In this edition, Climate Progress asks Will Costa Rica’s New Voluntary Carbon Trading System Work?. Plus, no one can accuse this markets-focused newsletter of not attempting balance. We give valuable Lead Stories real estate to a couple of Huffington Post blogs charging derivatives solutions of holding back environmental progress. Also today, more coverage of Germany’s renewables debate. And, (U.S.) States accuse EPA of exceeding its authority with climate change plan.

Quote of the Day:

“German angst used to be about blackouts and the dangers of nuclear power. Now Germans are worried about the Energiewende. The process is being mismanaged and the government’s policies need urgently to be improved.”

–Claudia Kemfert, energy expert at the German Institute for Economic Research (DIW Berlin), in The Financial Times’ “Success of Germany’s renewable energy experiment comes at a cost”

Lead Stories

Global sigh after an Aussie carbon cop out
Australia’s proposal to ditch cap and trade market in favour of a weakened scheme follows reduced or abandoned carbon markets in Europe and the United States and does not bode well for planned schemes around the world.

Success of Germany’s renewable energy experiment comes at a cost
Financial Times
In the idyllic southern Bavarian community of Wildpoldsried, 2,600 villagers are diligently playing their part in a bold experiment in German renewable energy generation, known as the Energiewende.
**RKB — More coverage in Power section.

Wall St. Exploits Ethanol Credits, and Prices Spike
The New York Times
It was supposed to help clean the air, reduce dependence on foreign oil and bolster agriculture. But a little known market in ethanol credits has also become a hot new game on Wall Street.

Obama looks to fill fall scorecard with regs, going small-bore
The Hill’s E2 Wire
President Obama hopes to fill his 2012 campaign scorecard this fall by focusing on executive actions and smaller-bore legislative items.

States accuse EPA of exceeding its authority with climate change plan
The Hill’s E2 Wire
The attorneys general in 17 states contend the Environmental Protection Agency has overreached in pursuit of President Obama’s plan to counter the effects of climate change via federal regulation.

House climate hearing draws EPA, Energy Dept. chiefs – and that’s it
The Hill’s E2 Wire
Nearly a dozen federal agencies have declined to send a witness to next week’s House Energy and Commerce Committee hearing on the White House climate change plan, a GOP aide said.

Macedonia: Long-term returns in energy prove difficult
Financial Times
With a click on his computer, Kocho Angjusev projects a map of Macedonia on to his flat screen monitor in his Skopje office. The map highlights each of his 14 mini-hydro plants located on rivers round the country, varying in capacity from 3.5MW to just 120kW.

Environmental Project Developers South Pole Carbon And Carbon Green Africa Reach Major Milestone
The Paramus Post
Over the past few decades, deforestation due to issues such as population growth and unsustainable forest management have ravaged the once vast Miombo forest in Zimbabwe.

Former Tullett Broker Starts Commodities Options Business
Richard Wilson, a director of carbon emissions, coal and iron ore at Tullett Prebon Plc (TLPR) until April, has set up his own commodities options brokerage.

Will Costa Rica’s New Voluntary Carbon Trading System Work?
Climate Progress
Costa Rica’s President Laura Chinchilla signed a decree earlier this week ushering in a carbon market for the Central American nation. The market will be overseen by the country’s Department of Climate Change, and according to the government it will be the first carbon market in the developing world.

Climate Derivatives Have Destroyed Energy Innovation
Carol Pierson Holding on Huffington Post
For many years, I have rooted for the free market to fix the problem of climate change. I believe in innovation and the power of entrepreneurship. I watched industry transformation real-time in the communications industry through revolutions in telephony, data and broadband.
**RKB — Some in the social responsibility corner are getting frustrated with the slow creep of market-based climate solutions. Here, Pierson Holding, who writes on social responsibility, including at, stacks up criticism of Richard Sandor and others. She also references the blog, below, from DeSmog Canada, also on Huffington Post. In a nutshell, she argues, “Maybe financial innovation just doesn’t mix with environmentalism. Rather it’s the production side of capitalism, where innovation should happen.” The California and RGGI markets, both continuing to move in the right direction, will argue innovation can step in at many points in the process.

Why Hasn’t the Free Market Solved Climate Change?
DeSmog Canada on Huffington Post
One of the great mysteries of contemporary capitalism is the fact that as a system it appears absolutely incapable of responding to the crisis of climate change. Why can’t a system that made the automobile into an accessible mass consumer good provide us with clean and efficient mass transit, or at the very least electric cars? Why are we still burning coal, the energy source that drove the Industrial Revolution over 200 years ago? Where are all the new green enterprises leading the way into a low-carbon future?


