In this edition’s Leads section, updates on RGGI in the Northeast U.S. to California to Australia and the EU carbon market. Also, news coverage on developments at the U.S. EPA in Chemical, oil companies fear potential EPA rule will expose trade secrets and EPA sends White House revised emissions rule for new power plants.
Quote of the Day:
“They were very close to overriding his veto the last time. New Jersey still needs to develop a carbon plan in response to EPA regulations and there’s good reason for legislators to change their mind if they didn’t support it before.”
–Dale Bryk, director of the energy and transportation program at the Natural Resources Defense Council in New York, in Bloomberg’s “New Jersey May Join Climate Group Christie Opted Against”
New Jersey May Join Climate Group Christie Opted Against
New Jersey would rejoin nine U.S. Northeast states in a market to reduce greenhouse gas emissions if it musters enough votes to pass legislation that Governor Chris Christie has vetoed twice.
New Compliance Association Unites California Offset Project Developers
Stemming from the Navigating the American Carbon World conference in 2012, the newly formed Compliance Offset Developers Association (CODA) seeks to unite project developers and to support an effective cap-and-trade program in California. CODA provides a platform for sharing technical knowledge and ideas as they pertain to the Air Resources Board.
Ministers and blue chips unite in call to save EU carbon market
The UK has again joined with 11 other countries and businesses across Europe to call on the European Union to urgently approve a temporary fix to its Emissions Trading System (ETS) that could force up the price of carbon.
Some climate advocates open to idea of dumping carbon tax
Climate advocates are open to the idea of “dumping” the carbon tax by bringing forward a floating carbon pricing scheme, but they have some important provisos.
COLUMN-China CO2 growth has turned a corner: Gerard Wynn
The relentless growth in China’s carbon emissions looks to have peaked and started to slow, in part simply because of a cooling economy but also the result of new targets to curb pollution and climate change.
Ed Davey insists that UK’s ‘lights are going to stay on’
Utilities will be paid to bring mothballed power stations back into commission under government plans to bridge a looming power supply gap, according to Ed Davey, energy secretary.
Chemical, oil companies fear potential EPA rule will expose trade secrets
The Hill’s E2 Wire
Chemical and energy companies are warning the Obama administration that a new proposal on reporting greenhouse gas emissions information could put trade secrets at risk.
EPA sends White House revised emissions rule for new power plants
The Hill’s E2 Wire
The Environmental Protection Agency on Monday sent its revised greenhouse gas emissions rule for new power plants to the White House, The Hill has confirmed.
GOP seeks to tie McConnell foe to Obama climate policy
The Hill’s E2 Wire
Republicans are quickly seeking to transform President Obama’s climate policy into a political liability for Alison Lundergan Grimes, who on Monday announced that she’s challenging Senate Minority Leader Mitch McConnell (R-Ky.) in the 2014 election.
4 Reasons Renewable Energy Is Ready for the President’s Climate Action Plan
World Resource Institute Insights
The White House’s climate action plan aims to transform the U.S. electricity system in the coming decades. The President directed the Environmental Protection Agency (EPA) to develop and implement standards to reduce carbon dioxide pollution from power plants, double renewable energy in the United States by 2020, and open public lands to an additional 10 gigawatts of renewable energy development, enough to power more than 6 million homes.
EMA’s 17th Annual Meeting
September 25-27, 2013
Monte Carlo Resort, Las Vegas, NV
RM Williams Agricultural Holdings, the private carbon farming and cattle company run by former News Ltd chief Ken Cowley has been placed into receivership
The company, which owns large areas of land used for carbon sequestration and cattle production in Queensland and the Northern Territory, appointed insolvency firm PPB Advisory as administrators last week, AAP reported this afternoon.
Commentary: It’s time Australia moved to full-blown emissions trading scheme
Ending the carbon tax and moving to emissions trading – as Kevin Rudd is reportedly considering – is the right thing to do.
Resources council encourages emissions trading float
The Queensland Resources Council says an increase to the carbon price is not acceptable during the current economic climate.
Natural Gas/Coal/Alternative Fuels
Fracking London Stockbroker-Belt Looms as U.K. Hunts Oil: Energy
The rolling country south of London is called the stockbroker belt for the residents who pay 50 percent above the U.K. average to live in pristine villages. The advent of shale oil under their lawns may shatter the idyll.
Putin pushes Russian agenda at global gas summit
President Vladimir Putin has defended the long-term supply deals under which Russia exports its gas and warned that abandoning them would undermine global energy security.
RPT-Coal shares tumble as investors see no sign of turnaround
Dave Steinberg often feels like one of the last remaining bulls in the tumbling U.S. coal market, and even he struggles to put a happy face on the industry.
U.S. is not waging ‘war on coal’: Energy Secretary Moniz
The U.S. government is not waging a “war on coal” but rather expects it to still play a significant role, U.S. Energy Secretary Ernest Moniz said on Sunday, rejecting criticism of President Barack Obama’s climate change plan.
In Montana’s coal country, industry on the defensive
The Globe and Mail
After several years of taking a beating from the poor economy, new pollution rules and a flood of cheap natural gas, the coal industry was on the rebound this year as mining projects moved forward in the western U.S. and demand for the fuel began to rise, especially in Asia.
Iberdrola Boosts Divestments to $1.3 Billion Selling Chile Stake
Iberdrola SA (IBE), Spain’s biggest power utility, completed sales of assets in Chile and the Mediterranean, raising its tally of divestments in the past year to more than 1 billion euros ($1.3 billion).
China’s Sinovel to Divest Overseas Units After U.S. Indictment
Sinovel Wind Group (601558) Co., China’s third-biggest wind-turbine maker, agreed to divest four units abroad after it was charged with stealing trade secrets from its former U.S. supplier.
Spain to deal blow to renewables
Spain will announce what the government expects to be its “definitive” energy reform before the end of July in a move likely to slash profitability across the country’s renewable energy sector.
One small town wind farm, 286 owners
The Globe and Mail
David Swan carefully manoeuvres his electric Nissan Leaf up the twisty dirt road that leads to the peak of Spiddle Hill, one of the gentle mountains that dot the region around Tatamagouche in northern Nova Scotia.
Indian Solar-Energy Credits Drop to Floor Price for First Time
Indian solar-energy credits in June fell as much as 19 percent from the previous month, sinking to their floor price for the first time since trading began last year as new sun-powered plants came on line.
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)
Mapping carbon pricing initiatives: developments and prospects (Posted May 30, 2013)
Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change