In this edition, Canada and Japan and Norway feature with their respective carbon market moves. Plus, Aviation Envoys Restrict EU Market Terms in Carbon Pledge. And, India’s Ultra-Mega Solar Plant to Sell Record-Low Power.

Quote of the Day:

“I believe that California will hold on to its standards, as it did in similar issues in the past. And as for Quebec, we tend to be some leaders in the environmental issues, and we intend to stick to what we have decided. The only thing I believe that could lead us to open parts of the agreement would be some major new players saying, ‘We want to be part of it, but we would like to discuss a few items in the agreement, in the treaty.’ So, we would probably be more open under those circumstances, but this would be because the cap-and-trade system would welcome new jurisdictions, new provinces or states.”

–Yves-François Blanchet, Quebec’s minister for sustainable development and the environment, in EE News’ “Quebec’s Environment Minister Blanchet discusses impact of EPA regulations on carbon markets”

Lead Stories

Japan, APEC May Agree on Carbon Offset Deal, Yomiuri Reports
Japan may expand clean-energy technology transfer partnerships with Asia-Pacific Economic Cooperation members to reduce its own greenhouse gas emissions, the Yomiuri newspaper reported today.

Quebec’s Environment Minister Blanchet discusses impact of EPA regulations on carbon markets
EE News
As U.S. EPA moves forward with regulations for new and existing power plants, how could these rules affect existing carbon markets?

Barclays’s Neelakandan Said to Resign as Head of Carbon Trading
Nima Neelakandan, Barclays Plc (BARC)’s head of emissions trading, resigned from the London-based bank, two people with direct knowledge of the matter said.

EU agrees to bend on aviation emissions, still faces resistance
European countries expressed support for an “imperfect” compromise to curb global aviation emissions on Wednesday but still face pressure to drop a key demand – to be able to apply the EU’s carbon trading scheme to foreign air carriers.

Aviation Envoys Restrict EU Market Terms in Carbon Pledge
The International Civil Aviation Organization declined to endorse the European Union’s stance that it may include international airlines in its carbon-trading system.

Keystone Nears Completion, But Canada Still Cut Off
The Wall Street Journal
Oil prices gained sharply on both sides of the Atlantic on news that the southern leg of the Keystone XL pipeline is nearly complete.


Climate Strategies Forum
Association of Climate Change Officers
October 14-17
Washington, D.C.

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco, California

FT Global Shale Energy Summit
October 21

Solar Power International
October 21-24

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA


Norway to buy more carbon credits
Investment Europe
Norway’s ministry of Finance has signed an agreement with the Nordic Environment Finance Corporation, Nefco, to buy up to 30 million carbon credits from stranded UN-approved projects, which are struggling with low CER (carbon emissions reduction) prices.

Mangrove carbon credits to help Kenyan communities
Natural Environment Research Council
A new initiative launched today will raise money for community projects in Kenya by protecting and restoring the country’s dwindling mangrove forests.

Natural Gas/Coal

Rio Tinto to Sell Closed Coal Mine
The Wall Street Journal
Rio Tintois poised to sell its Blair Athol coal mine in eastern Australia to Linc Energy Ltd.,in a move to scale back exposure to a commodity that has suffered a steep fall in prices, a person familiar with the matter said Wednesday.

Energy, Oil Companies Urge Fed Not to Push Banks Out of Commodities Markets
The Wall Street Journal
A group of energy, oil and other companies urged the Federal Reserve to continue allowing banks to own physical commodities, in a letter sent Tuesday.

Clean Energy to sell renewable gas at the pump
Shares of Clean Energy Fuels Corp fell 5.8 percent on Thursday after the company said it would distribute a renewable natural gas made from organic waste at some of its fueling stations, disappointing investors who had bid up the stock this week on the chief executive’s Twitter promise of “big news.”


India’s Ultra-Mega Solar Plant to Sell Record-Low Power
India plans to sell power at a record-low rate from a 4-gigawatt solar photovoltaic farm that will more than double the nation’s sun-powered capacity.

IFC to Complete Financing for Jordan Wind Plant in Weeks
International Finance Corp., the World Bank’s investment arm, expects to complete financing for a $300 million wind-power plant in Jordan in the coming weeks, allowing construction to start before the end of the year.


Global 500 Climate Change Report 2013 (Posted September 12, 2013)

The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace

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