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.

EU businesses, investors urge MEPs to support emissions ‘backloading’
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.

EU urged to revive flagging emissions trading scheme
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.

Mabanaft Quits Carbon Trading Business Due to ‘Poor’ Conditions
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.

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.

German car plans would breach EU carbon goal- Commission paper
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.

German power market paralysed by subsidised renewables
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.

Arctic needs protection from resource rush as ice melts: U.N. body
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.


Aviation Carbon 2013
February 19-20, 2012

2013 Climate Leadership Conference
Washington D.C.
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

Natural Gas/Coal

COLUMN-U.S. refiners focus on exporting to Latin America: Kemp
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.

German doubts about fracking could prove costly
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.

Politics hamper bid to unlock French coal mine gas riches
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.


Argentina Heads for Solar Surge With Incentives
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.

Showa Shell Seeks to Lead Solar Market Amid Japan Incentives
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.

China Gogreen to Develop $115 Million of Solar Power Plants
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.


Why Unilever is not BP
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.
**RKB — This is written by a marketing firm that represents Futerra; interesting nonetheless.


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)
World Bank

Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication

View all reports >

Pin It on Pinterest

Share This Story