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”

Lead Stories

EU parliament hesitates in drafting law for CO2 fix
Reuters
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.
http://jlne.ws/XnEzoK
**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
AP
European lawmakers are proposing to tighten the bloc’s cap-and-trade system to make carbon dioxide pollution more expensive.
http://jlne.ws/XnFkyd

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.
http://jlne.ws/WNsk6E

China’s Shale Gas No Revolution as Price Imperils Output: Energy
Bloomberg
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.
http://jlne.ws/XjlwPs

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.
http://jlne.ws/11TKWYB

BMW Adds Wind Power to Sidestep Merkel’s Power Bill
Bloomberg
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.
http://jlne.ws/Y7HbIP

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.
http://jlne.ws/UEWUkx

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.
http://jlne.ws/W2j1TI

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/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.
http://jlne.ws/132D2eN

Texas Fracker Accused of Bully Tactics Against Foes
Bloomberg
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.”
http://jlne.ws/Y4y25B

Power

PGE, Energa Agree to Buy Wind Assets From Dong for $320 Million
Bloomberg
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.
http://jlne.ws/W2ml0X

Solar industry grapples with hazardous wastes
AP
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.
http://jlne.ws/YlfQAI

Atlantis Wins Grant to Test Ocean Turbine in Bay of Fundy
Bloomberg
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.
http://jlne.ws/ZeB9Xt

Water

Conergy Wins Solar Order at Tunisian Desalination Plant
Bloomberg
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.
http://jlne.ws/XLx762

Philippines Plans $2.46 Billion of Water Projects, Inquirer Says
Bloomberg
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.
http://jlne.ws/ZeB32g

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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