In today’s edition, Quebec set to launch carbon market with first permit auction. Reuters reports that some of Quebec’s biggest polluters will be able to buy carbon permits at the Canadian province’s first such auction on Tuesday, a key step toward linking its cap-and-trade program next year to a similar effort in California. The race to drill for oil in the U.S. is creating another boom—in sand, a key ingredient in fracking, says a feature in The Wall Street Journal. Plus, Methane from Appalachian coal could generate carbon credits in California, reports NPR on its State Impact site.
Quote of the Day:
“This year’s result may not be indicative of future auctions when holding joint auctions.”
–A carbon trader in Reuters’ “Quebec set to launch carbon market with first permit auction” speaking about the Quebec-California tie-up.
Quebec set to launch carbon market with first permit auction
Some of Quebec’s biggest polluters will be able to buy carbon permits at the Canadian province’s first such auction on Tuesday, a key step toward linking its cap-and-trade program next year to a similar effort in California.
**RKB — The floor price for the Quebec auction is C$10.75/t (US $10.10). It is set to rise 5 percent plus inflation next year. California’s floor price during 2013 was US $10.71/t and is set to increase to US $11.34/t in 2014, the state announced on Monday. California and Quebec are expected to hold their first joint allowance auction next year, although the exact date for that sale has yet to be announced.
Australia Plans Carbon Fund to Cut Investor Risk, Survive Attack
The government will design a new carbon-abatement fund in Australia as a long-term vehicle, minimizing the uncertainty plaguing clean-energy projects, the environment minister said.
Green Climate Fund May Lure Investors Seeking Bond Alternatives
The Green Climate Fund, set up by the United Nations to help direct clean-energy funding to developing countries, may lure investors including PensionDanmark A/S seeking higher-yielding bond-market alternatives.
States to EPA: Keep Cap-and-Trade Alive
Cap-and-trade legislation is long dead in Congress, but Northeastern states are pressing the Environmental Protection Agency to keep the concept alive elsewhere.
Green for Green: The Buyers That Stand Behind Forest Carbon
It might not be immediately apparent why insurance giant Allianz, retailer Marks & Spencer, energy company Eneco, airline Qantas or Brazilian cosmetics producer Natura Cosmeticos would invest their money in forest carbon offsets – sometimes from projects on the other side of the world – but they do.
Steel lobby Eurofer urges EU to review energy, climate policy
Europe needs to urgently review costly energy and climate policies if it wants EU steelmaking to have a future, steel industry lobby Eurofer said on Tuesday.
Sea-Level Rise Too Fast to Reverse Climate Change: Study
By the time climate change reduces crop yields or frequently floods New York City subways, it would be too late to avert damage without better forecasting tools, a panel of scientists said in a report released today.
How fast is the Earth’s climate actually changing?
How quickly parts of the Earth’s climate are changing in response to added greenhouse gases and what’s forecast for decades ahead is a mixed bag, a federal advisory council says in a report out Tuesday.
US may be producing 50% more methane than EPA estimate indicated
Tribune Washington Bureau/Sacramento Bee
The United States may be emitting 50 percent more methane, a potent greenhouse gas, than the federal government had previously estimated, according to a new study in the Proceedings of the National Academy of Sciences.
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
Methane from Appalachian coal could generate carbon credits in California
NPR.org State Impact
Methane emissions from coal mines in Pennsylvania and West Virginia could soon become a valuable commodity on California’s cap-and-trade carbon market.
SA govt expects carbon tax to go
The South Australian Labor government is banking on the carbon tax being scrapped with the loss of the expenditure listed in its latest budget figures.
Labor slows push to kill climate agencies
Labor has disrupted the coalition government’s push to fast-track the carbon tax repeal laws through the Senate, buying more time to debate the merit of abolishing two climate change agencies.
Natural Gas/Coal/Alternative Fuels
In Fracking, Sand Is the New Gold
The Wall Street Journal
The race to drill for oil in the U.S. is creating another boom—in sand, a key ingredient in fracking.
California billionaire on crusade against Keystone pipeline
Los Angeles Times
Tom Steyer, the billionaire hedge fund executive and environmental activist from San Francisco, chose his venue carefully.
Raizen Ethanol Exports Threatened by Cuts to U.S. Mandate
Raizen Energia SA, Brazil’s biggest ethanol exporter, is the sugar-cane processor most at risk from a U.S. plan to cut biofuel mandates, threatening the South American country’s $6.4 billion export market.
Britain to change subsidies to boost offshore wind power
The British government plans to reduce support for onshore wind and solar energy while giving more backing to offshore wind power, deputy finance minister Danny Alexander said on Wednesday.
Final go-ahead for NSW wind farm
The controversial Collector wind farm near has been given final approval by the NSW government subject to conditions, ending a three-year application process, ABC Online reports.
Power struggle: Green energy versus a grid that’s not ready
Los Angeles Times
In a sprawling complex of laboratories and futuristic gadgets in Golden, Colo., a supercomputer named Peregrine does a quadrillion calculations per second to help scientists figure out how to keep the lights on.
Carbon Nanofibers Offer Cheap Way to Convert CO2 To Fuel
File this one under “I” for It takes a thief to catch a thief. A research team at the University of Illinois at Chicago is on track to developing a low-cost method for reducing carbon dioxide to carbon monoxide, which puts it one step away from creating synfuels including synthetic gasoline. The secret sauce is the use of carbon nanofibers in combination with another catalyst.
Swiss Water Planning $200 Million of Projects in Pakistan
Swiss Water Tech Research & Development SA, a green-technology developer, said it’s in line to win about $200 million of contracts in Pakistan to supply clean-power plants that run on waste.
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)