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
Reuters
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.
http://jlne.ws/13GdtOg

EU Commission’s Carbon Disclosure Draws Fire as Prices Fall
Bloomberg
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.
http://jlne.ws/VoQ9BV

Beijing’s toxic smog was years in the making, had many sources
Reuters
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.
http://jlne.ws/VoS2OW

China leads faster global energy efficiency gains-BP
Reuters
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.
http://jlne.ws/SNIgb4

Interior chief Salazar to step down; Obama remakes energy team
Reuters
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.
http://jlne.ws/1007ZdF

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

Ethanol Output in U.S. Falls 5.1% to Record Low, EIA Says
Bloomberg
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.
http://jlne.ws/SNG03z

Why businesses are in danger by missing the climate cuts window
GreenBiz.com
The window companies have to address climate change is rapidly closing, putting their operations increasingly at risk.
http://jlne.ws/UvipBI

How Ford, Adidas are making climate change work in their favor
GreenBiz.com
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.
http://jlne.ws/SNKvLh

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

Carbon

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.
http://jlne.ws/W1L7vC

Natural Gas/Coal

U.K. Minister Expects Shale Tax Break Details in Spring
Bloomberg
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.
http://jlne.ws/WgAOBy

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.
http://jlne.ws/SNLxqI

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.
http://jlne.ws/US1zLB

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.
http://jlne.ws/13GgI8v

Power

Mitsubishi Corp buys stakes in four German offshore cables
Reuters
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.
http://jlne.ws/U2SORG

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.
http://jlne.ws/VoUlSf

CleanTech

U.K. Green Bank Plans to Allocate $4.8 Billion by 2015
Bloomberg
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.
http://jlne.ws/10ARjiG

Insight: How cleantech tarnished Kleiner and VC star John Doerr
Reuters
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.
http://jlne.ws/URZVtk

Water

World Bank Says Red Sea-Dead Sea Water Pipeline Feasible
Bloomberg
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.
http://jlne.ws/VLDppU

Romanian Vital Utility Seeks Bids for Water Network Upgrade
Bloomberg
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).
http://jlne.ws/10f4Viz

Reports

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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