In this edition, carbon market coverage on California from the Environmental Defense Fund; we’ve got the full report below. Get a taste with EDF’s Four Reasons California . . . Had Extraordinary Year blog. Plus, Bloomberg New Energy Finance projects that the value of the global carbon market will rise 15 percent this year to 46 billion euros ($63 billion), driven by the European Union’s plan to postpone sales of pollution permits.

Quote of the Day:

“The first year results are highly encouraging and proof positive that we can successfully harness the power of the marketplace to solve climate change without sacrificing economic growth. In a year marked by gridlock and polarization, the Golden State is a shining example of climate leadership.”

–Environmental Defense Fund President Fred Krupp in his group’s press release announcing the California Carbon Market Watch report.

Lead Stories

First-Year Report: Market Strong for Cap and Trade in California
Press Release – Environmental Defense Fund
Environmental Defense Fund (EDF) today released an in-depth assessment of the first year of California’s historic cap-and-trade program for greenhouse gas pollution, showing the carbon market is well-constructed and strong while the state’s economy continues to improve.
http://jlne.ws/1krupUE

THE REPORT:
EDF
California Carbon Market Watch: A Comprehensive Analysis of the Golden State’s Cap-and-Trade Program, Year One
http://jlne.ws/1agCk0M

California Players Predict Offset Market Growth in 2014
Ecosystem Marketplace
Things were quieter than expected in the California offset market last year, but that’s likely to change in the New Year, a report by the Environmental Defense Fund (EDF) predicts. California’s cap-and-trade program officially launched in January 2013, and the launch brought expectations of strong trading activity in the offset market because compliance entities are allowed to use offsets from uncapped sectors to meet up to 8% of their compliance obligations.
http://jlne.ws/1dh783Y

Carbon Pollution Funds Poised to Deliver on Advancing Clean Energy in California
Natural Resources Defense Council Staff blog
Governor Brown’s administration made public yesterday details of the first expenditure plan for revenues generated from the sale of carbon pollution allowances under California’s cap-and-trade program. The plan, set to be released as part of the Governor’s budget on Friday, proposes to spend $850 million in carbon pollution funds next fiscal year to expand clean energy solutions across the state’s economy and target benefits in California communities hardest hit by air pollution.
http://jlne.ws/1aaiTDp

Carbon Market Value to Gain 15% in 2014 on EU Surplus Fix
Bloomberg
The value of the global carbon market will rise 15 percent this year to 46 billion euros ($63 billion), driven by the European Union’s plan to postpone sales of pollution permits, according to Bloomberg New Energy Finance.
http://jlne.ws/1dh5LCa

Pollution Costs to Rise as EU Governments Back Market Fix
Bloomberg
Carbon prices are poised to rebound from a three-year slump as European Union member states backed a stopgap plan to reduce a record glut of pollution permits.
http://jlne.ws/KG0zMq

China’s state utilities move on preferential rules in carbon offset market
Reuters
China’s large state-owned power firms have taken the lead in the country’s nascent carbon offset market, leveraging preferential procedures to cut the cost of complying with new rules capping greenhouse gas emissions.
http://jlne.ws/1etyvEs

Polar freeze: It’s weather, not climate
Politico
Tuesday’s polar vortex has set off a new round in one of the world’s most predictable disputes: Does Extreme Weather Event X prove or disprove climate change? In short: No.
http://jlne.ws/1iiKW91

Events

RGGI Auction 23 Bidder Information Session
January 15, 2014
The webinar is open to the public, but pre-registration is required for participation instructions.
Registration.

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
climateleadershipconference.org/

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

Natural Gas/Coal/Alternative Fuels

Lawmakers call on Gov. Jerry Brown to halt fracking in California
LA Times
Calling a recent bill to regulate hydraulic fracturing, or “fracking,” in California insufficient, a group of lawmakers are urging Gov. Jerry Brown to halt the oil and gas extraction method.
http://jlne.ws/19UbXzu

Editorial: Dump the ethanol mandate
Chicago Tribune
The U.S. Environmental Protection Agency has proposed reducing the amount of ethanol and other biofuels that must be mixed into the nation’s fuel supply. Fuel blenders would be required to use 15.21 billion gallons of biofuel in 2014, down from 16.55 billion gallons last year.
http://jlne.ws/1iVQedj

Power

Aust. hits 2 million solar
Climate Spectator
Australians have now installed more than two million small-scale renewable energy systems, the Clean Energy Regulator has confirmed. This was composed of 1,161,245 solar photovoltaic systems, 669,281 solar hot water units and 173,101 heat pump water heaters as well as a small number of micro hydro and small wind turbines.
http://jlne.ws/1dxl98u

Offshore wind builders to cut more projects in world’s top market
Reuters
Britain has built the world’s biggest offshore wind energy market but there are signs it may have reached a tipping point as companies cancel and sell off projects in the face of steep costs.
http://jlne.ws/1iitAZG

Slowly, Asia’s Factories Begin to Turn Green
The New York Times
When Intel went about setting up its chip factory in Vietnam, it found an oddity: Local laws did not govern every aspect of the building.
http://jlne.ws/19eSrwY

CleanTech

Balancing The Energy Mix In A Green World — What Execs Need To Know
Guest contributor Scott Sarazen, Global Cleantech Markets Leader, EY on Forbes blog
For today’s business executives, choosing the right energy mix to power and support operations has become an increasingly important element of strategic planning. Where energy decisions were once based primarily on cost, companies now must factor in considerations that include price volatility, sustained reliability, regulatory trends, brand image and consumer preferences and expectations.
http://jlne.ws/1bSYnqd

Japan’s METI to Review Surcharges for Clean Energy, Asahi Says
Asahi/Bloomberg
Japan’s Ministry of Economy, Trade and Industry will review how surcharges for clean energy are calculated, the Asahi newspaper reported today without saying where it got the information.
http://jlne.ws/1lR4SzG

DOE targets clean energy entrepreneurs with incubator initiative
GreenBiz.com
The Department of Energy (DOE) announced a new initiative to support clean energy entrepreneurs, The National Incubator Initiative for Clean Energy.
http://jlne.ws/1d0Diiv

Water

Rio Tinto’s Michigan Nickel Mine Introduces Citizen Water Quality Testing Program

Circle of Blue
Scheduled to begin production of nickel and copper next year, the Eagle Mine is the first new hard rock mine to open in northern Michigan’s Copper Country in decades. It’s so new that Chevy pickups need Kevlar tires to prevent blowouts on the sharp edges of stones not yet worn by mine traffic.
http://jlne.ws/1lR22KP

California Governor Appoints UC’s Famiglietti to Water Board
Bloomberg
Jay Famiglietti, head of the UC Center for Hydrologic Modeling at the University of California at Irvine, has been appointed to the Santa Ana Regional Water Quality Control Board by California Governor Jerry Brown.
http://jlne.ws/1agIde9

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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