Quote of the Day

“We don’t often have joint Christmas parties with these folks, but on this issue [exporting natural gas] we have a common interest.”

Michael Brune, executive director, Sierra Club, in The Wall Street Journal’s “Odd Alliance Says No to Gas Exports”

Lead Stories

Kyoto 2 should last until 2020 – EU environment ministers
Argus Media
The majority of European Council environment ministers support an eight-year second commitment period under the Kyoto protocol rather than a five-year term, according to draft conclusions on the follow-up to the Durban climate summit seen by Argus.
http://jlne.ws/AfaQ14

EU Governments May Leave Out CO2-Permit Set-Aside in Energy Law
Bloomberg
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.
http://jlne.ws/AATc1T

UK pushing for tougher emissions cuts at “crucial” EU meeting
Business Green
An increase in the EU’s carbon reduction ambitions will be Ed Davey’s main goal at today’s Environment Council meeting of ministers in Brussels.
http://jlne.ws/xi15Qe

Decarbonising China by 2050
Power Engineering
The recent ‘breakthrough’ at UN-led climate negotiations at Durban involved all countries, developed and developing, for the first time agreeing to eventually sign up to some form of emissions target.
http://jlne.ws/ymcxIi

Set-aside, swaps boost emissions market volumes
Environmental Finance
Volumes in the European carbon market jumped last month, boosted by speculation ahead of a key European Parliament vote on supply-curbing measures and the widening spread between key carbon commodity prices.
http://jlne.ws/wdDocw

CDM investment to die unless CERs hit 20 euros: financier
Point Carbon
An unlikely fourfold increase in U.N. carbon prices is needed before significant investment returns to the ailing international offset market, an official at Dutch bank ING, who has worked in financing emission reduction schemes, said Wednesday.
http://jlne.ws/wlneIe

Edinburgh to host Green Investment Bank – with a little help from London
Business Green
The government has revealed its 3bn sterling Green Investment Bank (GIB) will be headquartered in Edinburgh, but conduct transactions from London, following a fierce campaign from Scottish businesses to secure the bank for the city.
http://jlne.ws/zYDvFi

California Takes the Lead With New Climate Initiatives

Yale Environment 360
Long ahead of the rest of the U.S. on environmental policy, California is taking bold steps to tackle climate change — from committing to dramatic reductions in emissions, to establishing a cap-and-trade system, to mandating an increase in zero-emission vehicles. The bottom line, say state officials, is to foster an economy where sustainability is profitable.
http://jlne.ws/y8kbCZ

Engine failure: GOP’s signature highway bill sputters, dies
Grist
In an increasingly desperate attempt to save his signature, $260 billion highway bill from the junkyard, House Speaker John Boehner (R-Ohio) pleaded with fellow Republicans to get on the bandwagon this week, even threatening to go with the (gasp!) bipartisan Senate bill instead if they didn’t get in line. Now it looks like he has given up on passing his own bill altogether.
http://bit.ly/AEgmmE

Odd Alliance Says No to Gas Exports

Wall Street Journal
Energy companies have found so much natural gas in U.S. shale rocks they want to begin exporting it. But the push is creating a political clash with an unusual set of opponents who think American gas should stay in America.
http://jlne.ws/zjfKzi

Exxon Rips U.S. Push on Fracking Oversight
Wall Street Journal
Federal efforts to expand oversight of oil and gas drilling are threatening to derail development of U.S. energy without necessarily improving safety, Exxon Mobil Corp. Chief Executive Rex Tillerson said Thursday.
http://jlne.ws/AvFstJ

Solar Subsidy Cuts in Europe Mean First Demand Drop in a Decade: Energy
Bloomberg
Fewer solar panels will be installed this year as the first drop in more than a decade worsens a glut of the unsold devices that’s already slashed margins at the top five manufacturers, an analyst survey showed.
http://jlne.ws/wLGtki

U.S. Delays Dumping Decision on China Solar Cells, Official Says

Bloomberg
The U.S. Commerce Department said it delayed a decision on antidumping duties for Chinese solar-cell imports following three postponements in its separate decision on countervailing duties.
http://jlne.ws/yMCXRJ

US

Court Awards GE $170 Million Damages in Wind-Energy Patent Case

Wall Street Journal
General Electric Co. has been awarded about $170 million in damages in a patent-infringement case against Mitsubishi Heavy Industries Ltd. , the latest round in the companies’ continuing battle over wind-turbine technology.
http://jlne.ws/wg8Dzi

