In this edition, a Bloomberg report leads as China’s southern province of Guangdong sells 3 million metric tons of emission permits for 180 million yuan ($30 million) in its first auction. Plus, contradictory angles as the globe awaits China’s coal future. The International Business Times says China Will Increase Coal Consumption Despite Efforts To Reduce Carbon Emissions, A New Report Finds. China can’t kick its coal habit, despite government efforts to clean up the nation’s pollution. The world’s second-largest economy will continue to produce and consume as much of the fuel as the rest of the world combined over the next five years, according to a report released by the International Energy Agency Monday. The AFP offers, Coal demand to slow: IEA. Find both and more in our Leads section.
Quote of the Day:
“This could help to promote demand for CERs and it puts another plank on the bridge between the pre-2020 Kyoto Protocol and the post-2020 Durban Platform.”
–Assaad Razzouk, group chief executive of Sindicatum Sustainable Resources, speaking on the Warsaw meeting decision to promote voluntary cancellation of carbon emission reductions, in “International carbon bank could revive flagging market” from Eco-Business.
Guangdong Sells $30 Million CO2 Permits in First Auction
China’s southern province of Guangdong sold 3 million metric tons of emission permits for 180 million yuan ($30 million) in its first auction.
International carbon bank could revive flagging market
On the surface, the recently-concluded United Nations climate talks in Warsaw have failed to revive the global carbon market with observers saying it could remain “in the coma” for years. But experts point to certain signs of life in the market, which could see a price recovery in the next two years.
EU, US trade talks could usher in cheaper energy imports
European negotiators, hoping to cut fuel bills, will press their US counterparts in Washington this week to include energy exports in a transatlantic trade pact that aims to integrate the two markets, which account for half of the world’s economy.
China Will Increase Coal Consumption Despite Efforts To Reduce Carbon Emissions, A New Report Finds
International Business Times
China can’t kick its coal habit, despite government efforts to clean up the nation’s pollution. The world’s second-largest economy will continue to produce and consume as much of the fuel as the rest of the world combined over the next five years, according to a report released by the International Energy Agency Monday.
Coal demand to slow: IEA
The rise of demand for coal is expected to slow as China looks to cleaner energy sources, the United States turns to cheaper gas, and Europe sees the end of a temporary rebound, the IEA says.
Wind Power Rivals Coal With $1 Billion Order From Buffett
The decision by Warren Buffett’s utility company to order about $1 billion of wind turbines for projects in Iowa shows how a drop in equipment costs is making renewable energy more competitive with power from fossil fuels.
U.S. lawmakers want hearing on natural gas methane emissions
Democratic lawmakers concerned about the growing U.S. reliance on natural gas for electricity on Tuesday called for a congressional hearing on emissions of methane – a potent greenhouse gas – from oil and gas production.
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
Anti-carbon tax crusader receives plum appointment
Tim Wilson, the Director of Climate Change Policy at the Institute of Public Affairs has been appointed by Attorney General George Brandis to a $332,000 a year role as Australia’s Human Rights Commissioner.
First Chinese forest project seeks local carbon cash
A Chinese forestry firm has applied to receive offset credits under the nation’s nascent carbon market, the first to target domestic emissions trading schemes to fund reforestation projects.
ClimeCo Reaches Compliance Offset Agreement Under California’s Cap-and-Trade Program
ClimeCo Corporation (ClimeCo) has entered into an agreement for the sale of greenhouse gas (GHG) offset credits under California’s cap-and-trade program.
Europe in $US28bn gas deal
The consortium developing a huge Azerbaijani natural gas field has signed a final investment deal that paves the way for the first deliveries to Europe, opening up a key route beyond Russia.
Britain Opens Door to More Shale Gas Drilling
Reuters/New York Times
The British government signaled on Tuesday that it was intensifying its efforts to encourage the development of shale gas production, with plans to award a new set of shale drilling licenses next year despite persistent opposition from environmental groups.
Applying Creativity to a Byproduct of Oil Drilling in North Dakota
The New York Times
Viewed from outer space, the 1,500 blazing oil well flares burning off excess natural gas illuminate the plains of western North Dakota more brilliantly than Minneapolis hundreds of miles away.
E.ON sells stake in Mitte unit for $839 million
E.ON (EONGn.DE) agoup of municipal shareholders, bringing the German utility closer to completing a 20-billion-euro disposal program.reed on Tuesday to sell the grid activities of regional unit E.ON Mitte AG for 610 million euros ($839 million) to a gr
American Water Works Affirms Forecast After 15 Purchases in 2013
American Water Works Co. (AWK), the largest publicly traded water utility in the U.S., affirmed its 2013 forecast today and said earnings per share next year would be in the $2.35 to $2.45 range.
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
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