In this edition, Europe dominates the headlines: EU Carbon Fix Vote Set for Jan. 23 in Parliament Industry Panel; Europe Energy Investment Seen at Risk Without 2030 Carbon Target; EU energy costs widen over trade partners; European Commission resists calls for carbon ‘central bank’; Industry realism curtails EU’s long-term climate ambitions and European Commission Starts Group to Spur Marine Energy Industry. You’ll find these articles, plus an Ecosystem Marketplace feature on Quebec’s carbon market, below.
Quote of the Day:
“Enterprises have been slow in taking seriously the regulation. This is still what is prevailing today . . . there is no sense of urgency.”
EU Carbon Fix Vote Set for Jan. 23 in Parliament Industry Panel
The European Parliament’s industry committee will vote Jan. 23 on a resolution objecting to an emergency plan to buoy carbon prices, according to two people familiar with the matter.
Europe Energy Investment Seen at Risk Without 2030 Carbon Target
Europe must set a target to cut emissions by 40 percent in 2030 or risk delaying investments in much-needed energy infrastructure, a group of investors said.
EU energy costs widen over trade partners
The gap in energy costs between Europe and its leading trading partnersis widening, according to an official paper to be released by Brussels that shows industrial electricity prices in the region are more than double those in the US and 20 per cent higher than China’s.
European Commission resists calls for carbon ‘central bank’
The European Commission has resisted calls for a carbon “central bank” to revive Europe’s moribund emissions trading system but is poised to unveil a less ambitious plan to fix flaws in a market that has foundered since the global financial crisis slashed prices.
Industry realism curtails EU’s long-term climate ambitions
Seven years after it set some of the world’s most stringent environmental targets, the European Union is about to revise its long-term goals to take more account of industry and changed economic circumstances.
European Commission Starts Group to Spur Marine Energy Industry
The European Commission plans to start an Ocean Energy Forum to support the commercialization of wave and tidal technologies, which may be worth as much as 535 billion euros ($725 billion) globally by 2050.
Quebec’s New Carbon Market Slow At First, But Expected To Ramp Up
When the clock struck midnight on January 1, the first cross-border compliance trading program to reduce greenhouse gas (GHG) emissions in North America officially took off. But Quebec is unlikely to ask its new trading partner California for carbon credits any time soon.
Climate Proofing of Farms Seen Too Slow as Industry Faces Havoc
Climate change will play havoc with farming, and policy makers and researchers aren’t fully aware of the significance on food supply, according to the World Bank.
Webinar: Prospects for a New Carbon Market: Cap-and-Trade Under Clean Air Act Section 111(d)
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
The Microgrid, Distributed Energy, and Renewables: How They Work Together
February 25, 2014
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
EU Carbon Surplus Mostly Already in Utility Hands, Nomisma Says
Most of the surplus of European Union emissions permits built up since 2009 may already be held by the bloc’s electricity industry, cutting demand from power plants in carbon auctions, according to Nomisma Energia srl.
Carbon markets in China to face permit surplus: Report
The Economic Times
China’s new carbon markets are likely to be over-allocated due to their heavy reliance on companies’ own emissions data, making the permits inefficient as drivers of investment in cleaner technologies, a Beijing-based green group said.
Carbon credit scheme for Indonesia’s rainforest launched
The Jakarta Post
A new standard to measure carbon for rainforests was launched Thursday at the West Bali National Park, an initiative that designates the island’s forest conservation site as the pilot project for research to develop a carbon credit mechanism.
Beijing, Shanghai to Step Up Pollution Fight as Smog Hangs
China’s capital city and the nation’s financial hub are stepping up measures to curb pollution as high levels of smog shifted south along the coast.
Natural Gas/Coal/Alternative Fuels
Solar Beats Gas Unlocking Middle East’s Heavy Oil, Report Says
Solar energy is cheaper than natural gas in powering enhanced oil recovery projects in the Middle East that tap heavy, viscous forms of crude, a developer of the technology said.
NSW revokes mining licenses
A coal company embroiled in an ICAC inquiry has reacted angrily to plans by Premier Barry O’Farrell to introduce legislation to cancel coal mine exploration licences for Doyles Creek, Mt Penny and Glendon Brook.
Germany’s Planned Clean-Energy Aid Cuts Hurt Turbine Makers
Germany’s clean-energy industry said government plans to accelerate cuts in aid to operators of wind and solar-power plants threaten to derail the country’s transition to renewable sources.
GE Backs German Renewables Subsidy Cuts in Slow Gas Market
General Electric Co. (GE) favors reforms to Germany’s energy policy as proposed by new Energy Minister Sigmar Gabriel, saying the reduced renewable energy subsidies will make the market more efficient.
India Draws Bids for Triple Solar Capacity Offered
India received bids for almost triple the 750 megawatts of solar capacity offered after enticing developers with grants for the first time that will cover part of the cost of the plants.
Areva and Gamesa agree joint venture in offshore wind energy
French state-controlled nuclear group Areva and Spanish wind turbine maker Gamesa have agreed a preliminary deal to create one of the biggest players in offshore wind energy.
INSIGHT-Europe’s utilities squeezed by creeping nationalisation
Vattenfall unplugged! With flyers, posters and an animated film of a bear disconnecting the Swedish utility that operates the Berlin electricity grid, campaigners tried to convince voters to put power distribution back in public hands.
Hot Nanotubes Helping Solar Panels Capture More Sunlight
Researchers at the Massachusetts Institute of Technology are seeking to increase the efficiency of solar cells by helping them take advantage of more of the sun’s rays.
Severe Drought Grows Worse in California
The New York Times
Cattle ranchers have had to sell portions of their herd for lack of water. Sacramento and other municipalities have imposed severe water restrictions. Wildfires broke out this week in forests that are usually too wet to ignite. Ski resorts that normally open in December are still closed; at one here in the Sierra Nevada that is open, a bear wandered onto a slope full of skiers last week, apparently not hibernating because of the balmy weather.
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)