In this edition, a little tough love for California in, Little unity over California’s cap-and-trade program from Reuters and California Cancels Carbon Permit Reserve Sale After No Bids from Bloomberg. The National Journal has 8 Figures That Will Define the Keystone XL Fight Over the Next 45 Days.

Quote of the Day:

“China’s announcement that it’s considering a carbon tax may, over time, chill superficial resistance by some to the issue and spur U.S. lawmakers to more seriously consider what the appropriate U.S. actions should be on market-based climate policies.”

–Cameron Prell, the U.S. working group chairman of the Climate Markets & Investment Association, in Bloomberg’s “China Carbon Tax May Spur U.S. Climate Debate, CMIA Says”

Lead Stories

China Carbon Tax May Spur U.S. Climate Debate, CMIA Says
China’s potential carbon tax may spur U.S. lawmakers to consider climate protection more seriously, according to a trader representative.
**RKB — China may be “staking out” a position for the United Nations climate negotiations, which aim for some kind of new global deal by 2015, CMIA’s Prell said.

Little unity over California’s cap-and-trade program
Businesses and environmentalists remain deeply divided over California’s landmark carbon cap-and-trade program, with industry calling it a job-killing nightmare and clean energy proponents saying it has positioned the state as a global leader in tackling climate change.
**RKB — Manufacturing and food processors attending last week’s Sacramento conference said they would prefer the state simply tell them how much each facility can emit over the cap-and-trade policy as it is currently designed.

California Cancels Carbon Permit Reserve Sale After No Bids
California canceled a supplementary sale of carbon permits scheduled this week after receiving no expressions of interest from factories and power stations, the state emissions market administrator said.

Green investors take fright at German bid to cap power prices
Germany’s plan to curb rising energy costs for consumers before a September election may backfire if it scares off the investors desperately needed to fund an ambitious shift from nuclear to renewable energy.

Obama nominates 3 to Cabinet-level posts
President Barack Obama signaled his willingness to tackle climate change with his pick of Gina McCarthy to lead the Environmental Protection Agency, one of three major appointments he announced Monday.

Obama EPA, Energy Picks Underscore Climate Focus
The Wall Street Journal
President Barack Obama on Monday named his picks to lead the Environmental Protection Agency and the Energy Department, selecting a veteran regulator and a noted academic to lead a pair of agencies responsible for driving U.S. energy policies.

Gina McCarthy Gets EPA Head Nomination From Obama                                    
Huffington Post
President Barack Obama officially nominated Gina McCarthy to serve as administrator of the Environmental Protection Agency on Monday. McCarthy, if confirmed, would replace Lisa Jackson, who announced at the end of December that she would be stepping down.

Where Is the Climate Leadership? We Need to Get It Right on Keystone XL                    
Robert Redford on Huffington Post
Mr. Secretary, I am disappointed. I thought that we all understood that to fight climate change, we have to be able to say “no” to dirty energy projects. Our friends around the world are looking to us for climate leadership and it starts with drawing the line at tar sands expansion. It also means that we need to give health and environment a fair shake in the environmental review of a dirty energy project such as the Keystone XL tar sands pipeline. Yet the draft environmental review prepared by the State Department for Keystone XL misses what folks in industry themselves are saying: the Keystone XL project is necessary for expansion of tar sands. We know this means that Keystone XL will make climate change worse.

8 Figures That Will Define the Keystone XL Fight Over the Next 45 Days
National Journal
The State Department’s review of the proposed Keystone XL pipeline cheered supporters of the controversial plan to transport oil from Canada’s tar sands to U.S. refineries on the Gulf Coast. The assessment could pave the way for President Obama to give his approval to the pipeline’s construction because it failed to turn up any major problems. But the review is not the final word on the issue. The public now has 45 days to submit comments on the draft document. That means the agency’s report is only going to stir up a bigger fight as environmentalists and industry groups marshal the paper’s findings to their respective causes. In the weeks to come, expect everyone involved to take positions on these numbers:

EPA Funding Reductions Have Kneecapped Environmental Enforcement
National Journal
Republicans have spent the past two years on the warpath against the Obama administration’s Environmental Protection Agency. As the EPA rolled out an ambitious slate of rules aimed at stopping climate change and curbing power-plant pollution, Republicans on the campaign trail and Capitol Hill slammed the agency as the embodiment of government overreach and so-called “job-killing regulations.”

In Our World: A Global Wrap Of Economy And Ecology
Ecosystem Marketplace
As China’s air pollution problems persist, people there are calling for more action – and the media is taking the rare step of amplifying those calls.


Wall Street Green Summit XII
March 18, 2013
Center for Architecture, New York

Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18


Carbon pricing needed to control airline CO2 emissions-study
Aviation pollution can only be stabilised by the middle of the century if a price is set on airline carbon emissions, research said, countering industry hopes that green goals can be met via technology improvements and biofuels.

Environmental Lobby Urges EU to Ban UN Carbon Offsets After 2020
The European Union should ban the use of United Nations-approved carbon offsets from its emissions-trading system, or ETS, by 2020, an environmental group said in a submission to the European Commission.

Clearing Forests May Transform Local and Global Climate
Scientific American
In the last 15 years 200,000 hectares of the Mau Forest in western Kenya have been converted to agricultural land. Previously called a “water tower” because it supplied water to the Rift Valley and Lake Victoria, the forest region has dried up; in 2009 the rainy season—from August to November—saw no rain, and since then precipitation has been modest. Whereas hydropower used to provide the bulk of Kenya’s power ongoing droughts have led investors to pull out of hydro projects; power rationing and epic blackouts are common. In a desperate move to halt environmental disaster by reducing population pressure, the Kenyan government evicted tens of thousands of people from the land.

Natural Gas/Coal/Alternative Fuels

Indonesian Palm Reserves Seen Declining by Bangun on Demand
Palm oil inventories in Indonesia, the world’s largest producer, may drop 8 percent this year as a significant increase in demand outstrips record supplies, according to Derom Bangun, chairman of the nation’s palm board. Prices rallied, snapping eight days of losses.

Japex to Buy 10% of Petronas Canada LNG Project
The Wall Street Journal
Upstream energy company Japan Petroleum Exploration Co. 1662.TO +1.52% (1662.TO) said Monday it has agreed with Petroliam Nasional Berhad, or Petronas to buy 10% of a Canada liquefied natural gas venture and shale gas project controlled by the Malaysian state-owned energy company.

SEC Extends Chesapeake Probe
The Wall Street Journal
Chesapeake Energy Corp. CHK -0.92% Chief Executive Aubrey McClendon is leaving the company within a month, but the natural-gas producer is continuing to feel the effects of his controversial tenure.


Greenbriar’s Ciachurski to Acquire Puerto Rico Solar Project
Greenbriar Capital Corp. (GRB), a Canadian real-estate owner, agreed to sell a subdivision in California to raise funds to buy a 100-megawatt solar project in Puerto Rico, Chief Executive Officer Jeff Ciachurski said.

Global nuclear capacity rises in 2012 after post-Fukushima drop
Global nuclear energy capacity increased again in 2012 – albeit only slightly – after a drop the previous year following Japan’s Fukushima disaster, the U.N. atomic agency chief said on Monday.


India Only Able to Treat a Fifth of Its Sewage, VP Says
India is able to treat just a fifth of its sewage, fueling domestic conflicts as growing cities battle for water resources, pushing up prices and increasing leaks, Vice President Hamid Ansari said.


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)

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