In this edition, market developments in Spain to Decide on Fix for EU Carbon Market in Two Weeks from Bloomberg plays out against new data, reported in Reuters’ article EU’s greenhouse gas emissions sink to lowest since 1990 and EU Carbon Price Expectations Plunge 47% in a Year, IETA Says.

Quote of the Day:

“Official support for backloading from Madrid could tip the balance in the upcoming parliament plenary vote if Spanish members were to follow their own government. A public Spanish commitment to the backloading plan before July 2 could therefore trigger an increased volume of speculative bets ahead of the vote.”

–Itamar Orlandi, an analyst in London at Bloomberg New Energy Finance, in Bloomberg’s “Spain to Decide on Fix for EU Carbon Market in Two Weeks”

 

Lead Stories

EU’s greenhouse gas emissions sink to lowest since 1990
Reuters
Greenhouse gases emitted by the European Union fell by 3.3 percent in 2011 to their lowest level since 1990, the European Environment Agency said on Wednesday.
http://jlne.ws/118o81w

EU Carbon Price Expectations Plunge 47% in a Year, IETA Says
Bloomberg
European Union carbon price expectations through 2020 have fallen 47 percent since last year, the International Emissions Trading Association said.
http://jlne.ws/11AnJtH

Spain to Decide on Fix for EU Carbon Market in Two Weeks
Bloomberg
Spain’s government is discussing whether to back a draft emergency measure to strengthen Europe’s carbon market and will decide about its position in two weeks, State Secretary for Environment Federico Ramos said.
http://jlne.ws/11c6cpK

World Bank Reduces UN Offset Supply Forecast as Price Slumps
Bloomberg
The World Bank revised down its projection for the supply of United Nations carbon offsets in the eight years through 2020 by 30 percent, after a collapse in prices deterred projects that generate the credits.
http://jlne.ws/10AUNjG

Former EPA chief Lisa Jackson takes a job at Apple
John Upton – Grist
Apple, after getting hit with criticism for using dirty energy at its data centers, has been increasingly drawing on green power — wind, solar, geothermal, and, now, former EPA Administrator Lisa Jackson.
http://jlne.ws/11ypsj0
**JK–How bout it? A bureaucrat who didn’t join a lobbying group. Still, power position on both coasts one assumes.

Chairman of U.S. energy regulatory commission to depart
Reuters
Jon Wellinghoff, who as chairman of the U.S. Federal Energy Regulatory Commission stepped up enforcement of rules and investigations into Wall Street banks’ trading practices, is leaving.
http://jlne.ws/10IFNwL

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

CO2 market lift for Uruguay wind
Renews.biz
Sowitec has set up a Programme of Activities for wind energy in Uruguay, opening the door to the European carbon market.
http://jlne.ws/118Bzyp

Eneco Carbon Desk and FutureCamp Climate reach agreement on portfolio of carbon credits for German market
Press Release
Eneco Carbon Desk and FutureCamp Climate will cooperate in marketing carbon credits in the German market. The portfolio consists of an initial offering of twenty projects from across Asia and Latin America that will deliver more than 1 million UN endorsed carbon credits (Certified Emission Reductions, CER). They involve the implementation
of energy efficiency improvements, renewable energy generation and waste management. The projects deliver not only green technologies to developing countries, but also result in positive social impacts.
** No Link

Natural Gas/Coal

China looks local for solution to gas price dilemma
Reuters
Those looking for the start of China’s long-awaited gas price reforms may have missed it – rather than follow a nationwide approach, the government has allowed a few cities to take the lead in raising prices closer to market rates.
http://jlne.ws/19naZYQ

Power

Buffett pays $5.6 bln for Vegas utility, bulks up in West
Reuters
A Berkshire Hathaway Inc unit will pay $5.6 billion for NV Energy Inc, the electric utility serving Las Vegas and its power-hungry casinos, in yet another large energy deal for Warren Buffett in the western United States.
http://jlne.ws/11zWWxB

India, Japan seek early agreement on civil nuclear pact
Reuters
Japanese Prime Minister Shinzo Abe and his Indian counterpart agreed on Wednesday to speed up talks on a deal to allow Japan to export nuclear plants and to strengthen security cooperation as both sides keep a wary eye on China’s military clout.
http://jlne.ws/113lMA4

U.S. senator accuses utility of misleading on San Onofre upgrade
Reuters
A U.S. senator on Tuesday said that Southern California Edison misled the public and regulators on work at its troubled San Onofre nuclear power plant in order to avoid safety reviews and she called for a Justice Department probe.
http://jlne.ws/11c2fBF

Sinovel Says Company Is Under Investigation by Chinese Regulator
Bloomberg
Sinovel Wind Group Co. (601558), China’s third-biggest maker of wind turbines, said it’s being investigated for suspected violations of securities laws and regulations.
http://jlne.ws/1344bMw

Gamesa’s First Order in Kenya to Supply Nairobi Wind Farm
Bloomberg
Gamesa Corp. Tecnologica SA (GAM), Spain’s largest wind-turbine maker, won an order to supply a project near Nairobi, its first in Kenya.
http://jlne.ws/118pzNi

Quantum Fuel to Sell 10-Megawatt Trout Creek Wind Farm in Canada
Bloomberg
Quantum Fuel Systems Technologies Worldwide Inc. (QTWW), the Lake Forest, California-based developer of alternative-fuel vehicles and energy-storage systems, agreed to sell its 10-megawatt Trout Creek wind farm in Canada.
http://jlne.ws/10AWcXm

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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