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.

Lead Stories

Quebec set to launch carbon market with first permit auction
Reuters
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.
http://jlne.ws/1cVj9bp
**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
Bloomberg
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.
http://jlne.ws/1eOkW38

Green Climate Fund May Lure Investors Seeking Bond Alternatives
Bloomberg
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.
http://jlne.ws/1jkdgt0

States to EPA: Keep Cap-and-Trade Alive
National Journal
Cap-and-trade legislation is long dead in Congress, but Northeastern states are pressing the Environmental Protection Agency to keep the concept alive elsewhere.
http://jlne.ws/1eV6nLW

Green for Green: The Buyers That Stand Behind Forest Carbon
Ecosystem Marketplace
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.
http://jlne.ws/1bdXnfW

Steel lobby Eurofer urges EU to review energy, climate policy
Reuters
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.
http://jlne.ws/1hxyOmB

Sea-Level Rise Too Fast to Reverse Climate Change: Study
Bloomberg
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.
http://jlne.ws/18BZz6B

How fast is the Earth’s climate actually changing?
USA Today
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.
http://jlne.ws/1iyn4l3

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.
http://jlne.ws/1g5wuTw

Events

CarbonExpo Australia 2013
December 2-4, 2013
Melbourne
http://www.carbonexpo.com.au/

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
climateleadershipconference.org/

Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
www.nacw2014.org

Carbon

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.
http://jlne.ws/1bHL6GE

SA govt expects carbon tax to go
AAP
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.
http://jlne.ws/1gDKdhI

Labor slows push to kill climate agencies
AAP
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.
http://jlne.ws/1bfMGh3

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.
http://jlne.ws/1eOmPNb

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.
http://jlne.ws/IrJi8m

Raizen Ethanol Exports Threatened by Cuts to U.S. Mandate
Bloomberg
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.
http://jlne.ws/19gt3S4

Power

Britain to change subsidies to boost offshore wind power
Reuters
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.
http://jlne.ws/1cl7QLd

Final go-ahead for NSW wind farm
ABC
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.
http://jlne.ws/1dPjDo7

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.
http://jlne.ws/IGExYc

CleanTech

Carbon Nanofibers Offer Cheap Way to Convert CO2 To Fuel
CleanTechnica
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.
http://jlne.ws/1caCL9v

Water

Swiss Water Planning $200 Million of Projects in Pakistan
Bloomberg
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.
http://jlne.ws/1eOoItk

Reports

OECD: Effective carbon prices (November 4, 2013)
http://jlne.ws/176gahP

Global 500 Climate Change Report 2013 (Posted September 12, 2013)
CDP
http://bit.ly/16mBo8p

The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
http://bit.ly/14Bk1k2

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
http://bit.ly/19LKChs

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://bit.ly/12z1YK5

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank
http://bit.ly/14KrLza

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
IEA
http://bit.ly/12Bpk41

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace
http://bit.ly/12Cyi0X

View all reports >

Pin It on Pinterest

Share This Story