In today’s edition, a feature from Ecosystem Marketplace about U.S. regional and state carbon markets in the wake of Obama’s latest moves. And more on Australian carbon markets versus tax in the wake of leadership change there. Plus, global trade wars, solar power, and espionage mystique collide in China’s Sinovel Charged With Stealing Trade Secrets.

Quote of the Day:

“The longer the delay, the more investors will start to doubt Europe’s resolve to make its low carbon roadmap a reality.”

–Craig McKenzie, head of sustainability at Scottish Widows Partnership, in Reuters’ “Funds warn EU energy policy is not investment friendly”

Lead Stories

Obama’s Push For Carbon Regulations Seen Boosting State Trading System
Ecosystem Marketplace
Advocates of carbon trading are cautiously optimistic following US President Barack Obama’s decision to issue a presidential memorandum directing the Environmental Protection Agency (EPA) to work expeditiously to complete carbon pollution standards for both new and existing power plants. The president’s explicit acknowledgement of state leadership in forming cap-and-trade programs signals that these programs will be welcomed into a federal regulatory regime and could even instigate an expansion of trading programs to other states.
http://jlne.ws/15M3bez

RGGI: 2011 Annual Monitoring Report
RGGI Press Release
On behalf of the states participating in the Regional Greenhouse Gas Initiative (RGGI), RGGI, Inc. released the CO2 Emissions from Electricity Generation and Imports in the Regional Greenhouse Gas Initiative: 2011 Monitoring Report. This report is the third in a series of annual monitoring reports, called for in the 2005 RGGI Memorandum of Understanding. The report summarizes data for electricity generation, electricity imports, and related carbon dioxide emissions in the ten states participating in the first RGGI control period from 2005 through 2011.
**RKB — This report and the 2009 and 2010 monitoring reports are available here.

Obama’s environmental nominee in jeopardy from Senate Republicans
Reuters
President Barack Obama made a plea this week for the U.S. Senate to confirm his choice to head the agency that will oversee the core of his new climate change plan, but nominee Gina McCarthy’s prospects seem increasingly in doubt.
http://jlne.ws/10oanyK

U.N. climate chief welcomes Obama plan, wants U.S. energy czar
Reuters
President Barack Obama’s new pledges on curbing carbon emissions drew a cautious welcome from the U.N. climate change chief on Thursday, but she said no country was doing enough and proposed the White House appoint an energy czar to coordinate reforms.
http://jlne.ws/150HTgc

Prime Minister Kevin Rudd aiming to dump carbon tax for emissions trading scheme
The Daily Telegraph
KEVIN Rudd will push to dump the carbon tax and go straight to an emissions trading scheme in a bid to unshackle the government from the politically toxic policy. The Daily Telegraph understands the carbon tax, which is due to rise by $1.15 per tonne to $24.15 next week, will top the agenda when the new Prime Minister convenes his first cabinet meeting, scheduled for Monday.
http://jlne.ws/17nGP6f

Funds warn EU energy policy is not investment friendly
Reuters
Pensions, insurers and other funds responsible for 7.5 trillion euros ($9.75 trillion) in assets said investment is likely to shun the European Union unless it can draw up new energy and climate policy before the end of the year.
http://jlne.ws/1102wK8

China’s Sinovel Charged With Stealing Trade Secrets
Bloomberg
Sinovel Wind Group Co. (601558), a Chinese wind-turbine company, was charged with stealing trade secrets from its former U.S. partner, a case of industrial espionage that may heighten tensions in U.S.-China relations in the wake of the Edward Snowden affair.
http://jlne.ws/13blUUE

U.K. Grants Offshore Wind Triple Market Electricity Price
Bloomberg
The U.K. will pay offshore wind developers triple the market price for electricity they generate under a subsidy program to boost renewable energy that by 2020 will cost consumers 7.6 billion pounds ($11.6 billion) a year.
http://jlne.ws/11QPolK

COLUMN-UK shows offshore wind more costly than solar: Wynn
Reuters
Britain’s new support plans for renewable energy confirm that offshore wind is the most expensive green power technology, raising the question why the country is placing so much faith in it.
http://jlne.ws/1102lyH

Russian Energy Deals with Asia Mark Shift Away From Europe
The Wall Street Journal
A string of new Russian deals with Asian customers marks the beginning of a major shift away from the country’s traditional markets in Europe, where it is facing competition and regulatory pressure, said one of Russia’s top energy officials.
http://jlne.ws/1282J97

U.K. Set for Biggest Clean-Power IPO in Shift Toward Equity
Bloomberg
The Renewables Infrastructure Group Ltd. plans the biggest initial public offering of a U.K. clean-power company as developers turn to stock investors to pay for projects because utilities have less cash for acquisitions.
http://jlne.ws/14xZCt3
**RKB — More activity in the IPO market for green energy below. . .

