In this edition, Russia reportedly nears joining the global carbon market roster, says a well-known blog. Two stories on power linkages caught our eye: Commission says EU-China energy efficiency links are ‘deepening’ reports EurActiv.com and India, Pakistan Discuss Joint Power Grid, says The Wall Street Journal.

Quote of the Day:

“But backloading is only an instrument to buy the necessary time to maintain the Emissions Trading System (ETS) as we need structural reform. If the carbon price falls below 3 euro a tonne, it will have no more effect.”

–German MEP Matthias Groote in EurActiv’s “Zombie carbon markets to be shocked back to life”

Lead Stories

Russia edges closer to carbon market pilot
Responding to Climate Change blog
The Russian government and business have appear to have tacitly agreed that the country needs its own national carbon market in order to stay relevant in the greening world economy.
http://jlne.ws/13DXS4T

Steel lobby says EU CO2 targets require technology breakthroughs
Reuters
European steelmakers need new, breakthrough technology to be able to meet the EU’s proposed target of cutting their carbon emissions by about 90 percent by 2050 from 1990 levels, industry body Eurofer said.
http://jlne.ws/12ebnqi

MEPs’ move to fix EU carbon market praised
BBC
The UK government and green groups have welcomed a European Parliament move to rescue the EU’s carbon trading scheme, but say deeper reforms are needed.
http://jlne.ws/14WMAWq

Zombie carbon markets to be shocked back to life
EurActiv.com
A patched-up plan to shock Europe’s zombie carbon markets back to life will pass a plenary vote at the European Parliament on Wednesday (3 July), but this will only “buy time” for more fundamental reform, says the chairman of the Parliament’s environment committee.
http://jlne.ws/18H1dT9

Commission says EU-China energy efficiency links are ‘deepening’
EurActiv.com
As the EU considers ways of renovating away the 40% of energy guzzled each year by its last-millennium housing stock, China is grappling with the consequences of a runaway housing boom.
http://jlne.ws/181nqID

India, Pakistan Discuss Joint Power Grid
The Wall Street Journal
India has warmed up to arch-rival Pakistan by offering to help its neighbor resolve an acute power shortage that has plunged its cities in hours of darkness and blighted economic growth, two senior government officials confirmed Friday.
http://jlne.ws/14WTF9z

Britain opens world’s largest offshore wind farm
Reuters
The world’s largest offshore wind farm, which can generate enough electricity for half a million homes, was officially opened off Britain’s south-east coast on Thursday.
http://jlne.ws/1a4xjpB

Obama administration preparing host of new environmental regs
The Hill’s E2 Wire
The Obama administration is looking forward to a host of new environmental regulations that go far beyond the president’s plans to issue new standards for greenhouse gas emissions from new and existing power plants.
http://jlne.ws/18H9eHw

Obama’s Remarks Offer Hope to Opponents of Oil Pipeline
The New York Times
The political ground may be shifting under the Keystone XL pipeline.
http://jlne.ws/15pNBIO

Obama channels his inner Al Gore in climate change messaging shift
The Hill’s E2 Wire
President Obama is channeling his inner Al Gore in his new climate push with a public relations strategy that breaks with his first term.
http://jlne.ws/12PJpMS

From Forests to Fossil Fuels: U.S. Energy Consumption Since 1776
Time Magazine
More than 200 years of U.S. energy statistics show the dominance of fossil fuels like oil and coal. Will the trend change in the future?
http://jlne.ws/1d7Z2W5

Events

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

Carbon

EU CO2 price may rise, gas plants’ disadvantage to remain
Fitch Report
The European Parliament’s initiative to temporarily withdraw some carbon emission permits could push prices higher if it gains traction, says Fitch Ratings. But on its own it will probably not move permit prices enough to reverse the competitive advantage coal-fired power plants hold over natural gas-fired facilities.
http://jlne.ws/14WL7PS

COLUMN-Lesser-known CO2 storage idea merits attention: Wynn
Reuters
Technology that would convert carbon dioxide from a scourge on the climate to beneficial products is inching towards commercial reality and is already cheaper than carbon capture and storage.
http://jlne.ws/16YHZnX

Drax’s Sole Bid for Carbon Capture Funds Casts Doubt on EU Goals
Bloomberg
A European Union program to fund as many as 12 carbon capture projects attracted only one bid for the emissions-trapping technology, a proposal submitted by a venture between Drax Group Plc (DRX), Alstom SA (ALO) and BOC Group Ltd.
http://jlne.ws/12PyYsI

Barclays Energy Trader Karim Kanji Says He Has Quit Bank
Bloomberg
Karim Kanji, head of coal, dry-freight and iron-ore trading at Barclays Plc (BARC) in London, resigned from the bank last week amid a financial-industry shift away from energy and commodity markets.
http://jlne.ws/1d7SarR

Avis offsets near 200,000 tonnes of CO2
Press Release/thegreencarwebsite.co.uk
One of the biggest car rental firms in the world, Avis Budget Group estimates that it has offset 198,578 tonnes of CO2 since it signed an agreement with global offsetting firm, CarbonNeutral back in 2007.
http://jlne.ws/12ecNkI

Carbon offsets start to add up in Chilliwack
The Progress
Chilliwack’s public sector has spent tens of thousands of dollars on carbon offsets last year, according to the latest government reports.
http://jlne.ws/1d7VTFQ

Natural Gas/Coal/Alternative Fuels

Quebec Disaster Spurs Rail-Versus-Pipelines Debate on Oil
Bloomberg
A train disaster in Quebec promises to touch off a debate over the safety record of using railroads or pipelines such as TransCanada Corp. (TRP)’s Keystone XL to carry crude oil.
http://jlne.ws/182AiBD

British Company Applies for Shale Gas Fracking Permit
The New York Times
Cuadrilla Resources, a private equity-backed British oil and gas company, continues to try to find a way to produce shale gas in its home country.
http://jlne.ws/12RpVMl

Brazil’s Ethanol Demand Seen Rising by Copersucar on Fuel Price
Bloomberg
Ethanol demand in Brazil, the largest sugar producer, is set to gain as the price of the biofuel at the pump is now more competitive than gasoline, according to Sao Paulo-based trader and producer Copersucar SA.
http://jlne.ws/16YGYMI

COLUMN-Obama’s phoney war on coal: Kemp
Reuters
“The president has declared war on coal,” West Virginia Senator Joe Manchin complained last month.
http://jlne.ws/12RjBVd

At Anchor Off Lithuania, Its Own Energy Supply
The New York Times
The first Soviet republic to reclaim its independence was Lithuania. But more than two decades later, the energy industry of this European Union member still feels like an outpost of a creaking empire run from Moscow.
http://jlne.ws/1bhoydq

Power

Armed Indians Hurt Hydro Spending by Utilities: Corporate Brazil
Bloomberg
Armed invasions by indigenous groups and cost surges of as much as 53 percent are making it harder for the government to lure private investments to hydropower projects in the Amazon, a cornerstone of President Dilma Rousseff’s plan to ensure energy supplies.
http://jlne.ws/12RhWyX

Hollande Fires Energy Minister Batho Amid Nuclear-Power Debate
Bloomberg
President Francois Hollande’s ouster of Environment Minister Delphine Batho after she criticized the government’s budget plans for next year comes at a critical time for the country’s energy policy.
http://jlne.ws/14BSopg

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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