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”
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”.
Carlsberg to Pirelli Units Opting to Leave EU Emissions Market
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.
EU officials set new date to revive ailing carbon market
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.
COLUMN-U.S. pragmatic approach leads climate talks: Wynn
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.
Billionaire Plots to Beat Chevron to Largest Latin Shale
Argentina’s Eurnekian family, after becoming billionaires from media and airports, is planning to become the government’s first shale oil and gas partner.
Why only focusing on water’s current cost is a mistake
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.
Navigating Our Water Future: A Course for Industry
Ecolab Chairman Doug Baker
World Environmental & Water Resources Congress
BMI leads way in EU emissions trading scheme
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.
New carbon-positive plastic could reduce packaging emissions
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.
AT&T to Ryder Driven to Natural Gas Vehicles as Oil Soars
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.
Where are all those natural gas fleet conversions?
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.
The US manufacturing renaissance
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.
Gazprom profits slide 10% on lower gas sales
Gazprom’s net profit fell 10 per cent last year to $38.2bn, amid declining gas sales and one-time payments to consumers.
Lower 48 U.S. natural gas output in Feb. climbs 1.3 pct from Jan -EIA
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.
Iberdrola Said to Seek Lower Borrowing Costs on $4 Billion Loan
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.
U.K. Green Investment Bank Plans Joint Investments With Masdar
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.
Siemens Says German Energy Switch on Track for Failure on Costs
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.
Scottish Government Plans Restrictions on Wind Farm Locations
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.
Clearing the Air: Reducing Upstream Greenhouse Gas Emissions from U.S. Natural Gas Systems (Posted April 8, 2013)
World Resources Institute
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)