In this edition, a South China Morning Post feature argues that while China launched five regional carbon emissions exchanges last year, and two more are expected soon, it is years away from having a mature trading platform. Plus, South Korea’s refusal to revise estimates of future greenhouse gas emissions could earn it the world’s highest carbon price, say researchers at Thomson Reuters Point Carbon.

Quote of the Day:

“This type of climate change-denying conservatism is willfully ignorant, head-in-the-sand nimbyist conservatism. When married to the Europhobia innate to parts of the Conservative party, you have a diabolical cocktail that threatens the whole long-term structure of U.K. climate change and energy policy.”

–U.K. Energy Secretary Ed Davey in Bloomberg’s “U.K. Party Politics Threatens Climate Efforts, Davey Says”

Lead Stories

S.Korea risking sky high carbon prices, worry for exports – analysts
Reuters
South Korea’s refusal to revise estimates of future greenhouse gas emissions could earn it the world’s highest carbon price, and have a potentially damaging impact on its export-oriented industry, according to a report released by Thomson Reuters Point Carbon.
http://jlne.ws/1hf7cno

China treads cautiously in setting up carbon emissions trading
South China Morning Post
The mainland, which is taking a cautious approach in building a market-based mechanism for the reduction of greenhouse gas emissions, could shorten its learning curve by drawing lessons from the world’s largest carbon market in Europe.
http://jlne.ws/1mbSvUk

California mulls easing environmental rule for gas-fired power plants
Reuters
California, grappling with how to keep the lights on and meet environmental goals after closing a major nuclear power plant, is considering allowing owners to delay retiring some older gas-fired generators.
http://jlne.ws/1gaqIyk

U.K. Party Politics Threatens Climate Efforts, Davey Says
Bloomberg
The U.K. political consensus on climate and energy policy is crumbling, Energy Secretary Ed Davey will say today, in a swipe at both the opposition party and his partners in the coalition government.
http://jlne.ws/1dmV4x3

Green energy firms clash with big utilities on EU policy
Reuters
Leaders of six green energy firms challenged big utilities on Wednesday by advocating a tougher EU renewable goal to save billions in fossil fuel imports and create hundreds of thousands of jobs.
http://jlne.ws/1cyAntY

Environmental Movement to Test Its Muscle in Keystone Final Stretch
Inside Climate News
With the Obama administration heading into the endgame on the Keystone XL decision, now comes the final test for a resurgent U.S. environmental movement that has put all its chips on blocking the Canada-to-Texas tar sands pipeline.
http://jlne.ws/LWK4LH

A Star Is Born: U.S. Scores Fusion-Power Breakthrough
The Wall Street Journal
U.S. scientists replicated the power of the sun, if only for a fleeting moment, creating a miniature star that has rekindled hopes that nuclear fusion could one day offer a source of cheap and boundless energy on Earth.
http://jlne.ws/1iRzBNJ

The World’s Top 10 Most Innovative Companies in Energy
Fast Company
The world has a challenge on its hands: As people rise out of poverty, their energy consumption rises, too, putting pressure on everyone around the globe to offer game- changing solutions to the greenhouse-gas crisis. These folks are meeting the task.
http://jlne.ws/1kE7uEJ

Events

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

The Microgrid, Distributed Energy, and Renewables: How They Work Together
February 25, 2014
New York
http://jlne.ws/1hTnxNR

Round Table: California Clean Energy Markets and Policy Strategies
EMA
February 28, 2014
San Francisco,CA
Click here for more information and to register.

