In this edition, a U.S. holiday limits its news, leaving focus on Europe and its carbon market. The WSJ catches up with the latest pricing picture, a reflection of policy uncertainty that includes quotes from Poland and trader perspective. Speaking of trader, a Dutch desk throws in the towel, covered by Bloomberg’s Mabanaft Quits Carbon Trading Business Due to ‘Poor’ Conditions.

Quote of the Day:

“The ETS was designed as a market mechanism. I believe that it should continue to be operated based on market rules.”

–Polish Environment Minister Marcin Korolec in The Wall Street Journal’s “EU Emissions Program Hit as Prices Drop”

Lead Stories

EU Emissions Program Hit as Prices Drop
The Wall Street Journal
Europe’s flagship effort to limit greenhouse-gas emissions faces an existential threat as the price of emissions has fallen dramatically, eroding an incentive for industries to pollute less and forcing policy makers to weigh environmental priorities against economic concerns.
http://jlne.ws/WIwtc8

EU businesses, investors urge MEPs to support emissions ‘backloading’
Platts
A group of 30 major EU businesses and a group of leading institutional investors have separately called on members of the European Parliament’s environment committee to support plans to shore up the EU carbon price by “backloading” emissions allowances.
http://jlne.ws/YCoLOU

EU urged to revive flagging emissions trading scheme
Guardian
Investors and a group of large businesses have urged the EU to revive its flagging emissions trading scheme (ETS), ahead of a key vote in the European parliament next week.
http://jlne.ws/YCoY4H

Mabanaft Quits Carbon Trading Business Due to ‘Poor’ Conditions
Bloomberg
Mabanaft BV, the Rotterdam-based commodities trader, closed its carbon trading desk because of “poor market conditions” and will shift its portfolio of emissions-cutting projects to another company within its parent.
http://jlne.ws/12ZKtmJ

Dems hold fire on climate votes
The Hill’s E2 Wire
Congressional Democrats will not commit to forcing votes on major climate change bills, even as they try to build political momentum behind President Obama’s promise to make global warming a second-term priority.
http://jlne.ws/UwutVY

German car plans would breach EU carbon goal- Commission paper
Reuters
Germany’s tactics to safeguard its output of big, luxury cars threaten a planned target for European Union limits on vehicle carbon emissions by 2020 and could also jeopardise any future ambitions, a document from the bloc’s executive said.
http://jlne.ws/YC14q3

German power market paralysed by subsidised renewables
Reuters
Germany’s wholesale power market is teetering as long-term prices trade near eight-year lows and September elections dim hopes for any speedy reform of renewable subsidies blamed for overcapacity and weak utilities’ margins.
http://jlne.ws/Zn3e2E

Arctic needs protection from resource rush as ice melts: U.N. body
Reuters
The Arctic needs to be better protected from a rush for natural resources as melting ice makes mineral and energy exploration easier, the United Nations‘ Environment Programme (UNEP) said.
http://jlne.ws/UzCGZs

Events

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

COLUMN-U.S. refiners focus on exporting to Latin America: Kemp
Reuters
Most analysts still write about the U.S. fuel market as if it were a closed system, with refiners importing crude to meet domestic needs and bringing in some extra gasoline from Europe to meet peak demand during the summer driving season.
http://jlne.ws/12ZkFqW

German doubts about fracking could prove costly
Bloomberg
Opposition from Germany’s powerful environmental lobby is dimming prospects for shale gas and sparking fears that major industries in Europe’s largest economy will lose out to U.S. rivals tapping cheaper energy.
http://jlne.ws/XkF2rD

Politics hamper bid to unlock French coal mine gas riches
Reuters
After slamming the door on developing shale gas over environmental concerns, France has discovered there could be at least five years worth of another cheap-to-produce gas in the former coal mining region of Lorraine.
http://jlne.ws/WHK43A

Power

Argentina Heads for Solar Surge With Incentives
Bloomberg
Argentina, which along with Venezuela has the least renewable energy in Latin America, is set to expand solar capacity as much as 35-fold as the government plans its first incentives for individual projects.
http://jlne.ws/VAOlJ2

Showa Shell Seeks to Lead Solar Market Amid Japan Incentives
Bloomberg
Showa Shell Sekiyu K.K., the Japanese refining unit of Royal Dutch Shell Plc, plans to become a global leader in solar-cell output as it diversifies to benefit from clean-energy subsidies.
http://jlne.ws/YiAKQY

China Gogreen to Develop $115 Million of Solar Power Plants
Bloomberg
China Gogreen Assets Investment Ltd., a Hong Kong-based investment company, plans to invest 720 million yuan ($115 million) to develop solar power projects in the Xuchang city in China’s Henan province.
http://jlne.ws/151MY6C

CleanTech

Why Unilever is not BP
GreenBiz.com
In 1997 BP had a big idea that could change the world. “Beyond Petroleum” was a radical, disruptive move in the oil industry. By announcing it, CEO Lord John Browne acknowledged climate change and committed the company to managing carbon and exploring alternative energy.
http://jlne.ws/152aJLN
**RKB — This is written by a marketing firm that represents Futerra; interesting nonetheless.

Reports

The State of Green Business 2013 (Posted February 12, 2013)
GreenBiz.com
http://jlne.ws/12K3WYL

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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