Senate rejects GOP measure to construct Keystone pipeline, 56-42
The Hill’s E2 Wire
The Senate has rejected a GOP plan to approve construction of the Keystone XL oil pipeline after President Obama made personal calls to Democrats urging them to oppose it.
http://jlne.ws/Ailoj1
**repeats in Canada

War over Keystone is far from over, GOP says
The Hill’s E2 Wire
If you thought that Thursday’s defeat of a Senate GOP measure to greenlight the Keystone oil pipeline meant the project would fade from the headlines, think again.
http://jlne.ws/xEdCfz
**repeats in Canada

Cantor opposes natural-gas vehicles bill, dimming prospects

The Hill’s E2 Wire
House Majority Leader Eric Cantor (R-Va.) said Thursday that he opposes legislation that would provide tax credits to spur transition to using natural-gas fuel in heavy trucking fleets, dealing a strong blow to the bill’s prospects.
http://jlne.ws/ACmuia

Canada

Senate rejects GOP measure to construct Keystone pipeline, 56-42
The Hill’s E2 Wire
The Senate has rejected a GOP plan to approve construction of the Keystone XL oil pipeline after President Obama made personal calls to Democrats urging them to oppose it.
http://jlne.ws/Ailoj1
**repeats in US

War over Keystone is far from over, GOP says
The Hill’s E2 Wire
If you thought that Thursday’s defeat of a Senate GOP measure to greenlight the Keystone oil pipeline meant the project would fade from the headlines, think again.
http://jlne.ws/xEdCfz
**repeats in US

Europe

Government downplays Green Deal delay fears
Business Green
The government has once again downplayed concerns its flagship energy efficiency Green Deal loan scheme is facing delays, despite reports hinting the Big Six energy companies are unprepared to deliver the crucial payment mechanism underpinning the scheme until 2013.
http://jlne.ws/wnRjYU

Cable calls on Treasury to scrap “blunt” Carbon Reduction Commitment
Business Green
Businesses could find their efforts to comply with the Carbon Reduction Commitment (CRC) prove futile, if Vince Cable gets his way.
http://jlne.ws/xe9OkB

E.ON to Shut U.K. Plant

Wall Street Journal
German utility E.ON AG said Thursday it is to cease generating from its 1,940-megawatt, U.K.-based Kingsnorth coal-fired power plant in March 2013 in line with European Union environmental legislation, and is withdrawing its application to build two new coal units at the site.
http://jlne.ws/zh669P

Asia

China to Install Up to 5 Gigawatts of Solar This Year, Shi Says
Bloomberg
China may install as much as 5 gigawatts of solar panels this year, according to Suntech Power Holdings Co. Chief Executive Officer Zhengrong Shi.
http://jlne.ws/yOAiJW

Fitch: Indonesia’s Coal Sector Can Benefit from Clearer Regulations
Fitch/Reuters
Fitch Ratings says Indonesia’s coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable regulations.
http://jlne.ws/wNHkcg

Deadline looming for carbon credits

Waikato Times
Owners of marginal pastoral land are being encouraged to consider forestry conversion to cash in on carbon credits.
http://jlne.ws/xpV7hv

Voters call for action on climate change
The Age
AS THE Baillieu government prepares to reveal the future of Victoria’s climate change laws, a poll has found two-thirds of Coalition voters think the state has a responsibility to cut greenhouse gas emissions.
http://jlne.ws/znwWop

Africa/Middle East

S.Africa RBCT coal exports up m/m to 6.09 mln T in Feb
Reuters
South Africa exported 6.09 million tonnes from the Richards Bay Coal Terminal in February, up from 4.46 million tonnes the previous month, data showed on Thursday.
http://jlne.ws/zR2rrK

Latin America

Santa Terezinha Invests $283 Million in Brazil Ethanol Projects
Bloomberg
Usina de Acucar Santa Terezinha Ltda., a Brazilian ethanol producer, plans to invest 500 million reais ($283 million) in a mill and sugar-cane plantations as the country seeks to increase its supply of the renewable fuel.
http://jlne.ws/yk3Cll

Brazil to unveil national REDD plan by late 2012
Point Carbon
A draft outlining Brazil’s national anti-deforestation strategy is expected be delivered to cabinet members and President Dilma Rousseff for review by the end of this year, an environment ministry official said, a move that could trigger private sector investment in avoided deforestation.
http://jlne.ws/Ayxei1

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