In this edition, focus on the European markets in UK auctions 4.319 mln EU carbon permits at 7.47 eur/t, plus
Dutch Vote Boosts Pressure to Support Carbon Fix, Lawmaker Says and S&P report:Tighter CO2 rules drag on european utility earnings. Today’s ethanol industry coverage features Brazil’s Ethanol Blend Won’t Spur Investment, Analyst Says

Quote of the Day:

“On climate change, the political discourse here is massively out of step with the rest of the world, but also with the citizens of this country. Polls show very clearly that two-thirds of Americans think this is a real problem and needs to be addressed.”

–Andrew Steer, president of the World Resources Institute and a former special envoy for climate change at the World Bank, in The New York Times’ “Both Romney and Obama Avoid Talk of Climate Change”

Lead Stories

UK auctions 4.319 mln EU carbon permits at 7.47 eur/t
Britain sold 4.319 million spot European Union carbon permits on Thursday at 7.47 euros ($9.69) a tonne each, the UK Debt Management Office said, in its thirtieth and final auction for the second trading period of the EU’s Emissions Trading Scheme.

Dutch Vote Boosts Pressure to Support Carbon Fix, Lawmaker Says
The Dutch government will be under pressure to endorse planned European Union curbs on supply in the carbon market after a motion by the country’s parliament yesterday, an EU lawmaker from the Netherlands said.

TEXT-S&P report:Tighter CO2 rules drag on european utility earnings
Strict new limits on carbon emissions to be introduced in Europe next year will increase carbon liabilities and drag on the earnings of Western European power generators, says Standard & Poor’s Ratings Services today in the report: “Europe’s Tightening CO2 Emission Rules Add Costs And Uncertainties For Utilities”

EU leadership on climate change masks imports role
The European Union is inflating its position as a leader in tackling global climate change by ignoring the impact of its fall in industrial competitiveness, which means the region is now importing more carbon-intensive goods.

Climate Authority Urges No Change to Australia Renewables Target
Australia’s renewable energy target should be retained in its present form, according to a discussion paper released today by the country’s Climate Change Authority.

Both Romney and Obama Avoid Talk of Climate Change
The New York Times
For all their disputes, President Obama and Mitt Romney agree that the world is warming and that humans are at least partly to blame. It remains wholly unclear what either of them plans to do about it.

Depletion, Disease and Drought: An Ecologist’s Take On This Year’s Election
Ecosystem Marketplace
It appears as if this year’s election will be business as usual, focusing on the political trench warfare we Americans have experienced – and come to expect – in the past several election cycles. Election-year white-washing, glossing over substantive issues, creating personas based upon crowd appeal, charm, and pseudo-brilliance – it all continues on without real resolution. But if there ever was a time to focus on meaningful, open dialogue, it is now.

BP Cancels Florida Ethanol Plant, Extends Renewable Exit
BP Plc (BP/), Europe’s second-biggest oil producer, is abandoning a cellulosic ethanol project in the U.S., its second move in a year to scale back in renewable energy.

Brazil’s Ethanol Blend Won’t Spur Investment, Analyst Says
Brazil’s plan to boost to 25 percent its required mix of ethanol with gasoline may not spur investments in production capacity, according to Arnaldo Correa, executive director of the Sao Paulo-based research company Archer Consulting.


EMA  2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA

IETA Carbon Forum Asia
October 30-October 31, 2012
Bangkok, Thailand


Commentary: Emissions scheme on a stretcher
The New Zealand Herald
At current prices an industrial emitter could face a carbon bill of just $200 for every $1 million of revenue.

Lack of Auditors Crippling India Carbon Projects, Study Says
A shortage of auditors is making it harder for Indian companies to register emission-reduction projects with a United Nations program to earn carbon credits, according to a study released today.

Natural Gas/Coal

Cost of mining coal continues to climb
The Washington Post
It’s become common to blame the flagging fortunes of coal mining companies on low natural gas prices that have convinced many U.S. utilities and industries to slash their use of coal.

Cheap Natural Gas Gives New Hope to the Rust Belt
The Wall Street Journal
BEAVER COUNTY, Pa.—Three decades after being devastated by the closing of steel mills, this gritty river valley is hoping its revival will come from cheap natural gas.

Unconventional Oil and Gas Industry Created 1.7 Million Jobs This Year              
The New American
The U.S. oil and natural-gas rush is hacking away at unemployment, manufacturing a total of 1.7 million jobs this year, according to a study released Tuesday by economic forecaster IHS Global Insight. That number will spike to 2.5 million by 2015, and to almost 3.5 million by 2035, creating “high-quality and high-paying” work at wages on average of about $35 an hour — “dramatically higher” than the average $23 an hour for other jobs in the U.S. economy.


EON, RWE Said to Sell Nuclear JV for About $967 Million
EON AG (EOAN) and RWE AG (RWE), Germany’s two largest utilities, are set to sell their U.K. venture Horizon Nuclear Power to Japan’s Hitachi Ltd. (6501) for about 600 million pounds ($967 million), people familiar with the matter said.

Gamesa to Cut 20% of Its Workforce to Return to Profit
Gamesa Corp. Tecnologica SA (GAM), Spain’s biggest maker of wind turbines, said it will cut 20 percent of its workforce in a strategy aimed at reducing its size through 2015 and returning it to profit next year.

LDK Sells Solar Plants to Henan Xindaxin for $22 Million
LDK Solar Co. (LDK), the second-largest maker of wafers for photovoltaic cells, agreed to sell three solar plants at its manufacturing sites to Henan Xindaxin Materials Co. for 140 million yuan ($22.4 million) as part of an effort to improve its balance sheet.

Dominion says high interest in sale of 3 power plants
Dominion Resources Inc said potential buyers have shown high interest in the three power plants it is offering for sale in the U.S. Midwest and Northeast.

Weather forecasts boost UK utility traders’ hopes for profits
Forecasts for unusual weather conditions in Britain this winter are boosting utility traders’ hopes of generating bumper profits just before they close their 2012 trading books.

How Much Do U.S. Tax Benefits Cost per kWh of Solar Production?        
Renewable Energy
Many frequently wonder: what is the cost to the taxpayer/ratepayer of the various benefits (federal, state, utility) bestowed on renewable energy projects, and is there a more cost-effective way to support these fledgling technologies? Also, how do U.S. support structures compare in cost to other places, say, Germany, which incentivizes investment in renewable technologies through feed-in tariffs (FITs)?                    

Regulatory chief: Edge on nuclear power shifting to US
The Hill’s E2 Wire
U.S. nuclear innovation is on the rise as nuclear heavyweights Germany and Japan head toward a possible decline in technical expertise, Nuclear Regulatory Commission (NRC) Chairwoman Allison Macfarlane said Thursday.


I2O Chief Advocates Giving Water Value to Match Its Availability
Governments and regulators should give water a price that correlates more realistically to its availability, said the chief executive officer of I20 Water Ltd., whose clients include Veolia Water (VIE) and United Utilities.

Costa Rica’s 305.5-MW Reventazon Hydropower Plant Receives IDB Loan
Renewable Energy
The Inter-American Development Bank (IDB) has approved US$200 million in non-sovereign guaranteed financing for Costa Rica’s 305.5-MW Reventazon hydroelectric project.                    


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)


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

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