In this edition, coverage of Europe’s market action as plan rescue vote looms. Australia, China Collaborate on Asia-Pacific Carbon Market, reports ENS. And, the EU Commission cracking the whip on efforts to meet 2020 goal, covered here by Reuters. Editor’s note: We will not publish on Monday, April 1. See you Tuesday.
Quote of the Day:
“Climate change is looming as the preeminent threat to populations, nations and the world community. There is strong interest in Australia in what China is doing to address climate change. The reason for this is straightforward. Without China, we cannot solve climate change.”
–Australian Climate Minister Greg Combet in Environmental News Services’ “Australia, China Collaborate on Asia-Pacific Carbon Market”
Carbon in Worst Quarter Since 2011 Set for Rescue Vote
Europe’s emissions market is likely to be left all but broken should the region’s parliament fail to agree next month on combating the surplus of carbon permits, after the biggest quarterly slide in prices since 2011.
EU Emitters Trade Spot Permits Before Carbon Compliance Deadline
Trading in European Union spot carbon permits rose this quarter compared with the last year’s average as factories and power plants bought back allowances they sold to raise cash at the start of Europe’s recession.
ICE, Gasunie launch joint natural gas and power trading platform
Intercontinental Exchange (ICE) and Dutchnatural gas infrastructure company Gasunie are jointly launching a European gas and power trading platform, the companies said on Wednesday.
Australia, China Collaborate on Asia-Pacific Carbon Market
Australia and China are working in concert to develop their individual carbon trading markets as a first step towards a broader Asia-Pacific carbon market, officials from both countries announced today.
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.
Analysis: Austerity threatens EU’s competitive edge in infrastructure
Europe’s carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world.
Cameron Moves Minister Hostile to Coalition Partners
U.K. Prime MinisterDavid Cameron moved Energy Minister John Hayes, an open critic of the environmental policy of their Liberal Democrat coalition partners, to a new post working with the premier.
Complimentary EMA Member Webinar
Proposed Changes in the Regional Greenhouse Gas Initiative and the Potential Impacts
Tuesday, April 9, 2013
11:00am – 12:00pm EDT
Moderator: Gary Payne, Dominion
Presenters: James Hough, PSEG; Thad Huetteman, PEAR; Bill Shobe, University of Virginia
Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
B.C. government rejects finding carbon plan a sham
A delayed, discredited, but highly anticipated environmental audit of the British Columbia government’s carbon-cutting program by auditor general John Doyle says the pollution-reduction plan isn’t credible.
Hong Kong to Raise Air Quality Standards and Cut Emissions
Hong Kong will raise its air quality standards for the first time since 1987 as the former British colony targets a reduction in vehicle and vessel emissions to clear up smoggy skies.
Indigenous People Call For REDD+ Safeguards In California’s Carbon Market
Using theREDD+ mechanism to fight deforestation and climate change involves a complicated and lengthy process that crosses over several sectors. Because of its complex nature, Valentino Shal of theMopan Maya Indigenous people says multi-stakeholder engagement is key to REDD’s success.
Japan turns to coal as yen drives up energy costs
Japan is boosting its use of cheaper coal at the expense of oil and LNG to counter a jump in energy import costs that are rising because of a weak yen and with little prospect of a near-term return ofnuclear power after the Fukushima crisis in 2011.
U.K. Renewable Power Grows 20 Percent on New Offshore Wind Farms
U.K. renewable power generation surged 20 percent last year, boosted by new offshore wind farms, the Department of Energy and Climate Change said.
Scottish Wind Power Generation Surged 19% to a Record in 2012
Wind-power generation inScotland surged 19 percent to a record in 2012 as energy from clean sources contributed 39 percent of the region’s total electricity needs.
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)