In this edition: “Rio, China Say They Won’t Use Sold CO2 Credits for Limits,” Bloomberg reports. “Cap And Trade Lives, And Works, In Northeastern US,” says respected blog Energy Collective. And, “Three London Employees Leave GreenX’s London Office, CME Says,” according to Bloomberg.

Quote of the Day:

“We cannot do double counting. We will make that clear.”

–Chinese Climate Official Wang Shu, in Bloomberg’s “Rio, China Say They Won’t Use Sold CO2 Credits for Limits”

Lead Stories

Rio, China Say They Won’t Use Sold CO2 Credits for Limits
Officials from Rio de Janeiro and China said they would not use emission-reduction credits that have been exported when accounting for new domestic greenhouse- gas targets, potentially easing climate negotiations.

Hillary Clinton to head US delegation to UN earth summit
The Hill’s E2 Wire
Secretary of State Hillary Clinton will lead the U.S. delegation at the upcoming United Nations Conference on Sustainable Development (dubbed Rio+20) in Rio de Janeiro, Brazil, the State Department announced Tuesday.

Cap And Trade Lives, And Works, In Northeastern US
The Energy Collective
Cap and trade went nowhere in Congress early in the Obama administration, but that’s not the end of the emissions-limiting scheme’s story in the United States, not by a long shot.  
**RKB – Worthy blog that even regularly generates informed public comments.

‘Dallas,’ Updated for a New Energy Age
The New York Times
Reviewing the television revival of “Dallas,” which makes its premiere on TNT tonight, Alessandra Stanley describes how the characters’ energy philosophies have been updated for 2012. Christopher, son of the amiable Bobby, champions clean energy; John Ross, son of the villainous J.R., wants to frack at Southfork. Unfortunately, Ms. Stanley writes, that is the “one hilarious element” of the new series, which she describes as “old hat.”
**RKB — Rescued this one from potential ambiguity in our “Miscellaneous” story category for a place near the top. Couldn’t help it. I started fondly remembering Friday nights in flannel jammies, with Coca-Cola, neat, in a high-ball and the first run of Dallas on the tube. Alt energy will take all the plugs thrown its way, even in a so-far panned revival of a nighttime soap in a reality-tv world.

Three London Employees Leave GreenX’s London Office, CME Says
Three unidentified employees of CME Group Inc. (CME)’s GreenX unit in London have left the company, Allan Schoenberg, a CME spokesman, said today by phone.

ICE Futures U.S. Announces Daily Volume Record
Press Release
IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets announced that ICE Futures U.S. established a daily volume record of 851,852 contracts on June 12, with 801,304 futures contracts and 50,548 options on futures traded during the day. The exchange’s previous daily volume record of 840,591 contracts was set on September 16, 2008.

The Gold Standard expands: announcements on forestry & land-use and a new ‘Cities Programme’
Press Release
Based upon consistent stakeholder lobbying and the strongly positive outcome of a 2011 scoping exercise, The Gold Standard Foundation is expanding its project scope into land use and forestry. This is a significant step in the development of the Standard that, in its first decade, focused only on renewable energy and energy efficiency projects.  

A State-by-State Climate Map
The New York Times
A new interactive map released by the group Climate Central summarizes the average temperatures of each of the 48 contiguous United States for the last 100 years. By clicking across the country (try it on the map above), you can see that lately, temperatures have been trending up no matter where you live.
**Click here for the map.

EU May Soften Draft Energy Savings Law, Drop CO2 Option
The European Union may soften a planned energy efficiency law and drop references in that legislation to withdrawing permits from the bloc’s carbon market, according to EU officials.  

Measurement for Management
CDP Cities 2012 Global Report
Carbon Disclosure Project


Responsible Business Summit
June 27 -28, 2012, New York

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

Sustainability Summit – Innovation Challenge
October 9, 2012
New York


Germany Sells 850,000 2012 EU CO2 Futures at 6.68 Euros on EEX
Germany sold 850,000 European Union 2012 carbon permit futures at 6.68 euros ($8.41) a metric ton in an auction on the European Energy Exchange AG.  

New York court nixes challenge to carbon market
A New York state court on Wednesday dismissed a Tea Party-backed lawsuit that tried to block the state from participating in a cap-and-trade system to cut carbon emissions in the Northeast, finding that the plaintiffs had no grounds to challenge the program.

Natural Gas/Coal

Falling Coal Use in U.S. Fails to Stem Global Growth: BP
Falling coal consumption in the U.S. last year failed to stem the pace of growth in the fuel’s use globally, which was driven by China, Australia, Ukraine and South Korea, according to BP Plc. (BP/).

Canada Seeks Alternatives to Transport Oil Reserves
The New York Times
As the United States continues to play political Ping-Pong with the fate of the Keystone XL pipeline, Canadian officials and companies are desperately seeking alternatives to get the country’s nearly 200 billion barrels in oil reserves — almost equal to that of Saudi Arabia — to market from landlocked Alberta.

Coal miner Whitehaven rebuffs takeover proposal
Financial Times
Whitehaven Coal has received a buyout proposal from its biggest shareholder just two months after completing a complex three-way merger that made it Australia’s largest publicly listed coal producer by market capitalisation.  

Coal’s resurgence undermines fight against global warming
Increased use of coal and heavy use of other fossil fuels such as oil and gas led to a 3% increase in world carbon emissions from energy in 2011.


Brazil’s Aeris Energy to Quadruple Wind-Turbine Blade Production
Aeris Energy, the Brazilian maker of blades for wind turbines, will build a factory in the northeastern city of Feira de Santana and double capacity of an existing facility.

Welspun plows $1bn into Indian wind farms
Business Green
Indian power producer Welspun Energy plans to invest $1bn to develop two wind farms in the state of Karnataka over the next five years.

U.S. Solar Grew 85 Percent in First Quarter, SEIA Says
Developers installed 85 percent more solar panels in the U.S. in the first quarter than a year earlier, led by strong growth in commercial projects and demand in New Jersey, according to the Solar Energy Industries Association.


Navy Sails to Greener Future
Wall Street Journal
Next month, in naval exercises off the coast of Hawaii, five U.S. warships will make history: They will be the first to use biofuels to power their huge turbines, as well as the jet planes screaming off a carrier’s deck and helicopters hovering overhead.

Coca-Cola enjoys sweet taste of sustainability success
Business Green
Coca-Cola in the UK has reported that it has cut its carbon emissions by almost a fifth since 2007, revealing that a raft of sustainability initiatives last year led to deep cuts in greenhouse gas emissions and water use.


Energy Technology Perspectives 2012 (Posted June 11, 2012)

Strengthening the European Union Emissions Trading Scheme and Raising Climate Ambition
WWF/Greenpeace/Oko Institut (Posted June 11, 2012)

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

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