As the Warsaw talks continue, we’ve included a contribution from the Council on Foreign Relations that takes a look at How the Copenhagen Climate Talks Succeeded. Plus, IEA data and discussion pops up in Leads and in Natural Gas.
And in the carbon section, coverage from China, Australia, plus B.C. hints at carbon offsets to counter LNG plants’ emissions, Canadian Press reports.

Quote of the Day:

“We treat Poland’s coal reserves as an asset and a force for stability in energy supplies. Our energy security now and for many years to come will be based on coal. The reindustrialization of Europe should be just as important a goal as emission reduction.”

–Deputy Prime Minister Janusz Piechocinski said in a speech to parliament in Warsaw on Nov. 7 in Bloomberg’s “Black Treasure in Poland Clouds UN Warming Negotiations”

Lead Stories

How the Copenhagen Climate Talks Succeeded
Council on Foreign Relations
Negotiators are gathering in Warsaw this week and next for the nineteenth annual UN climate talks (COP19). Their job will be to prepare the groundwork for a big summit in Paris in 2015 where countries are supposed to ink a new climate agreement. Many diplomats and observers are likely to warn against repeating what they see as the disastrous 2009 Copenhagen summit. That meeting merely produced a voluntary pact, but only legally binding commitments, many will insist, can do the job.
http://jlne.ws/1a2W1Zg

China to Build More Renewables Than EU, U.S. Combined, IEA Says
Bloomberg
China is expected to build more renewable power plants through 2035 than the U.S., European Union and Japan combined, according to the International Energy Agency.
http://jlne.ws/183Cx6l

Developing world’s firm ‘no’ to market-based mechanism
The Hindu
Poland, the hosts for the U.N. Climate talks this year, and the EU came in for some harsh opposition from many developing countries, including India, for promoting the idea that the talks must deliver a new carbon market mechanism even before countries make their emission reduction targets.
http://jlne.ws/1aoKJxG

EU, Japan to Lose Third of High-Energy Goods Share, IEA Says
Bloomberg
EU, Japan to Lose Third of High-Energy Goods Share, IEA Says
Japan and the European Union may lose a third of their combined export market share of energy-intensive goods partly because of their high natural gas, coal and electricity costs, the International Energy Agency said.
http://jlne.ws/1fA959H
**RKB — More IEA report coverage in Natural Gas section

Black Treasure in Poland Clouds UN Warming Negotiations
Bloomberg
A few weeks after it finishes hosting United Nations talks on limiting fossil-fuel emissions, Poland may decide to double the size of one of its biggest coal-burning power plants.
http://jlne.ws/1a2Po9c

REDD Reference Levels Share Stage With Broader Land-Use Issues In Warsaw
Ecosystem Marketplace
Developed countries have set aside billions of dollars to help rainforest nations save their forests by earning credits for reducing carbon dioxide emissions from deforestation and degradation (REDD). They won’t start spending it in a big way, however, until they see trustworthy reference levels that tell them both how much carbon is captured in the recipient countries’ forests, farms, and prairies and how that carbon content is changing.
http://jlne.ws/1btcFBH

Calif. Energy Commission Chairman Weisenmiller discusses impact of EPA power plant regs on his state
EE News
How could U.S. EPA’s proposed new source regulations and anticipated existing source standards affect the climate and energy policies already in place in California?
http://jlne.ws/1bBWqR0

Opinion: California’s Green Reality Check
The Wall Street Journal
Governor Jerry Brown ought to be canonized as the patron saint of hopeless environmental causes. Consider a new U.S. Department of Energy study that finds that California will fall far short of its 2050 emissions goal even under the most ambitious (i.e., unrealistic) policies.
http://jlne.ws/1a3JIvI

Ford and Microsoft invest in $1 billion bond for climate projects
GreenBiz.com
Ford and Microsoft were among investors in a $1 billion green bond launched last week to support “climate smart” investments in emerging markets.
http://jlne.ws/1aogDdv

Morgan Stanley launches sustainable investing institute
GreenBiz.com
Morgan Stanley has decided to get into sustainable investments in a big way, announcing the Morgan Stanley Institute for Sustainable Investing.The goal is to advance market-based solutions to economic, social and environmental challenges by bringing sustainable investments to significant scale.
http://jlne.ws/1a2Vruv

