In this edition, coverage of Europe’s electricity challenges, in Vattenfall writes down $4.6 billion in ailing energy market from Reuters and an FT column A real energy revolution needs us to look beyond sound bites. From the U.S.: House Lawmakers Say Renewable-Fuel Mandate Will Change.

Quote of the Day:

“Like other European energy producers, Vattenfall is affected by the increasingly gloomy market prospects. The company now makes the assessment that the market will not recover in the foreseeable future.”

–Vattanfall Chairman Lars Nordstrom and Chief Executive Oystein Loseth said in a statement covered by Reuters.

Lead Stories

Vattenfall writes down $4.6 billion in ailing energy market
Reuters
Vattenfall VATN.UL, one of Europe’s biggest energy companies, has written down the value of its business by 30 billion crowns ($4.6 billion), seeing no prospect of a recovery in the region’s ailing electricity markets.
http://jlne.ws/13bkcOB

Column: A real energy revolution needs us to look beyond sound bites
FT.com
The origins of Britain’s impending energy crisis go back half a century. The Beatles were in their heyday, the young Harold Wilson was a freshly elected prime minister committed to “the white heat of technology”. But British consumers experienced power cuts during the winter.
http://jlne.ws/17CcJLZ

Nation warms to carbon price as execs worry
The Australian
MORE Australians are in favour of having a price on carbon than they were almost two years ago but most believe their business will remain uncertain about the issue over the next two to three years, according to two new surveys.
http://jlne.ws/12hdKdR

House Lawmakers Say Renewable-Fuel Mandate Will Change
Bloomberg
Republican and Democratic U.S. lawmakers said legislative changes probably will be made to the Renewable Fuel Standard while a repeal of the quotas as demanded by refiners is unlikely.
http://jlne.ws/1bKEAhF

Leading Republican says U.S. biofuel policy needs overhaul
Reuters
The U.S. biofuel system “cannot stand” in its current form, the Republican head of the House Energy and Commerce committee said on Tuesday as lawmakers – largely divided between oil states and rural states – seek common ground on the renewable fuel program.
http://jlne.ws/163aQbL

India’s Solar Developers Object to Retroactive Tariff Cut
Bloomberg
Five solar energy developers asked an Indian regulator to throw out a local government’s attempt to impose retroactive reductions in the rate paid for electricity generated from renewables.
http://jlne.ws/12K78Qj

Bad trade, toxic chemicals and climate change: What you can do
GreenBiz.com
From issues as big as tackling the effects of climate change to relatively smaller-scale ones like creating safer chemicals, responsible and sustainably-focused business owners have an essential role to play in voicing their opinions to policy makers.
http://jlne.ws/166EdYt

Obama enters impact investing arena with new program
GreenBiz.com
At the G8 Social Impact Investing Forum last month, the Obama Administration announced an initiative to spur economic growth and job creation through enterprises that reflect the triple bottom line of social, economic and environmental performance.
http://jlne.ws/16Ydqgg

Events

Water and Society 2013
September 4-6
New Forest, U.K.
http://jlne.ws/13bNnUA

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

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco, Calif.
http://jlne.ws/1bAKXT4

Solar Power International
October 21-24
Chicago, Illinois
http://jlne.ws/184e0wa

Natural Gas/Coal

China’s Coal-Fired Economy Dying of Thirst as Mines Lack Water
Bloomberg
At first glance, Daliuta in northern China appears to have a river running through it. A closer look reveals the stretch of water in the center is a pond, dammed at both ends. Beyond the barriers, the Wulanmulun’s bed is dry.
http://jlne.ws/13bbmjN

Senate GOP prods Obama on Keystone
The Hill’s E2 Wire
Senate Republicans are threatening a showdown on the Keystone XL oil sands pipeline that could derail an energy efficiency bill for the second year in a row.
http://jlne.ws/12KvedG

Sen. Shaheen: Keystone-free efficiency bill can clear House
The Hill’s E2 Wire
Sen. Jeanne Shaheen (D-N.H.) said her bipartisan energy efficiency bill that’s likely coming to the Senate floor next week can clear the House too, even if approval of the Keystone XL pipeline isn’t included in the package.
http://jlne.ws/1beLI6S

Power

Brazil Lowers Wind-Energy Prices by 20 Percent in August Auction
Bloomberg
The Brazilian government lowered the maximum price developers may sell energy by 20 percent in next month’s auction for new wind farms.
http://jlne.ws/1be4cnK

Jim Hansen Presses the Climate Case for Nuclear Energy
The New York Times
I encourage you to watch this short video interview with climate scientist and campaigner James E. Hansen, posted by the folks who brought you “Pandora’s Promise,” the flawed but valuable film arguing for a substantial role for nuclear energy in sustaining human progress without disrupting the climate.
http://jlne.ws/137YwC2

Buffett’s PacifiCorp Agrees to 160-Megawatt Wind Deal With Apex
Bloomberg
PacifiCorp, a utility unit of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), agreed to buy power from a wind farm that Apex Clean Energy Inc. plans to build in Utah.
http://jlne.ws/17BQS7b

Eckert looks to tap green energy surge with flotation plans
FT.com
Green entrepreneur Neil Eckert is betting on a surge in renewable energy as he looks to float his company Aggregated Micro Power Holdings.
http://jlne.ws/1c1h7aH

Water

India to Boost Spending Seven-Fold to Map Water Aquifers
Bloomberg
India, the second-most populous nation, will boost spending to map underground water resources more than seven-fold to 33 billion rupees ($552 million) as the overuse of wells depletes aquifers, an official said.
http://jlne.ws/18BkpCv

Reports

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://jlne.ws/12z1YK5

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 >

Pin It on Pinterest

Share This Story