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

GLOBE 2014
13th Biennial Conference and Trade Fair on Business and Sustainability
March 26-28, 2014
Vancouver, British Columbia
http://jlne.ws/1cAETLI

Carbon

EIB raises 113 mln euros from EU carbon permit sales in January
Reuters
The European Investment Bank sold 22.4 million EU carbon permits in January, the bank said on Wednesday, raising 113.2 million euros ($154.8 million) to fund renewable energy and carbon capture and storage projects in Europe.
http://jlne.ws/1euKzDp

Madagascar Sells First Forest Carbon Credits to Microsoft
Newswise
The Wildlife Conservation Society announced today that the Government of Madagascar has approved carbon sales with Microsoft and its carbon offset partner, The CarbonNeutral Company, and Zoo Zurich. The carbon credit sales will support the Government of Madagascar’s REDD+ Project (Reducing Emissions from Deforestation and Forest Degradation “plus” conservation) in the Makira Natural Park and mark the first sale of government-owned REDD+ credits in Africa.
http://jlne.ws/Mfbm0C

Chevrolet buying carbon credits from U.S. colleges, universities
Clean Tech Canada
Chevrolet is launching a new greenhouse gas (GHG) reduction program that will see it buy carbon credits from colleges and universities in the United States.
http://jlne.ws/1cyD8v6

Natural Gas/Coal/Alternative Fuels

Coal Burns Brighter as Utilities Switch From Natural Gas
Bloomberg
Predictions of coal’s demise in the U.S. may be greatly exaggerated. Natural gas prices at a four-year high have utilities shifting to coal to generate 4.519 million megawatt-hours a day, the most since 2011, government data show. Within three years, coal’s share of power production could climb to 40.3 percent from about 39 percent last year, while gas’s share will probably drop to 27 percent from 27.5, the U.S. Energy Information Administration said.
http://jlne.ws/1bONebp

Same state, new spill
The Hill
West Virginia is facing another chemical spill, but this time it’s coal slurry. On Tuesday, coal slurry from a line in the Patriot Coal facilities spilled into Fields Creek — a tributary of the Kanawha River near Charleston.
http://jlne.ws/1c0LqiB

Power

NRDC and U.S. Utilities Urge Grid Payments for Solar
Bloomberg
The Natural Resources Defense Council and the U.S. utility industry’s trade group are jointly calling for a new rate structure to account for customers that generate their own power with rooftop solar systems.
http://jlne.ws/1g0OIlg

Equis Funds to invest $500 mln in Japanese solar projects
Reuters
Alternative energy investment firm Equis Funds Group plans to raise $500 million over the next year to fund solar energy projects in Japan where the use of renewable energy is expected to at least double over the next 15 years.
http://jlne.ws/1aXXcMr

Austria burdened by Germany’s shift to green power
Reuters
Weather-driven surges of German solar and wind power may lead to higher costs for Austria as its grid is forced to take measures to avoid breaking down, a Austrian energy regulator said, calling for a region-wide solution to excess flows.
http://jlne.ws/1bOOUS0

Statkraft looks beyond low power price with German gas plants
Reuters
Norway’s Statkraft said on Wednesday it will persevere with its three remaining German gas-fuelled power plants despite weak electricity prices and grid priority for green energy.
http://jlne.ws/1hf71II

U.S. Company to Develop 100-MW Gas-Fired Power Plant in Myanma
The Wall Street Journal
APR Energy PLC has won a contract to build a 100-megawatt power plant in Myanmar, becoming the latest American company to join a small contingent that is plugging into Myanmar’s potentially lucrative energy sector.
http://jlne.ws/1cyBV7a

Drought threatens California’s hydroelectricity supply, but solar makes up the gap
San Jose Mercury News
Despite last week’s showers, the lack of rain in California this winter is having a dire impact on the rivers and reservoirs that power the state’s hydroelectricity plants.
http://jlne.ws/1dKidVE

Reports

State of Green Business 2014
GreenBiz.com
http://jlne.ws/1kte6FV

California Carbon Market Watch: A Comprehensive Analysis of the Golden State’s Cap-and-Trade Program,Year One (January 8, 2014)
EDF
http://jlne.ws/1agCk0M

Assessing Corporate Emissions Performance Through the Lens of Climate Science (December 2013)
Climate Counts and Center for Sustainable Organizations
http://jlne.ws/1kZFzuA

Use of internal carbon price by companies as incentive and strategic planning tool (Posted December 11, 2013)
CDP
http://jlne.ws/1dspD1J

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

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

View all reports >

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