Today’s edition kicks off with a Bloomberg interview with IETA’s Dirk Forrister who sees plenty of room for market-based solutions in the loose climate plan hammered out by the U.N. over the weekend. Market-based mechanisms such as emissions trading are regarded by groups including IETA and the Climate Markets and Investment Association as being the most economically efficient way to achieve a set target for reducing climate pollution. The UN’s Kyoto Protocol gave 39 industrialized countries a goal of a collective 5.2% cut in greenhouse-gas output from 1990 levels by 2012, and discussions are continuing over extending a target to 2020. In a New York Times Op-Ed, former U.N. Secretary General Kofi Annan makes a plea for more decisive climate action. Read more in our Leads section.
Quote of the Day:
“Markets are going to be a part of the future architecture. We have to fight to ensure they’re workable and that they’ve got good fundamentals.”
–Dirk Forrister, the chief executive officer of the International Emissions Trading Association, in Bloomberg’s “Markets Have ‘Deep Roots’ in UN Climate Process, IETA Says”
Markets Have ‘Deep Roots’ in UN Climate Process, IETA Says
Market mechanisms such as the European Union’s emissions-trading system still have “deep roots” in the United Nations climate talks after negotiators failed to adopt major decisions this year, the head of a trading lobby said.
Op-Ed: Climate Crisis: Who Will Act?
Former U.N. Secretary General Kofi Annan in The New York Times
The last-minute deal at the United Nations Climate Conference in Warsaw keeps hopes for a comprehensive successor agreement to the 1997 Kyoto protocol alive. But let us be clear: Much more decisive action will be needed if we are to stand any chance at fending off the dangers of climate change.
Commentary: How rich countries dodged the climate change blame game in Warsaw
After sitting through the final week of the United Nations climate change negotiations in Warsaw, one thing has become abundantly clear. Rich countries are desperate to avoid taking the blame for the impacts of climate change on nations with a lot less money but an awful lot more to lose (like their entire country, for example).
Shanghai, Beijing schemes to launch
China will launch two new pilot carbon trading schemes this week in Beijing and Shanghai as it strives to cut soaring rates of greenhouse gas, reduce choking smog and determine the best system for a nationwide roll-out.
New Study Finds U.S. Has Greatly Underestimated Methane Emissions
The New York Times Dot Earth blog
A comprehensive new study of atmospheric levels of methane, an important greenhouse gas released by leaky oil and gas operations and livestock, has found much higher levels over the United States than those estimated by the Environmental Protection Agency and an international greenhouse gas monitoring effort.
Anthropogenic emissions of methane in the United States
Urbanites Flee China’s Smog for Blue Skies
The New York Times
DALI, China — A typical morning for Lin Liya, a native of Shanghai transplanted to this ancient town in southwest China, goes like this: See her 3-year-old son off to school near the mountains; go for a half-hour run on the shores of Erhai Lake; and browse the local market for fresh vegetables and meat.
Spain revising renewable energy laws to avoid lawsuits – sources
Spain’s government is rewriting planned new rules on renewable energy to shield itself from an avalanche of litigation if the regulation is passed in current form, four industry sector sources said.
Elon Musk’s Latest Innovation: Bonds Backed by Rooftop Solar Power
Triple Pundit blog
We all know that Elon Musk is one of the world’s great innovators. The South African-born developer of PayPal, and current CEO of both Telsa Motors and Spacex may well be a legend in his own time. In 1992, he dropped out of a Ph.D program in Physics at Stanford to pursue entrepreneurial aspirations in the Internet, space exploration and renewable energy. To date, he has achieved major successes in two out of three.
US opens turbine research centre
South Carolina’s Clemson University last week cut the ribbon on a $US108 million ($118 million) wind-turbine research facility that experts say could spur more US wind power development in the southeastern United States.
Study: Insulation could save industry 3.5 billion euro a year
Better insulation could shave 4% off European industry’s total fuel consumption and emissions bill, a sum worth 3.5 billion euro a year, says an unpublished report by the Ecofys consultancy.
CarbonExpo Australia 2013
December 2-4, 2013
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
Singapore’s first carbon neutral event convenes global sustainability leaders
Singapore’s first carbon neutral event – the Responsible Business Forum on Sustainable Development (RBF) – gathered some 500 government, business and civic society leaders in the city-state today for a series of high-level discussions based on the theme “Transformation, Growth and the Green Economy”.
PM urges carbon repeal by Dec
Prime Minister Tony Abbott is demanding the Senate votes on his carbon tax repeal bills before Christmas. The move will hand him his first double dissolution election trigger.
Natural Gas/Coal/Alternative Fuels
US boom could hit gas projects
The United States shale gas boom could have serious consequences for Australia’s coal-seam gas and liquefied natural gas industry, one of world’s the biggest suppliers of pumping equipment to the mining sector says, The Australian reports.
Green Plains buys two ethanol plants
U.S. ethanol producer Green Plains Renewable Energy Inc said it has completed a previously announced acquisition of two ethanol plants from privately held Ethanol Holding Co.
Analysis: Still-pricey ethanol credits show risk of EPA rule challenge
In theory, the U.S. Environmental Protection Agency’s move last week to slash the amount of ethanol to be blended into gasoline next year should have reduced the value of volatile compliance credits to near zero.
Swedish utility to offload $3.4bn in wind assets
Vattenfall has mandated Morgan Stanley to organise the sale of a British wind park as the Swedish utility scales back outside its home market, two people familiar with the matter said.
Brazil State Seeks 180 Megawatts of Solar Farms to Lure Industry
Brazil’s northeastern state of Pernambuco will auction 180 megawatts of solar farms on Dec. 20 as it seeks to become a manufacturing hub for the expanding industry.
Duke Developing 30 Megawatts of Solar Projects in North Carolina
Duke Energy Corp. (DUK), the largest U.S. utility owner, is developing three solar farms with 30 megawatts of capacity in eastern North Carolina.
Enel Green Begins Construction of Chile’s Biggest Solar Project
Enel Green Power SpA (EGPW), a unit of Italy’s biggest utility, began construction on Chile’s largest solar farm in the northern Atacama desert.
Enbridge Eyes New Quebec Wind-Power Investments, CEO Monaco Says
Enbridge Inc. (ENB), Canada’s largest pipeline operator, is considering additional wind-farm projects in Quebec to take advantage of the province’s strategy to expand renewable-power output, Chief Executive Officer Al Monaco said.
Lincoln Renewable Starts Construction on Texas Wind Farm
Lincoln Renewable Energy LLC, a developer of solar and wind energy projects, started building a 300-megawatt wind farm in northwest Texas.
Report: Australia’s Groundwater Is Worth Billions
Circle of Blue
A new study finds that Australia’s groundwater contributes more to GDP than some industries.
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
Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
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)