In today’s edition, the presidential veto on the Keystone pipeline – as expected – and also, the fact – unexpected, this time – that the European carbon market reform will be set for 2019. Also, more news to come, as industrialized countries start unveiling climate-change strategies this week.
Quote of the day
“We still believe that this reform should come sooner rather than later. However, the compromise deal does represent a significant improvement on the suggested start date of 2021. We have ensured that the number of backloaded and unallocated allowances will be reduced and won’t be returned to the market, which would lead to further destabilisation.”
UK’s Labour MEP Seb Dance, in the Guardian’s story European carbon market reform set for 2019
Industrialized Countries To Start Unveiling Climate-Change Strategies This Week
By Steve Zwick – Ecosystem Marketplace
If you search for “INDC” on Google News, you’ll end up learning more about what’s happening “in DC” (the US Capitol) than you will about the “Intended Nationally-Determined Contributions” that are the linchpin of a new approach to fixing the global climate mess – and that’s a shame, because transparency is a major selling point of INDCs, which are the concrete, specific proposals that developed countries are submitting to the United Nations Framework Convention on Climate Change (UNFCCC) through the end of March, with developing countries being given until June.
Obama Vetoes Bill Pushing Pipeline Approval
By Michael D. Shear and Coral Davenport – The New York Times
President Obama on Tuesday rejected an attempt by lawmakers to force his hand on the Keystone XL oil pipeline, using his veto pen to sweep aside one of the first major challenges to his authority by the new Republican Congress.
Read Obama’s Keystone veto statement
President Obama on Tuesday vetoed legislation authorizing construction of the Keystone XL oil sands pipeline, rebuffing the new Republican Congress amid a furious battle over Homeland Security funding.
European carbon market reform set for 2019
By Arthur Neslen – The Guardian
Reforms to strengthen the EU’s flagship policy for cutting carbon, the emissions trading scheme (ETS), will start at the end of 2018 following a vote by MEPs on Tuesday.
***LB: Also in this story “Under the new compromise proposal, around 1.6bn surplus allowances will be taken off the market and put into a market reserve, two years ahead of the commission’s preferred timetable.”
The case exists for forging an energy union in Europe
At a time when the EU faces challenges on many fronts, embarking on a new integration project may seem a step too far. But the European Commission’s launch this week of a blueprint for a future energy union is more than a vanity exercise.
EU’s energy union must overcome serious obstacles
By Fiona Harvey – The Guardian
Proposals to be unveiled on Wednesday by the European commission to bring together the energy systems of member states into a single “energy union” represent the most ambitious attempt to date at harmonising energy networks across borders.
Brussels Seeks a Bigger Say in EU Members’ Energy Talks With Russia
By Gabriele Steinhauser – The Wall Street Journal
The European Union’s executive arm is planning new legislation as early as next year that would require national governments to give it a bigger say in negotiations with Russia on gas and nuclear-fuel supplies, according to documents seen by The Wall Street Journal.
How climate Adaptation Experts Help Companies Prepare for Disaster
By Amy Westervelt – Climate Confidential
In 2008, floods in Thailand forced the temporary closure of four Nike factories, costing the company millions of dollars.
Goldman Seeks to Raise Fund to Buy Energy Sector Debt
By William Alden – The New York Times
Wall Street money helped fuel the North American energy boom in recent years. Now that oil prices have collapsed, Wall Street is again looking for ways to profit.
***LB: Also in this story “Goldman Sachs is seeking to raise capital from wealthy individuals and other investors for a new fund to invest in the debt of troubled companies in the energy sector, according to confidential marketing materials obtained by DealBook.”
Planning the world’s largest protected area
Colombia’s president Manuel Santos announced a plan to establish the world’s largest protected area, covering an area almost four times the size of Germany.
Bloomberg and Genscape to Add Deeper Analysis For Global Commodity Markets
New York –Genscape and Bloomberg have announced today that the two companies will work together to include a selection of the proprietary, real-time Genscape commodity data through the Bloomberg Professional service.
2015 Climate Leadership Conference
ACCO, EPA, The Climate Registry, C2ES
February 25, 2015
Ritz-Carlton Pentagon City (Arlington, VA)
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
Focus legislative energy on a national carbon policy, not Keystone XL
Editorial – The Washington Post
Climate change warriors of all stripes were focused on the White House on Tuesday, where President Obama vetoed a bill that would have authorized construction of the Keystone XL pipeline.
Santander ditches APRIL over alleged rainforest clearance
By James Murray – BusinessGreen
Banking giant Santander has confirmed it will not renew funding to controversial pulp and paper company Asia Pacific Resources International Limited (APRIL), following fresh allegations the company is involved in deforestation in South East Asia.
UK joins international carbon capture testing network
By Will Nichols – BusinessGreen
The UK has joined an international network of carbon capture and storage (CCS) testing centres spanning Norway, Canada, Germany, and the US.
Natural gas / coal
EU courts Azerbaijan and Turkmenistan gas as Russian links sour
By Christian Oliver – Financial Times
The EU is stepping up a charm offensive in Azerbaijan and Turkmenistan as relations with Russia worsen, in a drive to put the gas-rich but politically sensitive countries at the heart of the bloc’s energy strategy.
Microsoft experiments with taking energy-sucking data centers off the grid
By David Ferris – E&E
At a lab in Southern California, Microsoft is trying out a radically different way to power the data center, one of the most energy-hungry kind of buildings there is.
Wave and tidal industry warns funding push needed to navigate choppy waters
By James Murray – BusinessGreen
The UK could consolidate its position as a global leader in the emerging wave and tidal industry, but only if steps are taken to strengthen the funding and policy regime under which developers operate.
OECD: Green Investment Bank should fund emerging clean tech
By Will Nichols – BusinessGreen
The Green Investment Bank should finance early stage renewable energy technologies to ensure they can make a cost-effective contribution to Britain’s energy sector, the OECD has said.
Tesla’s forgotten co-founder wants to electrify America’s garbage trucks
By John McDuling – Quartz
Ian Wright was one of the five original founders of Tesla Motors, so he knows a thing or two about electric vehicles.
House passes bill to study algal toxins in drinking water
By Cristina Marcos – The Hill
The House passed legislation on Tuesday directing the Environmental Protection Agency to study how to test drinking water for algal toxins.
Science and Economics Mix With Water in New Wetlands Research Project
Water will soon return to selected drained wetlands in Alberta, thanks to an innovative research project supported in part by a $390,000 investment by Alberta Innovates Bio Solutions.
Winter is costing U.S. at least $5 billion, analysts say
By Andrew Freedman – Mashable
With yet another winter storm marching across the U.S. Monday, this time coating large parts of the South in a thick glaze of ice, along with more frigid, record-breaking temperatures in New York and Boston, the epic winter of 2014-15 marches on.
On Rajendra Pachauri’s Resignation from the U.N. Climate Panel
By Andrew C. Revkin – The New York Times
Rajendra K. Pachauri, the chairman of the Intergovernmental Panel on Climate Change since 2002, resigned today amid allegations of sexual harassment by a 29-year-old female employee of the Indian energy institute he has long run.
Spy cables: Greenpeace head targeted by intelligence agencies before Seoul G20
By Seumas Milne and Ewen MacAskill – The Guardian
The head of Greenpeace International, Kumi Naidoo, was targeted by intelligence agencies as a potential security threat ahead of a major international summit, leaked documents reveal.