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”

Lead Stories

New Jersey May Join Climate Group Christie Opted Against
Bloomberg
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.
http://jlne.ws/1awfPW4

New Compliance Association Unites California Offset Project Developers
Ecosystem Marketplace
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.
http://jlne.ws/1aweyhC

Ministers and blue chips unite in call to save EU carbon market
Business Green
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.
http://jlne.ws/16KrSu9

Some climate advocates open to idea of dumping carbon tax
The Guardian
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.
http://jlne.ws/17AWPSy

COLUMN-China CO2 growth has turned a corner: Gerard Wynn
Reuters
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.
http://jlne.ws/12CDquZ

Ed Davey insists that UK’s ‘lights are going to stay on’
Financial Times
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.
http://jlne.ws/10vroXK

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.
http://jlne.ws/1607LFV

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.
http://jlne.ws/1b3kzks

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.
http://jlne.ws/1b3kIob

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.
http://jlne.ws/15cbHGD

Events

EMA’s 17th Annual Meeting
September 25-27, 2013
Monte Carlo Resort, Las Vegas, NV
http://jlne.ws/192w3CR

Carbon

RM Williams Agricultural Holdings, the private carbon farming and cattle company run by former News Ltd chief Ken Cowley has been placed into receivership
AAP/Beef Central
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.
http://jlne.ws/13i4abI

Commentary: It’s time Australia moved to full-blown emissions trading scheme
Guardian
Ending the carbon tax and moving to emissions trading – as Kevin Rudd is reportedly considering – is the right thing to do.
http://jlne.ws/11bMHQI

Resources council encourages emissions trading float
ABC
The Queensland Resources Council says an increase to the carbon price is not acceptable during the current economic climate.
http://jlne.ws/14JBVhQ

Natural Gas/Coal/Alternative Fuels

Fracking London Stockbroker-Belt Looms as U.K. Hunts Oil: Energy
Bloomberg
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.
http://jlne.ws/16KmtDl

Putin pushes Russian agenda at global gas summit
Reuters
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.
http://jlne.ws/19PtXqs

RPT-Coal shares tumble as investors see no sign of turnaround
Reuters
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.
http://jlne.ws/14mCjnx

U.S. is not waging ‘war on coal’: Energy Secretary Moniz
Reuters
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.
http://jlne.ws/13i8Can

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.
http://jlne.ws/13mGhyq

Power

Iberdrola Boosts Divestments to $1.3 Billion Selling Chile Stake
Bloomberg
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).
http://jlne.ws/19Qdxlc

China’s Sinovel to Divest Overseas Units After U.S. Indictment
Bloomberg
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.
http://jlne.ws/14KGJD8

Spain to deal blow to renewables
Financial Times
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.
http://jlne.ws/1b3jd9r

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.
http://jlne.ws/14JxeVb

RECs

Indian Solar-Energy Credits Drop to Floor Price for First Time
Bloomberg
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.
http://jlne.ws/17PPC4J

Reports

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

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

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

Mapping carbon pricing initiatives: developments and prospects (Posted May 30, 2013)
World Bank
http://jlne.ws/15iik9E

Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change
http://jlne.ws/ZWPD1Z

View all reports >

 

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