In this edition, market coverage centers on EU delay of a fast-track vote, covered here by Reuters. In gas markets, China grabs the spotlight, in Bloomberg’s China’s Shale Gas No Revolution as Price Imperils Output.
Quote of the Day:
“The Parliament’s support today can only be a first step towards reinforcing the ETS in the longer term. Policymakers must now turn their attention to addressing structural measures that can provide a clear pathway for carbon emissions reduction beyond the third trading period and up to 2050.”
–Hans ten Berge, secretary general of Eurelectric, which represents the electricity industry in Europe, in Reuters’ “EU parliament hesitates in drafting law for CO2 fix”
EU parliament hesitates in drafting law for CO2 fix
European lawmakers backed an emergency plan to save the world’s biggest market for carbon allowances from collapse on Tuesday, but put off drafting the necessary legislation, sending prices down by as much as 20 percent.
**RKB — Members of the environment committee gave their support to the plan by 38 votes in favor, 25 against and two abstentions but want time for wording, putting off fast-track market fix. Some note market had gained in anticipation of the vote going this way and sold off some today once vote came through.
EU lawmakers seeking to tighten cap-and-trade system to make carbon pollution more expensive
European lawmakers are proposing to tighten the bloc’s cap-and-trade system to make carbon dioxide pollution more expensive.
Working Out Kinks in the Cap-and-Trade Market
The California Report (Audio Link)
California’s cap-and-trade program to cut greenhouse gases resumes with its second auction of carbon allowances to industrial polluters. In addition to the state’s carbon footprint, billions of dollars are at stake. But some questions remain from the first auction.
China’s Shale Gas No Revolution as Price Imperils Output: Energy
China, consuming energy at the fastest pace among major economies, has set ambitious targets to exploit its reservoirs of shale gas, the same fuel the U.S. touts as the means to energy independence. It won’t meet them.
Climate change rally brings thousands to protest in Washington
Los Angeles Times
Climate activists descended on Washington, D.C., on Sunday in what organizers boasted was the largest climate-change rally in American history, claiming more than 35,000 attendees.
BMW Adds Wind Power to Sidestep Merkel’s Power Bill
Bayerische Motoren Werke AG will harness winds whipping across eastern Germany to secure power — and defend profits — as costs rise due to Germany’s 550 billion-euro ($740 billion) shift away from nuclear energy.
Poll reveals more Americans say they believe climate is changing
Mother Nature Network/Sacramento Bee
The percentage of Americans who believe the climate is changing has grown, and the majority of Americans support new regulations to reduce greenhouse gas emissions, according to a study from Duke University.
Influential climate science work remains under the radar
Inside Climate News
It is probably the most influential paper on climate science today. But few outside scientific circles even know it exists.
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
Natural Gas/Coal/Alternative Fuels
California ARB proposing amendments to Clean Fuels Outlet regulation to ensure adequate hydrogen fueling infrastructure
Green Car Congress
The California Air Resources Board (ARB) will conduct a public hearing in June to consider adopting amendments to the Clean Fuels Outlet (CFO) Regulation with the intention of ensuring an adequate hydrogen refueling infrastructure to support the introduction and growth of hydrogen-fueled vehicles.
Texas Fracker Accused of Bully Tactics Against Foes
When a Texas landowner took his fear that a gas driller had poisoned his well to federal regulators, the company, Range Resources Corp., turned around and sued him for conspiring “to harm Range.”
PGE, Energa Agree to Buy Wind Assets From Dong for $320 Million
PGE SA, Poland’s largest power producer, and domestic peer Energa SA agreed to buy wind assets in the country from Dong Energy A/S for 1 billion zloty ($320 million) as they replace aging coal plants with cleaner energy.
Solar industry grapples with hazardous wastes
Homeowners on the hunt for sparkling solar panels are lured by ads filled with images of pristine landscapes and bright sunshine, and words about the technology’s benefits for the environment — and the wallet.
Atlantis Wins Grant to Test Ocean Turbine in Bay of Fundy
Atlantis Resources Corp., a London- based ocean-turbine maker, won $5 million from the Canadian government to build and install a machine at the Fundy Ocean Research Centre for Energy test site in the Bay of Fundy.
Conergy Wins Solar Order at Tunisian Desalination Plant
Conergy AG, a German solar company, won an order from Japanese contractor Takaoka Engineering Co. Ltd. for a solar installation at a water desalination plant in southern Tunisia. No terms were disclosed.
Philippines Plans $2.46 Billion of Water Projects, Inquirer Says
The Philippines’ Metropolitan Waterworks and Sewerage System is planning 100 billion pesos ($2.46 billion) of projects this year, the Philippine Daily Inquirer reported, citing MWSS Administrator Gerardo Esquivel.
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