In today’s edition, the Keystone pipeline crosses a hurdle, while the suspense continues for GE in its pursuit of Alstom. China tries to spur development of off-shore wind farms, while the EU is wondering if a 40 percent energy saving target by 2030 is realistic.
Quote of the day
“When the administration delays or subverts the process, there is a role for Congress”
Chairman Mary Landrieu (D-La.) in the Hill’s story Keystone clears Senate panel
Keystone clears Senate panel
Timothy Cama and Laura Barron-Lopez, The Hill
Keystone Moves: The Senate Energy and Natural Resources Committee voted Wednesday to go over President Obama’s head and approve the proposed Keystone XL pipeline.
China Sets Offshore Wind Power Prices to Spur Development
China, the world’s biggest wind market, set prices of as much as 0.85 yuan (14 cents) a kilowatt-hour for power from non-auction offshore wind farms that start before 2017 to promote the industry’s development.
***LB: Also in this story “The government had announced a target of 5 gigawatts of installed capacity by 2015.”
EU energy chief rules out 40 percent energy savings goal
Barbara Lewis, Reuters
A 40 percent energy saving target as the EU’s 2030 goal, supported by some, is unrealistic, Energy Commissioner Guenther Oettinger said, adding that the debate continued.
European Commission launches latest funding push for climate action projects
Over 44m euros of European Commission funding is up for grabs for innovative ‘climate action’ projects, after the EU yesterday launched the latest phase of its six-year LIFE programme.
***LB: Also in this story “The Commission said the deadline for funding applications was 16 October this year”
Obama Carbon Rule Backed by Most Americans — WSJ/NBC Poll
Amy Harder, Wall Street Journal
More than two-thirds of Americans support President Barack Obama’s new climate rule and more than half say the U.S. should address global warming even if it means higher electricity bills, according to a new Wall Street Journal/NBC News poll.
World’s energy systems vulnerable to climate impacts, report warns
Fiona Harvey, the Guardian
Rising sea levels, extremes of weather and an increase in the frequency of droughts and floods will all play havoc with the world’s energy systems as climate change takes hold, a new report has found.
***LB: Also in this story “Many large plants are particularly at risk from droughts, because they need water to cool their facilities, and floods, because they lack protection from sudden storms. Electricity distribution networks are also likely to be affected.”
JBIC Ready to Fund Mitsubishi Heavy, Siemens Bid for Alstom
Tsuyoshi Inajima and Emi Urabe, Bloomberg
The Japan Bank for International Cooperation is ready to support Mitsubishi Heavy Industries Ltd.’s joint bid with Siemens SA for France’s Alstom SA.
GE CEO to Present Improved Offer for Alstom Energy Assets
Richard Clough, Helene Fouquet and Francois de Beaupuy, Bloomberg
Jeffrey Immelt arrives in France today as the General Electric Co. chief executive officer makes a final push to sell the government and unions on its bid for Alstom SA’s energy assets over an offer led by Siemens AG.
GE to make rail signaling, grid offers to land Alstom-report
General Electric will propose selling its rail signalling business to Alstom’s transport arm and have Alstom remain a shareholder of its power grid business in an improved offer for the energy arm of Alstom, French daily Le Figaro said on Thursday.
Paris pushes GE to concede French stake in Alstom
Hugh Carnegy and Michael Stothard, Financial Times
Paris is demanding continued French minority ownership in Alstom’s energy assets as the price for approving a $16.9bn bid from General Electric of the US over a rival offer from Siemens and Mitsubishi Heavy Industries.
***LB: Also in this story “Alstom’s board has until Monday to decide between the two offers.”
Environmental Bonds 2014
Now in its 4th year, Environmental Finance’s Environmental Bonds conference will examine the challenges facing the environmental bond market as it matures and the opportunities available for investors, issuers, bankers, corporates and others.
23 June 2014
EMA’s 18th Annual Meeting
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts.
October 22 – 24, 2014
Santa Monica, CA
FT European Gas Summit
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
Boreal areas worth $117B: study
Alexandra Paul, Winnipeg Free Press
Manitoba’s vast boreal wetlands may be more than an ecological gem — they may also be worth $117 billion in carbon offsets.
Smart umbrellas keep you dry and check the air you breathe
Nicola Davis, The Observer
Capitalising on the ubiquitous accessory, students Simon Herzog, Saurabh Datta and Akarsh Sanghi from the Copenhagen Institute of Interaction Design have upgraded the humble umbrella to create a device that measures air pollution levels via a small box mounted on the shaft.
Indonesia set to miss ambitious 2014 biodiesel targets
Michael Taylor and Wilda Asmarini, Reuters
Indonesia is set to miss its ambitious targets on the use of biodiesel this year due to logistical and infrastructure problems, government officials and analysts said, potentially weighing on the price of palm oil.
