In this edition, more commentary on the jolt, however modest at this point, that renewed U.S. attention on climate solutions could give European and global markets. And then, a not-so-friendly Economist piece. And scroll down for an interesting exchange between the The New York Times and Tesla Motors, dominant in the high-performance electric car space.
Quote of the Day:
“Those that sell the emissions trading market short should think twice. The cavalry may be on its way. Obama’s comments may provide encouragement to those that want to make the emissions trading system better and create a different momentum ahead of the vote next week.”
–Andrei Marcu, a Brussels-based adviser at CEPS, in Bloomberg’s “Obama’s Carbon ‘Cavalry’ May Help Revive EU Market, CEPS Says”
Obama’s Carbon ‘Cavalry’ May Help Revive EU Market, CEPS Says
President Barack Obama’s drive to protect the climate in his second term may help boost Europe’s flagging carbon market, according to the Centre for European Policy Studies.
Carbon markets: Extremely Troubled Scheme
ON FEBRUARY 19th Europe’s emissions-trading system (ETS) faces a potentially fatal vote. It could not only determine whether the world’s biggest carbon-trading market survives but delay the emergence of a worldwide market, damage Europe’s environmental policies across the board and affect the prospects for a future treaty to limit greenhouse-gas emissions. Quite a lot for a decision which—as is the way of things European—sounds numbingly technical.
**RKB — Largely a recap, with a dose of opinion at the very last: “Even if the proposal goes the commission’s way, that would not change the ETS fundamentally. The oversupply of allowances would continue unless the auctions were cancelled, not just rescheduled. But that is a battle for another day.”
Commentary: ’Energy Independence’ Alone Won’t Boost U.S. Power
Meghan L. O’Sullivan on Bloomberg
“We are finally poised to control our own energy future,” said President Barack Obama in his State of the Union message, noting the drastic increase in American energy production from unconventional oil and gas resources.
**RKB: Note: Meghan L. O’Sullivan, a professor at Harvard University’s Kennedy School of Government and former deputy national security adviser in the George W. Bush administration, is a Bloomberg View columnist.
Obama Clean-Energy Fund Would Gain If Oil Drilling Expanded
President Barack Obama’s proposal to fund clean-energy research with fees paid by oil and gas producers is renewing a debate over whether the promise of innovation tomorrow is worth expanding drilling today.
Climate Change’s Links to Conflict Draws UN Attention
Imagine India in 2033. It has overtaken China as the most populous nation. Yet with 1.5 billion citizens to feed, it’s been three years since the last monsoon. Without rain, crops die and people starve.
REDD+ And How To Use It As A Tool For Business Sustainability
A new ebook from DoShort is providing answers for business and sustainability leaders wondering how REDD+ pertains to the practices of global business and what they can do to reverse tropical deforestation and make a positive environmental impact. Here is an excerpt from the book discussing what REDD+ is and how it can be used to accelerate business sustainability.
A Most Peculiar Test Drive
Elon Musk, Chairman, Product Architect & CEO at Tesla Motors, on the firm’s website.
You may have heard recently about an article written by John Broder from The New York Times that makes numerous claims about the performance of the Model S. We are upset by this article because it does not factually represent Tesla technology, which is designed and tested to operate well in both hot and cold climates.
**RKB: The exchange continues. . . Broder’s original column and his next lob, below.
Stalled Out on Tesla’s Electric Highway
John M. Broder – The New York Times
Having established a fast-charging foothold in California for its electric cars, Tesla Motors has brought its formula east, opening two ultrafast charging stations in December that would, in theory, allow a speedy electric-car road trip between here and Boston.
That Tesla Data: What It Says and What It Doesn’t
John M. Broder – The New York Times
Elon Musk , the chief executive of Tesla Motors, has now responded in detail to the account of my test drive of his Model S electric car, using the company’s new East Coast Superchargers, that was published in The Times on Feb. 10. His broadest charge is that I consciously set out to sabotage the test. That is not so. I was delighted to receive the assignment to try out the company’s new East Coast Supercharger network and as I previously noted in no way anticipated – or deliberately caused – the troubles I encountered.
Aviation Carbon 2013
February 19-20, 2012
2013 Climate Leadership Conference
February 27-March 1, 2013
Wall Street Green Summit XII
March 18, 2013
Center for Architecture, New York
Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
RGGI Program Review Webinar Materials Released
On behalf of the states participating in the Regional Greenhouse Gas Initiative (RGGI), RGGI, Inc. facilitated a February 11, 2013 program review webinar. During the meeting, the Participating States reviewed the Updated Model Rule, released on February 7, 2013, and accompanying materials.
**Find materials here.
Public pays huge markup for carbon offsets, records show
Globe and Mail
School boards, hospitals and other public-sector entities in British Columbia are paying far higher prices for carbon offsets than is justified by the market, according to the financial records of the Pacific Carbon Trust.
U.K. Risks Blackouts Without Incentives for Natural Gas
The U.K. risks blackouts this decade unless it gives industry details soon about the capacity auctions intended to spur the development of new gas-fired power plants, the executives at Spain’s biggest utility said.
German government, states aim for deal on energy prices
Chancellor Angela Merkel’s government and Germany’s 16 federal states will try to agree in March on plans to limit energy price rises, Environment Minister Peter Altmaier said, providing the strongest sign yet that it might succeed in passing a law.
Exclusive: Foreign investors set to sue Spain over energy reform
Foreign investors in renewable energy projects in Spain have hired lawyers to prepare potential international legal action against the Spanish government over new rules they say break their contracts.
Canadian Pension-Backed Group Plans Wind Power for Prison
Partnerships for Renewables, backed with 100 million pounds ($155 million) of Canadian pension and infrastructure-fund money, will build as much as 500 megawatts of wind power at land owned by U.K. prisons and other bodies.
Munich Re Studies Wind-Farm Deal in $3.4 Billion Renewables Plan
Munich Re, the world’s biggest re- insurer, may buy a stake in an offshore wind farm operated by utilities such as EON SE and RWE AG as it earmarks 2.5 billion euros ($3.4 billion) to invest in renewable-energy assets.
Intel aims to make matches for wastewater heaven
For the past year, Intel has been doing its part to help make the perfect match. That is, in matching wastewater makers with wastewater users for the WaterMatch project.
The State of Green Business 2013 (Posted February 12, 2013)
Can the US Get There from Here? (Posted February 6, 2013)
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