In this edition, European carbon issues are in focus, including EurActiv’s coverage of EU-Chinese carbon market discussions and Bloomberg’s report that the EU has dropped its carbon-cutting strategy through 2050 from a ministerial level meeting set for next week. In other news, WWF will report that China seizes green manufacturing lead from Europe.
Quote of the Day:
“We have had many contacts with Chinese officials from Beijing and also from the regions in order to look at emissions trading. I would say that [talks] are increasing in intensity.”
–Artur Runge-Metzger, EU chief climate negotiator, in EurActiv’s “EU-Chinese carbon market contacts intensifying”
Around the world, cap-and-trade is still alive and kicking
When the climate bill died in the U.S. Senate in 2010, most observers assumed that was the last dying gasp for “cap-and-trade” as a policy for tackling global warming. Here in the United States, it’s hard to find an environmentalist or Democrat who will even whisper the phrase anymore.
EU Won’t Discuss Carbon Roadmap Next Week, Official Says
The option of European Union nations backing a carbon-cut strategy up to 2050 was dropped from the agenda of June 11 ministerial meeting after Germany concluded it was unlikely to win unanimous support, an EU official said.
EU-Chinese carbon market contacts intensifying
Meetings between EU and Chinese officials aimed at helping Beijing to draft plans for its own carbon emissions market are “increasing in intensity,” the EU’s chief climate negotiator, Artur Runge-Metzger has told EurActiv.
China says only it has right to monitor air pollution
A senior Chinese official demanded on Tuesday that foreign embassies stop issuing air pollution readings, saying it was against the law and diplomatic conventions, in pointed criticism of a closely watched U.S. embassy index.
WWF: China seizes green manufacturing lead from Europe
Europe’s leaders have been urged to boost their policies for supporting renewable energy manufacturing, after the region lost its pole position in the market to China last year.
Climate change to cost LatAm $100 bn by 2050: study
Global warming could exact a devastating toll on the economies of Latin America and the Caribbean, with costs possibly exceeding $100 billion by 2050, the Inter-American Development Bank warned Tuesday.
World Energy Demand to Rise 40% by 2030, Chevron’s Kirkland Says
Global energy demand will climb by 40 percent by 2030, George Kirkland, Chevron Corp. (CVX)’s upstream vice president for gas, said today in Kuala Lumpur.
Solar makers bet on Japan nuclear crisis being a game-changer
Solar power firms are betting that the nuclear crisis in Japan will become a game-changer for renewable energy in the world’s third largest economy, with new foreign entrants such as Canadian Solar looking to go toe-to-toe there with some of the biggest utilities in Asia.
Responsible Business Summit
June 27 -28, 2012, New York
Carbon Forum North America
October 1-2, 2012
Sustainability Summit – Innovation Challenge
October 9, 2012
Carbon debate heats up
Times Live (South Africa)
YESTERDAY, Johannesburg hosted the last of the African consultations on the future of the Clean Development Mechanism (CDM), the UN’s global carbon trading system.
Exxon Sees Big Shale-Oil Potential in Siberia
Wall Street Journal
Exxon Mobil Corp. XOM -0.30% is starting work with Russia’s OAO Rosneft ROSN.RS -10.01% in assessing what could be massive reserves of shale oil in Western Siberia, the U.S. oil giant’s chief executive, Rex Tillerson, said Tuesday.
Emphasis on oil sands called a ‘historic mistake for Canada’
Globe and Mail
A high-profile adviser on renewable energy to the European Union says Canada is making a huge mistake in placing so much emphasis on the oil sands as the key component of the country’s energy policy.
Conventional production, oil sands projects underpin strong crude oil forecast
Canadian Association of Petroleum Producers Press Release
Canadian crude oil production will more than double to 6.2 million barrels per day by 2030 from three million barrels per day in 2011, according to CAPP’s 2012 Crude Oil Forecast, Markets and Pipelines Outlook.
Wind Tax Credits Vital to Energy Independence, Rove Says
Renewal of federal tax credits for wind energy can save U.S. jobs and reduce dependence on foreign oil, according to Karl Rove, an adviser to former President George W. Bush.
House spares nuclear, fossil fuel subsidies in votes that split GOP
The Hill’s E2 Wire
The House rejected two amendments Tuesday evening that would have sliced more than $1 billion from the 2013 Energy and Water spending bill, in votes that split Republicans just as similar votes did last week.
Exxaro, Tata Venture Considering Congo Hydroelectric Plant
Cennergi Pty Ltd., a joint venture between Tata Power Co. (TPWR) and Exxaro Resources Ltd. (EXX), may build a hydroelectric plant in the Republic of Congo to supply power to Exxaro’s Mayoko iron-ore project.
EON Gets $150 Million in Financing for Illinois Wind Farm
EON AG (EOAN), Germany’s largest utility, received $150 million in Bank of America Corp. equity financing for a 150-megawatt wind farm in eastern Illinois.
Green energy ‘lost’ to poor converters
The equivalent of almost a third of the electricity produced from renewable sources in the UK is wasted by inefficient current converters, according to figures from two British technology companies.
Greece To Provide Emergency Loan Power Market Operator-Sources
Wall Street Journal
Greece has decided to extend an emergency 250 million euro ($312.5 million) loan to its cash-strapped power-market operator to prevent any blackouts from hitting the country after the state natural gas provider DEPA warned last week of cuts to energy supply due to liquidity problems, two officials said Tuesday.
APEC members eye green products list by September
Top trade officials from the Asia-Pacific region said on Tuesday they hoped to agree by September on a list of environmentally friendly products that would be targeted for tariff cuts over the next three years.
HP unveils ‘zero-energy’ datacentre
HP has unveiled plans for datacentres free from grid electricity that can cut organisations’ costs by up to 80 per cent.
Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production (Posted June 4, 2012)
Vulnerability of US and European electricity supply to climate change (Posted June 4, 2012)
Nature Climate Change
Developing Dimension: State of the Voluntary Carbon Markets 2012 (Posted May 31, 2012)
Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy (Posted May 22, 2012)
Fossil fuel price shocks and a low carbon economy (Posted May 21, 2012)
Using the Allowance Value from California’s Carbon Trading System: Legal Risk Factors, Impacts to Ratepayers and the Economy (Posted May 17, 2012)
Inclusive Green Growth: The Pathways to Sustainable Development (Posted May 9, 2012)
Meeting Canada’s 2020 Climate Change Commitments (Posted May 8, 2012)
Office of Auditor General