In this edition, carbon market coverage from Reuters’ in “Shuttle diplomacy under way on global aviation emissions deal” and from Business Green’s “Chinese minister confirms carbon tax is on its way”. Plus, “Enbridge Agrees to Buy 50 Percent of Quebec Wind Farm From EDF.”
Quote of the Day:
“With continual change in carbon policy, it’s very unclear as to what other forms of generation you ought to invest in.”
–Grant King, Managing Director at Australia’s Origin Energy, in Bloomberg’s “Origin Says Australia Carbon Policy Changes May Delay Investment”
Shuttle diplomacy under way on global aviation emissions deal
Diplomatic talks on a deal to curb greenhouse gas emissions from the global aviation industry have intensified recently as EU and U.S. officials try to stave off the threat of a trade war, lawmakers and observers said.
Barack Obama urged to act on deal for global aviation pollution
Barack Obama must act fast to avoid a trade war over Europe’s efforts to curb airlines’ carbon pollution, a key member of the European parliament has warned.
Carbon emissions trading gains momentum in China
Chinese government officials, environment and energy experts, and entrepreneurs have vowed to join hands in accelerating the process of building a nationwide carbon emissions trading market.
Chinese minister confirms carbon tax is on its way
China’s strategy for combating climate change will at some point include a tax on greenhouse gas emissions, according to the country’s finance minister.
Republicans Propose Limiting Obama Climate Plan in Budget
House Republicans proposed cutting the Environmental Protection Agency’s budget by a third and denyingfunds for a key part of President Barack Obama’s plan to combat global warming.
GOP senators: EPA ‘deliberately’ inflating rule’s benefits
The Hill’s E2 Wire
A group of Republican senators suggest the Obama administration may be purposefully overstating the benefits of new environmental rules by more than $2.2 billion to make them seem more valuable.
Nuclear Closures at Entergy to Exelon Seen on Obama Plan
Nuclear reactors that light New York City and Chicago with carbon-free electricity face possible extinction before they can reap the benefits of President Barack Obama’s proposed climate rules.
CME Orders Trader to Pay $2.1 Million in Trade-Manipulation Case
Michael Coscia and his company, Panther Energy Trading LLC, were fined $800,000 by CME Group Inc. (CME) and ordered to give back more than $1.3 million for allegedly manipulating electronic markets using algorithmic computer programs.
Water and Society 2013
New Forest, U.K.
EMA’s 17th Annual Meeting
Las Vegas, NV
Verge: Where Tech Meets Sustainability
San Francisco, Calif.
Solar Power International
Origin Says Australia Carbon Policy Changes May Delay Investment
Origin Energy Ltd. (ORG), Australia’s largest electricity and gas retailer, said shifting government policies to reduce carbon emissions will discourage investment in power plants.
Low carbon price fuels more coal: Origin’s King
Energy companies will build more coal-fired power stations rather than switch to cleaner gas if the carbon price remains low when it floats next year, warns Origin Energy CEO Grant King.
California Again Leads The Way, This Time With Forest Carbon Offsets
Forbes contributor network
Californians are known as innovation leaders, and once again, we are on the verge of demonstrating critical leadership. Only this time it isn’t about the Internet, social networking, reality television, venture capital or electric cars. It is about stopping tropical deforestation and supporting local communities. ‘What!?’ you say? How is the great state of California, home of bankrupt and massive, thirsty desert cities and Silicon Valley, a place that elected such juggernauts of history as Ronald Reagan and Arnold Schwarzenegger, about to lead in avoiding tropical deforestation?
Natural Gas/Coal/Alternative Fuels
U.S. rules on fracking on public lands seen costing drillers dearly
Oil and gas companies in the U.S. West would face at least $345 million a year in extra costs if rules on hydraulic fracturing on public lands proposed by the Obama administration are finalized, industry groups said on Monday.
A Patchwork of Biofuels
The New York Times
With diesel engines and their ultra-low-sulfur fuel now green enough even to meet California rules, one remaining environmental objection is that the fuel still starts from a barrel of nonrenewable petroleum.
Cuadrilla in Talks With United Utilities for U.K. Water Supplies
Cuadrilla Resources Ltd., a U.K. shale explorer, is in discussions with United Utilities Group Plc (UU/) over water supplies for its sites in northern England.
European refiners squeezed in Africa by rising U.S exports
A sharp increase in U.S. gasoline exports to West Africa is threatening to undercut European refiners’ dominance of that market, further darkening the outlook for an industry that has already been shrinking.
Busy global oilfields shield Halliburton from US gas glut
Halliburton Co on Monday delivered a higher-than-expected quarterly profit as it found greater success outside its natural gas-engorged home market in the United States.
China Resources Shareholders Reject Merger With Gas Company
The Wall Street Journal
China Resources Power Holdings Co.shareholders rejected a proposed merger with piped-gas distributor China Resources Gas Group Ltd. that would have created one of China’s largest energy companies.
Labour to challenge coal power capacity payments
Labour will oppose government plans to allow coal power stations to bid for multi-million pound subsidies that would extend their lives well into the 2020s.
EDF Agrees to Buy 200-Megawatt Wind Project in Texas Panhandle
The U.S. unit of French utility Electricite de France SA agreed to buy a 200-megawatt wind project in the Texas Panhandle. Terms weren’t disclosed.
Enbridge Agrees to Buy 50 Percent of Quebec Wind Farm From EDF
Enbridge Inc. (ENB), Canada’s largest pipeline company, agreed to buy 50 percent of an 80-megawatt wind farm in Quebec from French utility Electricite de France SA. Terms weren’t disclosed.
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)
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