In this edition, detailed, panel-level coverage of the EU Carbon Deal from Bloomberg and Reuters. And more on the EU-China solar panel tariff tiff, plus biodiesel levies.

Quote of the Day:

“We expect changes. We don’t know what they’ll be. But the uncertainty is having a crippling effect on the market. We don’t see any clear long-term policy direction on the climate or energy sector from the opposition. And until that is clear, capital is sitting on the sidelines.”

–Nathan Fabian of Australia’s Investor Group on Climate Change in Reuters’ “Chill breeze of politics stills Australian renewables”

Lead Stories

EU Lawmakers Seek Carbon Deal as Fix Likely to Survive in Panel
Bloomberg
Several European Union lawmakers are seeking a compromise over a rescue plan for the region’s carbon market, aiming to win majority support for the measure in the EU Parliament after a possible victory in a committee next month.
http://jlne.ws/12hyVwV
**RKB — Much of the document’s specific details discussed here. More coverage below.

EU seeks 2014 deadline for nations’ greenhouse gas plans
Reuters
All countries should outline their long-term plans for curbing greenhouse gases next year, earlier than favored by Washington, to revive the stalled fight against climate change, the European Union proposed on Tuesday.
http://jlne.ws/144CnoT

EU Lawmakers Seek Limits on Carbon Fix Should Block Attempt Fail
Bloomberg
Lawmakers from the biggest group in the European Parliament are seeking to restrict a proposed carbon-market fix should their attempt to block the stopgap measure fail, according to a document obtained by Bloomberg News.
http://jlne.ws/15hIIzP
**RKB — Among the details: The European Union may delay the sales of no more than 900 million carbon allowances to reduce oversupply in the EU emissions-trading system and may intervene only once until 2020, according to an amendment to the carbon-market rescue plan proposed by three members of the European People’s Party.

EU Cites ‘Trade Justice’ in Tariff on China Solar Panels
Bloomberg
The European Union’s trade chief vowed to tax Chinese solar panels next month in the largest EU commercial dispute of its kind, while urging China’s exporters to boost prices in return for an eventual end to the tariffs.
http://jlne.ws/ZrVvRy

Solar Industry Anxious Over Defective Panels
The New York Times
The solar panels covering a vast warehouse roof in the sun-soaked Inland Empire region east of Los Angeles were only two years into their expected 25-year life span when they began to fail.
http://jlne.ws/17403Aj

Chill breeze of politics stills Australian renewables
Reuters
On a line of low hills standing sentinel beside a dry lake bed near Australia’s capital, giant turbines turning slowly in a chill winter breeze give no hint of a multi-billion-dollar storm building around renewable energy.
http://jlne.ws/17pBOx4

The Case for a Profit Motive in Conserving the Environment
The New York Times Dot Earth blog
I think you may appreciate this recent chat I had with Mark Tercek, the president of The Nature Conservancy and co-author of “Nature’s Fortune: How Business and Society Thrive by Investing in Nature.”
http://jlne.ws/15hH8he

Kazakhstan invests 2 percent of GDP in “green” economy per year
Trend
Kazakhstan will annually invest 2 percent of GDP in the “green” economy, Kazakh President Nursultan Nazarbayev said at the world anti-crisis conference within the VI Astana Economic Forum on Thursday.
http://jlne.ws/119E7zA

Events

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

Converge Paris
Sustainable Energy Tech Conference
Paris, France
June 24-28
http://jlne.ws/14ClDYZ

Carbon

Costa Rica moves Forward on Local Carbon Market
The Costa Rica News
The Costa Rica Minister of Environment and Energy announced that in the next few months the country will have a local carbon market with finance projects for reducing emissions.
http://jlne.ws/15hIubZ

Japan to Provide $ 100 Million for Environmental Projects in Costa Rica
The Costa Rica News
The Japan Bank for International Cooperation (JBIC), will provide $ 100 million for two state banks Costa Rica finance environmental projects to enable the country achieve its goal of being carbon neutral by 2021.
http://jlne.ws/145cB3M

Natural Gas/Coal/Alternative Fuel

Dong Energy Delays Switch to Biomass as It Awaits Rules on Tax
Bloomberg
Dong Energy A/S, Denmark’s largest utility, postponed switching a power station unit to burn biomass instead of coal, citing rules on the tax it will have to pay for producing heat from the renewable fuel.
http://jlne.ws/10yDf7T

Argentina, Indonesia Hit With EU Tariff on Biodiesel Imports
Bloomberg
The European Union imposed tariffs on biodiesel from Argentina and Indonesia, expanding renewable-energy trade barriers after EU import levies against the U.S.
http://jlne.ws/116yMWr

Insight: California environmentalists fear frack fight a distraction
Reuters
As California sets the ground rules for drilling in the Monterey oil formation, a hard-to-reach shale reserve that is the largest in the United States, some environmentalists worry that politicians, regulators and fellow activists are fighting the wrong battle.
http://jlne.ws/15h8gNy

Shell Backs Away From East Africa Gas Deal
The Wall Street Journal
THE HAGUE, Netherlands—Royal Dutch Shell PLC is returning its exploration focus to the West African heartlands after a second attempt to gain a foothold in massive new gas discoveries off Africa’s East Coast failed.
http://jlne.ws/10GCOox

Woodside Restarts Gas Search for Pluto Expansion
The Wall Street Journal
BRISBANE, Australia—Woodside Petroleum Ltd. WPL.AU -0.49% will restart efforts to find natural gas for an expansion of a flagship Australian export facility early next year, but it isn’t anxious to compensate for slow organic production growth with a big acquisition, Chief Executive Peter Coleman said.
http://jlne.ws/10GCwht

Wesfarmers Considers Increasing Coal Port Capacity
The Wall Street Journal
SYDNEY—Wesfarmers Ltd. said it was considering expanding its Australian coal port capacity at a time when many others are auctioning off assets in response to falling coal prices.
http://jlne.ws/1740w5A

Power

Greentech Set for First U.S. Solar Investment as Europe Weakens
Bloomberg
Greentech Energy Systems A/S (GES), a Danish renewable-power developer, is set to make its first U.S. investment as weakening growth in Europe prompts expansion overseas.
http://jlne.ws/1aww7cW

Canadian Solar Surges on Increased Panel Demand in Japan
Bloomberg
Canadian Solar Inc. (CSIQ), the Ontario-based solar-panel company with manufacturing operations in China, rose to a 22-month high as surging demand in Japan helped boost first-quarter shipments beyond the company’s forecast.
http://jlne.ws/15h2J9C

Austrian Wind Farms May Win European Investment Bank Financing
Bloomberg
The European Investment Bank is considering an 85 million-euro ($109 million) loan to build and operate three wind farms in Austria.
http://jlne.ws/1196VYW

Development bank to boost support for Polish power sector
Reuters
The European Bank for Reconstruction and Development (EBRD) plans to shift its focus in Poland from the financial sector to the funding of energy projects to help the country to reduce its reliance on coal.
http://jlne.ws/10Ge4wM

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 >

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