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.”

–Jean Nolet, President of EcoRessources, in Ecosystem Marketplace’s “Quebec’s New Carbon Market Slow At First, But Expected To Ramp Up”

Lead Stories

EU Carbon Fix Vote Set for Jan. 23 in Parliament Industry Panel
Bloomberg
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.
http://jlne.ws/1betFbJ

Europe Energy Investment Seen at Risk Without 2030 Carbon Target
Bloomberg
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.
http://jlne.ws/1kRwwBk

EU energy costs widen over trade partners
Financial Times
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.
http://jlne.ws/1haWI49

European Commission resists calls for carbon ‘central bank’
Financial Times
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.
http://jlne.ws/Lya6oz

Industry realism curtails EU’s long-term climate ambitions
Reuters
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.
http://jlne.ws/19IVGx3

European Commission Starts Group to Spur Marine Energy Industry
Bloomberg
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.
http://jlne.ws/19ISWzJ

Quebec’s New Carbon Market Slow At First, But Expected To Ramp Up
Ecosystem Marketplace
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.
http://jlne.ws/LJzdpa

Climate Proofing of Farms Seen Too Slow as Industry Faces Havoc
Bloomberg
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.
http://jlne.ws/LxsP3H

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

EU Carbon Surplus Mostly Already in Utility Hands, Nomisma Says
Bloomberg
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.
http://jlne.ws/1dKu9w9

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.
http://jlne.ws/LJBRLD

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.
http://jlne.ws/1bey9zl

Beijing, Shanghai to Step Up Pollution Fight as Smog Hangs
Bloomberg
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.
http://jlne.ws/1e9yqao

Natural Gas/Coal/Alternative Fuels

Solar Beats Gas Unlocking Middle East’s Heavy Oil, Report Says
Bloomberg
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.
http://jlne.ws/1dpCpvE

NSW revokes mining licenses
Business Spectator
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.
http://jlne.ws/KuBHXJ

Power

Germany’s Planned Clean-Energy Aid Cuts Hurt Turbine Makers
Bloomberg
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.
http://jlne.ws/1mwvg52

GE Backs German Renewables Subsidy Cuts in Slow Gas Market
Bloomberg
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.
http://jlne.ws/1dKtWJA

India Draws Bids for Triple Solar Capacity Offered
Bloomberg
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.
http://jlne.ws/1mwzgCB

Areva and Gamesa agree joint venture in offshore wind energy
Reuters
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.
http://jlne.ws/1eO6xTO

INSIGHT-Europe’s utilities squeezed by creeping nationalisation
Reuters
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.
http://jlne.ws/1mmgkDs

CleanTech

Hot Nanotubes Helping Solar Panels Capture More Sunlight
Bloomberg
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.
http://jlne.ws/1aEZkXb

Water

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.
http://jlne.ws/1ihe4jI

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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