Leading this edition’s news, the European Commission said Wednesday that EU governments should face a single binding target to reduce carbon dioxide emissions by 2030 to a volume that is 40% lower than 1990 levels.That represents a doubling of the goal in the existing 2020 target, but it is still below what some scientists and environmentalists say is needed and is less than some policymakers wanted. The plan also calls for a 27% green energy goal. Coverage below. Plus: Changes for Obama climate goals do not need congressional OK: report and Google seals second Swedish wind farm deal.

Quote of the Day:

“I think it is possible to come to an agreement on 40 percent. I think it’s not going to be easy, and there will be more pressure to put it down than to put it up, I can promise you.”

–European Commission President Jose Manuel Barroso in Reuters’ “EU scales down 2030 climate and energy goals”

Lead Stories

EU scales down 2030 climate and energy goals
Reuters
The European Union scaled back its long-term climate and energy ambitions on Wednesday, proposing less stringent targets than in the past, because of tougher economic conditions and the need to curb rising energy costs.
http://jlne.ws/1aMh2EX

New EU climate targets ‘weaken renewable energy goals’
Financial Times
The stringent renewable energy targets that have helped wind turbines and solar panels blossom across Britain face an uncertain future under a landmark set of EU climate and energy measures were unveiled on Wednesday.
http://jlne.ws/1g1Ufwy

Q&A: EU’s 2030 climate and energy targets
Financial Times
What are the EU’s 2030 climate and energy targets and why are they important?
http://jlne.ws/1hMIyat

EU to cut carbon emissions by 40% by 2030
The Guardian
Europe will cut its greenhouse gas emissions by 40% by 2030, compared with 1990 levels, the toughest climate change target of any region in the world, and will produce 27% of its energy from renewable sources by the same date.
http://jlne.ws/1hl0fgC

EU Ban on UN Carbon May Flag End of Offset Market, Nomisma Says
Bloomberg
A proposed European Union ban on the use of United Nations carbon credits in its emissions market may signal the end of the international offset market, according to energy consultant Nomisma Energia srl.
http://jlne.ws/1iphIYU

Cameron Says EU Renewables Goal May Cost U.K. Billions
Bloomberg
Prime Minister David Cameron urged the European Commission to reject calls for a renewable energy target, saying the proposal would cost British consumers 9 billion pounds ($14.8 billion) a year by 2030.
http://jlne.ws/1cXGUxA

Changes for Obama climate goals do not need congressional OK: report
Reuters
A group of business leaders, energy experts and former government leaders believes that the Obama administration could tackle climate change by taking measures that do not require congressional approval, according to a report released on Tuesday.
http://jlne.ws/1dwEWEl

Germany to put renewable surcharge on industry’s on-site power
Reuters
Germany’s cabinet backed a plan to make firms that produce their own power start paying charges to support renewable energy – from which they had been exempt – as part of a drive to spread the burden of financing green policies.
http://jlne.ws/1hME43H

Merkel Not Doing Enough to Speed Shift to Renewables
Bloomberg
Germany isn’t doing enough to shift energy output to renewables from nuclear, according to the Allensbach polling company.
http://jlne.ws/KKpmys

Events

Webinar: Prospects for a New Carbon Market: Cap-and-Trade Under Clean Air Act Section 111(d)
EMA
January 29, 2014
Click here for more information and to register.

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

China must spend $330 billion more to do fair share on climate – report
Reuters
China must increase spending on emission cuts and clean technologies by 2 trillion yuan ($330 billion) to do its fair share to halt climate change, a report by Beijing’s Central University of Finance and Economics said.
http://jlne.ws/1dWIV1F

U.S. appeals court won’t revisit California fuel standard ruling
Reuters
A U.S. appeals court on Wednesday refused to revisit a ruling which upheld California’s low carbon fuel standard aimed at reducing transportation-related greenhouse gas emissions, according to a court filing.
http://jlne.ws/1hMEEP1

Hockey blames carbon tax for inflation spike
AAP
Treasurer Joe Hockey has blamed a strong rise in the rate of inflation on the continued impact from the former Labor government’s carbon tax.
http://jlne.ws/1hlLmuc

Natural Gas/Coal/Alternative Fuels

Energy secretary: U.S. can meet natural gas environmental challenges
San Antonio Express News
Expanding domestic natural gas production raises environmental concerns, but the problems are surmountable, Energy Secretary Ernest Moniz told a group of U.S. mayors Wednesday.
http://jlne.ws/19PfI9c

Fate of coal-block allocation: Outcome could be messy for India
Economic Times
The hearings are over and an order is expected from the country’s highest court soon. The fate of 218 coal blocks given to companies for captive use will be secured or sealed.
http://jlne.ws/1l0gg11

Power

Google seals second Swedish wind farm deal
Financial Times
Google has made its third bet on green energy in the space of three months, with a deal to buy all the electricity generated by four Swedish wind farms for 10 years. The transaction is similar to one that the technology group sealed seven months ago with Nordic wind developer O2, when it agreed to buy the power produced by a 24-turbine wind farm in northern Sweden for a decade.
http://jlne.ws/19ON4Fe

U.S. Offshore Wind Farm, Made in Europe
The New York Times
Carl Horstmann strode around the floor of his factory here, passing welders honing head-high metal tubes as sparks flew. He is one of a dying breed: the owner of Mass Tank, a steel tank manufacturer in a down-at-the-heels region that was once a hub of the craft.
http://jlne.ws/1hNnhgR

First Solar Building West Texas Project Without Customer
Bloomberg
First Solar Inc. (FSLR), the largest U.S. solar-panel manufacturer, began building a 22-megawatt power plant in West Texas before lining up a buyer for the electricity.
http://jlne.ws/1eUblak

India Solar Auction Draws Goldman’s ReNew, First Solar
Bloomberg
Goldman Sachs Group Inc.’s solar venture and U.S.-based First Solar Inc. (FSLR) bid for projects in India for the first time, enticed by government grants.
http://jlne.ws/1bjH6XX

Canadian Solar to Supply 10 Megawatts for Ontario Solar Plant
Bloomberg
Canadian Solar Inc. (CSIQ), the best-performing solar manufacturer last year, agreed to supply 10 megawatts of modules for a project in Ontario.
http://jlne.ws/1c5PoHa

Water

Market watches water trading
Weekly Times Now/Commodities (Australia)
VICTORIAN irrigators will watch how the market reacts to the Commonwealth Environmental Water Holder’s decision to trade environmental water for the first time since its inception six years ago.
http://jlne.ws/1aN96n5

Environmental flows sold to farmers for first time
The Sydney Morning Herald
For the first time water bought by the federal government to restore the environment in the Murray-Darling Basin will be sold to farmers, with up to 10 billion litres to be put to tender in the Gwydir Valley in northern NSW.
http://jlne.ws/1l0fzEY

Reports

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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