In this edition, we feature Ecosystem Marketplace’s latest report, State of the Forest Carbon Markets is featured. Key report findings include: market growth of 9% and a growing interest from the business community in payment schemes that protect forests. In 2012, the amount of forest conserved by carbon finance grew to 26.5 million hectares. Find the report and other news below.

Quote of the Day:

“Linking the programs will provide a framework for additional partners to join and demonstrate a workable template for urgently needed climate action. We recommend that joint auctions only occur after readiness for joint auctions is confirmed.”

–California Air Resources Board Chair Mary Nichols in Reuters’ “California says ready to link carbon market with Quebec”

Lead Stories

Deutsche Bank Energy Analyst Lewis Leaves After 14 Years
Bloomberg
Mark Lewis, head of energy research at Deutsche Bank AG (DBK)’s commodities unit, left last month after 14 years with the company.
http://jlne.ws/1b7rKIK

Enbridge to Move Ahead With Northern U.S. Pipeline
The Wall Street Journal
Enbridge Inc.(ENB) said Wednesday it is forging ahead with efforts to build a pipeline to move oil from North Dakota to Midwestern U.S. refineries, despite regulatory hurdles and local opposition.
http://jlne.ws/1c0K5FD

California says ready to link carbon market with Quebec
Reuters
California is ready to link its carbon cap-and-trade program with a similar effort in the Canadian province of Quebec, a move that could pave the way for further expansion of the market in coming years, state officials said on Tuesday.
http://jlne.ws/17NNWam

Warsaw won’t add any climate polish
Reuters
World governments are likely to recoil from plans for an ambitious 2015 climate change deal at talks next week, concern over economic growth at least partially eclipsing scientists’ warnings of rising temperatures and water levels.
http://jlne.ws/1at1cNG

Abbott govt ditches pre-Warsaw consultations
The Australian/Climate Spectator
The Abbott government yesterday cancelled climate-related consultations with domestic business and overseas diplomats, casting doubt about the position Australia will take to UN climate talks in Poland next week, The Australian reports.
http://jlne.ws/1gt575D

Energy Revolution Heads South of the Border
The Wall Street Journal
So far, the North American energy revolution has been limited to the U.S. and Canada, the region’s two largest economies.
http://jlne.ws/1hOPIM2

Demand For Forest Carbon Offsets Rises As Forestland Under Carbon Management Grows
Ecosystem Marketplace
Carbon finance supported the management of forests spanning 26.5 million hectares worldwide as businesses in 2012 injected a near-record $216 million into projects that plant trees, avoid deforestation, improve forest management and support low-carbon agriculture.
http://jlne.ws/17cQoJ1

THE REPORT:
Covering New Ground: State of the Forest Carbon Markets 2013
http://jlne.ws/17cQoJ1

Threat of EU action on energy spooks German industry
Reuters
A leading Social Democrat warned on Wednesday that the European Union planned to investigate German renewable energy discounts for industry, a move that could end up hitting a raft of companies operating in Europe’s biggest economy.
http://jlne.ws/1hObbEY

Enel Green Power looks to Africa, Latin America for growth
Reuters
Enel Green Power, one of the world’s biggest renewable energy companies, is looking to Africa and South America to fuel future growth as it shifts its focus away from core European markets.
http://jlne.ws/1emoe0p

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

Coalition defends carbon tax plans
AAP
The Abbott government remains adamant that scrapping the carbon tax will immediately reduce power prices, despite a leading business group warning the impact won’t be as fast.
http://jlne.ws/188ZwsX

BHP backs carbon tax repeal
Australian Financial News/Climate Spectator
BHP Billiton Ltd has backed the Abbott government’s move to repeal Labor’s carbon tax and supported the government’s Direct Action plan in its place, The Australian Financial Review reports.
http://jlne.ws/1at20Co

Recession ‘not main effect’ on EU emissions fall
Climate Spectator
The uptake of renewables and not the advent of the eurozone economic crisis has been the major contributor to Europe’s significant fall in emissions, contrary to the European Commission’s claim, a new analysis from investment group CDC Climat has found.
http://jlne.ws/1dPe2uC

Carbon Credit Scams: Regulator Warns Public
Sky News
Regulators have warned the public against buying carbon credits after 1,500 people lost a total of £24m in “worthless” investments.Nineteen companies selling carbon credits to private investors have been shut down over the past 15 months.
http://jlne.ws/17NNKrC

Japan to boost green tech transfers to earn emissions credits
Global Post
The Japanese government aims to boost its transfer of energy-saving technologies to developing countries to earn emissions credits in return under a bilateral scheme, government sources said Wednesday.
http://jlne.ws/179hNGm

Natural Gas/Coal/Alternative Fuels

Gevo Tumbles on Production Delays at Minnesota Biofuel Plant
Bloomberg
Gevo Inc. (GEVO), the U.S. biofuel producer backed by French oil company Total SA, tumbled the most in 13 months on production delays at its facility in Luverne, Minnesota, and plans to raise capital.
http://jlne.ws/1b7r9H1

Cyprus in Plan to Develop a Natural Gas Industry
The New York Times
Cyprus, seeking to rebuild its economy after the collapse of its banking industry, will announce on Thursday an agreement with Total, the French oil giant, to develop a plant to liquefy natural gas, the Cypriot energy minister said.
http://jlne.ws/1b8m8hC

Power

Poland Seeks 40% Cut in Renewable Energy Costs by 2014
Bloomberg
Poland aims to cut the cost of renewable energy suppliers 40 percent by 2014 by auctioning fixed-price contracts for generators and by cutting subsidies, the nation’s deputy economy minister said.
http://jlne.ws/1cFbUIK

SunEdison Gets $176 Million for South Africa Solar Plant
Bloomberg
SunEdison Inc. (SUNE), the solar-plant developer and polysilicon supplier formerly known as MEMC Electronic Materials Inc., received 1.8 billion rand ($176 million) in financing for a project in South Africa.
http://jlne.ws/179f67D

RWE to cut 2,500 jobs in German power generation-source
Reuters
RWE, Germany’s No.2 utility, will be cutting some 2,500 jobs in its power generating business in Germany over the next few years, a source familiar with the plans said on Wednesday.
http://jlne.ws/1cTPu2s

Canadian Solar picks ABB to work on Ontario solar power farm
Reuters
Solar power company Canadian Solar Inc said it selected a unit of Swiss engineering company ABB Ltd and Ontario construction company Bondfield Construction to help build its 100-megawatt solar photovoltaic power plant in Ontario.
http://jlne.ws/16Hr9vS

Water

Why the relationship between water and agriculture needs to change
GreenBiz.com blog
All living creatures need two things to survive: food and water. A WRI analysis shows just how much tension exists between those two essential resources.
http://jlne.ws/16I8NL7

Texas Water Measure Passes to Help Pay for Infrastructure Works
Bloomberg
Texas voters passed a water measure that allows a state enduring drought and supply woes as the population grows to put $2 billion of reserves into a fund to help pay for reservoirs and related public infrastructure works.
http://jlne.ws/1bbo2Mt

GE, Sasol Team Up on Water-Treatment Pilot Plant in South Africa
Bloomberg
General Electric Co. (GE) and Sasol Ltd. (SOL) are collaborating on a water-technology pilot project that will clean wastewater from plants producing synthetic fuels and chemicals and supply biogas as a byproduct for power generation.
http://jlne.ws/1hOaawp

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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