Quote of the Day

“This is a resource for which demand is only going to grow. There is no question there will continue to be demand for it. And there is no question there will continue to be questions about our province’s ability to produce it responsibly.”

Alberta Premier Alison Redford in The New York Times’ Green blog “Canadian Official Defends Oil Sands”

Lead Stories

EU Governments May Leave Out CO2-Permit Set-Aside in Energy Law
Governments in Europe intend to exclude from a planned energy law the option of withholding some carbon permits from the market, setting up a possible clash with European Parliament members seeking higher emission prices.

This Week in Voluntary Carbon: Change at the Tops

Ecosystem Marketplace
Carbon pioneer Dirk Forrester took the baton from Henry Derwent at the International Emissions Trading Association (IETA), while both Gold Standard and VCS took giant strides towards issuing new releases in an eventful week in voluntary carbon. Here is our summary of the major stories shaping the sector.

Schwarzenegger, UN leaders unveil virtual platform Sustainia

Business Green
For sustainability advocates, the failure of the 2009 Copenhagen climate negotiations to produce a strong global agreement was a major setback to climate action. But a group of businesses and leaders saw an opportunity to change the conversation by focusing on a positive future and by bringing more businesses and people into the discussion.

Analysts predict delays to China pilot CO2 scheme
Point Carbon
Most of China’s seven pilot CO2 trading schemes are likely to miss their 2013 launch dates, but in terms of covered emissions the trial schemes could dwarf emerging markets in Australia and California, according to Thomson Reuters Point Carbon analysts.

Carbon capture is part of our energy future
Letter to the Editor/Guardian
Stuart Haszeldine Professor of carbon capture and storage, University of Edinburgh

Tata Favors Wind, Solar as Coal-Fed Plants ‘Impossible’ to Build

The power unit of Tata Group, India’s biggest, said its new investments will favor wind and solar farms over coal-fired projects which have become “impossible” to develop.

Canadian Official Defends Oil Sands

The New York Times
Alison M. Redford, the premier of Alberta, said Wednesday that the debate over Canada’s oil sands development and the construction of the Keystone XL pipeline was tainted by a campaign of “misleading and false information” from opponents.
**repeats in Canada

Meet the Nervous Oil Speculators

Wall Street Journal
In a familiar ritual, President Barack Obama has called for another crackdown on oil speculators. But at least one group of speculators isn’t buying into the oil rally: investors in oil and gas company stocks.

CEO Leads NRG From Nuclear to Solar, Natural Gas
Wall Street Journal
Soon after the earth shook under Japan last March, NRG Energy Inc. felt aftershocks halfway around the world.

German Coalition Delays Solar-Subsidy Cuts Amid Investor Pleas

Germany, the world’s biggest solar- power market, will delay a plan to cut aid for the industry by three weeks and give developers of large-scale plants more time to complete projects, a lawmaker said.

International Interest Grows in Green-Building Certification
The New York Times
Last month, the new U.S. Embassy compound in Madagascar, which includes high-efficiency windows and low-flow toilets, received certification as a green building. Taipei 101, one of the world’s tallest skyscrapers, also earned a green stamp of approval recently, as did the Seoul Finance Center in South Korea.

New Advances in Science of Carbon Accounting
Science Daily
Determining with precision the carbon balance of North America is complicated, but researchers at Oak Ridge National Laboratory have devised a method that considerably advances the science.

USDA Offers Grants in Support of Water Quality Trading

Ecosystem Marketplace
Time is running out for those looking to apply for $10 million in Conservation Innovation Grants (CIG) that the United States Department of Agriculture (USDA) is offering to help launch water-quality trading (WQT) programs across the country. The grants are especially targeted at cross-border programs focusing on quality across watersheds (rather than just within state boundaries) and at programs that create the kind of infrastructure needed for well-functioning markets.


With Gas Prices Rising, Obama Feels Heat

Wall Street Journal
President Barack Obama on Tuesday said “there’s no silver bullet” to lower the price of gasoline—which has climbed to $3.74 a gallon on average—but he said his administration has taken steps to address long-term energy policy.

