In this edition, market coverage in Reuters’ EU carbon market expects narrow win in crucial rescue vote and Point Carbon’s Japan, Vietnam sign carbon offset market deal. And an interesting analysis piece from The FT covering Norwegian’s provocative plan to curb climate change wins EU prize.
Quote of the Day:
“If it’s (backloading) not supported, I don’t think the (European) Commission will have the courage to propose anything better.”
–German politician Peter Liese in Reuters’ “EU carbon market expects narrow win in crucial rescue vote”
EU carbon market expects narrow win in crucial rescue vote
Members of the European Parliament on Wednesday will vote on a compromise plan to try to prop up the EU emissions market, the world’s biggest carbon trading scheme.
Japan, Vietnam sign carbon offset market deal
Reuters Point Carbon
Vietnam has become the sixth country to sign up to a scheme that allows Japanese companies to earn cheap carbon credits by helping developing nations cut CO2 and other greenhouse gas emissions, the Japanese government announced on Tuesday.
EPA kicks off first phase in Obama’s carbon emission crackdown
The Environmental Protection Agency (EPA) has taken the first steps towards delivering on President Obama’s pledge to tighten emissions rules for power plants, with reports confirming the agency has submitted a new set of draft emissions standards to the White House.
Norwegian’s provocative plan to curb climate change wins EU prize
Paying Canadians to keep their oil sandsin the ground to curb climate change might not sound like an obvious vote winner to a cash-strapped European government.
Saudi Arabia Starts Survey of Renewable Energy Potential
Saudi Arabia started a program to assess its potential for generating renewable energy, part of an effort to lure $109 billion for building a solar industry that will free up more of its crude oil for export.
Obama Climate Plan Seen by Environmentalists Adding Jobs
President Barack Obama’s plan to use regulations to curb carbon-dioxide emissions from power plants could result in the U.S. economy adding jobs — not losing them — as well as lower electricity rates, according to an analysis released by an environmental group that favors the rules.
Peru Will Look For Global Commitment On Climate Change During COP 20
The Ministry of Environment of Peru (MINAM) received the news that Peru will host the 20th session of the Conference of the Parties (COP) to the UNFCCC (United Nations Framework Convention on Climate Change) in 2014 with optimism and expectation. The department believes this meeting (where more than 190 countries of the world will convene) represents a step towards a 2015 global agreement with concrete and binding commitments to address the impacts of climate change.
Apple plans Nevada solar farm in clean energy push for data centers
Apple Inc said it plans to build a new solar farm with NV Energy Inc for power supply to its new data center in Reno, Nevada, a major step towards its goal of having its data centers run on renewable energy.
EMA’s 17th Annual Meeting
September 25-27, 2013
Monte Carlo Resort, Las Vegas, NV
Sparking California’s Move to Help Meet the State’s 2050 GHG Goals
California’s long-term goal of cutting greenhouse gas (GHG) emissions 80 percent from 1990 levels by the year 2050 will be tougher, less efficient and more expensive without a significant shift toward electrification, a revamp of our electricity pricing structure, an expansion of our carbon trading program and increased market certainty for clean tech investors. These are the conclusions of a new study, Electricity Pricing and Electrification for Efficient Greenhouse Gas Reductions (www.next10.org), released today by the nonpartisan, nonprofit group Next 10 and authored by Lee S. Friedman, economist and UC Berkeley Professor of Public Policy.
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.
New program sees Crown land reforested
HQ Prince George.com
A new partnership between the Carbon Offset Aggregation Cooperative and the provincial government will see trees planted on Crown land. The BC Forest Carbon Partnership Program will use private sector investment to reforest land impacted by the mountain pine beetle. COAC CEO MaryAnne Arcand says over time hundreds of thousands of hectares will be replanted.
Natural Gas/Coal/Alternative Fuels
Mismanagement of Abundance: Constellation of Coal Mines Across India Not Enough to Prevent Blackouts
Circle of Blue.org
If there is a region where India’s resource-driven economic ambition has the potential to succeed, it is here in Chhattisgarh, a water- and energy-rich eastern state comprised of coal-dusted cities and a constellation of open-pit and underground mines that spread across the countryside like black stars.
Costs rise for Southern Co’s coal gasification plant
The cost to finish building Southern Co’s controversial coal-gasification power plant in Kemper County, Mississippi, may increase by at least $160 million to $4.5 billion or more, or more than double initial cost estimates, the company said in a filing with regulators.
Gamesa to Supply 23 Wind Turbines in Andhra Pradesh for ITC
Gamesa Corp. Tecnologica SA (GAM) will supply 46 megawatts of wind power to a unit of India’s ITC Ltd. as the Spanish turbine manufacturer seeks to grow in the nation seeking alternatives to fossil fuels.
Brazil’s Eletrosul to Enter Solar Project in 2014 Power Auction
Eletrosul Centrais Eletricas SA, a unit of Brazil’s state-controlled power utility known as Eletrobras, next year plans to start seeking contracts to sell power from solar plants it expects to build in coming years.
The Looming Water Crisis
Barry Yeoman – Saturday Evening Post
Ten years ago, the U.S. General Accounting Office asked state water managers about their future concerns. Of the 47 states that responded, 36 predicted shortages by 2013 under normal conditions, 46 under drought conditions. Their forecasts proved prescient. In the Colorado River Basin, which encompasses seven states and is home to 40 million people, a government report released last December says demand could dramatically outstrip supply by 2060. The river’s two largest reservoirs, Lake Mead and Lake Powell, stand a 50-50 chance of running dry by 2021—if we do nothing to address dwindling resources, says another study by scientists at the Scripps Institution of Oceanography at the University of California, San Diego.
Trading Water: The Most Valuable Commodity?
Amar Daryanani – TraderPlanet
We all know the value of precious metals and other powerful commodities and their uses. Most of these are widely traded in different exchanges around the world. However, there is one commodity that is not yet publicly traded as such and that’s water, also known by many as the “blue gold.”
Saur to Write Off 900 Million Euros of Buyout Debt From 2007
Saur SAS, a French water provider, is writing off 900 million euros ($1.2 billion) of debt in a restructuring proposal backed by banks and shareholders.
World’s Largest Permafrost City Wins EBRD Drinking-Water Funding
Yakutsk, the largest city where the soil is perennially frozen, won a 2.1 billion-ruble ($64 million) loan from the European Bank for Reconstruction and Development for a new reservoir and water-treatment plant.
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