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”

Lead Stories

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.
http://jlne.ws/QKPQfE

Poland to Boost Renewable Power Use Targets as Output Beats Plan
Bloomberg
Poland will from next year increase its short-term targets for renewable energy use as output surpasses plans, damping the price of green certificates.
http://jlne.ws/XEe006

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.
http://jlne.ws/WSGxzy

U.S. wind industry adding record number of turbines
Reuters
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.
http://jlne.ws/PiohQ1

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.
http://jlne.ws/XElIHO

THE REPORT
Americans’ Global Warming Beliefs and Attitudes in September 2012
Yale Project on Climate Change Communication
http://jlne.ws/T4XcdE

Energy storage fund could unblock investment barriers, says S&C Electric
Business Green
Plans to boost the embryonic market for electricity storage that can help balance intermittent renewable energy generation have received a major boost today.
http://jlne.ws/Sb5Niw

Ecuador says companies join novel Amazon protection fund
Reuters
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.
http://jlne.ws/TnUVAA

U.S. officials to visit Indonesia for palm oil emissions talks
Reuters
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.
http://jlne.ws/ReD4Ir

‘REDD+ actions can have varying impacts’
SciDev.net
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.
http://jlne.ws/Rha4z7

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.
http://jlne.ws/THuCjm

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?
http://jlne.ws/ReEcf7
**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.

Events

EMA  2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
http://jlne.ws/NIFCwM

Carbon

Carbon Offsets Tumble as EU Said to Eye Russian Credits Ban
Bloomberg
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.
http://jlne.ws/S98Dmj

UN ERU CO2 Credits Have Busiest Day Ever After EU Proposes Ban
Bloomberg
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.
http://jlne.ws/UldpBC

Natural Gas/Coal

Canada blocks $5.2 bln Petronas bid for Progress Energy
Reuters
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.
http://jlne.ws/QHjZwe

Progress seeks to address Ottawa’s concerns
Reuters
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.
http://jlne.ws/XEhwYy

Canada says still welcomes foreign investment despite Petronas
Reuters
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.
http://jlne.ws/RLJMVh

Analysis : Canada takes hard line on natural resources, no matter the cost
Reuters
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.
http://jlne.ws/ReDgXZ

Coal India may top 464 mln T target in 2012/13-minister
Reuters
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.
http://jlne.ws/OSpEU0

Power

Gevo, Syntroleum Vying for Military Biofuel Supply Deals
Bloomberg
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.
http://jlne.ws/RaL9iB

Honeywell’s U.K. ‘Smart Energy’ Trial Cuts Peak Power Use by 36%
Bloomberg
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).
http://jlne.ws/PimCtL

TenneT needs time to link North Sea wind farms – report
Reuters
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.
http://jlne.ws/VgctKR

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.
http://jlne.ws/T28C1V

China’s solar industry ‘on life support’
Financial Times
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.
http://jlne.ws/ReFcjn

RECs

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.
http://jlne.ws/RSaTRw

CleanTech

Will algae become a growth business?
GreenBiz.com
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.
http://jlne.ws/WSK557

British engineers create petrol from air and water
Reuters
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.
http://jlne.ws/THpJHd

Water

EPA Awards New York State $218 Million for Clean Water Projects
Bloomberg
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.
http://jlne.ws/RLGdhU

Costa Rica Hydroelectric Plant Gets $200 Million IDB Loan
Bloomberg
The Inter-American Development Bank will provide a $200 million loan to help build a hydroelectric plant in Costa Rica’s Limon province.
http://jlne.ws/T7V1dN

Congo’s $9 Billion Inga Plant May Sell S. Africa Power
Bloomberg
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.
http://jlne.ws/TnSQEY

Nigeria to Access World Bank Loan for Water Works, This Day Says
Bloomberg
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.
http://jlne.ws/RNUtpO

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

The Carbon Emissions of Server Computing for small- to medium-sized organizations (Posted Oct. 15, 2012)
http://jlne.ws/Rp3Jk5

The Hidden Costs of Electricity: Comparing the Hidden Costs of Power Generation Fuels (Posted Sept. 19, 2012)
http://jlne.ws/PCt372

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)
IPPR
http://jlne.ws/UeZB9b

Carbon Tax Revenue and the Budget Deficit: A Win-Win Solution? (Posted Aug. 27, 2012)
MIT
http://jlne.ws/Ri3So8

The 21st Century Corporation: The Ceres Roadmap for Sustainability (Posted Aug. 21, 2012)
Ceres
http://jlne.ws/ONwe8M

EPA REGULATIONS AND ELECTRICITY (Posted Aug. 16, 2012)
GAO
http://jlne.ws/NHwlos

European Power & Renewables Deals: Quarterly M&A outlook (Posted August 15, 2012)
Pricewaterhousecoopers
http://jlne.ws/TFZjaV

Advancing Technology for America’s Transportation Future (Posted August 6, 2012)
http://jlne.ws/MA2U6I

Benchmarking Air Emissions Of the 100 Largest Electric Power Producers in the United States (Posted July 31, 2012)
http://jlne.ws/QbRr0J

Per capita CO2 emissions in China reached European level (July 18, 2012)
http://jlne.ws/NAjBQQ

The Interim Regulation of Voluntary Greenhouse Gases Emission Trading in China (Posted July 10, 2012)
The Climate Group
http://jlne.ws/Mhv62s

Measure for Management: C40 Cities (July 9, 2012)
Carbon Disclosure Project
http://jlne.ws/L9LC37

View all reports >

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