In this issue, coverage of an active European market in Carbon Offsets Tumble as EU Said to Eye Russian Credits Ban and UN ERU CO2 Credits Have Busiest Day Ever After EU Proposes Ban. Elsewhere, U.S. wind industry adding record number of turbines and Americans increasingly believe in global warming, Yale report says.
Quote of the Day:
“We just killed more meat than we could drag back to the cave and eat. Now we have a problem.”
–Maynard Holt, co-president of Tudor Pickering Holt & Company, a Houston investment bank that has handled dozens of shale deals in the last four years, in The New York Times’ “After the Boom in Natural Gas”
After the Boom in Natural Gas
The New York Times
THE crew of workers fought off the blistering Louisiana sun, jerking their wrenches to tighten the fat hoses that would connect their cement trucks to the Chesapeake Energy drill rig — one of the last two rigs the company is still using to drill for natural gas here in the Haynesville Shale.
Poland to Boost Renewable Power Use Targets as Output Beats Plan
Poland will from next year increase its short-term targets for renewable energy use as output surpasses plans, damping the price of green certificates.
Greens divided on whether to hit Obama on climate change
The Hill’s E2 Wire
The environmental movement is divided over how hard to pressure President Obama on climate change in the homestretch of the 2012 campaign.
U.S. wind industry adding record number of turbines
U.S. wind power developers are installing record-high numbers of turbines in 2012 but that growth could weaken if a production tax credit expires at the end of this year, an industry group said.
Americans increasingly believe in global warming, Yale report says
Los Angeles Times
For the first time since the United States entered a deep recession five years ago, 70% of Americans now say they believe global warming is a reality, according to researchers.
Americans’ Global Warming Beliefs and Attitudes in September 2012
Yale Project on Climate Change Communication
Energy storage fund could unblock investment barriers, says S&C Electric
Plans to boost the embryonic market for electricity storage that can help balance intermittent renewable energy generation have received a major boost today.
Ecuador says companies join novel Amazon protection fund
About a dozen companies are contributing to a novel conservation plan that pays Ecuador to protect part of the Amazon rainforest in return for barring oil drilling, the head of the initiative said on Friday.
U.S. officials to visit Indonesia for palm oil emissions talks
The U.S. Environmental Protection Agency will visit Indonesia next week, officials said on Friday, in what may prove a crucial step in the battle to meet green standards and open up a potentially huge market for the world’s top palm oil producer.
‘REDD+ actions can have varying impacts’
Impacts of actions under Reduction of Deforestation and Degradation (REDD+) – a UN mechanism to stem deforestation and degradation – on biodiversity and carbon vary across forest types and landscape conditions, a new global assessment shows.
Forestry plan may be canned
Timaru Herald (New Zealand)
A carbon farming company’s plans to establish plantation forest on thousands of hectares in the Hunter Hills may not proceed. In April, Environment Canterbury granted a consent allowing New Zealand Land Leasing Ltd to plant 4230 hectares of radiata pine and douglas fir on Kaiwarua Station.
What’s Wrong with Putting a Price on Nature?
Yale Environment 360
The concept of pricing ecosystem services and allowing them to be bought and sold has gained wide acceptance among conservationists in recent years. But does this approach merely obscure nature’s true value and put the natural world at even greater risk?
**RKB – A voice from side questioning markets’ role in clipping climate change. Contributor is Richard Conniff. A National Magazine Award winner and author of several books, including The Species Seekers: Heroes, Fools, and the Mad Pursuit of Life on Earth.
EMA 2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
Carbon Offsets Tumble as EU Said to Eye Russian Credits Ban
United Nations carbon offset contracts slumped to records after the European Union proposed to ban from its market certain credits issued from next year by countries that fail to adopt new carbon goals.
UN ERU CO2 Credits Have Busiest Day Ever After EU Proposes Ban
Trading volume in United Nation Emission Reduction Units rose to a record on London’s ICE Futures Europe exchange after the European Union proposed a ban on the use of the offsets from April.
Canada blocks $5.2 bln Petronas bid for Progress Energy
Canada has blocked Malaysian state oil firm Petronas’ C$5.17 billion ($5.2 billion) bid for gas producer Progress Energy Resources in a surprise move that could signal problems for a much larger Chinese deal in the country’s energy sector.
Progress seeks to address Ottawa’s concerns
Progress Energy Resources Corp said on Saturday that it would take the next 30 days to determine the nature of concerns that led to Ottawa’s rejection of its takeover by Malaysia’s Petronas and try to find remedies.
Canada says still welcomes foreign investment despite Petronas
Canada said on Saturday it still invites foreign investment in natural resources despite its surprise rejection of a C$5.17 billion ($5.2 billion) takeover of Progress Energy Resources Corp by Malaysia’s Petronas, a deal that had been expected to pass muster easily.
