In this edition, Carbon plan can pass with German backing-EU climate chief, reports Reuters. Two angles for China: Beijing’s toxic smog was years in the making, had many sources and China leads faster global energy efficiency gains-BP. In the nat gas space, Bloomberg reports U.K. Minister Expects Shale Tax Break Details in Spring.

Quote of the Day:

“The differences between countries in energy intensities have never been as small as they are today since the beginning of the industrial revolution and we see that trend continuing. We live in the most efficient world for the last 140 years I think.”

–BP Chief Economist Christof Ruhl in Reuters’ “China leads faster global energy efficiency gains-BP”

Lead Stories

Carbon plan can pass with German backing-EU climate chief
An EU executive plan to reduce a glut of carbon emissions allowances, which are trading close to record lows, can pass provided it gets German support, EU Climate Commissioner Connie Hedegaard said on Wednesday.

EU Commission’s Carbon Disclosure Draws Fire as Prices Fall
A lobby group representing traders from Royal Dutch Shell Plc (RDSA) to BNP Paribas criticized the quality of disclosure by the European Commission in Brussels when proposing rule changes to its carbon market.

Beijing’s toxic smog was years in the making, had many sources
Chinese leaders dazzled the world by clearing the skies as if by edict before the Beijing Summer Olympics in 2008. Fast forward to January 2013, and the government seems powerless against those same skies, tarnished by an opaque, toxic cloud that has smothered the city for nearly a week.

China leads faster global energy efficiency gains-BP
Accelerating global energy efficiency means fuel use is rising far slower than prosperity, largely because Chinese industrial development is increasingly energy efficient, a study by oil company BP Plc found.

Interior chief Salazar to step down; Obama remakes energy team
Interior Secretary Ken Salazar, who helped lead the government’s response to the largest offshore oil spill in U.S. history, said on Wednesday he will leave his post by the end of March to return to his Colorado ranch.

German Power Tumbles to Record Low as Solar Damps Demand
Power for 2014 delivery in Germany and France dropped to records as rising solar output is expected to cut demand for other electricity sources.

Ethanol Output in U.S. Falls 5.1% to Record Low, EIA Says
Ethanol production in the U.S. fell 5.1 percent last week to a record low of 784,000 barrels a day, U.S. Energy Information Administration data showed.

Why businesses are in danger by missing the climate cuts window
The window companies have to address climate change is rapidly closing, putting their operations increasingly at risk.

How Ford, Adidas are making climate change work in their favor
Last year was marked by tumultuous weather in the United States. It was the country’s hottest year on record, the wildfire season was the second-largest since the 1960s, a massive drought in the Midwest sent food prices soaring and Hurricane Sandy all but devastated towns along the East Coast. Globally, temperatures too soared, and Arctic sea ice melted quicker than ever recorded.


Aviation Carbon 2013
February 19-20, 2012

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


Ed Davey: UK companies support decarbonising target
The Guardian
A “vast majority” of companies in the UK want a government-set target on decarbonising the electricity sector, the Energy and Climate Secretary Ed Davey told MPs on Tuesday.

Natural Gas/Coal

U.K. Minister Expects Shale Tax Break Details in Spring
U.K. Energy Minister John Hayes expects details of the government’s proposed tax breaks for explorers of shale gas to be released in Spring.

Sydney more likely to become a hot spot for fracking, says Chief Scientist
The Age
FRACKING is more likely to take place during coal seam gas drilling near Sydney than in many other gas fields around Australia, according to an unpublished report from the NSW Chief Scientist that was commissioned by the state government.

Mining group criticizes reports on coal exports
The Hill’s E2 Wire
The head of a major mining trade group questioned reports that mining firms might be ducking federal royalty payments.

Oil-and-gas lobby sees ‘early breakthrough’ for offshore royalty bill
The Hill’s E2 Wire
The oil-and-gas industry’s top lobbyist said a discussed offshore energy revenue-sharing bill could be primed for an “early breakthrough” in the Senate.


Mitsubishi Corp buys stakes in four German offshore cables
Japan’s Mitsubishi Corp is investing 576 million euros ($769 million) in four German cables to connect offshore windfarms to the mainland, in a sign investors are warming to Germany’s shift towards renewable energy.

First turbine installed at 62MW Teesside offshore wind farm
Business Green
The UK’s burgeoning offshore wind far industry reached another milestone yesterday when EDF Energy Renewables confirmed it had completed the installation of the first 2.3MW turbine at its 62MW Teesside offshore wind farm.


U.K. Green Bank Plans to Allocate $4.8 Billion by 2015
The U.K. Green Investment Bank may allocate all of the 3 billion pounds ($4.8 billion) provided by the government to stimulate investment in clean technology by as early as 2015, Chief Executive Officer Shaun Kingsbury said.

Insight: How cleantech tarnished Kleiner and VC star John Doerr
In the spring of last year, John Doerr received some bad news: Miasole, the solar-panel maker backed by his famed venture capital firm, Kleiner Perkins Caufield & Byers, was on the verge of bankruptcy.


World Bank Says Red Sea-Dead Sea Water Pipeline Feasible
The World Bank has recommended building a pipeline from the Red Sea to the Dead Sea and a desalination plant to help stem the loss of water from the salty inland sea.

Romanian Vital Utility Seeks Bids for Water Network Upgrade
Vital SA, a Romanian water utility, is seeking bids to upgrade the sewage and water network in the northwestern county of Maramures as part of a contract valued at 30.6 million lei ($9 million).


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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