Lots happening as Warsaw talks are set to begin. EU diplomats November 8 agreed to begin talks about cutting carbon permit supplies and put in a short-term price prop for the Emissions Trading Scheme (ETS). EU president Lithuania said member state officials would start negotiations with the European Parliament and the executive European Commission over the “backloading” plan, which seeks to delay the sale of 900 million carbon permits until later this decade. In response, EU Climate Action Commissioner Connie Hedegaard tweeted: Common sense prevailed. Almost unanimous support from member states. (We’re) moving toward a stronger ETS.”

Find coverage on ETS talks, set against the backdrop of two weeks of global climate talks in Poland over 2030 targets, throughout today’s Leads section. Deeper in the newsletter, find: Utech to become Obama’s top climate, energy adviser, China, U.S. green spending falling far short, says Germany’s IWR; Quebec Companies Seen ‘Engaging’ in California Carbon Market, and Could the EPA endorse a carbon tax?

Quote of the Day:

“We are wondering whether countries should invest too much time in the discussion unless they really want to solve it.”

–Wendel Trio, who heads the European branch of the Climate Action Network, an umbrella group of environmental organizations, the AP’s “Will Warsaw climate talks point way to new deal?”

Lead Stories

EU states reach breakthrough at carbon supply cut talks
Reuters
European Union diplomats on Friday agreed to begin talks on a legal text to slash permit supply and prop up carbon prices in the bloc’s Emissions Trading Scheme (ETS), marking a big step forward for the divisive proposal.
http://jlne.ws/1hYvHmo

EU states approve ‘backloading’ fix to rescue bloc’s carbon emissions trade
DW
A majority of EU governments have backed a rescue plan for the bloc’s cap-and-trade system for carbon dioxide emissions. The plan aims to boost the price of allowances to make climate-saving investments more profitable.
http://jlne.ws/1dWrLjg

EU in new push to revive the carbon market
EurActiv.com
EU diplomats today (8 November) agreed to begin talks on a legal text to slash permit supply and prop up carbon prices in the bloc’s Emissions Trading Scheme (ETS), marking a big step forward for the divisive proposal.
http://jlne.ws/16TlAdQ

EU Seeks Emissions Pledge Timetable Leading to Climate Treaty
Bloomberg
The European Union is seeking a timetable to spur countries to make emissions pledges with enough time to revise them before signing a global climate deal in 2015.
http://jlne.ws/17oBvDz

EU Nations Authorize CO2-Market Fix Talks With Parliament
Bloomberg
European Union governments approved a mandate to start talks with the bloc’s Parliament on a draft rescue plan for the EU carbon market, overcoming a 15-month deadlock over the measure to alleviate a record surplus.
http://jlne.ws/1hYfJbN

EU’s Groote Seeks Single Parliament Vote on Carbon Next Month
Bloomberg
The European Parliament may decide on a draft law to help boost prices in the European Union’s carbon market in a single vote next month, according to a proposal by the head of the assembly’s environment committee.
http://jlne.ws/1iWOOee

Will Warsaw climate talks point way to new deal?
AP
Climate envoys from rich countries, emerging economies and low-lying nations at risk of being swamped by rising seas will meet in Poland for the next two weeks to lay the groundwork for a new global warming pact.
http://jlne.ws/1aMKlf5

EU more cautious as nations approach 2030 climate targets
Reuters
Once a clear environmental leader, the European Union is likely to set a more cautious tone for the global debate on a U.N. climate deal when it unveils a new chunk of green energy law early next year.
http://jlne.ws/18jiZao

Carbon Markets Protect Area Greater Than The Congo’s Forests Combined
Ecosystem Marketplace
The last five years have been busy ones for Leslie Durchinger, Mike Korchinsky, and hundreds of others “green entrepreneurs” scouring the planet for endangered or degraded forests to conserve. It’s a daunting task, because their conservation plans will only work under certain precise conditions.
http://jlne.ws/HOH6HO

Canadian Oil Companies Trail on Environmental Disclosure
Bloomberg
Canada’s biggest energy companies including Suncor Energy Inc. (SU) and Imperial Oil Ltd. (IMO) are trailing global peers in reporting environmental performance as scrutiny of the oil sands intensifies.
http://jlne.ws/HHdfQZ

New German govt would put moratorium on fracking, cut wind energy support
Reuters
German Chancellor Angela Merkel’s conservatives and the Social Democrats (SPD) agreed to retain a moratorium on fracking for gas and cut incentives for wind power in areas where it is abundant, if they form a new coalition government.
http://jlne.ws/1aMQyHZ

Utech to become Obama’s top climate, energy adviser
Reuters
Dan Utech, a long-time Washington insider on environmental issues, will become President Barack Obama’s top adviser on energy and climate change, a White House official said on Friday, a role that will involve tough decisions on power plants and TransCanada Corp’s Keystone XL pipeline.
http://jlne.ws/1cMexsm

Chubb and Travelers still grappling with climate change post Sandy
GreenBiz.com
Hurricane Sandy was a wake-up call for cities everywhere about the risks of unprecedented storms.
With more than 1 million insurance claims filed in New York and New Jersey, rebuilding is far from complete. This shines a spotlight on the huge role property and casualty insurance companies can play to reduce these extreme weather risks and the costs of rebuilding.
http://jlne.ws/1ddBKQj

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

Brazil greenhouse gas emissions down 4.9 pct in 2012 – report
Reuters
Brazil’s greenhouse gas emissions (GHG) fell 4.9 percent in 2012 as declining deforestation rates and a drought-induced drop in cattle herds outweighed increased emissions from the energy sector, an independent study showed on Thursday.
http://jlne.ws/HLkfN4

