Energy-related carbon dioxide (CO2) emissions in 2013 in the United States will be roughly 2% above the 2012 level, largely because of a small increase in coal consumption in the electric power sector, according to federal energy data, reported by Reuters. The U.N.’s top climate official levels both criticism and praise at China, the globe’s top emitter but one who’s doing something about it.
Quote of the Day:
“They actually want to breathe air that they don’t have to look at. They’re not doing this because they want to save the planet. They’re doing it because it’s in their national interest.”
–Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change, in Bloomberg’s “Top Global Emitter China Best on Climate Change, Figueres Says”
European Energy Exchange acquires majority stake in Cleartrade Exchange
EEX Press Release
The European Energy Exchange (EEX), the leading Energy Exchange in Europe, and Cleartrade Exchange (CLTX), a Singaporean Futures Exchange founded in 2010, today announced that an investment deal has been concluded. EEX has become the new majority shareholder, with a 52 % holding in CLTX.
Top Global Emitter China Best on Climate Change, Figueres Says
China, the top emitter of greenhouse gases, is also the country that’s “doing it right” when it comes to addressing global warming, the United Nations’ chief climate official said.
West Virginia Lifts Ban After Spill Fouled Drinking Water
West Virginia has started to lift a ban against using water after testing showed reduced levels of a chemical that leaked into supplies five days ago forcing officials to tell 300,000 people not to drink from their taps.
US energy emissions to rise
Energy-related carbon dioxide (CO2) emissions in 2013 in the United States will be roughly 2 per cent above the 2012 level, largely because of a small increase in coal consumption in the electric power sector, according to federal energy data.
Australia ‘second dirtiest’ advanced economy
Australia is second only to Estonia in terms of carbon emissions per unit of GDP, a report by the Organisation for Economic Co-operation and Development (OECD) has found, while it still heads the list of per capita emitters, The Guardian reports.
Danish Investors Back Climate Fund for Emerging Economies
PensionDanmark A/S and other Danish pension investors backed a state fund to finance emission-reduction projects in developing countries as the Scandinavian nation seeks to export its climate know-how abroad.
Italy’s Letta sees opportunities in Mexico’s energy reform
Italian Prime Minister Enrico Letta said on Monday he sees opportunities for Italian firms to invest in Mexico’s energy sector thanks to a government opening of the ailing, long-shuttered industry.
Wind reigns in Spain
Wind power met 21.1 per cent of Spain’s electricity demand last year, topping all other sources and contributing to a 23.1 per cent decrease in grid emissions, The Guardian reports.
Milbank Represents Lender in Financing of Pattern Energy’s “Panhandle 2” Wind Farm in Texas
In its latest large project financing in the U.S. renewable energy sector, Milbank, Tweed, Hadley & McCloy LLP has represented Morgan Stanley as the debt provider to finance construction of a major new wind farm under development in Carson County, near Amarillo, Texas.
**RKB — Expected to be operational in the fourth quarter of 2014, the Panhandle 2 facility will connect to the state’s main power grid, generating wind power from 79 Siemens 2.3 MW SWT-2.3-108 wind turbine generators.
RGGI Auction 23 Bidder Information Session
January 15, 2014
The webinar is open to the public, but pre-registration is required for participation instructions.
Webinar: Prospects for a New Carbon Market: Cap-and-Trade Under Clean Air Act Section 111(d)
January 29, 2014
Click here for more information and to register.
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Round Table: California Clean Energy Markets and Policy Strategies
February 28, 2014
Click here for more information and to register.
Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
13th Biennial Conference and Trade Fair on Business and Sustainability
March 26-28, 2014
Vancouver, British Columbia
Natural Gas/Coal/Alternative Fuels
Calls for Oversight in West Virginia Went Unheeded
The New York Times
The accidents kept coming and so did the calls for a plan to improve West Virginia’s chemical safety regulations.
Costa Rica Utility to Get $70 Million Loan for Geothermal Plant
Instituto Costarricense de Electricidad, Costa Rica’s state-run utility, will a receive $70 million loan from the European Investment Bank to expand a geothermal power plant as the nation seeks to get all of its energy from renewable sources.
Jinkosolar Considers Selling Off Solar Project Business
JinkoSolar Holding Co. (JKS), a Chinese solar-panel producer, is considering a spinoff or public share sale for its project development unit to expand the business.
Resonance Boosts Funds to $100 Million, Buys U.K. Wind Farms
Resonance Asset Management LLP raised $100 million and bought four British wind farms as it targets assets with long-term returns and state backing.
Hungary PM to meet Russia’s Putin, nuclear deal likely
Hungarian Prime Minister Viktor Orban and Russian President Vladimir Putin will meet in Moscow on Tuesday, the Kremlin said on Monday, and a diplomatic source said they were likely to sign a nuclear cooperation deal.
A New Strategy To Improve Water Quality One Targeted Watershed At A Time
Water quality in the United States remains a major environmental and policy challenge. Water pollution is also a growing and serious problem across much of the world. Tackling water quality problems, particularly from diffuse sources such as agricultural farm fields, is a substantial challenge and much can be learned from the U.S. experience.
California Carbon Market Watch: A Comprehensive Analysis of the Golden State’s Cap-and-Trade Program,Year One (January 8, 2014)
Assessing Corporate Emissions Performance Through the Lens of Climate Science (December 2013)
Climate Counts and Center for Sustainable Organizations
Use of internal carbon price by companies as incentive and strategic planning tool (Posted December 11, 2013)
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
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)