We’re signing off for a few days with this, our final edition of 2013. We’ll be back on January 2, 2014. Warmest wishes to our readers and their families for a happy, healthy, prosperous new year.
In today’s edition, summaries of the carbon and solar markets, plus detailed looks at California and China carbon trading, and the EU’s supply fix.
Quote of the Day:
“California has achieved a strong, transparent carbon price, and we have created a model for the world to follow. We have shown that sending a strong signal to the marketplace can reduce pollution and spur better investment planning and economic growth.”
–California State Sen. Fran Pavley, the author of the state’s landmark 2006 law designed to combat global warming, in Reuters’ “ANALYSIS-Strong start for California carbon market, but challenges loom”
2013: The Year In Voluntary Carbon
Perhaps it is fitting that 2013 was the Year of the Snake, as the carbon markets certainly endured plenty of twists and turns over the past 12 months. For carbon market advocates, the year got off to a troublesome start as the grandfather of compliance trading programs, the European Union Emissions Trading Scheme (EU ETS), dropped to a record low. But by the end of 2013, positive developments on the compliance front in certain jurisdictions, namely California and China, as well as the continuing commitment of voluntary buyers to invest in attractive projects, sustains hope for expansion in 2014 and beyond.
U.S. solar’s record-breaking year
“Without a doubt, 2013 will go down as a record-shattering year for the U.S. solar industry,” said Rhone Resch, CEO of the Solar Energy Industries Association, as he announced results for the third quarter (Q3).
ANALYSIS-Strong start for California carbon market, but challenges loom
As the clock winds down on the first year of California’s carbon trading market for reducing greenhouse gas emissions, state officials say they have a lot to celebrate.
The Second-Largest Carbon Market In The World Just Opened In China
On Thursday China began trading in Guangdong’s carbon permit market, which is expected to be the world’s second-largest market after the European Union in terms of carbon dioxide emissions covered. It is far larger than either the Australian or Californian emissions trading schemes.
ICAP Says EU Carbon Supply Fix Is Blunt, Needs Central Overseer
Paul Newman, managing director of ICAP Energy in London, comments on EU carbon market.
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
Cyprus could raise 80m euro from carbon credits
Over the course of the next seven years (2014 to 2020), Cyprus may raise some 80m euro from the auctioning off of carbon credits, minister of agriculture and the environment Nicos Kouyialis said yesterday.
Australia Picks Panel to Help Set Emission Baselines, Penalties
Australia, the world’s second-biggest coal exporter, has picked more than a dozen industry representatives and academics to help set baselines, credits and possible penalties designed to reduce emissions.
RWE Said to Drop Two Coal-Fired Power Contracts
RWE AG (RWE), Germany’s biggest electricity producer, plans to drop at least two long-term contracts to buy wholesale power because of sagging energy demand, two people familiar with the matter said.
Australia approves coal port near Great Barrier Reef
The Christian Science Monitor
Environmentalists fear that approval for one of the world’s largest coal ports and an associated dredging operation to create a ‘shipping super-highway’ will cause severe damage to Australia’s Great Barrier Reef.
Natural gas production surges in Pennsylvania
The Christian Science Monitor guest blogger
As natural gas production soars at the Marcellus Shale, Pennsylvania may be the second-biggest gas-producing US state by the end of the year, according to the US Energy Information Administration.
Asia-Pacific to drive PV demand in 2014
NPD Solarbuzz/Climate Spectator
Solar PV demand in 2014 will be dominated by the Asia-Pacific (APAC) region, which will account for about 50 per cent of all new solar PV demand next year, according to NPD Solarbuzz.
Siemens to Supply $2.6 Billion U.S. Offshore Wind Plant
Siemens AG (SIE), Europe’s biggest engineering company, agreed to supply turbines to the $2.6 billion Cape Wind project, the first offshore wind farm planned in the U.S.
Europe’s highest court fuels doubt over French wind tariffs
Europe’s highest court said on Thursday subsidies to encourage wind power in France had not been properly flagged to the European Union as state funding, prompting calls from the French wind industry for a new, more legally-sound funding system.
Tata Power Wins Approval to Postpone Solar Target to 2016
Tata Power Co. (TPWR) won approval from an Indian state electricity regulator to postpone fulfillment of annual solar-power procurement targets by as many as five years to 2016.
Morgan Stanley to advise Verbund on French plants-source
Austrian energy group Verbund has hired Morgan Stanley to advise on the potential sale of two gas-fired power plants in France, a source familiar with the matter said on Thursday.
Data centre array to offer ‘green cloud’
Data centre service provider NextDC has turned on its solar array on its M1 data centre in Melbourne which will offer customers the option of 100 per cent renewable energy, an Australian first, the company says.
Google, Microsoft top list of 2013’s most buzzed-about companies
In a particularly newsworthy year for sustainability, Google, Microsoft, Tokyo Electric Power, Wal-Mart and BP led the pack in coverage related to green business issues.
California takes aim at ‘ducks’ to smooth move to green power
From Daffy to Donald, the animation studios of Southern California have long portrayed ducks as just for laughs, but a graphical incarnation of the bird making the rounds in the state’s power sector is being taken very seriously indeed.
Use of internal carbon price by companies as incentive and strategic planning tool (Posted December 11, 2013)
OECD: Effective carbon prices (November 4, 2013)
Global 500 Climate Change Report 2013 (Posted September 12, 2013)
The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)