In this edition, costly impact from current EU carbon markets as “U.K. to Pay $172 Million to Compensate for Carbon Price,” Bloomberg reports. Elsewhere, “Goldman Sachs Eyes Japan Renewable Energy Investments”.

Quote of the Day:

“There are Republicans in Congress who know better, but they are afraid of crossing what is becoming the orthodoxy.”

–Former Republican Congressman from South Carolina Bob Inglis in NPR’s “Hot In My Backyard,” talking about Republicans in Congress who believe in man-made, global warming science but will not vote for any legislation on the issue.

 

Lead Stories

Hot In My Backyard
NPR – This American Life
After years of being stuck, the national conversation on climate change finally started to shift — just a little — last year, the hottest year on record in the U.S., with Hurricane Sandy flooding the New York subway, drought devastating Midwest farms, and California and Colorado on fire. Lots of people were wondering if global warming had finally arrived, here at home. This week, stories about this new reality.
http://jlne.ws/14ofCPe
**JK – I tuned into a good part of this over the weekend. The segment, (Act Two) called “Right Man For The Job” on the former Republican Congressman Bob Inglis was particularly interesting.
***Also, please note the ACCO event, today, May 21st, which addresses climate investment. This show highlights Bill McKibben’s divestment campaign in Act Three of the show.

“If people aren’t pissed off, it ain’t working”: A chat with green billionaire Tom Steyer Grist.org
Tom Steyer spent years as a wildly successful hedge fund manager, a vigorous philanthropist, and a sought-after funder of Democratic politicians, but most of that activity took place beneath the public radar.
http://jlne.ws/18cZUs2

Taking Stock of Climate Change Efforts: As European Carbon Market Falters, CA Expands Cap and Trade to Canada
Environmental Leader blog
Unlike many environmental problems, which can be addressed at a local or regional scale, climate change is inherently global in nature: greenhouse gas (“GHG”) emissions from any source join with historic and contemporary GHG emissions from other sources globally to contribute to the total store of GHGs in the atmosphere. The global nature of the issue is a key reason why, from the onset of climate change efforts, policymakers and environmentalists have attempted to address GHG emissions at an international scale.
http://jlne.ws/16325kr

U.S. and European Union Set to Negotiate Settlements in Chinese Solar Panel Cases
The New York Times
The Obama administration and the European Union have decided to negotiate settlements with China in the world’s largest anti-dumping and anti-subsidy trade cases involving China’s roughly $30 billion a year in solar panel shipments to the West, officials and trade advisers in Beijing, Brussels and Washington said.
http://jlne.ws/18ZowFR

China says it will not accept EU measures on emissions
Zee News India
Beijing: China said it will not accept any “unilateral and compulsory market measures” announced by the European Union threatening Chinese carriers with fines for non-compliance with its Emissions Trading System (ETS).
http://jlne.ws/12Q5tJA

Moniz era to begin at Energy Department
The Hill’s E2 Wire
Ernest Moniz will be sworn in as the next Energy Secretary on Tuesday, and a day later will go on-the-record publicly for the first time in his new role.
http://jlne.ws/12HqJ5n

Events

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

Tackling Climate Related Risks in Endowment & Pension Fund Portfolios
Association of Climate Change Officers
May 21, 2013 – 11:30am – 1:30pm EST – Free Webinar
http://jlne.ws/18YGwQX

Waste Conversion Congress East Coast
Boston, Massachusetts
June 17-18
http://jlne.ws/104mJZx

2013 Rising Seas Summit
Association of Climate Change Officers
Fort Lauderdale, Florida
June 18-20
http://jlne.ws/16i3JOk

New York Energy Week
New York, NY
June 24 -28
http://jlne.ws/ZB89bL

Carbon

U.K. to Pay $172 Million to Compensate for Carbon Price
Bloomberg
The U.K. government laid out rules for steelmakers and ceramics companies to claim as much as 113 million pounds ($172 million) in compensation for the extra power costs caused by the European carbon market.
http://jlne.ws/14pdQh2

RPT COLUMN-Carbon capture faces scale dilemma: Gerard Wynn
Reuters
European policymakers face a difficult decision on building carbon capture and storage (CCS) – saving money in the long run requires spending more upfront.
http://jlne.ws/10QESKC

Natural Gas/Coal/Alternative Fuels

Chesapeake Taps Anadarko Executive Lawler as CEO
The Wall Street Journal
Chesapeake Energy Corp. CHK +2.61% has plucked a 46-year-old executive from a rival oil-and-gas company to succeed its co-founder, Aubrey McClendon, as chief executive of the nation’s second-largest natural-gas producer.
http://jlne.ws/14Kcgpr

Power

Qatar Creates $1 Billion Foreign Water and Power Investment Arm
Bloomberg
Qatar created a $1 billion investment arm to add foreign power and water assets to stakes it already has in businesses from Barclays Plc (BARC) to Harrods department store.
http://jlne.ws/10JpAdv

Ecopower Seeks Permits for $250 Million Chile Wind-Energy Plant
Bloomberg
Ecopower SAC, a Chilean renewable-energy developer, filed for permits to develop a $250 million wind farm in the country’s Los Lagos region.
http://jlne.ws/13G9DG9

SunEdison Seeks IFC Funding for Solar Plant in Chile
Bloomberg
EMC Electronic Materials Inc. (WFR)’s SunEdison LLC unit is seeking funding from the World Bank’s private-sector financing arm to build a 50-megawatt solar plant in Chile that plans to sell power at commercial rates.
http://jlne.ws/11SoNud

Goldman Sachs Eyes Japan Renewable Energy Investments
Bloomberg
Goldman Sachs Group Inc. (GS) plans to invest as much as 50 billion yen ($487 million) in renewable energy projects in Japan in the next five years, tapping demand for electricity produced from solar and wind-power generators.
http://jlne.ws/17Tqs3P

Reports

Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change
http://jlne.ws/ZWPD1Z

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 >

Pin It on Pinterest

Share This Story