In this edition, a Reuters piece provides the broad strokes for the EU budget deal’s climate impact, here. A Reuters column, meanwhile, predicts President Obama will dial back his innaugural rhetoric at Tuesday’s State of the Union address. Meanwhile, Carbon Glut Fueled by Generous EU Cap, Climate Mundial Says.

Quote of the Day:

“For many decades, we have heard that the U.S. will be independent of foreign imports of energy. Realistically, I can now tell you that it is my judgment this will happen in the next five to seven years.”

–Reliance Industries Chairman Mukesh Ambani in an interview to be aired on CNN, covered in a Bloomberg article.

Lead Stories

Budget deal cuts EU energy spending, promises climate focus
Reuters
An EU budget haggled out in marathon talks on Friday cut deeply into a new transport and energy fund and sacrificed ambition to make farming greener, but broke ground by committing a fifth of spending to the climate.
http://jlne.ws/VOymXS
**RKB — The Commission has estimated 100 billion euros is needed just to improve energy transmission lines and achieve efficiencies through a single, connected European energy market, making use of an increasing share of renewable power. Climate chief Hedegaard called Friday’s deal “major step forward.”

Business Gains Seen in U.S. Standards for Power Plants
Bloomberg
Rules to cut greenhouse-gas emissions from operating U.S. power plants will be a boon for companies willing to invest in clean energy, said Carol Browner, a former Environmental Protection Agency administrator.
http://jlne.ws/XnZ3R8
**RKB — Key quote: “The game changer is natural gas,” said Browner. “The question is what natural gas does both to coal, and ultimately to renewables and efficiency as we go forward.”

HSBC and Aviva back project to identify ‘stranded’ high-carbon assets
Business Green
One of the UK’s leading universities will today launch a new research programme aiming to help investors identify assets that could be left “stranded” by climate change, declining resources and the emergence of new green technologies.
http://jlne.ws/YPRrG3

COLUMN-Obama will not match climate rhetoric: Gerard Wynn
Reuters
Climate change will not be a top issue in the United States under President Barack Obama, despite the soaring rhetoric in his Inaugural Address last month.
http://jlne.ws/WRigJG

Ambani Says U.S. Will Be Energy Independent in 5-7 Years
CNN/Bloomberg
Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd., said that the U.S.’s development of shale oil and gas will make the country energy independent as early as 2018.
http://jlne.ws/Y3A41M

In the Rockies, Growing Support for Renewables
The New York Times
A new poll tracking the conservation attitudes of residents of the six Rocky Mountain States shows that support is strong for greater protection of public lands and investment in renewable energy. It also offers some clues to why public policy does not dovetail with public opinion in those areas.
http://jlne.ws/YkGqL0

Kerry wants Keystone pipeline decision in ‘near term’
The Hill’s E2 Wire
Secretary of State John Kerry said Friday that a federal decision on the proposed Keystone XL oil sands pipeline should arrive in the “near term,” but did not define what “near term” means.
http://jlne.ws/X16ydR

Keystone XL: Pressure on Kerry ahead of meeting with Canada counterpart
Guardian
The US secretary of state, John Kerry, steps into America’s biggest environmental controversy on Friday in his first meeting with a foreign minister since his swearing in.
http://jlne.ws/WYxWw6

China’s Energy Imports Rose in January
The Wall Street Journal
A resurgent economy toward the end of last year helped boost China’s energy imports in January, reflecting strong car sales, a cold winter and refineries scrambling to build stocks ahead of the Lunar New Year holiday.
http://jlne.ws/WccEtn

Japan offers nuclear help to Saudi to free up oil
Reuters
Japan has offered to help Saudi Arabia build nuclear power stations to free up more oil for exports, Kyodo news agency reported on Sunday, but a visiting Japanese minister said he was not seeking a supply increase now.
http://jlne.ws/XzNWCM

Events

RGGI (Regional Greenhouse Gas Initiative) Program Review Webinar
February 11, 2013
1:00 PM – 3:00 PM ET

Pre-Register: https://cc.readytalk.com/r/czr9w6gqzruv

State of Green Business 2013 Webcast
GreenBiz Group
February 12, 2013
1 p.m. ET
Register: http://jlne.ws/VETIkU

