China features among our Lead stories in this edition. One article cites a planning official’s prediction of more regional carbon markets operating by year-end, while another piece challenges a regional approach, suggesting a national market will be “cheaper for China” than will provincial operations. Read more on these developments and more, below.
Quote of the Day:
“Retroactive and sudden policy changes have affected grievously the renewables sector and reduced investors’ appetite for this growing and sustainable sector, with investments flowing to other regions.”
–Daniel Fraile, Brussels-based EU energy and climate policy officer for CAN, in Bloomberg’s “EU Nations Urged to Overhaul Energy Markets State Support”
National carbon market ‘cheaper for China’
Reuters Point Carbon
China, the world’s biggest emitter of greenhouse gases, could cut the cost of achieving its emissions target by a fifth by moving away from provincial targets to a nationwide emissions trading market, according to reports across the weekend.
China May Start More Carbon-Trading Markets by Year-End – Official
The Wall Street Journal
China will likely start carbon emissions trading in Beijing, Shanghai and Guangdong province by the end of this year, as part of efforts to control emissions and combat climate change, a senior planning official said Tuesday.
Global action needed to close 8-12 bln tonne emissions gap -UNEP
Greenhouse gas emissions in 2020 will be 8 billion to 12 billion tonnes more than the level needed to keep global warming to only 2 degrees Celsius and avoid severe climate change, a United Nations report estimated on Tuesday.
EU Nations Urged to Overhaul Energy Markets State Support
The European Union presented a set of recommendations for governments to improve their state-aid mechanisms in energy markets, including support programs for renewable energy.
EU Commission seeks to crack down on costly energy subsidies
EU energy prices will rise unless European governments stick to strict guidelines on when subsidies are justified, the European Commission said on Tuesday.
California Emissions Rise in 2012 on Gas-Fired Power Output
Greenhouse-gas emissions from power generators, oil refineries and other plants in California climbed in 2012 as a nuclear plant shutdown and low hydropower supplies increased the state’s reliance on natural gas.
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
Natural Gas/Coal/Alternative Fuels
Chevron and Ukraine Set Shale Gas Deal
The New York Times
Western oil companies trying to find shale gas in Europe are discovering that Ukraine, eager to reduce its dependence on Russian energy imports, is one of their most willing partners.
Solazyme Delays Production at Brazil Plant Until First Quarter
Solazyme Inc. (SZYM), a U.S. producer of renewable oil from algae, expects to begin commercial production at its Moema plant in Brazil later than planned.
Alberta Coal Mine Spills Contaminated Waters Into River
Residents along the Athabasca River, which flows through the oil sands region of Alberta, are being advised to avoid drinking from the waterway after contaminated fluids were released from a coal mine storage pond.
Utilities in Pain Selling Renewable Assets at Record Rate
Wind farms and solar parks are changing hands at record rates, signaling both an increased taste for the assets among pension funds and hard times for utilities that are the biggest sellers
Gamesa Provides 210 Megawatts of Wind Turbines to Brazil Project
Gamesa Corp. Tecnologica SA (GAM), Spain’s biggest seller of wind turbines, will supply 210 megawatts for Brazilian developer Casa dos Ventos Energias Renovaveis’s planned wind farm in the northeastern state of Piaui.
Total Chosen for $200 Million Africa Solar Power Project
Total SA (FP), majority owner of U.S. photovoltaic manufacturer SunPower Corp. (SPWR), was selected by South Africa’s Department of Energy as the preferred bidder for a $200 million solar project.
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)