In this edition, RGGI is in the spotlight with a release saying 97% of its units meet first compliance hurdle; the New York Times covers the release in its blog. Just Means takes a look at a water finance model. Meanwhile, the API and ANGA say Obama’s EPA overstates pollution from gas fracking.
Quote of the Day:
“[Mitt Romney] believes that the market will take care of this. I wish that were true. I think the market signals will be too late and inadequate and that we will face very serious energy shortages.”
-Rep. Roscoe Bartlett (R-Md.) in Bloomberg’s “Romney Aversion to Wind-Power Aid Alienating Republicans”
Suspended trading and clearing of 2012 EUA and CER June Future Contracts with immediate effect
NASDAQ OMX Commodities hereby notifies that trading and clearing of 2012 EUA and CER June Contracts are suspended with immediate effect. All other Future and Forward Contracts are unaffected and remain open for trading and clearing.”
97% of RGGI Units Meet First Compliance Period Obligations
RGGI Press Release
206 of the 211 power plants subject to the Regional Greenhouse Gas Initiative (RGGI) requirements met program compliance obligations, according to the program’s first three-year Compliance Summary Report. The program’s first three-year control period began on January 1, 2009 and concluded on December 31, 2011.
Emissions Fell Under Cap and Trade Program, Report Says
The New York Times
The cap and trade system known as the Regional Greenhouse Gas Initiative announced Monday that carbon dioxide emissions from power plants in the nine participating states on the East Coast fell by an average of 23 percent during the first three years of the program.
Who’s Brave Enough to Start a Solar Fund Today?
I believe we may be missing the big picture as we focus on the immediate challenges. Here’s why I think a courageous investor would do great investing in solar today.
Romney Aversion to Wind-Power Aid Alienating Republicans
Mitt Romney’s opposition to tax breaks for wind farms puts him at odds with conservative support for renewable energy in states such as Iowa and Texas that have built the largest wind industries with taxpayer help.
Carbon for Water: A New Sustainable Finance Model Saves Lives and the Environment
Clean water is something that most people take for granted. You probably just have to go to your kitchen and turn on the tap. But almost 1 billion people (about 1 in every 8 individuals) don’t have access to clean water. The Water Project says that lack of access to clean water is “one of the greatest causes of poverty in Africa [and] also the most overlooked” problems.
Polluters ‘panic’ at last minute
The Sydney Morning Herald
SENIOR lawyers advising Australian businesses and councils on the start of the carbon tax say some are struggling to prepare, with one warning of ”last-minute panic” a month before the scheme starts.
Energy meltdown looms large over Greece
Greece’s debt crisis threatened to turn into an energy crunch, with the power regulator calling an emergency meeting this week to avert a collapse of the country’s electricity and natural gas system.
Responsible Business Summit
June 27 -28, 2012, New York
Carbon Forum North America
October 1-2, 2012
Sustainability Summit – Innovation Challenge
October 9, 2012
Lessons from London: cutting carbon emissions without the financial risk
The GLA’s retrofitting scheme is set to save the public sector £6m and 36,000 tonnes of carbon by 2015. As public sector organisations face a period of unsurpassed austerity, managers are bombarded with directives to not only cut costs and improve efficiency, but to reduce carbon emissions and lower energy consumption at the same time.
Majority oppose carbon price: poll
The majority of Australians oppose government plans to price carbon, new polling reveals.
Obama’s EPA Overstates Pollution From Gas Fracking, Groups Say
The Obama administration overstated the greenhouse-gas emissions from unconventional natural-gas production, the American Petroleum Institute and the America’s Natural Gas Alliance said today in a study.
API ANGA study: methane emissions are half EPA estimate
API’s Director of Regulatory and Scientific Affairs Howard Feldman told reporters this morning that a URS study prepared for API and the American Natural Gas Association showed that methane emissions from natural gas production were half what had been previously estimated by EPA. He called the new data the most robust the nation now has on this important subject:
Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production
Greens shut websites to protest Canada’s pro-oil stance
Hundreds of environmental and activist groups in Canada shut down their websites for a day on Monday to protest Canadian government policies that will make it easier to build pipelines to transport oil from Alberta’s vast tar sands.
Crude glut, price plunge put oil sands projects at risk
Globe and Mail
Crude prices have now tumbled to a point where some oil sands plants are nearing break-even levels, and the likelihood that low prices will persist is a matter of serious concern for Alberta’s most important industry, international energy research firm Wood Mackenzie warned Monday.
Indonesia eyes coal export curbs, tax
Indonesia plans to curb coal exports and is considering a tax on shipments of the mineral, government officials said on Monday, pushing shares in the country’s leading coal miners down by more than 13 percent.
Nuclear, coal power face climate change risk: study
Warmer water and reduced river flows will cause more power disruptions for nuclear and coal-fired power plants in the United States and Europe in future, scientists say, and lead to a rethink on how best to cool power stations in a hotter world.
Vulnerability of US and European electricity supply to climate change
Nature Climate Change
Repowered Wind Turbines
NextEra Energy Resources replaced 780 older and smaller wind turbines with 34 giant 2.3-megawatt Siemens wind turbines. The new wind turbines can generate enough electricity to power more than 19,500 homes each year.
George Osborne demands massive cuts to windfarm subsidies
Plans for dramatic cuts in government subsidies for onshore windfarms are being drawn up by the Treasury in a move that seriously undermines David Cameron’s claim to be running “the greenest government ever”.
GE Celebrates 10 Years of Advancing Wind Energy
GE, a global technology leader and supplier of wind turbines and related services, is celebrating 10 years of industry leadership in wind energy. Since GE entered the industry through the acquisition of Enron Wind in 2002, it has installed 18,000 wind turbines and grown the business from 500 megawatts to 28 gigawatts of installed capacity. This year, GE expects its wind turbine installed base to exceed 20,000 worldwide.
Jordan to Build Solar Project Funded by Germany, Times Reported
Jordan will start a project to use concentrated sunlight to power air conditioners next month, The Jordan Times reported.
Conergy Agrees to Supply Pakistan’s Largest Solar-Energy Complex
Conergy AG (CGYK), a German solar-panel maker, will plan and supply Pakistan’s biggest solar-power plant as the country seeks to increase access to electricity.
Australia lags in clean tech manufacturing
A WWF report shows Australia is falling behind its trading partners when it comes to sales of clean energy technology built here.
India’s Low-carbon technology market likely to be worth $135 billion by 2020
Times of India
Billions of dollars worth of investment in clean technology and green energy are eyeing India, where the market for low-carbon technology is expected to expand to $135 billion by 2020, according to industry experts, making the country one of the most lucrative destination for companies in the domain.
Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production (Posted June 4, 2012)
Vulnerability of US and European electricity supply to climate change (Posted June 4, 2012)
Nature Climate Change
Developing Dimension: State of the Voluntary Carbon Markets 2012 (Posted May 31, 2012)
Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy (Posted May 22, 2012)
Fossil fuel price shocks and a low carbon economy (Posted May 21, 2012)
Using the Allowance Value from California’s Carbon Trading System: Legal Risk Factors, Impacts to Ratepayers and the Economy (Posted May 17, 2012)
Inclusive Green Growth: The Pathways to Sustainable Development (Posted May 9, 2012)
Meeting Canada’s 2020 Climate Change Commitments (Posted May 8, 2012)
Office of Auditor General