How a startup is making refrigerant tracking a hot commodity
GreenBiz.com
In the world of sustainable business, refrigeration and cooling aren’t generally seen as prime targets for innovation. Sure, they consume energy — 10 percent of global carbon emissions and energy use comes from refrigeration, air conditioning and heat pumps, according to Emerson Climate Technologies, a division of a $24 billion global manufacturing and technology company.
http://jlne.ws/19jplGn

Events

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
climateleadershipconference.org/

Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
www.nacw2014.org

Carbon

For China, benefits of carbon tax far outweigh the costs
South China Morning Post
That China needs to give its growth engine a tune-up is hardly in doubt. With the economy slowing for the past several years, all eyes are on the third plenum of the Communist Party. Hopes are that the leadership will unveil structural reforms aimed at putting the economy on a sustainable trajectory. Interest rate liberalisation, privatisation and deregulation are high on the wish list of investors and reformers alike.
http://jlne.ws/17nBlXM

B.C. hints at carbon offsets to counter LNG plants’ emissions
The Canadian Press
Like the underground shale gas that Premier Christy Clark says will pave the way to a debt-free future, British Columbia appears caught between a rock and a hard place in balancing its hunger for a burgeoning liquefied natural gas industry and meeting its ambitious 2007 greenhouse gas pollution-reduction targets.
http://jlne.ws/1gIQDP5

Abbott’s global emissions fail
Climate Spectator
Yesterday Prime Minister Tony Abbott stated that his government has no intention of going beyond the minimum target to reduce emissions by 5 per cent by 2020.
http://jlne.ws/1j3McLz

Axing carbon tax costs budget $7.4bn
Climate Spectator
The Government has revealed a $7.37bn hit to the budget over the forward estimates from its repeal of the carbon tax. The financial impact was revealed in a table reprinted below from the explanatory memorandum the Government introduced to the Parliament today.
http://jlne.ws/HQG3XG

Natural Gas/Coal

U.S. to Be Top Oil Producer by 2015 on Shale, IEA Says
Bloomberg
The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations, the IEA said.
http://jlne.ws/1aDALFm

IEA: Shale gas no long-term threat to OPEC
MarketWatch
Dramatic shifts taking place in energy markets as a result of booming oil production in North America won’t lead to a new era of oil abundance or shake Middle Eastern producers’ long-term dominance of supply, the International Energy Agency said Tuesday.
http://jlne.ws/1e0KD0s

Power

Brazil Gives Fossil Fuels Advantage Over Wind in Power Auction
Bloomberg
Brazil will allow developers of power projects that use natural gas and other fossil fuels to sell their output at higher prices than wind farms next month.
http://jlne.ws/1i7VR61

First Solar to Sell Power to Southern California Cities
Bloomberg
First Solar Inc. (FSLR), the largest builder of U.S. solar farms, agreed to sell electricity from a 40-megawatt plant in Southern California to four area cities.
http://jlne.ws/1aShWnH

Solar industry creates standardized contracts to boost business
GreenBiz.com
In the latest effort to cut solar system costs, an industry working group has developed a standard solar contract that can be used across the industry.
http://jlne.ws/17trnt0

Davey Asks Big Six to Come Clean on Green Charge After EDF Rise
Bloomberg
U.K. Energy Secretary Ed Davey asked energy companies to explain the “wide variation” in what they charge consumers for a government green program.
http://jlne.ws/1e2uk3w

Acciona to Supply 300 Megawatts of Turbines for Texas Wind Farms
Bloomberg
Acciona SA (ANA), the Alcobendas, Spain-based infrastructure and renewable-energy company, sold turbines with 300 megawatts of capacity for two Texas wind farms for more than $400 million.
http://jlne.ws/1aSiwC1

Reports

OECD: Effective carbon prices (November 4, 2013)
http://jlne.ws/176gahP

Global 500 Climate Change Report 2013 (Posted September 12, 2013)
CDP
http://bit.ly/16mBo8p

The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
http://bit.ly/14Bk1k2

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
http://bit.ly/19LKChs

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://bit.ly/12z1YK5

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank
http://bit.ly/14KrLza

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
IEA
http://bit.ly/12Bpk41

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace
http://bit.ly/12Cyi0X

View all reports >

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