Summary

In today’s edition, Europe wants to revive carbon spot trading with a new market, the European Environmental Markets (EEM), an exchange platform for spot transactions of European Union Allowances (EUAs) and Certified Emissions Reductions (CERs). Also, the effects of Co2’s heat-trapping are measured for the first time. And finally, according to a Reuters/IPSOS poll, a majority of Americans say combating climate change is a moral issue that obligates them – and world leaders – to reduce carbon emissions. 

Quote of the day

“We feel very confident that this technology is available. We feel very confident that the use of CCS technology—at the levels we’re proposing—will leave a viable option for coal to continue to be a part of the future.”

Environmental Protection Agency Administrator Gina McCarthy, in the Bloomberg News’ story McCarthy Defends Viability of Carbon Capture Technologies Before House Energy Panels (in the Carbon section)

Lead stories

Most Americans see combating climate change as a moral duty: Survey
Reuters  
A significant majority of Americans say combating climate change is a moral issue that obligates them – and world leaders – to reduce carbon emissions, a Reuters/IPSOS poll has found.
http://jlne.ws/1zMn44z

The Keystone XL debate shows how radically climate politics has shifted since 2008
By Brad Plumer – Vox.com
The fight over the Keystone XL pipeline has been raging for so long it seems almost routine at this point. 
http://jlne.ws/1E2DufI

New European Carbon Exchange Bets On Revival Of Spot Trading
By Kelley Hamrick – Ecosystem Marketplace
Watch out, European compliance traders – there’s a new player in town. 
http://jlne.ws/1E2AHTQ 

Manufacturers: Even with costs halved, ozone reg could still be most expensive
By Lydia Wheeler – The Hill
Though a new study commissioned by the National Association of Manufacturers cuts the compliance cost of the Environmental Protection Agency’s new ozone standards by half, the trade group said the proposed rule could still be the nation’s most costly. 
http://jlne.ws/1Afdxlv

Bipartisan Senate duo pushes for repeal of ethanol mandate
By Laura Barron-Lopez – The Hill
A bipartisan Senate duo is pushing to repeal a a piece of the renewable fuel mandate that requires refiners to blend a certain amount of ethanol into the nation’s fuel supply. 
http://jlne.ws/1E2DMn0

Heat-Trapping Effects of CO2 Measured in Nature for First Time 
Yale Environment 360
Scientists have long understood how carbon dioxide traps heat in the atmosphere and contributes to global warming, but the phenomenon had not been directly documented at the earth’s surface outside of a laboratory — until now. 
http://jlne.ws/1zLdDCB

Events

Navigating the American Carbon World (NACW) 2015
North America’s premier conference on climate policy and carbon markets
Presented by the Climate Action Reserve
April 28-30, 2015
Los Angeles, California 
http://jlne.ws/1F1ycOT 

Carbon

McCarthy Defends Viability of Carbon Capture Technologies Before House Energy Panels 
By Anthony Adragna – Bloomberg News
Carbon capture and sequestration technologies are available and will provide a path forward for the construction of new coal-fired power plants in the U.S., Environmental Protection Agency Administrator Gina McCarthy said Feb. 25. 
http://jlne.ws/1BF6Gcs

Green Assets and Middleton Place awarded first-of-its-kind Carbon Offset Credits 
Nassau News Live
Green Assets, Inc., a leading forest carbon offset developer, announced today the completion of the first-ever compliance-grade Avoided Conversion carbon offset project in the United States. 
http://jlne.ws/1MXv3F8

California-Quebec Carbon Sells Out as Market Expands to Fuel
By Lynn Doan – Bloomberg
California and Quebec, which together run North America’s biggest carbon market, sold out of greenhouse-gas allowances at $12.21 each, about a dime above the minimum price set.
http://jlne.ws/1vEVBFx

Netherlands hands out 46 million free carbon allowances to industry 
Reuters
The Netherlands has begun distributing this year’s quota of free carbon permits to industry, the Dutch Emissions Authority (NEA) said on Thursday. 
http://jlne.ws/1DxKrCU

