In this edition, Bloomberg’s coverage of the Center for European Policy Studies preference for carbon market linkage. And in another item: UN Carbon Plan Created $250 Billion in Investment, Official Says. Also today, Renewable Energy World brings an indepth look at trade and renewable energy through The WTO vs. Ontario.

Quote of the Day:

“To stop over-flooding a market that is already over-flooded, that should be a no-brainer really and I hope that most member states can support that.”

–EU Climate Chief Connie Hedegaard in Reuters’ “Temporary fix to ETS a “no brainer”

Lead Stories

Australia, Canada Without Carbon Links May Lack Liquidity
Bloomberg
Carbon trading in Australia and provinces of Canada may lack needed liquidity unless they link with other markets, according to an adviser at the Center for European Policy Studies.
http://jlne.ws/RvaGlj

Opinion: Carbon bubble is a real risk for markets
The Financial Times
In the build-up to next month’s shareholder vote on the proposed £70bn merger of Xstrata and Glencore, investors have focused on executive compensation. As is so often the case, they are neglecting other systemic risks, in particular that of climate change. Yet a third of Xstrata’s revenues come from coal. Atmospheric research centres are telling governments that unless greenhouse gas emissions from coal, oil and gas burning are slashed, we are heading for a 6C rise in global temperatures that would be economically and environmentally catastrophic. As things stand, the markets assume governments will not act on these warnings in any meaningful way. But they might – especially if events such as this week’s devastating storm on the US northeast coast become more frequent. And if they don’t, others might act even without regulation.
http://jlne.ws/SuUmTU

Temporary fix to ETS a “no brainer”: EU climate boss
Reuters
A temporary fix to the EU’s Emissions Trading Scheme (ETS) is “a no brainer”, EU climate chief Connie Hedegaard said on Tuesday, and reiterated her plea for political agreement on the issue before the year-end.
http://jlne.ws/W5FBum

UN Carbon Plan Created $250 Billion in Investment, Official Says
Bloomberg
The United Nations carbon program has generated about $250 billion in investment and is “not a failure,” an official at the organization’s Framework Convention on Climate Change said today in Bangkok.
http://jlne.ws/V8pk6t

The WTO vs. Ontario: Addressing the Bigger Picture of Trade and Renewable Energy        
Renewable Energy World
In a move that will likely set a worldwide precedent barring governments from imposing local content requirements to their feed-in tariff programs, a forthcoming World Trade Organization report indicates that it will side with the European Union and Japan against the Canadian province of Ontario. Although the official report is not expected to be released until November, a leaked preliminary dispute settlement floated by the International Centre for Trade and Sustainable Development (ICTSD) signals the WTO’s acceptance of two separately filed claims of protectionism against Ontario.
http://jlne.ws/Sc1fGn

Renewable energy will overtake nuclear power by 2018, research says
Guardian
Renewable energy capacity will overtake nuclear power in the UK by 2018, if current rates of growth continue, and will provide enough power for one in 10 British homes by 2015, according to new research.
http://jlne.ws/RsiPIS

Romney Seen Scuttling EPA Proposals, Letting Rules Stand
Bloomberg
On the campaign trail, Republican presidential candidate Mitt Romney has pledged to halt environmental regulations such as auto-mileage standards, mercury pollution limits for power plants and mandated cuts in greenhouse-gas emissions.
http://jlne.ws/SiWZFW

Climate and cost concerns mount in wake of “superstorm”
Reuters Point Carbon
Monday’s mammoth storm that caused severe flooding, damage and fatalities to the eastern U.S. will raise pressure on Congress and the next president to address the impacts of climate change as the price tag for extreme weather disasters escalates.
http://jlne.ws/X0gM20

Poll: Voters rank candidates’ energy policies over environmental issues
The Hill’s E2 Wire
A new poll released Monday shows Americans rank the presidential candidates’ views on energy policy as more important to their 2012 vote than environmental policy.
http://jlne.ws/T5a8T8

Bill Clinton, citing Sandy, hits Romney on climate change
The Hill’s E2 Wire
Former President Clinton said the massive storm accompanying Hurricane Sandy that hit the Northeast this week shows that Mitt Romney was wrong to mock President Obama’s 2008 pledge to help slow the rise of the oceans.
http://jlne.ws/XYvLsg

Nuclear-Power Industry Survives Sandy’s Readiness Test
Bloomberg
Hurricane Sandy’s wrath shows that U.S. regulators should swiftly implement nuclear-safety rules developed after Japan’s Fukushima disaster, a top lawmaker said, as industry officials said the lack of major problems during the storm showed that they were ready.
http://jlne.ws/UgrTxM

EU budget draft cuts energy share to 7 bln euros
Reuters
The EU’s first energy budget has been cut to a maximum of 7 billion euros ($9 billion) as part of a compromise proposal on the bloc’s long-term financing, which governments will haggle over in the coming weeks.
http://jlne.ws/TWlsW6

Energy minister pledges tariffs legislation
Financial Times
Downing Street will press ahead with plans to legislate to force energy companies to put customers on their lowest tariffs, an energy minister has insisted amid confusion about how the plans will work in practice.
http://jlne.ws/SdPEXn

