In this edition, our Leads section begins with coverage of Pres. Obama’s comments on climate in Europe and White House efforts to toughen emissions limits on power plants. Plus, Offshore Wind May Become Key to Japan’s Energy Mix, Vestas Says. And, a Christian Science Monitor feature Israel has struck energy gold offshore. Now what?
Quote of the Day:
“The grim alternative affects all nations — more severe storms, more famine and floods, new waves of refugees, coastlines that vanish, oceans that rise. This is the global threat of our time. We have to get to work.”
–U.S. President Barack Obama in a speech in Berlin this week.
Obama’s ambitious new plan to fight climate change
The White House looks to put strict new caps on carbon emissions, Congress be damned.
**RKB — Package expected within weeks, according to several news sources covering these developments.
Obama Readying Emissions Limits on Power Plants
The New York Times
President Obama is preparing regulations limiting carbon dioxide emissions from existing power plants, senior officials said Wednesday. The move would be the most consequential climate policy step he could take and one likely to provoke legal challenges from Republicans and some industries.
**RKB — Operation: Avoid Congress. The plan largely features policies that don’t require congressional action or extra funding, including using the Clean Air Act to tackle greenhouse gas emissions, WH aide Zichal said.
Top Aide to Obama Outlines Coming Climate Strategy
The climate-change policy President Obama is expected to roll out next month will focus on energy efficiency, renewable-energy development on public lands, and—most contentious of the three—regulations controlling greenhouse-gas emissions, a top White House aide said Wednesday.
New Obama climate plan may draw from panel’s recommendations
Clues about what to expect in a White House package of climate measures expected within weeks might be found in a report given to the president in March by a blue-chip team of scientists and business leaders.
NEW REPORT: 2013 Voluntary Carbon Markets Report Now Available For Download
Ecosystem Marketplace Release
We’re not trying to be a tease, but Ecosystem Marketplace’s recently released executive summary of the State of the Voluntary Carbon Markets 2013 report only scratched the surface of what are some interesting and sometimes surprising findings from our survey of the 2012 voluntary offset marketplace.
THE FULL REPORT:
UN: Businesses must prepare for a changing climate
Businesses in every sector of the global economy must prepare for the impacts of a changing climate over the coming decades, from flooding and droughts damaging crops to rising temperatures making ski resorts unviable.
Offshore Wind May Become Key to Japan’s Energy Mix, Vestas Says
Wind energy, especially offshore, could become a key power source as the country reviews its energy strategy, Vestas Wind Systems A/S (VWS) Chief Marketing Officer Morten Albaek said.
Britain to pay more for power than Germany for a decade-C.Suisse
British electricity prices may be almost double those in Germany within three years due largely to the impact of a new tax aimed at supporting renewable power generation, a report by bank Credit Suisse showed on Wednesday.
Utilities Switch Off Investment in Fossil Fuel Plants
The New York Times
On the outskirts of Scunthorpe in northern England, workers at the large power station known as Keadby 1 are preparing to shut it down at the end of the summer, with the loss of about 40 jobs.
Natural Gas Seen as Major New Transport Fuel
The Wall Street Journal
Natural gas is set to emerge as a significant new transportation fuel over the next five years, raising the prospect of a challenge to oil’s dominance in the sector, the International Energy Agency said Thursday.
New York Energy Week
New York, NY
June 24 -28
Sustainable Energy Tech Conference
EMA’s 17th Annual Meeting
September 25-27, 2013
Monte Carlo Resort, Las Vegas, NV
How to put ‘The 3% solution’ to work for your carbon projects
For U.S. corporations to get on track with keeping global warming below 2 degrees Celsius, they’ll need to slash carbon emissions by more than one gigaton in less than 10 years.
Parliament committee votes to prop up EU’s ailing carbon market
The European Parliament’s Environment Committee has given its support to a compromise plan to boost the price of allowances on the EU’s carbon market. To become law, the proposal to temporarily remove some of the glut of permits that has weighed on prices still needs to win backing from a plenary session of the parliament next month in Strasbourg, and from EU member states.
**RKB — More news coverage from this week’s committee-level action on EU’s fix.
Natural Gas/Coal/Alternative Fuels
Israel has struck energy gold offshore. Now what?
The Christian Science Monitor
Two offshore natural gas discoveries in the Mediterranean have left Israel flush with energy reserves for decades to come, but the country is stalled at an economic crossroads with geopolitical consequences as it considers the best way to use them.
Israel to export 40 percent of its natural gas
Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than expected.
EU accused of “hampering” sustainable biofuels
MEPs are “hampering the transition towards more sustainable biofuels” by rejecting proposals to incorporate emissions arising from land-use change into EU biofuels policy, campaigners have alleged.
EU-China solar panel dumping talks continue
The European Union’s trade commissioner said Friday that the EU and China are seeking a negotiated settlement to resolve a solar panel dumping dispute as quickly as possible.
Rupee Drop Imperils $670 Million Solar Projects: Corporate India
The rupee’s 9 percent slide this quarter to a record may reduce returns for $670 million of solar power projects in India as higher import costs hurt developers grappling with a rise in panel prices.
Black clouds hang over Spain’s small solar farms
After retiring from a long career at IBM, Spain’s Angel Miralda poured his savings into a small solar farm in the hilly northern region of Huesca, encouraged by government promises of stable returns.
Samsung Reduces Ontario Renewable-Energy Pledge by $1.9 Billion
Samsung C&T Corp. (000830), South Korea’s second-biggest construction company, reduced by C$2 billion ($1.9 billion) a planned investment in Canada’s renewable-energy industry.
Vestas boosts cash flow with 127-mln-euro plants sale
Danish wind turbine manufacturer Vestas has sold two wind power plants in Romania and Bulgaria for total 127 million euros ($167 million), improving its chances of meeting 2013 guidance for positive free cash flow.
New Ofgem rules may enable Britons to cut energy bills
A number of British consumers may be able to cut their energy tariffs from December under rules proposed by regulator Ofgem that it hopes will encourage competition.
COLUMN-Overcoming objections to smart electricity tariffs: Kemp
By the end of 2015, more than 70 million smart electricity meters will have been installed across the United States.
Riverstone raises $7.7 billion for energy fund
Riverstone Holdings LLC has secured $7.7 billion from investors for its latest fund, the first the energy-focused private equity firm has raised since ending a collaboration with peer Carlyle Group LP.
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
Clearing the Air: Reducing Upstream Greenhouse Gas Emissions from U.S. Natural Gas Systems (Posted April 8, 2013)
World Resources Institute
The State of Green Business 2013 (Posted February 12, 2013)
Can the US Get There from Here? (Posted February 6, 2013)
The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)