Natural Gas / Coal
India regulator asks govt to cap stake in listed state cos to 75 pct in 3 years
India’s capital market regulator on Thursday asked the government to cut its stake in listed state companies and cap it at 75 percent within three years.
***LB: Also in this story “Currently, the government owns stakes of as much as 90 percent in some listed state companies including Coal India Ltd , the world’s largest coal miner”
German beermakers look like winning their battle to stop fracking
Philip Oltermann, The Guardian
“Germany is a beer nation: if their beer has no flavour, people will mount the barricades,” says Friederike Borchert.
Australian coal industry caught in ‘perfect storm’
Jamie Smyth, Financial Times
Harry Kenyon-Slaney has seen tough times before in almost a quarter of a century with Rio Tinto, but the chief executive of the miner’s energy unit says the problems facing Australia’s coal industry are up there with the worst of them.
China Regulators ‘Overwhelmed’ as Reactors Built at Pace
Tara Patel and Benjamin Haas, Bloomberg
China is moving quickly to become the first country to operate the world’s most powerful atomic reactor even as France’s nuclear regulator says communication and cooperation on safety measures with its Chinese counterparts are lacking.
Column-Super-grid: China masters long-distance power transmission
John Kemp, Reuters
China’s power engineers have become world leaders in ultra-high-voltage transmission systems connecting far-off power sources with cities hungry for electricity.
As LED Industry Evolves, China Elbows Ahead
Keith Bradsher, New York Times
A year ago, China’s light-emitting diode industry seemed like a case study of industrial policy gone awry.
Indian Wind Market Experiences Turbulence
Kelley Hamrick, Ecosystem Marketplace
In India, national incentives have helped wind projects get off the ground by attracting large scale investments.
Trillion Fund launches ‘UK’s biggest’ crowd-funded wind energy project
James Murray, BusinessGreen
Trillion Fund has today launched what it describes as the “UK’s biggest, peer-to-peer financed wind energy project to date”, revealing plans to raise £5m this year to fund the installation of a number of mid-sized wind turbines across the UK.
Solar home market begins to capture mainstream buyers
Daniel Cusick, E&E
The rooftop solar panel, once a badge of distinction for energy nerds and greens, is going mainstream.
Microgrid sales rise alongside qualms about the power grid
Shan Li, Los Angeles Times
The periodic blackouts in Cassina Tarsia’s Oceanside neighborhood meant the 71-year-old couldn’t charge her cellphone or electric wheelchair.
Croatia aims to set up power exchange this year
Maja Zuvela, Reuters
Croatia aims to have a spot power exchange operational this year and couple it with the bourses of neighbouring Hungary and Slovenia, the head of Croatian energy market operator HROTE said on Thursday.
EDF down 6 pct as energy minister scraps planned tariff hike
French Energy Minister Ségolène Royal said on Thursday that a planned 5 percent increase in electricity prices scheduled for Aug. 1 would not be applied, sending shares in state-controlled power utility EDF down more than 6 percent.
Tesla’s Clever Patent Move Is Already Paying Off
Alexander C. Kaufman, The Huffington Post
Four days after CEO Elon Musk offered most of his company’s patents to rivals in hopes of cultivating a bigger electric car market, Nissan and BMW are “keen on talks” to cooperate on charging networks, the Financial Times reported on Sunday.
Can Open Patents or Zippy Race Cars Spur Electric Car Sales?
David Biello, Scientific American
In 2014 at least 17 electric cars—whether plug-in hybrids or all-electric vehicles—are available for purchase. And yet sales over the last decade of all models total slightly more than 200,000 cars in the U.S.—a country that sees more than 15 million cars sold every year.
(Australia’s) Labor, Greens challenge Tony Abbott to call double dissolution election after climate bill voted down again in Senate
Lisa Cox, The Sydney Morning Herald
The Senate voted down the bill on Wednesday 35 votes to 28, with the opposition, Greens and Independent senator Nick Xenophon all opposed to the scrapping of the profitable $10 billion corporation, which invests in renewable energy technology.
Indian officials order Coca-Cola plant to close for using too much water
Authorities in northern India have ordered the closure of a Coca-Cola bottling plant at the centre of protests that it is extracting too much groundwater, an official said Wednesday.
For Ideas on How to Live Greener, Think Mobile
Kit Eaton, New York Times
Smartphones and tablets may not seem to be designed with the environment in mind, being made of complex layers of plastics, metals and electronics, with chemical batteries. But apps may help you adopt environmentally sensible habits in your daily life.
Louisiana is world’s biggest loser
Jane Cowan, Australian Broadcasting Corporation
Louisiana in America’s deep south is one of the fastest disappearing land masses on earth – losing a piece of land the size of Manhattan every year.