In this edition, a European think-tank goes after carbon markets. And from the solar space, Global Solar Capacity Tops 100 Gigawatts on Asian Markets and Vestas Loses Wind Turbine Market Lead to GE After 12 Years. Where science meets finance, Ecosystem Marketplace offers Remote Sensing: A Primer.

Quote of the Day:

“The reason this business is so phenomenal is that water rates go only in one direction –- up.”

–Matthew Diserio, president of Water Management LLC, in Bloomberg coverage of conference sponsored by Goldman, General Electric Co. and the World Resources Institute.

Lead Stories

Value of North American carbon markets to surge by 270% this year; Market worth $2.5bn by year end, driven by California
Press Release – Thomson Reuters Point Carbon
This year, North American carbon markets will more than double in value to $2.5 bn, driven by market activity in California which will increase over fourfold year on year to 186 Mt, predicts Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets. In California, where there is strong demand for California carbon allowances (CCAs), driven by hedging by power suppliers, the market as a whole looks set to increase in value to $2.3bn this year. At state auctions Thomson Reuters Point Carbon predicts CCA prices will increase to around $11/ton, only slightly above the minimum price of $10.71/ton, due to a likely over-supply of allowances this year. The size of the primary market will increase this year as the California Air Resource Board (CARB) auctions 58 Mt vintage 2013 (V13) allowances and 38 Mt vintage 2016 (V16) allowances, up from the 23 Mt and 39 Mt auctions respectively last year.
**Link not available

Carbon Markets Threatened If EU Backload Plan Fails, CEPS Says
Bloomberg
Europe will struggle to convince the rest of the world that carbon trading is the best way to tackle climate change if a plan to revive the price of the region’s permits fails, said the Centre for European Policy Studies.
http://jlne.ws/WVkA2c

Investing in Water Good Long-Term Bet, Goldman Head Says
Bloomberg
Investing in water utilities, infrastructure and water rights offers stable, long-term returns, Kyung-Ah Park, head of the environmental markets group at Goldman Sachs Group Inc., said in an interview.
http://jlne.ws/12oiybt

The Water-Food-Energy Nexus
SABMiller’s Andy Wales on The Energy Collective
By 2050, demand for resources is set to increase significantly as the global population grows to nine billion and becomes more prosperous. Global economic growth is being driven largely by emerging markets. Over the medium term, the World Bank estimates economic growth of 6% in developing countries, compared to 2.7% in higher-income countries.
http://jlne.ws/Z6n3et

Commentary: Climate Change: time for Plan B
Financial Times
The comments in President Obama’s second inaugural speech on climate change have encouraged campaigners to think that something substantive is about to happen. It is always good to be optimistic, but the hard question is what exactly is he going to do and what will it achieve.
http://jlne.ws/V0oIkH

Tories try new tack to sell U.S. on Keystone pipeline
The Globe and Mail
As more than twenty thousand activists prepare to converge in front of the White House this weekend to oppose Keystone XL, the Harper government plans to use a two-track message to persuade the U.S. government to approve the pipeline.
http://jlne.ws/12oEovA

Huge Climate Change Rally Targets Keystone XL Pipeline
Yahoo News Contributor Network
The environmental organizations Sierra Club and 350.org, along with about 120 partner organizations are planning “the largest climate-related rally in U.S. history” on Sunday in front of the White House. The goal of the rally, according to a post by the Sierra Club, is to demand that President Barack Obama move forward on climate measures including rejecting the Keystone XL pipeline, phasing out fossil fuels and promoting energy efficiency and clean-energy sources. Here are the details.
http://jlne.ws/WFkYDY

Remote Sensing: A Primer
Ecosystem Marketplace
Nearly all types of environmental finance – whether mitigation banking, payments for watershed services, or REDD – involve some form of remote sensing. But this catch-all phrase encompasses scores of practices using radar, lidar, and infrared technology from satellites, airplanes, and blimps. Here’s how they all fit together.
http://jlne.ws/WfOf6u

Ecosystem Services May Shape Regulations, Report Finds
Environmental Leader
Ecosystem services – benefits provided by functioning ecosystems – may shape future policy and regulations as well as government expectations of the private sector, particularly on public lands, according to a report by BSR.
http://jlne.ws/Y7MbNc

Events

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

Natural Gas/Coal/Alternative Fuels

Brazil Ethanol Topping Sugar Signals Millers May Favor Biofuel
Bloomberg
Brazilian ethanol prices trading above raw sugar futures for the first time in almost two years are spurring speculation that millers will favor making the biofuel over the sweetener in the season starting in April.
http://jlne.ws/Wfz39t

Japan Will Drill for Methane Off Its Shores
Guardian/NY Times
Japan will attempt to tap frozen methane gas deposits off its southeast coast by drilling a series of deep-sea test wells early next year, the Guardian newspaper reported on Monday.
http://jlne.ws/Z6lopg

Australia OKs Whitehaven Coal’s Maules Creek Mine
The Wall Street Journal
Australia gave conditional approval to Whitehaven Coal Ltd.’s WHC.AU +7.09% plan to build a major coal project in New South Wales state, in a move that will open a new supply line to Asia but frustrate environmentalists opposed to mining.
http://jlne.ws/Y5wy6Y

Power

Global Solar Capacity Tops 100 Gigawatts on Asian Markets
Bloomberg
Global solar-power capacity rose to at least 101 gigawatts last year as growth in China, the U.S. and Japan outstripped some markets in Europe.
http://jlne.ws/Xsi8la

Vestas Loses Wind Turbine Market Lead to GE After 12 Years
Bloomberg
Vestas Wind Systems A/S lost its leadership of the global wind turbine market to General Electric Co. in 2012 after 12 years with the biggest share, Navigant Consulting Inc.’s BTM Consult unit said.
http://jlne.ws/11CdoxL

Wind power capacity grew 20% globally in 2012, figures show
Guardian
Wind power expanded by almost 20% in 2012 around the world to reach a new peak of 282 gigawatts (GW) of total installed capacity, while solar power reached more than 100GW, having more than doubled in two years.
http://jlne.ws/X3uVr8

Maryland Ocean Turbines Seen Powering U.S. Offshore Power
Bloomberg
A stripped-down wind-energy proposal backed by Maryland’s governor and gaining support in its legislature may be the first step in creating a network of offshore turbines and sub-sea cables spanning the U.S. Atlantic coast.
http://jlne.ws/X0DEgZ

Turkey’s $5 Billion Smart-Grid Plan Seen Boosting Ties With U.S.
Bloomberg
Turkey will spend $5 billion on smart power grids by 2015 to boost network efficiency, allowing North American companies to expand, the U.S. government said.
http://jlne.ws/VbTdBT

EnBW says reviewing conventional power plants
Reuters
Germany’s No. 3 utility EnBW is reviewing all of its gas and coal plants, signalling it may mothball sites in response to low electricity prices and high costs for natural gas.
http://jlne.ws/V0or16

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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