In this edition, coverage of European lawmakers’ decision to back the world’s toughest carbon emission targets for cars. Auto producers will have to cut 27% of their vehicles’ carbon-dioxide emissions by 2021.Germany, on behalf of its luxury car makers, such as Daimler and BMW, campaigned hard for more time to implement the legislation, which its car industry says will still be extremely challenging, Reuters reports. Environmental groups largely supported the move but were critical of its weakened terms from earlier drafts.
Quote of the Day:
“Many large metropolitan areas, in the United States and elsewhere, are attempting to rise to the occasion. They’re acting as first responders to system-level challenges colliding on their doorsteps. These include escalating consumer waste, water scarcity, ‘food deserts’ and de-carbonization of the electricity grid, as well as to how to re-envision and repurpose land.”
–SustainAbility’s Mohammed Al-Shawaf in GreenBiz.com’s State of Green Business: Cities become hotbeds of promise
EU backs tougher car emissions limits
Members of the European Parliament voted through the world’s toughest carbon dioxide standards for new cars on Tuesday, prompting a cautious welcome from environmental campaigners.
European Parliament Agrees Tough Automobile CO2 Targets
The Wall Street Journal
European lawmakers set the world’s toughest carbon emission targets for autos on Tuesday, charging car makers with cutting 27% of their vehicles’ carbon-dioxide emissions by 2021.
To Be, or Not to Be: Carbon Markets Post 2020?
The Energy Collective blog
The US Submission on Elements of the 2015 Agreement has recently appeared on the UNFCCC website and outlines, in some detail, the approach the US is now seeking with regards “contributions”. Adaptation and Finance are also covered, although not to the depth of the section on Mitigation.
Another $329.7 million spent on California carbon permits
California’s latest carbon-permit auction raised $329.7 million, state officials announced Monday.
ALEC drums up opposition to upcoming EPA power plant limits
For many of us, this winter makes June feel far away, but you’d think summer is right around the corner judging by the frenzied activity of the American Legislative Exchange Council (ALEC). The Environmental Protection Agency (EPA) is scheduled to propose limits on carbon pollution from power plants this coming June, but ALEC and other polluter groups are not waiting to see EPA’s draft standard before they declare opposition.
Barclays pulls down shutters on European, U.S. power trading desks
Britain’s Barclays Plc said on Tuesday it has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.
China Narrows Gap to U.S. in EY Renewable-Energy Ranking
China closed in on the U.S. at the top of a renewable-energy ranking by consultants EY after installing record solar-power capacity last year.
Climate warrior ramps it up
The Hill’s E2 Wire
It’s personal, Sen. Sheldon Whitehouse said. The impact of climate change on homes in the Rhode Island Democrat’s state gives his fight increasing urgency.
11 innovations to fight food and water scarcity
Precision agriculture is one of the unexpected bright spots in a new International Food Policy Research Institute (IFPRI) report that examines 11 agricultural innovations many hold up as the answer to the world’s burgeoning food scarcity, water shortage and climate change challenges.
State of Green Business: Cities become hotbeds of promise
There’s a revolution taking place in cities — or maybe it’s an evolution. Whatever it’s called, it represents a significant shift in how cities are designed and managed, and the experience of those who live, work and play there. And it is creating a wealth of new opportunities for companies.
**One of a series of excerpts from the 2014 State of Green Business report (download here).
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Round Table: California Clean Energy Markets and Policy Strategies
February 28, 2014
Click here for more information and to register.
Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
13th Biennial Conference and Trade Fair on Business and Sustainability
March 26-28, 2014
Vancouver, British Columbia
Offsetters Works With Dow to Develop International Carbon Offset Portfolio
Offsetters Climate Solutions Inc. (“OCS” or the “Company”) (tsx venture:COO)(frankfurt:9EA) is pleased to report that it has successfully retired a portfolio of 160,000 tonnes of carbon offsets from a selection of high-quality international offset projects on behalf of Dow Chemical Company.
Climate authority puts RET review on ice
The Climate Change Authority has quietly commissioned research it hopes will prove “useful” should it need to proceed with its review of the renewable energy target (RET). The climate advisory body will conduct a study into ways of reducing emissions in the electricity sector, including in relation to both the RET and the Abbott government’s climate change policy
Labor backs auction scrapping
Labor will not oppose the Coalition’s plan to scrap voluntary carbon auctions, saying the move was consistent with its policy to move to a floating emissions trading scheme, Fairfax Media reports.
Natural Gas/Coal/Alternative Fuels
EOG Resources sees slow N. American natural gas market recovery
Oversupply in the North American natural gas market is likely to persist for years, the chief executive officer of U.S. oil and gas company EOG Resources Inc told investors on a conference call on Tuesday.
U.S. government looks for ways to boost energy infrastructure
The Obama administration will look for ways the federal government could spur investment to improve infrastructure for transporting oil and natural gas supplies around the country, U.S. Energy Secretary Ernest Moniz said on Tuesday.
Colorado approves limits on air pollution from oil, gas drilling
Colorado health and environment officials on Sunday approved new rules to limit air pollution from oil and gas drilling in the state, including what regulators said is the nation’s first-ever plan to detect and reduce methane emissions.
Global coal lobby appeals for Norwegian oil fund investment
Norway’s $830 billion oil fund should not, as proposed in parliament, shun the coal sector as that would discourage investment in sophisticated technology needed to cut emissions, the head of the global coal lobby said on Tuesday.
A $400 gas bill? It’s on its way.
The Washington Post
Coming soon to mailboxes across the Midwest and the Eastern Seaboard: Big gas bills. Utilities are warning homeowners that they are about to get hit with a double whammy — higher natural gas prices and consumption, both of which have been driven to five-year peaks by the Arctic cold that gripped much of the country in recent weeks.
GE Buys Irish Wind Farms as It Expands in Renewable Energy
General Electric Co. bought two wind farms in Ireland that will power more than 33,300 homes.
Morgan Stanley-Backed Atlantis, Carnegie Wave to Cut Power Costs
Carnegie Wave Energy Ltd. and Atlantis Resources Corp. agreed to work together on driving down the cost of ocean-power technologies.
In Japan, Goldman, Fortress scout for runway, solar, infrastructure deals
Goldman Sachs Group Inc is considering putting money into a major Japanese airport, the latest foreign investor to eye infrastructure projects as Prime Minister Shinzo Abe seeks to open up the market.
IDE Targeting 6-8% Desalination Growth in Chile, Peru
IDE Technologies Ltd. says a slowdown in mining investment won’t deter its plans to expand in Chile and Peru where governments are ordering mining companies to use desalinated seawater over freshwater supplies.
State of Green Business 2014
California Carbon Market Watch: A Comprehensive Analysis of the Golden State’s Cap-and-Trade Program,Year One (January 8, 2014)
Assessing Corporate Emissions Performance Through the Lens of Climate Science (December 2013)
Climate Counts and Center for Sustainable Organizations
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
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)