Events

IETA Carbon Forum Asia
October 30-October 31, 2012
Bangkok, Thailand
http://jlne.ws/RElLzR

Carbon

Renewables and gas firms unite to build low carbon future
Business Green
A group of energy giants will today launch a new alliance aiming to change the public perception that gas and renewable energy developers are inherently operating in opposition as Europe seeks to advance its low carbon economy.
http://jlne.ws/XYsg5d

Updated: Four carbon capture projects in line for 1bn sterling government pot
Business Green
Four carbon capture and storage (CCS) projects have been shortlisted for the final phase of a 1bn sterling government competition designed to “kick-start” the industry in the UK. But the government has controversially failed to select the CCS project named as the most advanced in Europe by the EU.
http://jlne.ws/UgwfF4

Nuclear sale overshadows crucial carbon capture development
Guardian
There are two four-letter words that sum up today’s announcement that Hitachi is buying the Horizon nuclear power business abandoned by German-owned RWE and E.on after the Fukushima disaster led Angela Merkel to turn her back on building new reactors. The first is “phew”, the overwhelming sentiment from ministers and from Horizon’s former owners.
http://jlne.ws/PGDz0X

Natural Gas/Coal

Southern, KBR form alliance to advance coal-plant technology
Reuters
A partnership between a subsidiary of Southern Co and KBR Inc will market a coal-gasification technology to power companies worldwide, the companies said in a release on Monday.
http://jlne.ws/TTxVnx

Water professionals urge caution over shale gas
Business Green
Proposed shale gas projects in the UK should face mandatory environmental risk assessments, according to a water industry body that has become the latest organisation to warn the government it must tread carefully in developing the controversial energy source.
http://jlne.ws/TTyHkh
**Repeats in Water section

Power

Pelamis in Talks on Tie-Up as Founder Sees Boost in Wave Energy
Bloomberg
Pelamis Wave Power Ltd., supplier of the world’s first multiple-machine wave farm, is in talks on a partnership to expand as it prepares for an influx of orders.
http://jlne.ws/SuRZAK

EON Gets $223.6 Million in Financing for Texas Wind Project
Bloomberg
EON AG, Germany’s largest utility, received $223.6 million in financing for a wind farm it built in southern Texas.
http://jlne.ws/SdMRNT

Cemex to Asist Mexico Clean-Energy Fund, Invest in Power Plants
Bloomberg
Cemex SAB, the largest cement maker in the Americas, will provide technical assistance to a fund that’s seeking to raise $300 million to build clean-energy projects in Mexico.
http://jlne.ws/X0fZxY

The Asia Report: Brightsource and Alstom Target Australia and India with New Funding
Renewable Energy World
U.S. solar thermal developer BrightSource Energy and Europe’s second largest power-equipment maker Alstom said they plan to expand their geographical partnership to India and Australia, where solar conditions best suit BrightSource’s tower technology and where Alstom has a strong track record in engineering and construction of power plants.                  
http://jlne.ws/SdNIOS

Confusion as Energy Minister declares “enough is enough” on wind farms
Business Green
The government has moved quickly to insist there has been no change in wind energy policy, after Energy Minister John Hayes declared that “enough is enough” when it comes to new wind farm developments.
http://jlne.ws/SuVvLq

COLUMN-UK’s uncertain funds for low-carbon energy: Wynn
Reuters
Britain is edging closer to its vision of low-carbon energy based on large-scale nuclear power and fossil fuels with carbon capture, which contrasts with small-scale renewable energy which many of its European neighbours favour.
http://jlne.ws/X0gCaU

Suspension and ‘seahorse’ designs to cut offshore wind running costs
Business Green
A series of projects designed to boost the financial returns from the next generation of offshore wind farms buy up to 3bn sterling have received a major boost, after the Carbon Trust today announced new funding would be awarded to six companies working on technologies that promise to reduce offshore turbine downtime.
http://jlne.ws/PGDbzK

Wind farms see massive upswing in planning approvals
Business Green
Onshore wind farms may be entering a new era of development, as government approval rates surged last year for the first time since 2008.
http://jlne.ws/SdS1cS

CleanTech

Clean Energy Patents Hit High in Q2, Clean Energy Patent Growth Index
Renewable Energy World
Second quarter results for the Clean Energy Patent Growth Index (CEPGI) by the Cleantech Group at Heslin Rothenberg Farley & Mesiti P.C. have been released. The US led all other countries, Toyota had the most Clean Energy patents, while fuel cell, solar and wind patents all increased.                             
http://jlne.ws/TWkHMR

Water

13% of U.S.’s Energy Goes to Collect, Prepare Water: Study
Bloomberg
Energy used for treating, heating, pumping and cooling water in the U.S. accounted for almost 13 percent of the nation’s total annual consumption, according to a University of Texas at Austin study.
http://jlne.ws/TTwDca

Water professionals urge caution over shale gas
Business Green
Proposed shale gas projects in the UK should face mandatory environmental risk assessments, according to a water industry body that has become the latest organisation to warn the government it must tread carefully in developing the controversial energy source.
http://jlne.ws/TTyHkh
**RKB – Repeats in Natural Gas section

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

View all reports >

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