EMA’s 17th Annual Meeting
September 25-27
Las Vegas, Nevada

Climate Strategies Forum
Association of Climate Change Officers
October 14-17
Washington, D.C.

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco, California

FT Global Shale Energy Summit
October 21

Solar Power International
October 21-24

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


Carbon Rises as Industry Concerned Allowances Will ‘Skyrocket’
European Union carbon permits rose for a fourth week as a chemicals industry lobby group in Brussels said factories in the region were concerned prices will surge.

Disney To Expand Voluntary Carbon Offset Buying
Ecosystem Marketplace
The entertainment giant that runs the “Happiest Place On Earth” is wild about carbon offsets, so much so that the Walt Disney Company will expand its already substantial voluntary offset purchasing program to account for indirect emissions generated by its operations, an effort to be financed by the $11-14 per-tonne internal carbon price the company charges its business units.

The Peru Carbon Fund: A Peruvian Standard For Peruvian Forests
Ecosystem Marketplace
Most carbon standards aim to serve either regional compliance programs or global voluntary models. The Peru Carbon Fund (PCF) has carved out a third niche: one designed for the voluntary market and the Peruvian legal landscape.

Council leaves carbon trust alone
Campbell River Mirror
City council Tuesday voted to hold off on asking the province to repeal the Pacific Carbon Trust – a provincial emissions reduction program – despite objections from one councillor and the mayor.

Natural Gas/Coal/Alternative Fuels

China to invest 80 billion yuan in oil and gas exploration this year
China will invest 80 billion yuan ($13.07 billion) in oil and gas exploration in 2013, state media said on Sunday, as it tries to boost energy supplies reduce its dependence on energy imports.

Aussie coal chief says resource ‘not dead’
Climate Spectator
The outgoing chief of one of Australia’s largest thermal coal producers says the resource is not “dead and buried”, according to a report in The Australian Financial Review.


German Energy Plan ‘Schizophrenic’ as Coal Beats Gas, Greens Say
Germany’s renewable-energy drive is boosting carbon emissions by spurring coal-fed electricity generation at the expense of cleaner-burning natural gas, Lower Saxony’s environment minister said.

In a sign of reforms to come, newcomers snap at heels of Japan’s utilities
The Fukushima nuclear disaster is driving one of Japan’s biggest industry overhauls since World War Two, as new, nimble suppliers take business from the big regional power monopolies, and manufacturers, from steelmakers to drinks firms, generate their own power and sell what they don’t need.

Bosch Solar Unit Quits U.S. Business After Missing Sales Targets
Aleo Solar AG (AS1), the German solar-panel producer owned by car-parts maker Robert Bosch GmbH, will withdraw from the U.S. because it’s losing money there.

Tongwei to Buy Former LDK Solar Unit for 870 Million Yuan
Tongwei Group, a Chinese polysilicon producer, agreed to purchase a former unit of LDK Solar Co. for 870 million yuan ($142 million) to expand into solar-cell and module manufacturing.

Vestas May Supply 750 MW of Wind Turbines to EDF in U.S.
Vestas Wind Systems A/S (VWS) may supply EDF Renewable Energy with as much as 750 megawatts of turbines for U.S. wind farms in 2014 and 2015, the first new deal in the country announced by the company this year.


How Microsoft spends its carbon-fee bounty
As part of its quest for carbon neutrality, last summer Microsoft began charging all business divisions for the carbon they emit.

What’s in store for energy management companies in 2014?
Energy management companies, especially those that make data collection software, can expect heavy interest from corporations in the coming year, according to a survey of global companies.


U.K. Water Regulator Challenge Casts Doubt on Super-Sewer
Britain’s biggest water and waste company is facing questions from regulatory authorities over its bid to raise customer bills by about 8 percent a year to help pay for a “super-sewer” project in London.

Manila Water Plunges After Ordered to Cut Rates: Manila Mover
Manila Water Co. (MWC) tumbled the most in more than four years in Philippine share trading after the nation’s regulator rejected its petition to increase rates and ordered it to cut tariffs.

Kenya discovers vast water source
News 24
Cape Town – Five giant aqifers or underground lakes of water have been identified in the dry Turkana region of Kenya using remote sensing and actual drilling.


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

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit

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)
World Bank

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace

View all reports >

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