In this edition, an article from abroad on a regional U.S. program. Plus, two stats-driven articles about Europe’s market, in EU carbon permit surplus doubles in 2012 and EU confirms two per cent reduction in ETS emissions.


Quote of the Day:

“We’ve seen a dramatic reduction in emissions across the region, while at the same time we’ve seen an increase in productivity and an increase in energy production.The lesson is that we can still support a healthy robust economy while improving energy efficiency.”

–Collin O’Mara, Delaware’s environment and energy secretary and chair of RGGI, in the Financial Times’ “US states look to cut greenhouse gases”



Lead Stories

US states look to cut greenhouse gases
Financial Times
A growing number of American states are looking at ways to reduce greenhouse gas emissions in the absence of federal climate change legislation, with a northeastern scheme for trading carbon becoming a model.

EU carbon permit surplus doubles in 2012
Financial Times
The surplus of permits in the EU’s carbon market more than doubled last year to 2bn, according to fresh data that Brussels hope will rally support for its controversial plan to boost carbon prices.

EU confirms two per cent reduction in ETS emissions
Business Green
New figures from the EU have today confirmed that greenhouse gas emissions from facilities covered by the bloc’s emissions trading scheme (ETS) fell two per cent last year, sparking fresh debate over the need to tackle the chronic over-supply of carbon allowances in the market.

Analysis: Obama climate agenda faces Supreme Court reckoning
With a barrage of legal briefs, a coalition of business groups and Republican-leaning states are taking their fight against Obama administration climate change regulations to the U.S. Supreme Court.

Senate Panel Advances Nominee for E.P.A.
The New York Times
A sharply divided Senate committee on Thursday approved the nomination of Gina McCarthy to serve as administrator of the Environmental Protection Agency.

Senate confirms Moniz as Energy secretary
The Hill’s E2 Wire
The Senate on Thursday voted 97-0 to approve President Obama’s nominee to head the Department of Energy.

Obama administration unveils fracking rules
The Hill’s E2 Wire
The Interior Department unveiled a revised proposal Thursday to regulate the oil-and-gas development process known as fracking when it occurs on federal and Indian lands.

Scientists agree global warming is man-made
Financial Times
An overwhelming majority of scientists agree humans have caused global warming, according to a study of scientific literature produced over the past two decades that claims to be the most comprehensive of its kind.

Arctic study finds resilience of social, ecological systems pushed to limits
Stockholm Environment Institute
The Arctic Resilience Report finds that rapid – even abrupt – changes are occurring on multiple fronts across the Arctic, raising the risk of crossing thresholds that would cause irreversible changes to ecosystems, environmental processes, and societies.


World Environmental & Water Resources Congress
Cincinnati, Ohio
May 19-23

Waste Conversion Congress East Coast
Boston, Massachusetts
June 17-18

2013 Rising Seas Summit
Association of Climate Change Officers
Fort Lauderdale, Florida
June 18-20

New York Energy Week
New York, NY
June 24 -28


Indonesia extends logging moratorium to protect rainforests
Financial Times
Indonesia has extended its landmark moratorium on logging for another two years but environmentalists and senior officials say the government must dramatically improve governance if it is to protect the country’s remaining rainforests and reduce carbon emissions.

Norwegian firm to seek ways to trap cement factory CO2
Norway’s Aker Solutions has won a contract to make the world’s first tests for capturing emissions of carbon dioxide from cement factories as part of efforts to slow climate change, the company said on Thursday.

Natural Gas/Coal/Alternative Fuels

Canadian Prime Minister Lobbies U.S. for Pipeline
The Wall Street Journal
Canadian Prime Minister Stephen Harper took his case for approval of the Keystone XL pipeline to the U.S. on Thursday, burnishing Canada’s environmental credentials and saying the arguments for the project are “overwhelmingly on the side of approval.”

Hansen Says Tar-Sands Oil Makes Climate Change Unsolvable
Exploiting oil and gas trapped in tar sands and shale threatens to make climate change “unsolvable,” said James Hansen, the former NASA scientist who raised concerns about global warming in the 1980s.


Tata Power May Sell Shares in Clean-Energy Unit Next Year
Tata Power Co. (TPWR), the utility business of India’s largest business group, is considering an initial public offering of its clean-energy unit next financial year.

Goldman Sachs to Finance $500 Million for SolarCity Roofs
SolarCity Corp. (SCTY), a solar-energy developer chaired by billionaire Elon Musk, won financing from Goldman Sachs (GS) Group Inc. for more than $500 million in rooftop solar systems that the company will complete this year.

Clean Energy Learns to Compete
The New York Times
Europe used to be nirvana for companies in the clean-energy business, but in the past couple of years it has become a much tougher place. With economies anemic, electricity demand is down; and, not surprisingly, once-generous subsidies that encouraged installing swaths of solar collectors in sun-poor Germany or wind farms in relatively calm areas of France are either being reduced or look as if they could be.


Some light in clean tech investing, despite the gloom
For more than a year, media outlets have posted stories on various major venture capital firms throwing their arms up in frustration and feeling woe over their cleantech investment portfolios. These down-and-out VC stories have been coupled with broader reporting on the drop in the total VC funds issued for cleantech after two years of growth in 2010 and 2011.


China Machinery Agrees to $229.5 Million Sri Lanka Water Project
China Machinery Engineering Corp. (1829), a Beijing-based builder, signed a $229.5 million contract for a water-supply project north of the Sri Lanka capital of Colombo, the company said today in a Hong Kong exchange filing.


Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change

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)

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