Mixed news in today’s edition. Australia’s PM now wants to do away with his country’s renewable energy target, while U.S. Republicans might change tack and become openly more climate friendly. Businesses like Siemens are also working on climate change. A demo of its “eHighway” will start July 2015 in California.
Quote of the day
“Climate change needs to be in the mix of all of our other discussions.”
Former Rep. Steve LaTourette (R-Ohio), who represented his Ohio district from 1995 through 2013 in the House and is now president of McDonald Hopkins Government Strategies, in the Bloomberg’s story Many Republicans Privately Support Action On Climate
Many Republicans Privately Support Action On Climate
Anthony Adragna, Bloomberg
In stark contrast to their party’s public stance on Capitol Hill, many Republicans privately acknowledge the scientific consensus that human activity is at least partially responsible for climate change and recognize the need to address the problem.
Los Angeles plans pilot of Siemens eHighway
Sustainable Business News
A couple of years ago we wrote about Siemens’ idea for an “eHighway,” where trucks would drive in a separate lane, attached to overhead electric trolley-like wires.
***LB: “The one-year demo starts July 2015.”
(Australia’s PM) Tony Abbott’s push to ditch renewables could hand coal and gas industry $10bn
Lenore Taylor, theguardian.com
Coal and gas generators will reap $10bn in extra profits over the next 15 years if the Abbott government pares back the renewable energy target (RET), and the nation’s electricity bills will not fall, according to new research.
Australia needs the renewable energy target (and should increase it)
Alex White, The Guardian (Blog)
The renewable energy industry woke to a shock this morning with a front-page Australian Financial Review headline that the conservative Abbott government was planning to abolish the renewable energy target.
China Plan to Cut Wholesale Power Price May Help Coal Producers
China will cut wholesale prices that distributors pay for electricity from coal-fired plants, two government officials said, a move that may allow it to compensate struggling coal suppliers.
China Confronts Its Coal Problem
Editorial, The New York Times
The Chinese government has indicated a strong desire — and made some specific proposals — to reduce its reliance on coal, a step that would be a welcome development for the Chinese people and the planet as a whole.
Obama’s Green Dilemma: Punish China, Imperil U.S. Solar
David J. Lynch and Robert Schmidt, Bloomberg
From the State of the Union address in January to a recent California fundraising swing, President Barack Obama has missed few opportunities to tout the nation’s use of renewable energy to fight climate change.
Snowpack atop Arctic sea ice has dwindled since 1950s, study says
Yereth Rosen, Alaska Dispatch News
Snow atop Arctic sea ice has thinned dramatically since the mid-20th century, declining by more than a third in the western Arctic and by more than half in the Chukchi and Beaufort seas, reports a new study led by researchers at the University of Washington and NASA.
Cosgrove moves into ethanol trading after GFI
Alexander Osipovich, Risk.net
After a three-decade career in energy brokerage, Michael Cosgrove has reinvented himself as an ethanol trader.
**JK: No one can say the man doesn’t know his energies.
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
China’s carbon plans: secrecy and oversupply darken outlook
The Sydney Morning Herald
As China lays down plans for a national carbon trading scheme, the world’s biggest emitter of greenhouse gases risks repeating mistakes made in carbon trading in Europe by flooding its pilot markets with free permits.
KRX frets over government’s stance on carbon trading
The Korea Herald
The Korea Exchange appeared to be in a rare fix over the Finance Ministry’s intentions to ease carbon emission duties for companies in a move that would put a damper on gas trading aimed at reducing the nation’s carbon emissions.
Brazil makes progress on saving forests, Indonesia risks setbacks-report
Brazil has made good progress in safeguarding the Amazon rainforest but Indonesia’s plans for its forests could face setbacks under a new government, a report commissioned by top forest aid donor Norway said on Monday.
Colombia set to draft new climate law by November
Sophie Yeo, RTCC (Responding to Climate Change)
The first draft of the law is expected to be completed by November, so that the government can present it at a UN climate conference in Peru in December.
Natural gas / coal
Coal country forecast to see largest natural gas increases
Timothy Cama, The Hill
Areas that depend the most on coal for electricity generation will see the largest increases in the use of natural gas for electricity in coming years, the Energy Information Administration (EIA) said.
Natural gas execs fear they’re next for regs
Timothy Cama and Benjamin Goad, The Hill
Natural gas producers are keeping quiet about the controversial power plant rules from President Obama, fearing they could become the next target of federal regulators.
U.S. takes a crack at China’s tough shale
Collin Eaton, Houston Chronicle
China is looking to the West – and especially to Texas – as it seeks to unlock its vast shale formations in hopes of launching an American-style energy revolution.
Methane leaking from Sacramento gas pipelines adds to greenhouse effect
Edward Ortiz, The Sacramento Bee
The natural gas pipelines snaking under the Sacramento region likely leak a significant amount of methane, a potent greenhouse gas, scientists say.
Court upholds electric grid planning rule
Timothy Cama, The Hill
A federal appeals court ruled Friday that the Federal Energy Regulatory Commission (FERC) was within its rights to require electric utilities to make regional transmission plans.
Low-carbon technologies deliver over half Spain’s power as renewables output soars
James Murray, BusinessGreen
Spain has become the latest country to report high levels of summer clean energy output, as the country’s grid operator confirmed that 55.3 per cent of electricity generation came from zero emission sources during July.
EEX Power Derivatives Reach Yearly Record Level – Market share on the total German market almost 30 percent
EEX Press Release
The volumes generated in power trading on the European Energy Exchange (EEX) continue to develop positively. In July, EEX achieved 149 TWh, the highest volume on the Power Derivatives Market this year.
Texas law lets developers ban solar panels while subdivisions are growing
Wendy Hundley, The Dallas Morning News
Eric Schirmer thought the time was right to add solar panels to his Plano home to cut electricity costs and help the environment.
Industry warns subsidy allocation means many planned offshore wind farms “cannot be funded”
James Murray, BusinessGreen
The offshore wind industry issued a stark warning today about the future of its development pipeline, warning that imminent changes to the government’s subsidy regime could leave many projects unable to raise funding.
Renewable Energy Companies to Invest $7 Billion in Chile Power
Matt Craze and Vanessa Dezem, Bloomberg
Renewable-energy developers plan to invest $7 billion for wind and solar projects in Chile.
***LB: Also in this story “Chile has 1,716 megawatts of renewable-energy capacity, or 8.9 percent of the total installed, according to a report this month from the Energy Ministry’s Renewable Energy Center.”
US government revs up electric car investment
The US Department of Energy has handed out $55m to projects developing new clean and efficient vehicle technologies, as part of efforts to cut greenhouse gas emissions and reduce dependence on foreign oil.
Norway Gives 60 Million for Climate-friendly Technology
The Nordic Page
UN Climate Technology Centre and Network (CTCN) and the Norwegian Veritas (DNV GL) announced a strategic partnership to promote the development and diffusion of climate-friendly technologies to developing countries.
***LB: Also in this story “The center is supported by Norway through the United Nations Environment Programme (UNEP) with 60 million NOK grant.”
Ohio Lawmakers Discuss Ways to Stop Lake Erie’s Toxic Algal Blooms
Circle of Blue
Ohio state lawmakers met near Toledo today to hear from the public and begin laying out plans to stop toxic algal blooms in Lake Erie after a bloom earlier this month left more than 400,000 people in the Toledo area without safe drinking water.
California Drought Spurs Groundwater Drilling Boom in Central Valley
Brian Clark Howard, National Geographic
When Floyd Arthur moved to California’s Central Valley as a child in the mid-20th century, his migrant worker parents found water by digging just a few feet into the ground.