In this edition, dispatches from Doha, including EU climate finance roadmap ‘not possible’ in Doha. And from the nat gas space: Fracking Companies Embrace Solar to Cut Carbon Emissions: Energy Bloomberg and US must assess fracking when weighing natgas exports-Sierra Club.
Quote of the Day:
“We know that we have to come up with more money. We know that we have to bridge to the long-term financing amount of $100bn by 2020. Everybody is very much aware of that.”
–Connie Hedegaard, EU Climate Action Commissioner, in Argus’ “EU climate finance roadmap ‘not possible’ in Doha”
Think tank to sue EPA to force cap-and-trade rules
A think tank is preparing to sue the Environmental Protection Agency to demand that the agency set up a cap-and-trade system for the transportation sector to rein in greenhouse gas emissions from fuels.
Emissions trading: Cap and trade finds new energy
An emerging coalition is implementing carbon trading despite political obstacles. It is rewriting the map of climate diplomacy, says Michael Grubb.
U.S. Seeks to Reassure Poor Nations on Climate Aid
Climate finance officials from the U.S., Germany and the U.K. said their governments will continue to pay out aid aimed at helping the world’s most vulnerable countries cope with global warming.
UN Green Climate Fund Needs Another Year to Start
The European Commission’s lead climate negotiator at United Nations treaty talks in Doha said it’s likely to take at least a year for the Green Climate Fund to become operational.
EU climate finance roadmap ‘not possible’ in Doha
The EU will not set firm interim targets to help it deliver its share of $100bn/yr in funding by 2020, promised by developed countries for adaptation to and mitigation of climate change in the developing world, EU climate action commissioner Connie Hedegaard said today.
A Transitional Climate Summit in Doha
Council on Foreign Relations
As the annual United Nations climate negotiations get under way this week in Doha, Qatar, the mood is different from previous years. Delegates by and large remain seized by the challenge of global climate change, which threatens intensifying damages primarily in the future but requires strong action to curb emissions now.
Qatar Hosting Climate Talks Spotlights Carbon-Data Void
Middle Eastern companies lag behind those in the rest of the world in reporting carbon-dioxide emissions. They mirror governments in a region that for the first time is hosting global talks to limit climate change.
Energy hedge fund springs from bank alumni
Three natural gas and power traders who had worked for JPMorgan Chase & Co and Barclays Plc have teamed up to start a fund trading in gas and power markets starting in January.
Senators push Obama to propose clean gasoline rules
A group of Democratic senators on Thursday will urge the Obama administration to propose rules to cut smog-forming emissions from gasoline, regulations opposed by many Republicans.
Senate gives green light to Pentagon green energy
The Senate on Wednesday gave the green light to the Pentagon’s investment in green energy.
Brazil Says It Slowed Deforestation; Challenges Others To Follow Suit
Deforestation in Brazil has slowed to its slowest rate since measurements began, according to the Brazilian delegation to the UN’s 18th Climate Change Conference in Doha. The discussion focused on Brazil’s long-term plans to maintain these low deforestation rates as well as how this accomplishment will impact climate negotiations at the conference.
Doha Climate Change Conference
United Nations Framework Convention on Climate Change
Nov. 26-Dec. 7, 2012
2013 Climate Leadership Conference
February 27-March 1, 2013
Head to head: Is cap-and-trade auction a step forward?
California held its first cap-and-trade auction Nov. 14 as part of the state’s effort to reduce greenhouse gas emissions to 1990 levels by 2020. More than 70 companies submitted bids for more than three times the 23 million credits available for 2013. For the first time, the state has a market price on carbon of $10.09 per metric ton.
SA industry advised to fight for 100% exemption for offsets in carbon tax law
INDUSTRY in South Africa needed to fight for 100% tax exemption for its offsets of greenhouse gas emissions within the coming South African carbon tax regime, a carbon trade expert told an International Council on Mining and Metals (ICMM) event in Doha, Qatar, on Wednesday night.
Northern Australia’s carbon market potentially vast, report finds
The Sydney Morning Herald
Tapping the carbon market of northern Australia could provide a valuable new revenue stream for the region – once key obstacles are removed, according to a government report.
Straw poll finds in favour of western Kenya’s water and carbon solution
An innovative scheme financed by carbon credits is providing clean, safe water to about 4.5 million people in Western Province.
Fracking Companies Embrace Solar to Cut Carbon Emissions: Energy
The vast majority of hydraulic fracturing sites in the U.S. are powered by emissions-spewing, noisy diesel engines.
US must assess fracking when weighing natgas exports-Sierra Club
The Obama administration has the tools to carry out a more extensive environmental review of the effects of expanding U.S. natural gas exports, but has so far refused to do so, the Sierra Club said in report released on Thursday.
Shell sees big output boost from Chesapeake acreage buy
Royal Dutch Shell expects “years and years” of production from oil and natural gas acreage it recently bought from Chesapeake Energy Corp and plans to add more drilling rigs, the head of Shell’s Americas operations said on Thursday.
Hungary may sign deal for E.ON’s gas units soon – source
Hungary’s state-owned energy firm MVM may sign a deal with E.ON to buy the German utility’s local gas trading and storage units before the end of this year, a source familiar with the situation told Reuters.
U.K. Nuclear Push Gains With Bill to Revamp Power Market
U.K. lawmakers began considering legislation today that will revamp electricity markets, part of a 110 billion-pound ($176 billion) effort to spur construction of nuclear, gas and wind power plants.
Despite Setbacks, Investor Is Bullish on Clean Technology
The New York Times
Vinod Khosla crowed about the clean energy industry last year. Three of the biofuel start-ups in his venture capital portfolio had just gone public, and the stocks had risen considerably after their debuts. “I challenge anybody to claim that clean tech done right is a disaster,” Mr. Khosla said at a conference, rebuffing recent criticism. “We’ve generated more profits there than anybody has.”
Ghana’s Kpong Water Project Ready by 2014 With China Exim Funds
A $273-million expansion of Ghana’s Kpong water-treatment plant will be ready by 2014 with funding from the government and the Export-Import Bank of China, Water Resources, Works and Housing Minister Enoch Teye Mensah said.
Water Improvement Bank Grants Agreed on for Mexico Border Cities
Water utilities in two Mexican cities signed grant agreements with the North American Development Bank to help finance $76 million of wastewater and water infrastructure projects.
Regional Investment of RGGI CO2 Allowance Proceeds, 2011 (Posted Nov. 27, 2012)
2012 Report on Sustainable and Responsible Investing Trends in the US (Posted Nov. 27, 2012)
The Forum for Sustainable and Responsible Investment
Climate Change Report Warns of Dramatically Warmer World This Century (Posted Nov. 19, 2012)
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