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)
Most Americans see combating climate change as a moral duty: Survey
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
Netherlands hands out 46 million free carbon allowances to industry
The Netherlands has begun distributing this year’s quota of free carbon permits to industry, the Dutch Emissions Authority (NEA) said on Thursday.
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.
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.
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.
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.
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.
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.
Lithuania looks to U.S. for gas imports
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.
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.
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.
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.
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.
England’s largest onshore wind farm opens
England’s largest wind farm, a 68MW installation in Lincolnshire, was this afternoon opened by Energy and Climate Change Secretary Ed Davey.
Innovate UK aims to catalyse energy R&D with £24.5m funding round
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.
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.
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.