In this edition, concern for Europe’s market in Bloomberg’s coverage of trading exits as new late-May date set for EU decision. A Reuters column says U.S. efforts to scale down global emissions deal makes 2015 plan passage more likely.

Quote of the Day:

“The CDM needs long-term commitment . . . concrete action is needed for the industry to come back.”

–Peer Stiansen, new UN CDM Chairman of the Executive Board, in RTCC’s “EU uncertainty likely to affect global carbon markets”

 

Lead Stories

EU uncertainty likely to affect global carbon markets
Responding to Climate Change blog
The head of the world’s only global emissions trading scheme (ETS) says EU climate ambition is central to ensuring carbon markets are a success. In an email interview with RTCC, Peer Stiansen, the new chairman of the UN’s Clean Development Mechanism (CDM) Executive Board, warns the EU ETS was “critical in development of the mechanism”.
http://jlne.ws/14S1hOv

Carlsberg to Pirelli Units Opting to Leave EU Emissions Market
Bloomberg
Units of companies from brewer Carlsberg A/S (CARLB) to tiremaker Pirelli & C. SpA whose greenhouse-gas output falls below a European Union minimum are quitting the European Union’s emissions market.
http://jlne.ws/158F6E8

EU officials set new date to revive ailing carbon market
The Age
Climate experts from European Union governments will next discuss a proposal to bolster prices in the bloc’s carbon market on May 27, an EU official said.
http://jlne.ws/11WiZL9

COLUMN-U.S. pragmatic approach leads climate talks: Wynn
Reuters
A U.S. submission to U.N.-backed negotiations shows how a scaled-down global climate deal which falls short of a full treaty can be agreed in 2015.
http://jlne.ws/YcooOM

Billionaire Plots to Beat Chevron to Largest Latin Shale
Bloomberg
Argentina’s Eurnekian family, after becoming billionaires from media and airports, is planning to become the government’s first shale oil and gas partner.
http://jlne.ws/10qWlYv

Why only focusing on water’s current cost is a mistake
GreenBiz.com
We increasingly hear about the disconnect between the cost and value of water. This is a real issue as all too often the cost of water is used in decision-making for investing in water projects in the areas of efficiency and reuse and recycling.
http://jlne.ws/15Yurva

Events

Navigating Our Water Future: A Course for Industry
Ecolab Chairman Doug Baker
Chicago
May 16
http://jlne.ws/16kYUDB

World Environmental & Water Resources Congress
Cincinnati, Ohio
May 19-23
http://jlne.ws/ZnwHsU

Carbon

BMI leads way in EU emissions trading scheme
Travel News
British Midland Regional Limited, a British regional airline that operates scheduled passenger services across the UK and Europe, trading as bmi Regional, has claimed that it is the first airline in the UK to achieve the 2012 European Union Emissions Trading Scheme cycle.
http://jlne.ws/18mEW8l

New carbon-positive plastic could reduce packaging emissions
GreenBiz.com
A U.K. company claims to have produced a new type of packaging that not only is 100 percent recyclable, but also actively removes CO2 from the atmosphere.
http://jlne.ws/1026IDb

Natural Gas/Coal

AT&T to Ryder Driven to Natural Gas Vehicles as Oil Soars
Bloomberg
For AT&T Inc. (T), the decision to introduce natural gas vehicles to the company’s fleet in 2008 proved well-timed, as the price gap between gas and diesel soared to an all-time high that summer.
http://jlne.ws/158uGEI

Where are all those natural gas fleet conversions?
Financial Times
Since 2009 the stark contrast between oil prices (high) and natural gas prices (low) in the US has prompted questions, and visions of a new future of transport fuels.
http://jlne.ws/YcmxK4

The US manufacturing renaissance
Financial Times
Oped pages in recent months have been regular hosts to pieces extolling some of the unsung benefitsof the US shale-gas revolution. Some of these have gone so far as to proclaim that shale gas is, or will be, a significant benefit for the country’s entire economy.
http://jlne.ws/13KospN

Gazprom profits slide 10% on lower gas sales
Financial Times
Gazprom’s net profit fell 10 per cent last year to $38.2bn, amid declining gas sales and one-time payments to consumers.
http://jlne.ws/1024H8Y

Lower 48 U.S. natural gas output in Feb. climbs 1.3 pct from Jan -EIA
Reuters
Gross natural gas production in the lower 48 U.S. states in February climbed 1.3 percent from upwardly revised January output, the first monthly gain in three months, data from the U.S. Energy Information Administration showed on Tuesday.
http://jlne.ws/14RQJ1U

Power

Iberdrola Said to Seek Lower Borrowing Costs on $4 Billion Loan
Bloomberg
Iberdrola SA (IBE), the Spanish utility facing declining revenues in its domestic market, is seeking to reduce borrowing costs under a 3 billion-euro ($4 billion) loan pact signed in 2011, according to two people with knowledge of the matter.
http://jlne.ws/YkViPN

U.K. Green Investment Bank Plans Joint Investments With Masdar
Bloomberg
The Green Investment Bank, set up by the British government to help finance offshore wind and waste-to-energy plants, plans to make joint investments with Masdar, Abu Dhabi’s state-owned renewable energy company.
http://jlne.ws/Yclzxn

Siemens Says German Energy Switch on Track for Failure on Costs
Bloomberg
German Chancellor Angela Merkel’s plan to exit nuclear energy and switch to a greater share of renewables may fail because costs and greenhouse gas emissions are increasing, the head of Siemens AG (SIE)’s energy division said.
http://jlne.ws/12jSRZt

Scottish Government Plans Restrictions on Wind Farm Locations
Bloomberg
Wind farms will no longer be allowed in Scotland’s wildest countryside and will have to be built farther from villages, towns and cities under restrictions proposed by the Scottish government.
http://jlne.ws/17wyT2n

Reports

Clearing the Air: Reducing Upstream Greenhouse Gas Emissions from U.S. Natural Gas Systems (Posted April 8, 2013)
World Resources Institute
http://jlne.ws/10M9Um3

The State of Green Business 2013 (Posted February 12, 2013)
GreenBiz.com
http://jlne.ws/12K3WYL

Can the US Get There from Here? (Posted February 6, 2013)
WRI
http://jlne.ws/X5PgyQ

The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)
http://jlne.ws/WHQez7

View all reports >

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