming irreversible: scientists
Reuters
The world is close to reaching tipping points that will make it irreversibly hotter, making this decade critical in efforts to contain global warming, scientists warned on Monday.
http://jlne.ws/GUVHLU

US

Virginia Approves Gamesa Offshore Turbine in Chesapeake Bay

Bloomberg
Virginia approved construction of a wind turbine in Chesapeake Bay that may be the first installed in U.S. waters.
http://jlne.ws/HgF1wG

Bernanke calls gas prices a ‘moderate’ risk to the economy

The Hill’s E2 Wire
Federal Reserve Chairman Ben Bernanke said rising gasoline prices are a “moderate” risk to the economy that may slightly hinder growth rates, but nonetheless predicted they will not stall the recovery.
http://jlne.ws/HaiBCL

Canada

Canada to slim environmental tests for big projects
Reuters
In a move set to help the oil industry, Canada’s Conservative government will unveil new rules this week designed to cut the time it takes for environmental assessments of major energy and industrial projects.
http://jlne.ws/HdJPrs
**repeats in Leads

Canadian Energy Giant Purchases 50 MW Solar Farm in Nevada
Nathanael Baker – Energy Boom
The acquisition of Silver State North represents Enbridge’s first renewable energy project in the United States.
http://jlne.ws/GW8P72

MaRS announces launch of first dedicated, early-stage cleantech venture fund
MarketWatch
MaRS Cleantech Fund LP ushers in a new model in early-stage technology investing by leveraging the strength of a non-exclusive, but strategic relationship between MaRS Discovery District and the private sector.
http://jlne.ws/GXLDQ7

Europe

Italy’s EGP wins 3 geothermal concessions in Chile
Reuters
Enel Green Power (EGP) , Italy’s biggest renewable energy company, has won three geothermal exploration concessions in Chile as part of a plan to expand in the promising Chilean market, the company said on Thursday.
http://jlne.ws/Ha4kpD
**repeats in Latin America

U.K. to Start Carbon-Capture Funding Contest During Recess

Bloomberg
The U.K. government will start a 1 billion-pound ($1.6 billion) program to fund carbon capture and storage projects during the parliamentary recess.
http://jlne.ws/HhPoBL

Allianz raises its target for reducing emissions and will be carbon-neutral from 2012
Finchannel.com
The report on the company’s most important sustainability initiatives is not only being published much earlier than in previous years, but also now aligned with the general reporting on Allianz business. In addition, Allianz had its environmental data verified by an independent auditor for the first time.
http://jlne.ws/Hb8tn2

New Center for Carbon Measurement to drive UK’s low carbon economy
Physorg.com
The National Physical Laboratory (NPL) today launches its Centre for Carbon Measurement, which will ensure the UK leads the world in climate modelling, global carbon markets and green technology. Business and government have welcomed the project, highlighting its potential to reduce emissions and stimulate the economy.
http://jlne.ws/GUOI42

Cyprus to open further talks on CO2 set-aside: official

Point Carbon
Cyprus will consult stakeholders on how best to cut supply of EU carbon permits should member states fail to agree to support CO2 prices that are trading near record lows, a senior official with the Cypriot government said Monday.
http://jlne.ws/Hfcytl

Asia

Xstrata Wins Approval for Biggest Australian Coal Mine

Bloomberg
Xstrata Plc (XTA), the world’s largest exporter of power-station coal, won court approval to build the A$6 billion ($6.3 billion) Wandoan coal mine in Australia that opponents say threatens the Great Barrier Reef. Carmel MacDonald, president of the Land Court of Queensland, ruled today that opponents hadn’t proved the mine would cause environmental harm justifying it being blocked.
http://jlne.ws/HbMWil

Azure Power Gets U.S. Grant for Indian Rural Solar Project
Bloomberg
Azure Power India Pvt., a developer of solar plants, won a grant from the U.S. Trade and Development Agency for a project aimed at helping to bring sun-based power to rural villages.
http://jlne.ws/GYx4z7

Emission targets change as solar plants stagnate
ABC
CHRIS UHLMANN, PRESENTER: In latest of many setbacks to Australia’s ambition for a clean energy future, the Victorian government has scrapped its target of a 20 per cent cut to greenhouse gas emissions by 2020
http://jlne.ws/GYzFt5

Latin America

Italy’s EGP wins 3 geothermal concessions in Chile
Reuters
Enel Green Power (EGP) , Italy’s biggest renewable energy company, has won three geothermal exploration concessions in Chile as part of a plan to expand in the promising Chilean market, the company said on Thursday.
http://jlne.ws/Ha4kpD
**repeats in Europe

Camera Plans $11 Million Brazilian Biodiesel Chemical Plant

Bloomberg
Camera Agroalimentos SA, a Brazilian agricultural company, is planning a 20 million-real ($11 million) factory to make a catalyst needed to produce biodiesel as demand for the renewable fuel increases.
http://jlne.ws/HdTo9G

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