Tropical deforestation rate up by 62% says study contradicting UN estimates of slowdown
By Jayalakshmi K – International Business Times
Tropical deforestation increased by 62% over the last two decades and did not decrease as assessed by the UN, says a new study spanning the entire tropics. 
http://jlne.ws/1at3y7q

Natural gas / coal 

Dems introduce bill to help ‘clean coal’
By Timothy Cama -The Hill
A pair of moderate Democratic senators introduced a bill Thursday that would increase federal support for “clean coal” technology. 
http://jlne.ws/1wtMHvn

Greens petition California to ban fracking
By Timothy Cama – The Hill
Dozens of environmental groups filed a legal petition Thursday asking California Gov. Jerry Brown (D) to ban hydraulic fracturing for oil and natural gas in the state. 
http://jlne.ws/1vEWApo

Texas shale boom town ‘hurting bad’ in oil slump
By Barney Jopson – Financial Times
Two young women circulate around a bar in Carrizo Springs, drawing stares and chatting to oilfield workers.
http://jlne.ws/1GyJElO

Rio Tinto energy chief’s job cut may signal coal exit 
By Sonali Paul and Silvia Antonioli – Reuters
In its latest effort to slash costs as commodity prices fall, Rio Tinto is letting go its energy chief and rolling its coal and uranium businesses into two other units, a move that could signal its intention to divest its coal assets. 
http://jlne.ws/1Dz2pF2

Ukraine sends small prepayment for Russian gas 
By Pavel Polityuk and Olesya Astakhova – Reuters
Ukraine has sent a small prepayment of $15 million to Russia for March natural gas deliveries, energy officials from the two sides said on Friday, after Moscow threatened to cut off supply. 
http://jlne.ws/1G0Cv0a

Lithuania looks to U.S. for gas imports 
Reuters
Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation’s dependence on Russia.
http://jlne.ws/17DllqU

Power

Green energy auction sets stage for cheaper solar and wind power
By Pilita Clark – Financial Times
Close to 30 UK green energy schemes have been awarded a subsidy pot worth nearly £4bn in a government auction that has set the stage for a big fall in solar electricity prices and much cheaper wind power. 
http://jlne.ws/1BF7QVg

Giant turbines driving down offshore wind costs, study finds
By Will Nichols – BusinessGreen 
Energy from offshore wind farms is almost 11 per cent cheaper than three years ago, putting the industry well on course to meet government cost-cutting targets. 
http://jlne.ws/1BkDYvO

By the Time You Read This, They’ve Slapped a Solar Panel on Your Roof
By Eric Roston – Bloomberg News
Solar is so cheap, the problem now is how to pay for it.
http://jlne.ws/1AzilXR

Google’s big new solar investment
By David R. Baker – SFGate 
Google will invest $300 million to help SolarCity install solar panels on 25,000 homes in the search giant’s largest renewable power deal to date, the two companies reported Thursday.
http://jlne.ws/1E2EYGO

England’s largest onshore wind farm opens
BusinessGreen
England’s largest wind farm, a 68MW installation in Lincolnshire, was this afternoon opened by Energy and Climate Change Secretary Ed Davey. 
http://jlne.ws/1E2FTa9

Clean tech

Innovate UK aims to catalyse energy R&D with £24.5m funding round
BusinessGreen 
Government-backed technology agency Innovate UK has this week dished out its latest round of funding to early-stage energy technology firms, dividing £24.5m between 40 firms as part of its Energy Catalyst initiative. 
http://jlne.ws/1EwmSvU

Miscellaneous

Solar lights a healthy – and empowering – path in disasters 
By Marianne Lavelle – The Daily Climate
When disaster strikes, survivors have a few basic needs: food, water, shelter, blankets. But energy quickly becomes just as fundamental a need – and that is often lacking, or very dirty.
http://jlne.ws/1zMmSlP

Without Racial Diversity, Do Enviros Risk Becoming Marginalized?
By Alison Hawkes – BayNature
The environmental movement has been described as one of the most segregated sectors of American society.
http://jlne.ws/1at10q5

 

 

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