China, U.S. green spending falling far short, says Germany’s IWR
Reuters
Top emitters China and the United States are underspending on carbon-free technology relative to their level of emissions, according to a spending model devised by German research institute IWR.
http://jlne.ws/19b9rh4

Quebec Companies Seen ‘Engaging’ in California Carbon Market
Bloomberg
Companies regulated by Quebec’s carbon cap-and-trade program are starting to eye California’s carbon market to hedge their environmental costs as the two governments plan to link systems on Jan. 1.
http://jlne.ws/1ayZryC

Could the EPA endorse a carbon tax?
Daily Caller
Could the Environmental Protection Agency be convinced to consider a carbon tax in lieu of carbon dioxide emissions limits on power plants? Adele Morris, a senior fellow at the Washington, D.C.- based think tank the Brookings Institution, hopes the answer is yes.
http://jlne.ws/HLkyra

Commentary: 70% renewables, $100 carbon price, economy 50% larger
Climate Spectator
Sometimes Climate Spectator barely scratches the surface of some substantive and interesting new research that comes out, because we quickly get overwhelmed by new events. The report released by the Climate Change Authority assessing what emission reduction targets Australia should adopt is one such piece of research. This 176 page report, in conjunction with several further hundreds of pages of supporting analyses represent an incredibly impressive piece of work. One could dedicate a whole week to pulling it apart and pondering its conclusions. Unfortunately we can’t manage that and cover all the other important developments that readers want to hear about.
http://jlne.ws/19Sb8EL

UK should not weaken fourth carbon budget, advisers say
Reuters
Britain should not weaken an ambitious carbon emissions cut goal for 2023 to 2027 when it is reviewed next year because efforts to fight climate change need to be deepened, not scaled back, the government’s climate advisers said on Thursday.
http://jlne.ws/16TjGK8

Shale gas, new coal tech to help Poland cut CO2-minister
Reuters
Coal-dependent Poland will continue to reduce carbon emissions by replacing outdated power plants with coal-fired units based on new technology and by exploiting shale gas resources, the environment minister said.
http://jlne.ws/1bkcCYI
**repeats in Natural Gas/Coal

Natural Gas/Coal/Alternative Fuels

Shale gas, new coal tech to help Poland cut CO2-minister
Reuters
Coal-dependent Poland will continue to reduce carbon emissions by replacing outdated power plants with coal-fired units based on new technology and by exploiting shale gas resources, the environment minister said.
http://jlne.ws/1bkcCYI
**repeats in Carbon

Shale Revolution Reaches Gulf Coast Prices
The Wall Street Journal
The North American shale revolution continues to confound oil market orthodoxies in new and fascinating ways.
Last year, much was made of the growing difference in price between the U.S. benchmark price, West Texas Intermediate, and the Brent marker used by the rest of the world.
http://jlne.ws/1ayU4zz

Results Mixed on Colorado and Ohio Fracking Ban Initiatives
National Geographic
Voters in three Colorado cities and one in Ohio on Tuesday passed ballot measures banning or temporarily halting fracking within their borders. But in the Denver suburb of Broomfield—a location viewed as an active prospect for exploration—a decision hangs in the balance, as the unofficial tally has voters rejecting a moratorium by a razor-thin margin.
http://jlne.ws/1biPxlO

Obama admin keeps trying to help coal industry, coal industry keeps whining
Grist.org
It would be nearly impossible for any new coal power plants to meet stringent climate regulations proposed by the Obama administration without using carbon-capturing technology. But never fear, coal industry. Here comes Energy Secretary Ernest Moniz, reassuring you that “the technology is ready” — and sprinkling public research funds like fly ash over your sector just to be sure.
http://jlne.ws/1hYGVY3

Power

AustrianSolar to Build $165 Million Chilean Solar Plant
Bloomberg
AustrianSolar Chile Dos SpA, a Chilean renewable-energy developer, is filing for permits to develop a $165 million photovoltaic power plant in Chile’s Atacama desert.
http://jlne.ws/HHdCv3

Apex Clean Energy Raises $5.6 Million in Equity From 9 Investors
Bloomberg
Apex Clean Energy Inc., a Charlottesville, Virginia-based developer of wind power, raised $5.6 million in equity from nine investors, according to a regulatory filing.
http://jlne.ws/1ddbxBf

California Seen Beating Renewable Energy Generation Goal
Bloomberg
Public support for rooftop solar and investments by major companies will push renewable energy generation beyond California’s targets by 2020, a Los Angeles energy lawyer said.
http://jlne.ws/HHdU50

California power grid OKs mutual sharing of energy with other states
Reuters
California’s power grid operator approved a new market design that will increase reliability and reduce costs by integrating generation resources from utilities outside the state to help balance the growing use of intermittent renewable resources.
http://jlne.ws/1cMaCMf

BASF CEO says electricity grid fees put jobs at risk-paper
Der Spiegel/Reuters
BASF chief executive Kurt Bock said German jobs could be lost if the chemicals giant has to start paying electricity grid fees to shift the burden of funding a renewable energy infrastructure to large companies.
http://jlne.ws/1agO6qq

Chasing profits, power producers fuel Thailand’s solar rush
Reuters
Riding on generous government incentives, Thailand’s energy firms are deepening a push into solar power to bolster their profits over the next few years and perk up lacklustre shares.
http://jlne.ws/HOzG7A

Water

The Stream, November 8: Report Lists World’s Top 10 Toxic Rivers and Places
Guardian/Circle of Blue
The top 10 toxic hotspots in the world are primarily in developing countries in places where people are either processing resources or recycling waste for the developed world, polluting waterways and creating major health concerns, according to a new report released by the Blacksmith Institute and Green Cross Switzerland, the Guardian reported. Among this year’s top 10 are the Citarum River in Indonesia and the Niger River Delta in Nigeria.
http://jlne.ws/19biDlF

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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