In this edition, Christian Science Monitor dives into last week’s State Dept. report on Keystone in Does Keystone XL report let Obama off the hook on climate pledge?. Reporting on carbon markets, Bloomberg sites Climate Mundial’s finding Emitters Use Spare Carbon for Options Cash, Climate Mundial Says. And from the natural gas space, Natural Gas Seen Gaining With Obama’s Fracking-Friendly Nominees.
Quote of the Day:
“The energy-intensity and carbon-intensity targets for this year will probably be met. The five-year targets by 2015 are more challenging to achieve especially if economic growth eases in the following years.”
–Charlie Cao, an analyst at Bloomberg New Energy Finance in Beijing, in Bloomberg’s “China Boosts Energy and Emissions Goals After Record Smog”
Does Keystone XL report let Obama off the hook on climate pledge?
Christian Science Monitor
A US State Department report released late last week that was noncommittal on the environmental impact of the proposed Keystone XL pipeline is galvanizing opponents of the controversial project who say President Obama is backing away from his commitment to combat climate change.
Obama’s ‘All of the Above’ Energy and Environment Nominees
The New York Times Dot Earth blog
President Obama’s choices for his next energy secretary and Environmental Protection Agency administrator are, like so many of his actions, unsurprising and practical.
Will Canada’s Proposed Tar Sands Oil Pipeline Muck Up Its Pacific Coast?
As controversy continues around the Keystone XL Pipeline that would snake through the U.S., a similar drama plays out north of the border. Canadian officials are deciding whether to green-light a pipeline that would carry a semiliquid hydrocarbon mix for 1,172 kilometers from Alberta’s tar sands over the Canadian Rockies to the Pacific coast of British Columbia. Near its proposed terminus, the proposal has met with public outcry and fierce opposition from the Coastal First Nations, a coalition of indigenous tribes.
EU ETS reform unlikely before new Commission
Long-term structural changes to the EU emissions trading scheme (ETS) are unlikely to be decided upon before the new European Commission is elected in May 2014, according to the International Emissions Trading Association (Ieta).
U.S. Tops Saudi Arabia as World’s Biggest Fuel Producer
The Wall Street Journal
The U.S. has catapulted past Saudi Arabia as the world’s biggest fuel producer, now that abundant production from shale-oil fields has pushed U.S. crude-oil output to a 20-year high.
China lays out economic blueprint for 2013
China published its economic blueprint for the year on Tuesday, targeting 7.5 percent growth in its gross domestic product that would keep the world’s second-largest economy on an even keel.
**RKB — On energy consumption: we will cut both energy consumption and carbon dioxide emissions per unit of GDP by more than 3.7 percent and continue to reduce the discharge of major pollutants. We will continue to carry out trials to develop an online system for monitoring energy consumption among major energy consumers.
China Boosts Energy and Emissions Goals After Record Smog
China will step up efforts to cut its emissions and improve energy efficiency this year after record air pollution in Beijing, where the national legislature opened its annual meeting today.
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
S. Korea to Meet Emitters Before Start of Carbon Trading in 2015
South Korea’s government plans to meet in May with the nation’s biggest emitters to provide information about the start of cap and trade in 2015.
Emitters Use Spare Carbon for Options Cash, Climate Mundial Says
Greenhouse-gas emitters in Europe can generate more cash selling options linked to their spare carbon permits instead of offloading the allowances in the forward market, according to Climate Mundial.
CCS projects to get second chance at EU funding in April
UK renewable energy and carbon capture and storage (CCS) projects will have a second chance to apply for millions of pounds in EU support when applications for funding reopen in April.
Natural Gas Seen Gaining With Obama’s Fracking-Friendly Nominees
President Barack Obama says his picks to guide energy and environmental policy in his second term will lead the charge against global warming, a fight that may have one immediate beneficiary: natural gas.
China Joining U.S. Shale Renaissance With $40 Billion
China National Petroleum Corp., the country’s biggest oil company, is seeking its first stake in the U.S. as Chinese explorers with $40 billion of cash try to join an energy renaissance unlocking billions of barrels of crude.
Canadian official raps greens on oil pipeline in Chicago speech
The Hill’s E2 Wire
A top Canadian official on Tuesday delivered a broadside against environmentalists in the United States who oppose the proposed Keystone XL oil sands pipeline.
Swiss Leclanche warns of liquidity problem, upbeat on renewables
Leclanche, a Swiss company which makes lithium-ion cells to store renewable energy, warned of liquidity problems on Tuesday after a bigger-than-expected 2012 loss but said it saw huge potential for its technology.
RWE to Sell E&P Division as Profit Falls
The Wall Street Journal
ESSEN, Germany—RWE AG RWE.XE +1.12% said on Tuesday it will sell its oil and gas exploration and production business to raise cash to strengthen its balance sheet, as muted energy demand in Europe sharply erodes the price it can charge for its electricity.
RWE to Cut Clean-Energy Spending by Half From 2014 to Curb Debt
RWE AG (RWE) will cut renewable-energy investment by half from next year as Germany’s second-largest utility seeks to reduce debt and counter falling earnings.
Report Casts Doubt on Britain’s Nuclear Electricity Strategy
The New York Times
Britain’s plans to build a fleet of nuclear power plants by 2025 are “ambitious” at best and “unrealistic” at worst, according to a report to be released Monday by a committee of the House of Commons.
Treasury Grant for Renewable Energy Reduced 8.7% by Budget Cuts
Grants to renewable-energy developers under the U.S. Treasury Department’s 1603 program have been reduced by 8.7 percent because of automatic cuts to the federal budget that took effect March 1.
China Watching Sany U.S. Wind-Farm Case, Minister Chen Says
China is investigating and watching the progress of a case involving a Sany Group Co. affiliate which U.S. President Barack Obama barred from building a wind farm in Oregon, Chinese Commerce Minister Chen Deming said.
Welspun Gets $161 Million to Finance India’s Largest Solar Plant
Welspun Group gained 8.85 billion rupees ($161 million) from lenders led by Central Bank of India to finance the country’s largest solar project.
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)