Today’s issue is more and more about the carbon tax in Australia including an interesting column and analysis by the Business Spectator in “Pain Will Follow Carbon Fantasy,” as well as a story on New Hamshire’s decision to stay in RGGI and the USA Today’s piece on lobbying in “Renewable advocates battle oil industry over energy policy.”

Quote of the Day:

“Economic change never comes easy to Australia. We will ride this out, fight this out, argue it out, and hopefully we can move on.”

– Australian resources minister Martin Ferguson in the Australian’s “We’ll fight for the carbon tax.”

Lead Stories

Carbon-Price Future Clouded as Gillard Trails in Polls
Australia’s price for carbon emissions will survive whatever happens in elections due next year, the government says. Power markets aren’t so sure.
**JK – For as big an issue as this is, its interesting to note the Treasury’s forecast that the tax will add .25% to core inflation in Australia.

Pain will follow the carbon fantasy
Rob Burgess – Business Spectator
We are living through a period of political fantasy that for some people, especially the hugely popular Coalition, is quite pleasant. But as any psychologist will tell you, returning to reality usually involves a good deal of pain.
**JK – Interesting read.

Almost 300 businesses back carbon price
ALMOST 300 businesses including Westpac, AGL, Unilever and GE have signed a joint statement backing a price on carbon.

In New Hampshire, no veto on cap-and-trade compromise
New Hampshire will stick with its cap-and-trade program — for now, at least.

America’s Trucking Newspaper
The California Air Resources Board approved $27 million for its Air Quality Improvement Program, a statewide effort to provide incentives for the purchase of advanced-technology passenger cars and heavy-duty trucks.

White House urges renewal of wind energy tax credits
Ahlstrom said WindLogic has 52 employees, but recently, it reduced its staff by 10 because developers have ceased work on new projects.
**JK – But oil and gas tax credits should remain in place indefinitely.

We’ll fight for the carbon tax: Ferguson
The Australian
A NIELSEN poll published by Fairfax Media on Monday found opposition to the carbon tax had risen three percentage points to 62 per cent, despite outlays of billions of dollars in household compensation.
**JK – Everyone loves the environment until you have to pay to keep it well.

N.Z. Says Agriculture Exempt From Emissions Plan Through 2015
New Zealand will keep agricultural carbon emissions out of its carbon trading plan until at least 2015 to reduce costs on the nation’s producers, Climate Change Minister Tim Groser said.

Tokyo’s Renewable-Energy Hopes May Fall Short
Fresh incentives to provide renewable energy for Japan are drawing private companies into the sector—but experts say the new measures will do little to lift electricity production.
**JK – This comes on the heals of massive protests against the restarting of nuclear power plants in Japan.

Wind Energy Update: Goldwind unveils offshore wind plans and selection criteria
Press release
Although Goldwind plan to move into the offshore market, the research and development manager, Ku Wai, does not believe the offshore wind turbine sector is ready to meet the demand. He explains that “the technical supply chain for offshore in China is not there”. To address this issue Goldwind plan to source 50% of its components from outside of China, because of the better technology and experience in other regions. Ku Wai explains that this will boost foreign sales.

Brazil Stops Authorizing Loans for Foreign Wind Companies
BNDES, Brazil’s state development bank, stopped authorizing loans for purchases of wind turbines produced domestically by international companies that the lender said aren’t meeting local-content requirements.

Renewable advocates battle oil industry over energy policy
USA Today
Last year alone ConocoPhillips, Royal Dutch Shell, Exxon Mobil, Chevron and the American Petroleum Institute, the trade group that represents these energy giants, used $66.2 million for lobbying efforts, nearly 44% of the $150 million total spent by the oil and gas industry, according to data compiled by the Center for Responsive Politics. Collectively, nearly 800 lobbyists worked on behalf of oil and gas interests in 2011.
**JK – And $53m spending by renewable industry,  for 751 lobbyists.


Carbon Forum North America
October 1-2, 2012
Washington, DC

Sustainability Summit – Innovation Challenge
October 9, 2012
New York


Q&A: Australia under a carbon price plan
SBS World News
Australia now places a price on carbon. The former climate change adviser to the Federal Government, Ross Garnaut, a Professorial Fellow in Economics at the University of Melbourne, led the push for a carbon pricing plan. Here he discusses the impact on household electricity costs, and outlines what the Government should do next.

Industry to keep pressure on Government over carbon tax
ON THE day the carbon tax was introduced, Australian industry vowed to continue to pressure the Federal Government to water it down and overturn hundreds of environmental laws.

ETS changes don’t address carbon flood
Scoop News
Forest owners say the government appears to be unconcerned about the tide of European carbon credits flooding onto the New Zealand market.

Natural Gas/Coal

The time has come for natural gas
If there ever was a market that could break investors’ hearts it was natural gas. But something is different now and this ugly duck is finally ready to turn into a swan.

Will Shale Gas Be the Single Solution to America’s Energy Challenges?
There are many potential solutions on the horizon.  But these days many seem to think the light at the end of the energy tunnel is natural gas.

High natural-gas supply keeps growing
Buffalo News
Natural-gas production in the U.S. is almost overwhelming the nation’s storage depots, threatening a drop in prices after the fuel outperformed every other commodity in the second quarter.


Overturning the ’15 Percent Rule’ Can Expand Distributed Generation
Renewable Energy World
If you haven’t heard yet, there’s a “rule” that precludes distributed renewable energy projects from supplying more than 15 percent of the power to most “distribution circuits” (part of the low-voltage electric grid that brings power into homes and businesses).  With the rapidly falling cost of solar power, many places in the country are starting to push up against this limit.

Mass., RI wind area review to aid new projects
Salazar announced the completion of the landmark assessment of the Rhode Island/Massachusetts Wind Energy Area on Monday afternoon. The area is comprised of more than 164,000 acres of mutual interest for the two states.


As State Ramps Up Reliance on Solar, It Looks at New Ways to Meet Goals
NJ Spotlight
The proposal, first floated by the New Jersey Division of Rate Counsel, would no longer require power suppliers to meet mandates, known as Renewable Portfolio Standards (RPS), in the electricity they supply to utilities in an annual auction conducted each February.

Renewable energy plan gains support
The standard requires public utilities to derive at least 10 percent of their electricity this year from renewable sources, such as wind and solar. That mandate increases to 15 percent in 2015, and 20 percent in 2020.


Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production (Posted June 4, 2012)

Vulnerability of US and European electricity supply to climate change (Posted June 4, 2012)
Nature Climate Change

Developing Dimension: State of the Voluntary Carbon Markets 2012 (Posted May 31, 2012)
Ecosystem Marketplace

Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy (Posted May 22, 2012)

Fossil fuel price shocks and a low carbon economy (Posted May 21, 2012)

Using the Allowance Value from California’s Carbon Trading System: Legal Risk Factors, Impacts to Ratepayers and the Economy (Posted May 17, 2012)

Inclusive Green Growth: The Pathways to Sustainable Development (Posted May 9, 2012)
World Bank

Meeting Canada’s 2020 Climate Change Commitments (Posted May 8, 2012)
Office of Auditor General

View all reports >

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