TransAlta Jumps Most in 4 Years on Renewables IPO
Bloomberg
TransAlta Corp. (TA), Canada’s largest publicly traded renewable-power generator, jumped the most in more than four years after announcing it will sell shares in a new company that will hold about half of its wind and hydropower assets.
http://jlne.ws/12oKrnl

Events

New York Energy Week
New York, NY
June 24 -28
http://jlne.ws/ZB89bL

Converge Paris
Sustainable Energy Tech Conference
Paris, France
June 24-28
http://jlne.ws/14ClDYZ

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

Carbon

Germany seeks to block CO2 car limits for 2020
Business Green
Germany is making a last-ditch attempt to block EU plans to slash carbon emissions from new cars by 2020, over fears the new regulations will derail the country’s luxury car industry.
http://jlne.ws/10ob3UL

A year after carbon pricing, Australia greener and more efficient
Ecoseed.org
Australia is greener, more efficient, and has reduced its greenhouse gas emission only a year after Carbon Pricing was launched in the country, according to a report by the Australian Government.
http://jlne.ws/19B6DAd

Carbon Conscious wins City of Perth contract to offset carbon emissions
Proactiveinvestors.com
Carbon Conscious (ASX: CCF) has executed a new contract with the City of Perth to offset vehicle carbon emissions associated with the operation of the city’s parking facilities.
http://jlne.ws/1281EOE

EU bows to Merkel pressure on auto emission curbs
Financial Times
The EU has bowed to pressure from Angela Merkel, the German chancellor, to postpone an agreement on tougher curbs on auto emissions that have been fiercely contested by carmakers of Europe’s largest economy.
http://jlne.ws/17nL164

Natural Gas/Coal/Alternative Fuels

UK shale gas survey confirms huge reserves
Business Green
The UK’s fledgling shale gas industry received a major boost today as new research suggested the country has significantly higher reserves than had been first thought and the government underlined its commitment to developing the sector.
http://jlne.ws/13btC14

U.K. Increases Estimate of Shale-Gas Reserves
The Wall Street Journal
The U.K.’s hopes of replicating the U.S. shale-gas boom received a boost as an estimate of the country’s reserves increased significantly, although how much of it can be produced remains uncertain.
http://jlne.ws/13cEiwt

Drax Plan to Switch to Wood From Coal May Get $160 Million Loan
Bloomberg
The European Investment Bank is considering whether to approve a loan to Drax Group Plc (DRX) for its plan to convert Britain’s largest coal-fired power station to burn wood.
http://jlne.ws/16CLDUr

India Approves Doubling of Natural Gas Price
The Wall Street Journal
India’s cabinet on Thursday agreed to double natural gas prices to industrial and retail consumers to help fund investment in exploration and reverse declining domestic output, which would ultimately help in reducing the hefty energy import bill.
http://jlne.ws/1aTbGtT

Abengoa Opens Pilot Plant That Turns Waste Into Biofuels
Bloomberg
Abengoa SA (ABG), Spain’s largest biofuels producer, inaugurated a demonstration plant that can make bioethanol from municipal solid waste, its first using the technology.
http://jlne.ws/14xZslg

World Bank plans to limit financing of coal-fired power plants
Reuters
The World Bank plans to limit the financing it provides for coal-fired power plants to “rare circumstances” as part of the global financial body’s efforts to address the impact of climate change.
http://jlne.ws/14y3LND

Gazprom dealt pricing blow as loses court case to RWE
Reuters
Russian gas export monopoly Gazprom’s efforts to keep a link between the price it sells gas and costlier oil were dealt a blow on Thursday, when a court ruled it had to include market pricing in the rates it charged Germany’s RWE.
http://jlne.ws/14AyXMi

Greens to State Dept: Redo Keystone XL report
The Hill’s E2 Wire
Green groups formally asked the State Department to conduct another environment analysis for the Keystone XL oil sands pipeline because “significant new information” has come to light.
http://jlne.ws/10obiPB

EU-backed Nabucco project ‘over’ after rival pipeline wins Azeri gas bid
EurActiv.com
Nabucco West, the Austrian-led consortium that was bidding to build a pipeline to bring Azeri gas to Europe, has not been selected by the gas field’s operators, the company announced yesterday (26 June). The choice of the Shah Deniz consortium is for the rival Trans-Adriatic Pipeline (TAP).
http://jlne.ws/10oSIa1

Power

GE to Supply and Install 67 Turbines at Wind Farm in Australia
Bloomberg
General Electric Co. (GE) agreed to supply and install 67 turbines at a wind farm in southeastern Australia.
http://jlne.ws/17G04LZ

Northeast Utilities proposes power line route in New Hampshire
Reuters
New England power company Northeast Utilities on Thursday proposed a new route for part of a $1.4 billion Northern Pass power transmission line to run from Quebec to New Hampshire.
http://jlne.ws/1278Kml

Source: Obama to tap new electric grid chief
The Hill’s E2 Wire
President Obama is poised to nominate Ron Binz to become the nation’s top electric grid regulator, according to a source close to the situation.
http://jlne.ws/18jisJW

Malaysia’s Malakoff Buys Stake in Australian Wind Farm
The Wall Street Journal
Malaysia’s Malakoff Corp. Bhd. will pay 650 million Australian dollars (US$603 million) for a stake in an Australian wind farm, a person familiar with the matter said Friday.
http://jlne.ws/19H8zDD

CleanTech

Coalition vows to put green infrastructure at the heart of recovery
Business Green
The government has today announced sweeping new infrastructure plans that aim to put a host of clean technologies at the centre of the UK’s economic recovery.
http://jlne.ws/14diEGw

Water

Ivory Coast Plans $1.3 Billion in Water Supply Projects
Bloomberg
Ivory Coast is planning 645 billion CFA francs ($1.3 billion) in projects to build infrastructure by 2015 to alleviate water shortages across the West African nation, Prime Minister Daniel Kablan Duncan said.
http://jlne.ws/12oJeMG

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

Clearing the Air: Reducing Upstream Greenhouse Gas Emissions from U.S. Natural Gas Systems (Posted April 8, 2013)
World Resources Institute
http://jlne.ws/10M9Um3

The State of Green Business 2013 (Posted February 12, 2013)
GreenBiz.com
http://jlne.ws/12K3WYL

Can the US Get There from Here? (Posted February 6, 2013)
WRI
http://jlne.ws/X5PgyQ

The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)
http://jlne.ws/WHQez7

View all reports >

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