In this edition, some potentially major market news in Reuters’ Irish EU presidency aims to seal carbon market deal and Bloomberg’s Cuomo Proposes Lower Carbon Cap for Northeast Cap-and-Trade Plan. And some political speculation in USA Today’s EPA head calls climate-change shift a proud milestone and’s
Who will serve on Obama’s second-term green team?             


Quote of the Day:

“Americans are back to believing that something is happening with our climate and that mankind has a role to play in that. These are not natural phenomena. One of the questions everyone is asking themselves is whether the U.S. House of Representatives is actually going to reflect the will of the people on a lot of these issues, and the will of the people is awfully clear.”

–Outgoing EPA Head Lisa Jackson in USA Today’s “EPA head calls climate-change shift a proud milestone”

Lead Stories

Cuomo Proposes Lower Carbon Cap for Northeast Cap-and-Trade Plan
New York Governor Andrew Cuomo proposed lowering the total amount of carbon dioxide that companies may emit under a regional cap-and-trade program to regulate air pollution.
**RKB — Just a mention in the State of the State; the cap is currently 165 million tons a year and Cuomo didn’t say by how much it should be cut.

Irish EU presidency aims to seal carbon market deal
Ireland, holder of the EU presidency for the next six months, is working with opponents of a proposal to boost the European Union’s carbon market in hopes of brokering a compromise, Environment Minister Phil Hogan said on Tuesday.

EPA head calls climate-change shift a proud milestone
USA Today
As she prepares to step down from her position as administrator of the Environmental Protection Agency, Lisa Jackson said she is proudest of presiding over the landmark finding that climate-changing greenhouse gases endanger public health and welfare.

Who will serve on Obama’s second-term green team?                      
Much of President Obama’s green team is moving on to greener pastures. EPA Administrator Lisa Jackson announced last month that she’ll be retiring soon, and Energy Secretary Steven Chu is expected to follow suit. Interior Secretary Ken Salazar is said to be mulling over his future. Transportation Secretary Ray LaHood appears to be undecided as well, and there’s a chance that Agriculture Secretary Tom Vilsack could leave.

Chinese Firm Buys U.S. Solar Start-Up
The New York Times
Just a few years ago, Silicon Valley investors were pouring money into solar technologies and talking about how they would bring the same kind of innovation to green energy that they had to the computer chip.
**RKB — More deals in the Power section below.

Study: Fixing climate change will take new energy tools
USA Today
The task is more difficult now than just a few years ago, a new study says, citing the recent surge in global greenhouse-gas emissions. Its co-author proposes eliminating emissions altogether by 2060.

America’s oil imports to hit 25-year low by 2014
Speaking of records, the United States is on pace to see its lowest oil imports in 25 years by 2014.                           

UN climate experts deny secrecy after new leak
The U.N. panel of climate scientists has rejected criticism that it is too secretive after a blogger sceptical about global warming published a leaked draft on Tuesday of one of its massive reports.

European Union has to crack down on diesel -officials
The European Union must cut emissions from diesel vehicles as part of its efforts to reduce air pollution, which is causing close to half a million premature deaths per year, EU officials said on Tuesday.


Aviation Carbon 2013
February 19-20, 2012

2013 Climate Leadership Conference
Washington D.C.
February 27-March 1, 2013


European Carbon May Decline to Record as Glut Expands
European Union emission permits are poised to drop to a record in the first half as member states in the world’s largest carbon market fail to diminish the biggest- ever glut.

California Ratepayers to Receive Cap-and-Trade Dividend
AOL Energy
California regulators will direct the state’s largest utilities to return 85% of cap-and-trade proceeds to ratepayers. The move, which comes about a month after the successful completion of California’s first carbon allowance auction, aims at offsetting higher electricity costs resulting from the cap-and-trade program, by providing a “climate dividend” on utility bills.

Carbon credits yield AP ryots a fortune
The Times of India
In 2007, P Narsimharaju of Garudabili had never heard of carbon credits. Neither had he heard of earning revenue by just growing trees. Unable to capitalise on the 60 acres of degraded land that he owned in Anantagiri Mandal of Visakhaptnam district, Narsimharaju was facing an uncertain future.

Natural Gas/Coal

Iran denies home-produced fuel contributing to pollution crisis
Iran’s state-owned oil refining company denied on Wednesday that poor quality, domestically-produced fuel is contributing to Tehran’s worsening pollution crisis, saying that its gasoline met refining standards.


U.S. Gives a Late Reprieve to Wind Power Developers
The New York Times
Last week, global wind turbine manufacturers heaved a sigh of relief after the U.S. government extended a tax credit considered crucial to the industry.

Google Invests $200 Million in 161-Megawatt Texas Wind Farm
Google Inc. (GOOG) said it invested $200 million in a wind farm in west Texas, adding to the list of renewable-energy investments the Internet-search company has made since 2010.

Showa Shell, DBJ Agree to Invest in Solar Projects in Japan
Showa Shell Sekiyu K.K. (5002), the Japanese refining unit of Royal Dutch Shell Plc (RDSA), and Development Bank of Japan (8301) Inc. agreed to set up a venture to finance utility-scale solar power plants in Japan.

First Solar Buys Project Developer Solar Chile
First Solar Inc. (FSLR), the biggest maker of thin-film solar products, bought a Chilean developer planning 1,500 megawatts of photovoltaic power projects as the U.S. company seeks to expand into Latin America.


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

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