Aviation Carbon 2013
London
February 19-20, 2012
http://jlne.ws/RSzl7e

2013 Climate Leadership Conference
Washington D.C.
February 27-March 1, 2013
climateleadershipconference.org

Wall Street Green Summit XII
March 18, 2013
Center for Architecture, New York
http://jlne.ws/V9knZX

Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
http://jlne.ws/11SrgTF

Carbon

Eurogas calls for EU ETS reform
Argus
The EU emissions trading scheme (ETS) needs immediate reform and the EU should adopt only an emission reduction target for 2030, European gas industry body Eurogas’ president, Jean-Francois Cirelli, said.
http://jlne.ws/YPNYrc

Carbon Glut Fueled by Generous EU Cap, Climate Mundial Says
Bloomberg
Europe’s glut of emissions permits is the fault of regulators’ overgenerous allocation of the allowances, rather than the region’s economic slowdown, according to carbon-market adviser Climate Mundial Ltd.
http://jlne.ws/XwJVxa

COLUMN-Flexibility key to carbon limits on U.S. coal-fired power: Wynn
Reuters
The U.S. government can only overcome industry resistance to planned carbon emissions limits on coal-fired power plants by offering a wide range of options to comply, from buying credits to making renewable energy or efficiency improvements.
http://jlne.ws/Y4nEsk
**repeats in Nat Gas/Coal

Natural Gas/Coal

Brazil Prepares to Surprise Drillers This Time With Gas
Bloomberg
As Brazil prepares for its first-ever auction of shale-gas acreage, it has a message for global prospectors: The country that discovered the world’s biggest offshore oil finds this century may have almost twice as much natural gas onshore as is currently estimated.
http://jlne.ws/11SQv8v

Interior Department to investigate coal exports
The Hill’s E2 Wire
The Interior Department will investigate whether mining companies are gaming the federal government by skirting royalty payments, a pair of senior senators announced Friday.
http://jlne.ws/YPTcDd

COLUMN-Flexibility key to carbon limits on U.S. coal-fired power: Wynn
Reuters
The U.S. government can only overcome industry resistance to planned carbon emissions limits on coal-fired power plants by offering a wide range of options to comply, from buying credits to making renewable energy or efficiency improvements.
http://jlne.ws/Y4nEsk
**repeats in Carbon

Power

U.K. Approves 66 Megawatt Wind Farm Developed by Ecotricity
Bloomberg
Ecotricity Group Ltd., a supplier of renewable energy, said it won permission from the U.K. government to develop a 66 megawatt wind farm in Heckington Fen in Lincolnshire near England’s east coast.
http://jlne.ws/Z48CHQ

UK leaps up European wind power league table
Business Green
The UK has taken bronze position in the European wind energy rankings, after last year installing 16 per cent of all new capacity across the continent.
http://jlne.ws/V9vDWn

Texas Power Giant Could Be Split Up
The Wall Street Journal
Energy Future Holdings Corp., the struggling Texas power company involved in a record leveraged buyout, could end up splitting as it faces significant choke points on debt and seeks counsel from Wall Street restructuring advisers.
http://jlne.ws/YPXSsV

Water

Private Equity Purifies Pacific to Boost California Water
Bloomberg
After a decade of struggles to assuage environmentalists, raise almost $1 billion and win permits, Poseidon Resources Group will finally answer a critical question: Is converting seawater to drinking water a profitable venture in the U.S. when there are cheaper options?
http://jlne.ws/Wy7QjY

Reports

Can the US Get There from Here? (Posted February 6, 2013)
WRI
http://jlne.ws/X5PgyQ

The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)
http://jlne.ws/WHQez7

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
http://jlne.ws/S5HNAg

Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)
Verdantix
http://jlne.ws/QM1A6f

Regional Investment of RGGI CO2 Allowance Proceeds, 2011 (Posted Nov. 27, 2012)
http://jlne.ws/Y2CJzg

2012 Report on Sustainable and Responsible Investing Trends in the US (Posted Nov. 27, 2012)
The Forum for Sustainable and Responsible Investment
http://jlne.ws/TsQlPs

Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
World Bank
http://jlne.ws/RQylgD

Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication
http://jlne.ws/T4XcdE

View all reports >

In this edition, a Reuters piece provides the broad strokes for the EU budget deal’s climate impact, here. A Reuters column, meanwhile, predicts President Obama will dial back his innaugural rhetoric at Tuesday’s State of the Union address. Meanwhile, Carbon Glut Fueled by Generous EU Cap, Climate Mundial Says.

