In this edition, the European Parliament agreed to speed up the approval of its carbon-market rescue plan. Carbon permits for December jumped 6.2% to close at 6.54 euros ($10.69) a metric ton, the highest in more than a year on the ICE Futures Europe exchange in London. The rescue proposal involves delaying the sale of 900 million permits as the cost of discharging one metric ton of carbon dioxide has plunged about 80% since 2008 amid a glut of allowances and the economic slowdown. “There’s no reason why the market shouldn’t double within the next 18 months,” Louis Redshaw, former head of Barclays carbon trading who’s now trading his own account, told Bloomberg.
Quote of the Day:
“It is the best-case scenario eventually materializing. It is good news for the market.”
–Matteo Mazzoni, an analyst at Bologna, Italy-based Nomisma Energia, an adviser to energy companies, governments and banks, in Bloomberg’s “Fast-Track EU Carbon Fix Gets Approval From EU Parliament”
Fast-Track EU Carbon Fix Gets Approval From EU Parliament
The European Parliament agreed to speed up the approval of a carbon-market rescue plan, enabling an intervention aimed at bolstering prices to begin as soon as this quarter.
Ex-Barclays Carbon Chief Trades From Home as Prices Surge
Louis Redshaw, the former head of carbon trading at Barclays Plc (BARC), returned to the market amid a jump in permit prices since he left the bank in April.
Chinese Factories Are Ordered to Release Data on Real-Time Emissions Levels
In a surprising sign of progress for both the environment and information transparency in China, the central government in January ordered 15,000 large and small factories to make real-time data about air and water pollution public.
U.S. launches ‘climate hubs’ to help farmers face climate change
President Barack Obama’s administration announced the formation on Wednesday of seven “climate hubs” to help farmers and rural communities adapt to extreme weather conditions and other effects of climate change.
With Climate Change, What’s Better For The Farm Is Better For The Planet
Forbes Contributor Blog
Climate change is no longer a doomsday theory about our distant future – it’s here. Farmers around the world are already dealing with more variable climates and dramatic weather events, like the drought in California and gigantic typhoons in Asia.
Will Obama do the right thing on ozone and smog this time around?
Barack Obama has been just as bad as George W. Bush when it comes to curbing ground-level ozone pollution. But soon he’ll have another chance to get ozone regulations right.
Google Earth now shows CLIMATE CHANGE: Regional temperatures since 1850 added to the mapping service
Daily Mail (U.K.)
The UN claims climate change is ‘almost definitely’ caused by humans, and now Google Earth users can see the impact they are supposed to have made to temperature changes in their local area.
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
Natural Gas/Coal/Alternative Fuels
A Future History Of Hydrogen Vehicle Development
Forbes Contributor Blog
In 2012, California passed a mandate requiring the development and sale of hydrogen vehicles, ordering that zero emission vehicles be available to customers by 2020. However, progress to date has been slow.
Unleash German shale to halt gas output decline, industry pleads
Germany’s gas industry says it needs shale to halt a sharp decline in domestic output, but behind its pleas lies private acknowledgement that environmental and political opposition is just too strong.
Coal technology not ready for wider adoption, EPA panel told
Proposed pollution standards for new U.S. power plants, a central part of the Obama administration’s climate change plan, should not rely on a soon-to-be completed project in Mississippi as an example of how to capture emissions from coal-fired power plants, the plant’s owner said on Thursday.
Oregon offshore wind energy farm project announced
A Seattle company is being given the green light to develop plans to build the West Coast’s first offshore wind energy farm – five floating turbines off Oregon’s Coos Bay, federal and state officials said Wednesday.
Goldman Cash Brings Relief to Dong CEO as Deal Is Completed
After weeks of turmoil that ended in street protests and a government split, Dong Energy A/S Chief Executive Officer Henrik Poulsen says a cash infusion from Goldman Sachs Group Inc. (GS) will resurrect the Danish utility.
Unplugged Wind Farms Sit Unused as Drought Strains Grid
As a drought in Brazil strains hydroelectricity production, 48 wind farms stand idle because they’re not connected to the power grid.
German Annual Solar Installs Drop to Lowest Since 2008, BSW Says
Germany, Europe’s biggest clean-energy market, added the fewest solar panels in five years in 2013 after government subsidy cuts, the BSW-Solar lobby said.
Canadian Solar Selling Fourth Ontario Power Project to BlackRock
Canadian Solar Inc. (CSIQ), the best-performing solar manufacturer last year, agreed to sell an Ontario power plant to a BlackRock Inc. (BLK) fund, its fourth project in the province to be bought by the New York-based money manager.
Greece to privatise power grid operator to help island tourism
The Greek parliament approved legislation on Thursday to privatise its electricity grid, seeking to attract investment and secure the energy supply of tourist destinations such as Santorini and Crete.
‘Atmospheric River’ May Put a Dent in California Drought
At long last, a series of Pacific storm systems is producing sorely needed rain and mountain snowfall in California, which has been suffering from one of its worst droughts in at least 500 years. The storms, which began Thursday and are forecast to last through the weekend, are likely to have their greatest impact in Central and Northern California, including the agricultural powerhouse region that is the San Joaquin Valley.
California drought: Why Jerry Brown doesn’t want US House to help
The Christian Science Monitor
California Gov. Jerry Brown opposes a US House bill, set for a vote Wednesday, that would send more water to the state’s parched farmland, at the expense of endangered fish and other interests.
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)