Obama Calls For Expanding Tax Credits For Alternative-Energy Vehicles

Dow Jones Newswires
President Barack Obama on Wednesday proposed expanding tax credits to make alternative-energy cars and trucks more appealing to buyers.

GE, Chesapeake to Develop Natural-Gas Car-Fueling Service in U.S.

General Electric Co. (GE) and Chesapeake Energy Corp. (CHK), the second-biggest U.S. natural-gas producer, will collaborate on products and services to fuel cars and trucks with domestically-produced natural gas.

Honda Looks to Dealers to Boost Natural Gas Station Network

Honda Motor Co. (7267), the only automaker selling compressed natural gas-powered cars to U.S. drivers, wants some of its dealers to also install pumps to sell the fuel as its seeks to double sales of CNG vehicles.


Canadian Solar Drops After Loss Exceeds Estimates: Toronto Mover

Canadian Solar Inc. (CSIQ), the Ontario- based solar-panel maker, fell the most in almost five months after reporting a fourth-quarter loss that exceeded analysts’ estimates.

Canadian Official Defends Oil Sands
The New York Times
Alison M. Redford, the premier of Alberta, said Wednesday that the debate over Canada’s oil sands development and the construction of the Keystone XL pipeline was tainted by a campaign of “misleading and false information” from opponents.
**repeats in Leads

Alberta offset supply tightens as new rules kick in

Point Carbon
Changes to Alberta’s offset program that will take force in April will curtail supply in the province’s already-tight carbon credit market, market participants said.


Green Party accuses London mayor of 44m sterling climate budget underspend

Business Green
The mayor of London has been accused of failing to deliver on a range of climate change policies during his four-year term in office, as new figures reveal he has spent just half of an 84m sterling green budget.

Cable: put offshore wind “success story” at heart of UK industrial policy
Business Green
Offshore wind is one of the British industrial success stories business secretary Vince Cable has urged the government to get behind as part of creating “a compelling vision of where the country is heading”.

Poland to veto EU climate decisions Friday: govt sources
Point Carbon
Poland is set to veto on Friday the European Union’s 2050 road-map laying out emission reduction goals beyond 2020 as well as another document detailing the bloc’s stance on global climate deal negotiations, two government sources said on Wednesday.

UK sets three more 2012 EUA auction dates
Point Carbon
The UK government will hold three more auctions for EU carbon permits between May and July, putting on offer a further 12 million allowances from its 2008-2012 new entrants reserve, it said on Wednesday.


1Malaysia Development to Buy Tanjong Energy
Wall Street Journal
1Malaysia Development Bhd., a Malaysian state-owned investment company, said it has signed an agreement to buy independent power producer Tanjong Energy Holdings Sdn Bhd. for 8.5 billion ringgit ($2.81 billion).

Fukushima hopes “world’s first floating offshore wind farm” will spark post-tsunami recovery
Business Green
Japan’s Fukushima prefecture, which was last year hit by a devastating earthquake and tsunami, could become an export hub for offshore wind technology under plans put forward by a consortium to build the world’s first floating wind farm.

O’Farrell under fire from within about energy fund HQ

The Age
THE Premier, Barry O’Farrell, has been branded a hypocrite for welcoming the establishment in Sydney of the headquarters of a $10 billion clean energy fund, despite it being bankrolled by the carbon tax and a pledge by the federal Coalition to abolish it.

‘Carbon’ polluting govt’s ad messages
The Age
Labor’s plan for an advertising blitz to sell the benefits of the carbon tax has hit a snag – the word ”carbon” is a turn-off for the public.

Africa/Middle East

LNG’s Looming Glut Has Qatar Sealing 20-Year Asia Deals

Qatar is seeking contracts to sell liquefied natural gas to Asia for as many as 20 years as the prospect of booming supplies from Australia, the U.S. and Africa raises the likelihood of a slide in prices.

Latin America

Brazil forest bill vote postponed to next week

Point Carbon
Brazil’s lower chamber of Congress has postponed to next week a high-profile vote on a controversial revision of forest use legislation that includes the pardon to thousands of cases of illegal deforestation.

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