In this edition, widespread coverage of work toward a European carbon fix, including from Bloomberg, Reuters and Business Green. The Wall Street Journal has a couple of articles on bilateral energy deals, including India Needs New Energy.
Quote of the Day:
“We’re getting there on the member states side; the challenge is the vote in the European Parliament. I’m confident that we will get through with backloading and come to what really matters. And what really matters is the discussion on more structural options.”
–European Union Climate Commissioner Connie Hedegaard in Bloomberg’s “EU Confident on Carbon as Fix Said Likely to Win States’ Support”
EU Confident on Carbon as Fix Said Likely to Win States’ Support
European Union Climate Commissioner Connie Hedegaard said she is confident that EU plans to bolster carbon prices will be enacted as policy makers realize inaction could lead to a demise of the world’s biggest carbon program.
UPDATE 1-More effort needed to meet 2020 clean energy goal -EU Commission
European Union governments must modernise their electricity grids and remove investment barriers to meet a 20 percent target for renewable energy use in 2020, the bloc’s executive said on Wednesday.
EU eyes 40 per cent carbon cuts by 2030
The European Union has today proposed a new package of carbon and renewable energy targets for2030 that could see the bloc impose a 40 per cent carbon reduction target.
Australia pushes for Asia-Pacific carbon market
Australia looks forward to working with major emerging economies such as China and South Korea on the development of an Asia-Pacific carbon market, Australian Climate Change Minister Greg Combet said on Wednesday.
Cloud of slower growth has green lining
Leaders see slump as chance to clean economy. Now that the country can tolerate slower growth and has completed its once-a-decade leadership shuffle, China has an opportunity to promote a greener development.
Israel and Turkey Explore Energy Ties
The Wall Street Journal
Israel’s apology to Turkey over a deadly 2010 raid will boost cooperation over Syria’s civil war, but it also has a compelling economic incentive: the possible export of billions of dollars of Israeli natural gas to Turkey and beyond, say analysts and officials.
India Needs New Energy
The Wall Street Journal
Energy independence is a lofty goal for the U.S. even allowing for the shale gas revolution. But for India? Last weekend, India’s oil minister set the ambitious target of energy self-sufficiency by 2030. That’s a big ask, but it could at least force India to make progress on much-needed reform to the oil and gas sector.
New York State Sees Climate Change as Risk to Bondholders
New York (STONY1) is listing climate change as a risk for bondholders afterHurricane Sandy caused more than $40 billion in damage in the state and GovernorAndrew Cuomo said better preparations are needed.
IMF urges energy-subsidy reform to ease squeeze on budgets
Developing and industrialized countries should rein in energy subsidies that totaled $1.9 trillion in 2011 to ease budgetary pressures and free up resources for public spending in areas such as education and health care, International Monetary Fund economists said in a research paper published on Wednesday.
Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
Canadian Carbon Audit Report Delayed Amid Charges Of Bias And Overreach
By all accounts, the Duke of Württemberg loved Darkwoods and shared it with his neighbors. After buying the 55,000-hectare Canadian wilderness as a refuge from the Cold War in 1967, he harvested just 50,000 cubic meters of timber per year and let the general public wander its trails.
Carbon tax ‘crucial’ to Australia’s global standing: Combet
An Abbott government would risk Australia’s international reputation and undermine its economic interests if it scrapped the carbon tax, Climate Change Minister Greg Combet told a joint climate forum with China.
‘No incentive for CCS investment’
A policy paper set to be released by the European Commission states investors have no incentive to invest in carbon capture and storage. Investors currently have “no rationale” to invest in carbon capture and storage (CCS) demonstration projects because of the low price of carbon in the European Union’s emissions trading scheme (ETS), a policy paper set to be released by the European Commission today (27 March) will conclude.
Natural Gas/Coal/Alternative Fuels
China Coal Producers Seek New Ventures
The Wall Street Journal
Coal is a tough business, especially in China. Faced with slowing domestic demand and attempts to reduce pollution, diversifying into other countries and commodities is the way forward.
Eni Faces Clash With Turkey Over Energy Work Off Cyprus
The Wall Street Journal
Turkey’s energy minister said the government wants to suspend some of the country’s projects with Italian oil and natural-gas companyEni SpA,in the latest salvo aimed at discouraging a major expansion of energy investments in disputed waters offshore Cyprus.
Rep. Ryan talks natural-gas exports with German chancellor
The Hill’s E2 Wire
Rep. Tim Ryan (D-Ohio) met with German Chancellor Angela Merkel on Wednesday in hopes of convincing her to import liquefied natural gas from the United States.
Quake Tied to Oil-Drilling Waste Adds Pressure for Rules
Scientists have linkedOklahoma’s biggest recorded earthquake to the disposal of wastewater from oil production, adding to evidence that may lead to greater regulation of hydraulic fracturing for oil and gas.
Is Natural Gas Finally Changing the Fuel Industry?
The Motley Fool
Business is so good at EQT’s natural gas fueling station that the company is adding a second fueling island at the station. That’s really good news for the Pittsb
urgh-based exploration and production company — it’s a validation that natural gas is beginning to catch on as a transaction fuel in the region. The company, which is one of the lowest-cost producers of natural gas in the Marcellus, is just one of many companies investing to increase demand for natural gas.
Petrobras, Once Symbol of Brazil’s Oil Hopes, Strives to Regain Lost Swagger
The New York Times
Brazil’s oil production is falling, casting doubt on what was supposed to be an oil bonanza. Imports of gasoline are rising rapidly, exposing the country to the whims of global energy markets. Even the nation’s ethanol industry, once envied as a model of renewable energy, has had to import ethanol from the United States.
Natural Gas Lobbyist Takes on Obama on Fracking
The new head of a U.S. natural gas trade group said he will seek to raise the industry’s visibility as the Obama administration considers regulations that may limit hydraulic fracturing for the fuel.
Corn Supply Slumps Most Since ’75 on Ethanol Profit
Corn supplies in the U.S., the biggest grower, are shrinking at the fastest pace in almost four decades as improving demand from ethanol refiners drains reserves already diminished by drought.
Key US senator blames speculators for high ethanol RIN price
The recent surge in prices for the U.S. ethanol credits known as RINs is due to speculation, the top-ranking Republican on the Senate Judiciary Committee said on Wednesday.
U.K. Clean Energy Rules to Add 36% to Company Power Bills
U.K. measures to curbcarbon emissions may raise power and gas bills for the biggest corporate consumers by as much as 36 percent by 2020, the Department of Energy and Climate Change said.
Ireland Extends Clean-Power Subsidy So Projects Can Be Completed
Ireland extended an incentive program for clean energy projects by two years to give developers more time to complete their developments.
Saudi Arabia Approves Water Contracts Worth $138 Million
Saudi Arabia has approved $138 million of water and sanitation projects across the kingdom, state-ownedSaudi Press Agency reported, citing Minister of Water and Electricity Abdullah Al-Hussayen.
FCC’s Water Unit Wins Contracts in Spain Worth $1.4 Billion
Fomento de Construcciones & Contratas SA said the Spanish builder’s water unit has been awarded 1.1 billion euros ($1.4 billion) of contracts.
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)
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)