In this edition, a not so market friendly look at carbon markets from International Business Times, which details the closing of carbon trading desks at 10 London banks. More snags. California Miscounts Emissions in Oversupplied Market, according to one report. California has over-counted greenhouse-gas emissions, a mistake that will extend the excess supply of allowances in the state’s carbon market, Bloomberg New Energy Finance said. Meanwhile, TransCanada Pushes Keystone XL Pipeline Start to 2016, the second delay this year.
Quote of the Day:
“There is no other area where the expectation gap is so great [between rich and poor nations]. It’s not likely that there will be a big increase in climate finance announced here in Warsaw.”
–Norwegian Chief Climate Negotiator Aslak Brun in Bloomberg’s Climate Finance Battle Shows Expectation Gap at UN Talks
EU, California Show China How to Avoid Carbon-Permit Oversupply
European Union and Californian emissions markets have shown China how to avoid the pitfall of oversupply in its own carbon-trading programs, said the vice mayor of the city of Shenzhen.
Carbon Trading Scheme In Europe Dying? Why Banks In London Are Exiting The Carbon Trade
International Business Times
The global carbon market, once hailed as a promising solution to greenhouse gas emissions, may be dying a slow death, as turmoil in the European trading arena has at least 10 London banks scaling back or closing their carbon desks.
TransCanada Pushes Keystone XL Pipeline Start to 2016
TransCanada Corp. (TRP) pushed the start date for its $5.4 billion Keystone XL oil pipeline into 2016, the second delay this year as the company awaits U.S. approval for the project.
Climate Finance Battle Shows Expectation Gap at UN Talks
A debate over climate aid is widening the rift between richer and poorer nations at United Nations climate talks in Warsaw, creating another obstacle in the fight against global warming.
Ban Ki-Moon Scolds Rich Countries Backtracking on Climate
United Nations Secretary-General Ban Ki-Moon lashed out at rich nations that are watering down commitments to fight global warming, citing the typhoon that devastated the Philippines.
Optimism On REDD, But Finance Hurdle Remains
Formal REDD+ negotiations will resume here this afternoon to address the critical issue of how to disperse funds to countries that reduce deforestation and forest degradation.
Germany only ‘moderate’ on climate protection
Germany’s climate policy is ‘unambitious’ says environmental NGO Germanwatch. In their new index, which rates countries on climate policy, CO2 emissions and renewable energies, Germany has slipped far below the top 10.
German firms at risk if Berlin does not revise energy law-EU Commissioner
Hundreds of German industrial firms risk insolvency if the country does not fundamentally revise its renewable energy law (EEG) to avoid a probe by the European Union, European Energy Commissioner Guenther Oettinger said on Tuesday.
Obama lauds energy independence
US President Barack Obama on Saturday boasted of the nation’s progress in cutting dependence on foreign energy sources and lowering pollution levels, saying that the United States is now poised to control its own energy future.
Carbon conundrum prompts some greens to think the unthinkable: nuclear
The lack of progress at United Nations talks to agree a deal to tackle global warming is calling into question the insistence of many environmental groups that low-carbon nuclear power can never be the answer.
Konukiewitz Says Climate Fund Has No Money Raising Expectations
Manfred Konukiewitz, co-chairman of the Green Climate Fund, said the provider of financing to developing nations has no clear expectation of how much money it will secure next year in a planned initial raising.
CarbonExpo Australia 2013
December 2-4, 2013
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
Province shuts down Pacific Carbon Trust
The province’s Core Review has made its first couple of decisions, including shutting down a Crown agency that has been the target of a number of groups.
Natural Gas/Coal/Alternative Fuels
Coal Seen as New Tobacco Sparking Investor Backlash: Commodities
About $8 trillion of known coal reserves lie beneath the earth’s surface. The companies planning to mine and burn them are being targeted by a growing group of investors concerned with the greenhouse gases that will be made.
Coal industry heats climate change debate with fossil fuel push
The global coal industry will court controversy on Monday by insisting that the world’s most abundant fossil fuel can play a part in curbing greenhouse gases through the use of new technology at power plants.
Drax powers a brighter future with biomass
It may be good for the planet but it is explosive stuff. The feedstock behind attempts by Britain’s biggest emitter of carbon dioxide to go green must be protected, not just from rain but from oxygen.
TidalStream Seeks Partner to Test Turbines in Deep Waters
TidalStream Ltd., a maker of platforms for tidal-power turbines, is in talks with energy companies and utilities to test its technology in deeper waters.
Meridian wind farm starts spinning
Newly-listed green energy giant Meridian has started generating power from the first of its turbines at its Mount Mercer wind farm near Ballarat in Victoria, The Australian Financial Review reports.
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)