Quote of the Day:

“For many decades, we have heard that the U.S. will be independent of foreign imports of energy. Realistically, I can now tell you that it is my judgment this will happen in the next five to seven years.”

–Reliance Industries Chairman Mukesh Ambani in an interview to be aired on CNN, covered in a Bloomberg article.

Lead Stories

Budget deal cuts EU energy spending, promises climate focus
Reuters
An EU budget haggled out in marathon talks on Friday cut deeply into a new transport and energy fund and sacrificed ambition to makefarming greener, but broke ground by committing a fifth of spending to the climate.
http://jlne.ws/VOymXS
**RKB — The Commission has estimated 100 billion euros is needed just to improve energy transmission lines and achieve efficiencies through a single, connected European energy market, making use of an increasing share of renewable power. Climate chief Hedegaard called Friday’s deal “major step forward.”

Business Gains Seen in U.S. Standards for Power Plants
Bloomberg
Rules to cut greenhouse-gas emissions from operating U.S. power plants will be a boon for companies willing to invest in clean energy, saidCarol Browner, a former Environmental Protection Agency administrator.
http://jlne.ws/XnZ3R8
**RKB — Key quote: “The game changer is natural gas,” said Browner. “The question is what natural gas does both to coal, and ultimately to renewables and efficiency as we go forward.”

HSBC and Aviva back project to identify ‘stranded’ high-carbon assets
Business Green
One of the UK’s leading universities will today launch a new research programme aiming to help investors identifyassets that could be left “stranded” by climate change, declining resources and the emergence of new green technologies.
http://jlne.ws/YPRrG3

COLUMN-Obama will not match climate rhetoric: Gerard Wynn
Reuters
Climate change will not be a top issue in the United States under PresidentBarack Obama, despite the soaring rhetoric in his Inaugural Address last month.
http://jlne.ws/WRigJG

Ambani Says U.S. Will Be Energy Independent in 5-7 Years
CNN/Bloomberg
Mukesh Ambani, the billionaire chairman ofReliance Industries Ltd., said that the U.S.’s development of shale oil and gas will make the country energy independent as early as 2018.
http://jlne.ws/Y3A41M

In the Rockies, Growing Support for Renewables
The New York Times
A newpoll tracking the conservation attitudes of residents of the six Rocky Mountain States shows that support is strong for greater protection of public lands and investment in renewable energy. It also offers some clues to why public policy does not dovetail with public opinion in those areas.
http://jlne.ws/YkGqL0

Kerry wants Keystone pipeline decision in ‘near term’
The Hill’s E2 Wire
Secretary of State John Kerry said Friday that a federal decision on the proposed Keystone XL oil sands pipeline should arrive in the “near term,” but did not define what “near term” means.
http://jlne.ws/X16ydR

Keystone XL: Pressure on Kerry ahead of meeting with Canada counterpart
Guardian
The US secretary of state, John Kerry, steps into America’s biggest environmental controversy on Friday in his first meeting with a foreign minister since his swearing in.
http://jlne.ws/WYxWw6
China’s Energy Imports Rose in January
The Wall Street Journal
A resurgent economy toward the end of last year helped boost China’s energy imports in January, reflecting strong car sales, a cold winter and refineries scrambling to build stocks ahead of the Lunar New Year holiday.
http://jlne.ws/WccEtn

Japan offers nuclear help to Saudi to free up oil
Reuters
Japan has offered to help Saudi Arabia build nuclear power stations to free up more oil for exports, Kyodo news agency reported on Sunday, but a visiting Japanese minister said he was not seeking a supply increase now.
http://jlne.ws/XzNWCM

Events

RGGI (Regional Greenhouse Gas Initiative) Program Review Webinar
February 11, 2013
1:00 PM – 3:00 PM ET

Pre-Register:https://cc.readytalk.com/r/czr9w6gqzruv

State of Green Business 2013 Webcast
GreenBiz Group
February 12, 2013
1 p.m. ET
Register: http://jlne.ws/VETIkU

