In this edition, news that the European Union’s carbon market fix will probably start in the middle of next month. And, China’s Hubei province will auction up to 2 million carbon permits at a government-set minimum price next month to kick-start the nation’s sixth pilot emissions trading scheme. Plus, a Roll Call feature takes a look water trading.

Quote of the Day:

“There’s been way more debate, discussion, policy papers — you name it — than trading. But the reality is we’re going to add new loads, so we’re going to need practices to offset them.”

–Beth McGee, a water scientist with the Chesapeake Bay Foundation, in Roll Call’s “Will Water-Trading Credits Help Reduce Pollution?”

Lead Stories

EU Carbon-Glut Fix’s Start Seen in Middle of March by Commission
Bloomberg
An emergency plan to prop up prices in the European Union’s carbon market, the world’s biggest, will probably start in the middle of next month, the European Commission said today.
http://jlne.ws/1nsXJX2

China’s Hubei plans province’s first carbon auction next month
Reuters
China’s Hubei province will auction up to 2 million carbon permits at a government-set minimum price next month to kick-start the nation’s sixth pilot emissions trading scheme (ETS).
http://jlne.ws/1bUpmX0

Will Water-Trading Credits Help Reduce Pollution?
Roll Call
The concept sounds familiar: Polluters looking to meet certain emissions targets buy credits from other entities that have some leftover credits to spare. It’s a cap-and-trade program.
http://jlne.ws/1aT1X9U

Obama-Hollande meeting may boost larger climate goals
The Hill
Climate change made the cut as one of four major themes that are important in the U.S.-France relationship, a senior White House official said on Monday.
http://jlne.ws/1dGve2z

India to Dispute U.S. Solar WTO Complaint as Ties Fray
Bloomberg
India will dispute a U.S. complaint at the World Trade Organization that it unlawfully restricts imports of solar equipment, saying American panel makers such as First Solar Inc. (FSLR) have access to most of its market.
http://jlne.ws/1oi6zKg

Private-Equity Investors Join China’s Environmental Cleanup
The Wall Street Journal
Private-equity firms are again betting on China’s environmental sector as the government adopts a new sense of urgency in cleaning up the nation’s filthy air and water.
http://jlne.ws/1g55BgU

Senate GOP sends second letter to Obama urging Keystone approval
The Hill
Senate Republicans have sent a second letter to President Obama within the span of one month pressing him to approve the Keystone XL pipeline. The entire Senate Republican Caucus signed the letter, which calls on Obama to approve the permit application “without further delay.”
http://jlne.ws/MJO9n1

Republicans to EPA: Reveal ‘secret science’
The Hill
Republican lawmakers on Tuesday pressed the Environmental Protect Agency (EPA) to reveal the “secret” scientific data behind controversial decisions.
http://jlne.ws/1grMRqb

Events

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

The Microgrid, Distributed Energy, and Renewables: How They Work Together
February 25, 2014
New York
http://jlne.ws/1hTnxNR

Round Table: California Clean Energy Markets and Policy Strategies
EMA
February 28, 2014
San Francisco,CA
Click here for more information and to register.

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

GLOBE 2014
13th Biennial Conference and Trade Fair on Business and Sustainability
March 26-28, 2014
Vancouver, British Columbia
http://jlne.ws/1cAETLI

Carbon

B.C. Plan a Fix for Alberta ‘Dirty Oil’ Label, Black Says
Bloomberg
Canadian newspaper publisher David Black said his proposed C$21 billion ($19 billion) refinery for the country’s Pacific coast would eliminate the “dirty oil” label for Alberta oil-sands bitumen.
http://jlne.ws/1kAmaEZ

Hilton group boosts its carbon-offset scheme
The Nation
Hilton Worldwide is expanding its carbon offset programme in Southeast Asia with three renewable energy projects including the Mungcharoen biomass project in Thailand.
http://jlne.ws/1dGulXF

Natural Gas/Coal/Alternative Fuels

Fate of Obama mountaintop crackdown may hinge on judges’ view of EPA guidance
Greenwire
U.S. EPA and the Army Corps of Engineers pressed federal appellate judges today to reverse lower court rulings that effectively threw out significant portions of the Obama administration’s policies for mountaintop-removal coal mining.
http://jlne.ws/1dGuXN4

EPA moves to regulate diesel in fracking
The Hill
The Environmental Protection Agency (EPA) issued guidance Tuesday governing the use of diesel fuel in hydraulic fracturing.
http://jlne.ws/1kApeAJ

Indian Oil Close to Buying Some Petronas Canadian Assets
The Wall Street Journal
State-controlled Indian Oil Corp.is close to acquiring a 10% stake in Malaysia’s Petroliam Nasional Bhd’s shale-gas assets and a liquefied-natural-gas project in the Canadian province of British Columbia for 1 billion Canadian dollars ($900 million), two senior Indian government officials said on Tuesday.
http://jlne.ws/1kApVKy

Power

Utility research group lays out plan for updated, integrated power grid
ClimateWire
Driven by generous subsidies, German solar power has grown from negligible levels in 2002 to nearly a quarter of the country’s electrical capacity today. While critics point to the high energy prices that have followed, few would deny that the growth of German photovoltaic solar has been a staggering development.
http://jlne.ws/1aT48dQ

Lockheed and Ocean Power Plan World’s Biggest Wave-Energy Plant
Bloomberg
Lockheed Martin Corp. (LMT), the world’s largest defense contractor, and Ocean Power Technologies Inc. (OPTT) agreed to jointly develop the world’s largest wave-energy project off the coast of Australia.
http://jlne.ws/1fXR3xe

Donald Trump loses legal challenge to windfarm near his Scottish golf resort
Guardian
Donald Trump has lost a legal action against a major experimental windfarm being built close to his golf resort in Aberdeenshire.
http://jlne.ws/1ep8q7z

Reports

State of Green Business 2014
GreenBiz.com
http://jlne.ws/1kte6FV

California Carbon Market Watch: A Comprehensive Analysis of the Golden State’s Cap-and-Trade Program,Year One (January 8, 2014)
EDF
http://jlne.ws/1agCk0M

Assessing Corporate Emissions Performance Through the Lens of Climate Science (December 2013)
Climate Counts and Center for Sustainable Organizations
http://jlne.ws/1kZFzuA

Use of internal carbon price by companies as incentive and strategic planning tool (Posted December 11, 2013)
CDP
http://jlne.ws/1dspD1J

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

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

View all reports >

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