In this edition, more post-Sandy, post-election pressure on Washington (timed to California’s carbon market launch) covered in Blame Wimpy for Slow U.S. Response to Climate Change and Day-Two coverage of Obama vows to move climate change agenda forward, and Experts: Calif.’s cap-and-trade system unlikely to spur federal action soon.

Quote of the Day:

“I think the impossible may be moving to the inevitable without ever passing through the probable.”

–Former South Carolina Republican Rep. Bob Inglis in the AP’s “Global warming talk heats up as carbon tax revisited”

Lead Stories

Brazil calls for delay in talks to cut emissions
The Age
The debate on whether the world needs stronger greenhouse gas cuts to keep the planet from warming by 2C should be deferred until next year, according to Brazil’s lead negotiator at the upcoming talks in Doha.
http://jlne.ws/Qh8AsI
**RKB — His argument? Focus on Kyoto extension for the long term.

Blame Wimpy for Slow U.S. Response to Climate Change
Bloomberg
In the halting, measured language we’ve come to expect from his impromptu public remarks, President Obama posed a core dilemma of climate change yesterday at his first post-election press conference. Explaining the possible repercussions of failing to act now, he said, climate change “is going to have an impact and a cost down the road, if we don’t do something about it.”
http://jlne.ws/UJiT4z
**RKB — Interesting look (in the wake of Obama’s slightly ramped up rhetoric) at the psychology behind climate inaction. That’s right. “I’d gladly pay you Tuesday for a hamburger today.”

Obama vows to move climate change agenda forward
Business Green
President Obama yesterday committed to making action on climate change a central component of his second term, promising to play a personal role in trying to make the US an “international leader” on climate change action.
http://jlne.ws/PXlgDF

Obama outlines climate action – with a catch
The Age
President Barack Obama said he plans to work with Congress in his second term to curb human-aggravated climate change, but not at the expense of the US economy.
http://jlne.ws/XKjitN

Global warming talk heats up as carbon tax revisited
AP
Climate change is suddenly a hot topic again. The issue is resurfacing in talks about a once radical idea: a possible carbon tax.
http://jlne.ws/ZDjRF6

Experts: Calif.’s cap-and-trade system unlikely to spur federal action soon
AP
California’s new system for limiting industrial greenhouse gas emissions by putting a price on carbon is not likely to spur a similar federal program anytime soon, but it might influence other states to follow suit, energy policy experts said.
http://jlne.ws/UHedBJ

House GOP leaders pledge to oppose climate change ‘tax’
The Hill’s E2 Wire
The entire House GOP leadership team has registered its opposition to climate legislation that raises revenue, underscoring the long odds that taxing carbon emissions has in negotiations on the fiscal cliff.
http://jlne.ws/T5hXLk

CFTC appeals court decision to halt derivatives rules
The Hill’s E2 Wire
The Commodity Futures Trading Commission (CFTC) has decided to appeal a court ruling that halted its efforts to implement new restrictions on derivatives trading.
http://jlne.ws/UHeHb9

Norway’s Pension Fund Vows To Purge Holdings That Drive Deforestation
Ecosystem Marketplace
When it comes to saving the world’s dwindling rainforest, Norway has been a leader in guiding the world toward sustainable forest management. The small country pledged $500 million annually toward REDD+ (reducing emissions from deforestation and degradation) in 2007.
http://jlne.ws/TMlkUT

Events

Doha Climate Change Conference
United Nations Framework Convention on Climate Change
Nov. 26-Dec. 7, 2012
http://jlne.ws/Txxpzj

Carbon

CDM reaches 5,000th carbon-cutting project milestone
Business Green
The UN has today announced that a wind farm in the Dominican Republic has become the 5,000th project registered under its carbon offsets programme the Clean Development Mechanism (CDM).
http://jlne.ws/TH9rgP