Analysis : Canada takes hard line on natural resources, no matter the cost
Canada signaled a tough line on control of its natural resources with its surprise rejection of a Malaysian bid for gas company Progress Energy Resources Corp., putting concerns about state-owned firms above fears of damaging an already dented international reputation.
Coal India may top 464 mln T target in 2012/13-minister
A nine percent jump in Coal India Limited’s production so far this fiscal year has made it possible that the world’s top coal producer will exceed its full-year target of 464 million tonnes, the coal minister said on Friday.
Gevo, Syntroleum Vying for Military Biofuel Supply Deals
Gevo Inc. (GEVO), Syntroleum Corp. and Solazyme Inc. (SZYM) may be among a “small set” of biofuel producers vying for supply contracts from the U.S. Defense Department, the world’s largest consumer of fossil fuels, analysts said.
Honeywell’s U.K. ‘Smart Energy’ Trial Cuts Peak Power Use by 36%
Honeywell International Inc. (HON), a U.S. maker of thermostats and electronic controls, cut peak power use in buildings by as much as 36 percent during a U.K. trial of “smart” energy-saving equipment in a network run by SSE Plc. (SSE).
TenneT needs time to link North Sea wind farms – report
Dutch state-owned power grid operator TenneT wants more time to link up wind farms in the North Sea with Germany’s electricity grid, director Lex Hartman was reported as saying by Dutch news agency ANP.
Biofuels industry presses congressional leaders to maintain fuel rule
The Hill’s E2 Wire
Biofuels groups pressed congressional leadership Thursday to maintain a biofuels mandate when lawmakers consider drought-relief legislation.
China’s solar industry ‘on life support’
A senior Chinese energy official said the country’s solar panel industry was like “a patient on life support” that would have to undergo radical consolidation and cuts to emerge from the “crisis” of overcapacity.
Wind credit uncertainty dents GE revenues
The Hill’s E2 Wire
The uncertainty surrounding a wind industry tax credit decreased General Electric’s energy infrastructure revenues 5 percent in the third quarter as wind turbine sales dropped, the company said Friday.
Will algae become a growth business?
Algae are fascinating little creatures. They’re easy to grow (as anyone with an outdoor swimming pool knows), they grow fast, they consume a waste product (CO2) and they make oil. It’s no wonder that for nearly half a century, scientists have tried to unlock the energy potential in algae.
British engineers create petrol from air and water
A small British company has developed a way to create petrol from air and water, technology it hopes may one day contribute to large-scale production of green fuels.
EPA Awards New York State $218 Million for Clean Water Projects
The Environmental Protection Agency awarded $218 million to New York state to help finance water projects, primarily to upgrade sewage plants and drinking water systems.
Costa Rica Hydroelectric Plant Gets $200 Million IDB Loan
The Inter-American Development Bank will provide a $200 million loan to help build a hydroelectric plant in Costa Rica’s Limon province.
Congo’s $9 Billion Inga Plant May Sell S. Africa Power
The Democratic Republic of Congo may provide 2,500 megawatts of power to South Africa, Botswana, and Namibia under a revised plan to build the Inga III hydropower plant, a project official said.
Nigeria to Access World Bank Loan for Water Works, This Day Says
Nigeria plans to access a $400 million World Bank loan for water and sewer works, including infrastructure upgrades, This Day reported, citing a water and sanitation specialist at the lending institution.
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
The Carbon Emissions of Server Computing for small- to medium-sized organizations (Posted Oct. 15, 2012)
The Hidden Costs of Electricity: Comparing the Hidden Costs of Power Generation Fuels (Posted Sept. 19, 2012)
CDP Global 500 Climate Change Report (Posted Sept. 11, 2012)
Carbon Disclosure Project
Beyond the bluster: Why wind power is an effective technology (Posted Aug. 30, 2012)
Carbon Tax Revenue and the Budget Deficit: A Win-Win Solution? (Posted Aug. 27, 2012)
The 21st Century Corporation: The Ceres Roadmap for Sustainability (Posted Aug. 21, 2012)
EPA REGULATIONS AND ELECTRICITY (Posted Aug. 16, 2012)
European Power & Renewables Deals: Quarterly M&A outlook (Posted August 15, 2012)
Advancing Technology for America’s Transportation Future (Posted August 6, 2012)
Benchmarking Air Emissions Of the 100 Largest Electric Power Producers in the United States (Posted July 31, 2012)
Per capita CO2 emissions in China reached European level (July 18, 2012)
The Interim Regulation of Voluntary Greenhouse Gases Emission Trading in China (Posted July 10, 2012)
The Climate Group
Measure for Management: C40 Cities (July 9, 2012)
Carbon Disclosure Project