Aviation Carbon 2013
London
February 19-20, 2012
http://jlne.ws/RSzl7e

2013 Climate Leadership Conference
Washington D.C.
February 27-March 1, 2013
climateleadershipconference.org

Wall Street Green Summit XII
March 18, 2013
Center for Architecture, New York
http://jlne.ws/V9knZX

Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
http://jlne.ws/11SrgTF

Carbon

Eurogas calls for EU ETS reform
Argus
The EU emissions trading scheme (ETS) needs immediate reform and the EU should adopt only an emission reduction target for 2030, European gas industry body Eurogas’ president, Jean-Francois Cirelli, said.
http://jlne.ws/YPNYrc

Carbon Glut Fueled by Generous EU Cap, Climate Mundial Says
Bloomberg
Europe’s glut of emissions permits is the fault of regulators’ overgenerous allocation of the allowances, rather than the region’s economic slowdown, according to carbon-market adviser Climate Mundial Ltd.
http://jlne.ws/XwJVxa

COLUMN-Flexibility key to carbon limits on U.S. coal-fired power: Wynn
Reuters
The U.S. government can only overcome industry resistance to planned carbon emissions limits on coal-fired power plants by offering a wide range of options to comply, from buying credits to making renewable energy or efficiency improvements.
http://jlne.ws/Y4nEsk
**repeats in Nat Gas/Coal

Natural Gas/Coal

Brazil Prepares to Surprise Drillers This Time With Gas
Bloomberg
As Brazil prepares for its first-ever auction of shale-gas acreage, it has a message for global prospectors: The country that discovered the world’s biggest offshore oil finds this century may have almost twice as much natural gas onshore as is currently estimated.
http://jlne.ws/11SQv8v

Interior Department to investigate coal exports
The Hill’s E2 Wire
The Interior Department will investigate whether mining companies are gaming the federal government by skirting royalty payments, a pair of senior senators announced Friday.
http://jlne.ws/YPTcDd

COLUMN-Flexibility key to carbon limits on U.S. coal-fired power: Wynn
Reuters
The U.S. government can only overcome industry resistance to planned carbon emissions limits on coal-fired power plants by offering a wide range of options to comply, from buying credits to making renewable energy or efficiency improvements.
http://jlne.ws/Y4nEsk
**repeats in Carbon

Power

U.K. Approves 66 Megawatt Wind Farm Developed by Ecotricity
Bloomberg
Ecotricity Group Ltd., a supplier of renewable energy, said it won permission from the U.K. government to develop a 66 megawatt wind farm in Heckington Fen in Lincolnshire near England’s east coast.
http://jlne.ws/Z48CHQ

UK leaps up European wind power league table
Business Green
The UK has taken bronze position in the European wind energy rankings, after last year installing 16 per cent of all new capacity across the continent.
http://jlne.ws/V9vDWn

Texas Power Giant Could Be Split Up
The Wall Street Journal
Energy Future Holdings Corp., the struggling Texas power company involved in a record leveraged buyout, could end up splitting as it faces significant choke points on debt and seeks counsel from Wall Street restructuring advisers.
http://jlne.ws/YPXSsV

Water

Private Equity Purifies Pacific to Boost California Water
Bloomberg
After a decade of struggles to assuage environmentalists, raise almost $1 billion and win permits, Poseidon Resources Group will finally answer a critical question: Is converting seawater to drinking water a profitable venture in the U.S. when there are cheaper options?
http://jlne.ws/Wy7QjY

Reports

Can the US Get There from Here? (Posted February 6, 2013)
WRI
http://jlne.ws/X5PgyQ

The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)
http://jlne.ws/WHQez7

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
http://jlne.ws/S5HNAg

Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)
Verdantix
http://jlne.ws/QM1A6f

Regional Investment of RGGI CO2 Allowance Proceeds, 2011 (Posted Nov. 27, 2012)
http://jlne.ws/Y2CJzg

2012 Report on Sustainable and Responsible Investing Trends in the US (Posted Nov. 27, 2012)
The Forum for Sustainable and Responsible Investment
http://jlne.ws/TsQlPs

Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
World Bank
http://jlne.ws/RQylgD

Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication
http://jlne.ws/T4XcdE

View all reports >

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