Alstom, EON Urge EU to Extend Deadine for CCS Funding
Bloomberg
Alstom SA (ALO), EON SE and Drax Group Plc (DRX) are among 17 companies and industry groups asking European Union regulators to extend the deadline for a carbon-capture and storage program after national governments failed to deliver financing guarantees that would trigger more than 1 billion euros ($1.3 billion) in EU funding.
http://jlne.ws/TPmcbO

Natural Gas/Coal

Mitsui Chemicals Eyes U.S. For Cheap Natural Gas
The Wall Street Journal
Mitsui Chemicals Inc. 4183.TO +7.14% has joined a growing list of petrochemical producers looking to take advantage of cheap natural gas in the U.S. by investing there, the company’s president said Wednesday.
http://jlne.ws/TPycdm

Gas body fired up over reports of methane leaks
The Age
VAST amounts of methane appear to be leaking undetected from Australia’s biggest coal seam gas field, according to world-first research undercutting claims by the gas industry.
http://jlne.ws/Ut8xoP

Why Shell Is Making a Big Bet on Natural Gas
CNBC blog
With natural gas trading near a one-year high, Royal Dutch Shell, one of the world’s largest integrated oil and gas companies, is making a big bet on the future of the cleanest of all fossil fuels.
http://jlne.ws/Ut8xoP

Power

German green power capacity to rise 38 pct to 2017
Reuters
Germany’s capacity to generate power from renewable energy sources should rise to 111 gigawatts (GW) in 2017, a 38 percent increase over estimated 2013 levels, Germany’s transmission firms said on Thursday.
http://jlne.ws/RX6Inj

Canadian Solar Falls to Record Low on Reduced Forecast
Bloomberg
Canadian Solar Inc. (CSIQ), the third- largest maker of solar panels, fell to a record low after third- quarter sales slumped and the company reduced its shipment forecast for 2012.
http://jlne.ws/T4bMWZ

Hot Rock Ltd. May Build 50-Megawatt Geothermal Plant in Peru
Bloomberg
Hot Rock Ltd. (HRL), a geothermal developer, may build a 50-megawatt power plant in Peru within five years, a company official said.
http://jlne.ws/SudduI

Sen. Wyden sees ‘third path’ on offshore drilling royalties
The Hill’s E2 Wire
Sen. Ron Wyden (D-Ore.) believes lawmakers will be able to find broad support for a “third path” and push through an agreement on awarding drilling royalties to Gulf Coast states in the next Congress.
http://jlne.ws/S1a2fB

RECs

Sen. Murkowski floats five-year phaseout of wind credit
The Hill’s E2 Wire
Congress should extend a wind power tax credit for one year as a bridge to an eventual phaseout, Sen. Lisa Murkowski (R-Alaska), the Senate Committee on Energy and Natural Resources’s ranking member, said Thursday.
http://jlne.ws/UJllrJ

Miscellaneous

Entrepreneurs Turn 900-Year-Old German Abbey into Clean-Energy Icon
InsideClimate News.org
The Abbey of St. Peter in the Black Forest has had its ups and downs since its founding in 1090. It burned to the ground in 1238. It was rebuilt, only to be destroyed by fire in 1437, establishing a pattern that would be repeated for several centuries. In 1727, after it went up in flames yet again, citizens of this close-knit mountain village decided to try something different. They built a new church from blocks of fireproof sandstone, creating an imposing structure that still dominates their postcard-perfect village.
http://jlne.ws/XK8JXF

Reports

Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication
http://jlne.ws/T4XcdE

The EU Emissions Trading System (Posted Oct. 17, 2012)
Environmental Defense Fund
http://jlne.ws/R5RSKM

Energy Water Nexus: Coordinated Federal Approach Needed to Better Manage Energy and Water Tradeoffs (Posted Oct. 17, 2012)
GAO
http://jlne.ws/T2epJe

Carbon Markets and Carbon Policy in China (Posted Oct. 15, 2012)
The Climate Institute/Climate Bridge
http://jlne.ws/T2mHma

View all reports >

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