In this edition, CDM clocks up 6,000th carbon offsetting project, reports Business Green. A great tool created by World Resources Institute and private-sector partners create a global water risk atlas; see coverage here.
Quote of the Day:
“I remain quite skeptical about backloading. I won’t be surprised to see another decline in prices when traders’ and operators’ suspicions that the measure won’t get the green light become reality.”
–Matteo Mazzoni, a NE Nomisma Energia Srl analyst, in Bloomberg’s “Germany, 6 More EU Nations Said to Hold Key to Carbon Fix”
Germany, 6 More EU Nations Said to Hold Key to Carbon Fix
Germany and six other EU nations hold the key to the decision on a rescue plan for the world’s biggest carbon market after prices slumped due to record oversupply, three EU officials with knowledge of the matter said.
Al Gore slams Chancellor’s ‘short-sighted’ approach to green growth
Al Gore, the former US Vice President, has accused Chancellor George Osborne of taking a “short-sighted” approach to climate change and green economic growth, warning that businesses increasingly want to see ambitious action on global warming.
CDM clocks up 6,000th carbon offsetting project
A wind farm in Vietnam yesterday became the 6,000th project to be registered under the UN’s carbon offset programme, the Clean Development Mechanism (CDM).
Aqueduct Launches Global Water Risk Atlas
The World Resources Institute and companies including GE, Shell, Dow, United Technologies and DuPont have launched an online tool that maps water risks worldwide.
Helium Rises to Highest Since 1995 in Fallout From Shale Boom
Helium prices in the U.S., the world’s biggest producer, are trading at the highest level since at least 1995 as the shale boom exacerbates a shortage of the gas used in everything from semiconductors to medical equipment.
U.S. Renewable-Energy Capacity Doubled From 2009-2012, BNEF Says
Renewable-energy capacity in the U.S. almost doubled from 2009 to 2012, helping reduce the nation’s carbon-dioxide emissions last year to the lowest since 1994, according to a Bloomberg New Energy Finance report.
RGGI (Regional Greenhouse Gas Initiative) Program Review Webinar
February 11, 2013
1:00 PM – 3:00 PM ET
Aviation Carbon 2013
February 19-20, 2012
2013 Climate Leadership Conference
February 27-March 1, 2013
Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
Plan to decarbonise Scots power
The Scottish government has announced plans to decarbonise its electricity generation by 2030, putting pressure on the coalition to follow suit.
Natural Gas/Coal/Alternative Fuels
US ethanol output slumps as losses spur plant closings
U.S. ethanol production has fallen to its lowest level since the government started collecting data more than two years ago, as poor demand and the high cost of corn prompt a series of plant closings.
Campaigners take legal action over EU biomass review
Environmental campaigners ClientEarth and BirdLife International are taking legal action against the European Commission over its failure to publish a review of greenhouse gas emissions from biomass.
US ban on LNG exports would violate WTO rules – experts
A U.S. government decision to subsidize steel, chemical and other manufacturers by restricting exports of liquefied natural gas would violate global trade rules and damage U.S. credibility after years of pressing other countries like China to drop restrictions on natural resource exports, experts said.
COLUMN-McClendon’s exit will not solve Chesapeake’s problems: Kemp
Shareholders must be hoping the removal of Aubrey McClendon as Chesapeake’s chief executive will end the corporate governance discount attached to the company’s share price and unlock superior returns. They are likely to be disappointed.
Saudi Arabia Completes Its Biggest Solar Power Plant
Saudi Arabia completed its biggest ground-mounted photovoltaic plant as the world’s largest crude oil exporter seeks to generate a third of its electricity with energy from the sun by 2032.
Bioenergy to Sell $126 Million Bonds to Fund Cheapest Wind Power
Bioenergy Geradora de Energia Ltda., the Brazilian renewable-energy developer that’s going to sell the world’s cheapest wind energy, plans to issue as much as 250 million reais ($125.7 million) of inflation-linked bonds to finance power projects.
Arise Plans Scottish Wind Farm as Carbon Target Lures Investors
Arise Windpower AB (AWP), a Scandinavian renewable-energy developer, plans to build a wind farm in western Scotland as the country targets an 80 percent cut in power-industry emissions by 2030.
LDK Gets $70 Million From China Development Bank for Upgrade
LDK Solar Co. (LDK), the second-biggest maker of wafers used to make solar cells, received approval for a 440 million yuan ($71 million) loan from China Development Bank Corp. to upgrade its Mahong polysilicon plant.
Dominion CEO says Virginia power plants on schedule, on budget
U.S. power company Dominion Resources Inc’s CEO said Thursday construction of several power plants in Virginia was on schedule and on budget and expected to enter service over the next few years to meet growing customer demand for electricity.
GE Sees U.S. Wind Credit Muting Slump in Turbine Demand
The extension of a U.S. wind-power tax credit will temper a plunge in demand for turbines over the next two years, according to the chief of General Electric Co. (GE)’s renewable energy unit.
RusHydro Proposes Company to Modernize Russia’s Water
OAO RusHydro (HYDR), Russia’s biggest renewable energy producer, has proposed creating a holding company to modernize water and sewage systems.
The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)
Regional Investment of RGGI CO2 Allowance Proceeds, 2011 (Posted Nov. 27, 2012)
2012 Report on Sustainable and Responsible Investing Trends in the US (Posted Nov. 27, 2012)
The Forum for Sustainable and Responsible Investment
Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication