In this edition, calls on several fronts from global business and investor groups, appealing for cooperation at Doha talks. Shell, Swiss Re want ‘unambiguous price on carbon’ reports The Hill, while Reuters offers Global investors call for action on serious climate danger. California’s auction draws mixed reviews, including AP’s coverage, California sells out of first pollution permits. Elsewhere, China Grabs Share in Latin America Wind With Cheap Loans, says

Quote of the Day:

“To meet the longer term aspiration of embedding a carbon emissions price within the entire global economy, governments should work bilaterally and multilaterally to ensure common design elements between different market systems and to link up compatible systems.”

–Excerpt from Carbon Price Communique delivered to Doha delegates.

Lead Stories

California Carbon Allowances Sold Out at $10.09 in Auction
Carbon allowances for the start of California’s program to curb greenhouse-gas emissions, the largest U.S. system of the kind, sold out last week at $10.09 a metric ton, lower than the range analysts forecast.
**RKB — Price disappoints analysts but demand volume helps the overall report card for the Nov. 14 auction. Companies bid for more than three times the number of allowances up for sale to be used in the first compliance period, the state air board said.
**More coverage in Carbon section

German minister backs EU proposal to squeeze carbon market
Germany’s environment minister has come out in support of a European Commission proposal to prevent the collapse of its instrument for cutting carbon emissions by withdrawing some emission permits from the market.

Shell, Swiss Re want ‘unambiguous price on carbon’
The Hill’s E2 Wire
Over 100 corporations including Royal Dutch Shell, food and consumer products giant Unilever, and the big re-insurer Swiss Re called Monday for a “clear, transparent and unambiguous price on carbon emissions.”
**RKB — Group delivers joint statement to Doha delegates. More here, in the Carbon Price Communique.

World Bank report warns of ‘devastating’ global warming
The Hill’s E2 Wire
A major World Bank report warns that Earth may be heading for a 4° Celsius (7.2° Fahrenheit) temperature rise by 2100 that would bring unprecedented heatwaves, droughts and floods – effects that put some of the poorest nations at highest risk.

Climate Change Report Warns of Dramatically Warmer World This Century
World Bank

Global investors call for action on serious climate danger
A coalition of the world’s largest investors called on governments on Tuesday to ramp up action on climate change and boost clean-energy investment or risk trillions of dollars in investments and disruption to economies.
**RKB — Investors speak out too. Coalition includes Ceres, others.

Bipartisan steps urged on climate change policy
Boston Globe
First, Hurricane Sandy hit. Then, President Obama mentioned global warming in his acceptance speech. Now, 2012 looks likely to be the hottest year on record.

BTM Cuts Offshore Wind Forecast on German Grid, Sweden Incentive
Global offshore wind turbine installations are expected to grow more slowly than previously expected because of grid delays in Germany and the price of wind power in Sweden, according to Navigant Consulting Inc.

Cameron Urged to Heal Rift Over U.K. Green Growth Plan
U.K. lawmakers joined the WWF environmental pressure group in pressing Prime Minister David Cameron to heal a rift in the government that’s holding up proposals to reform the energy market.

Iowa scientists warn of need for climate change action
A group of scientists in the top U.S. grain-growing state of Iowa said on Monday that this year’s harsh drought was a sign of things to come and should spur more action to prepare for the challenges of a warming climate.


Doha Climate Change Conference
United Nations Framework Convention on Climate Change
Nov. 26-Dec. 7, 2012


State’s 1st carbon auction goes smoothly
San Francisco Chronicle
For the first time, spewing a ton of greenhouse gases in California carries a price. And it’s $10.09 – less than many analysts expected.

California sells out of first pollution permits
California sold out of the first pollution permits issued as part of a landmark offensive against greenhouse gases at an inaugural auction that regulators said Monday went smoothly.

UK postpones auctions of EU aviation CO2 permits
The British government said on Monday it will postpone two auctions of European Union emissions permits for the aviation sector, after the European Commission proposed freezing its airline emissions law for non-EU flights last week.

Carbon benefits going up in smoke?
New Zealand Herald
The collapsing price of carbon has left investors feeling conned and forest owners warning of deforestation.

Natural Gas/Coal

Statoil and Wintershall sign major strategic gas supply agreement
Press Release
Statoil and Wintershall have entered into a 10-year gas sales agreement for the delivery of a total of 45 billion cubic meters (bcm) to the German and other North-West European markets.

Shell may feed Arrow gas into rivals’ Australian LNG plants
Royal Dutch Shell may delay a final decision on whether to push ahead with its Arrow liquefied natural gas plant in Australia as it considers feeding its gas into other LNG projects in the area due to rising costs.

UPDATE 2-US LNG export study by NERA consulting -sources
A highly anticipated report being produced for the U.S. Department of Energy on the economic consequences of exporting U.S. natural gas, is being conducted by NERA Economic Consulting, industry sources said.


China Grabs Share in Latin America Wind With Cheap Loans
Chinese wind-turbine makers have broken into the South American market, the world’s fastest- growing, by offering government-backed loans at interest rates as much as 50 percent lower than local offerings.

Tecnometal, NGP to Sign Power Contract for Brazil Solar Project
Tecnometal Equipamentos Ltda., Brazil’s only photovoltaic panel maker, and the U.S. developer New Generation Power expect to complete a contract this week to sell energy from solar project to the municipality of Itajobi.

Longyuan Power Said to Weigh $500 Million Share Sale
China Longyuan Power Group Corp. (916), the nation’s biggest wind-power producer, may raise about $500 million by selling shares in Hong Kong, three people with knowledge of the matter said.


FuelCell Power Plant for Microsoft to Use Biogas From Wastewater
FuelCell Energy Inc. (FCEL), the Danbury, Connecticut-based maker of fuel-cell power plants, agreed to build a system at a Microsoft Corp. (MSFT) data center in Wyoming that will run on gas generated from wastewater.


Abengoa Breaks Ground on West Africa’s First Desalination Plant
Abengoa SA (ABG), the Spanish company that’s developed desalination plants from Algeria to India and China, has broken ground on West Africa’s first desalination facility, a venture meant to benefit 500,000 people in Ghana.


Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
World Bank

Americans’ Global Warming Beliefs and Attitudes in September 2012 (Posted Oct. 21, 2012)
Yale Project on Climate Change Communication

The EU Emissions Trading System (Posted Oct. 17, 2012)
Environmental Defense Fund

Energy Water Nexus: Coordinated Federal Approach Needed to Better Manage Energy and Water Tradeoffs (Posted Oct. 17, 2012)

Carbon Markets and Carbon Policy in China (Posted Oct. 15, 2012)
The Climate Institute/Climate Bridge

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