Summary

In today’s edition, more efforts from Russia and Ukraine to solve their gas dispute, to no avail so far. And, also featured, a plan by EU regulators to publish indexes based on power and gas market data, as well as the impact of China’s efforts towards cleaner air on U.S. coal producers.  

Quote of the day

“The game for U.S. coal producers has to be Asia. That’s where all the action is.”

Richard Morse, managing director at SuperCritical Capital LLC, an energy research firm, in the Bloomberg’s story  China’s Clean-Fuel Focus Tests U.S. Coal-Export Lifeline

Lead Stories

Russia’s Gazprom says gas flows to Ukraine, EU stable on Tuesday
Reuters
A spokesman for Russian top natural gas producer Gazprom said on Tuesday gas supplies to the European Union were stable and that he had no information on a possible supply cut.
http://jlne.ws/1l2zGR9

Russia and Ukraine resume efforts to solve gas dispute 
Vladimir Soldatkin and Denis Pinchuk, Reuters
Russia and Ukraine will resume efforts to resolve a gas pricing dispute on Tuesday after a Russian deadline for Kiev to pay some of its debts passed without Moscow cutting off supplies. 
http://jlne.ws/1hLGu6H

Lithuania competition watchdog fines Gazprom $48 mln 
Reuters
Lithuania’s competition authority has fined Russia’s Gazprom a record 123 million Lithuanian litas ($48 million), saying that the company had prevented competition in the Baltic state. 
http://jlne.ws/Sv1IJG

Gas Market Transparency Trails Power as Scrutiny Tightens
Rachel Morison, Bloomberg 
Natural gas companies and grid operators in Europe are behind their power market counterparts in providing flow and supply data under rules designed to prevent insider trading. 
http://jlne.ws/1l46cxE 
***LB: Also in this story “The Agency for the Cooperation of Energy Regulators is discussing whether it can oblige gas importers in Europe to report disruptions of flows into the region”.

EU Regulators Plan to Publish Energy Indexes From Trade Data
Rachel Morison and Isis Almeida, Bloomberg
Regulators plan to publish indexes based on power and gas market data to be collected under stricter European energy market transparency rules.
http://jlne.ws/1lkuiZw  
***LB: Also in this story “ACER will next year begin to collect information about transactions in Europe’s 900 billion-euro ($1.2 trillion) power and gas markets as it boosts scrutiny in the wake of the financial crisis.”

China’s Clean-Fuel Focus Tests U.S. Coal-Export Lifeline
David J. Lynch, Bloomberg 
The mud-colored air that blankets Chinese cities these days is bad for the people who live there. It may prove unhealthy for U.S. coal producers, too. 
http://jlne.ws/1kXa0Xv

China Wants to Feed UN Projects Into Its New CO2 Market
Alessandro Vitelli and Mike Anderson, Bloomberg
United Nations carbon regulators will consider new rules next month to make it easier for China to switch emission-reduction projects from the Clean Development Mechanism to a new domestic offset program. 
http://jlne.ws/1l47t80

3 ways companies can work with Chinese suppliers on climate
Nathan Springer, GreenBiz.com
Climate is a recent supply chain concern for most companies. While cost and quality always have been important, working conditions historically was the primary CSR supply chain focus. 
http://jlne.ws/1u1lRDi

House introduces $34B energy spending bill
Timothy Cama and Laura Barron-Lopez, The Hill
Show me the money: The House Appropriations Committee unveiled a $34 billion energy and water spending bill for fiscal year 2015. 
http://jlne.ws/1xBLcIz 
***LB: Also in this story “The bill funnels money into fossil-fuel energy programs while placing renewable technologies on the chopping block”.

Are national laws the key to global climate action?
Terry Townshend, Rafael Aymbar Jimenez and Marlene Grundstrom, Globe International
With some 400 lawmakers in attendance, this was the largest ever gathering of legislators focused on sustainability issues, and key outcomes included agreement of a landmark Legislators’ Resolution.
http://jlne.ws/TDzAFw

The inevitable demise of the fossil fuel empire
Nafeez Ahmed, theguardian.com (blog)
The latest data from the International Energy Agency (IEA) and other sources proves that the oil and gas majors are in deep trouble.
http://jlne.ws/1oIiWA1

Independence of Japan’s nuclear regulator questioned after shakeup
Mari Saito and Kentaro Hamada, Reuters
Japanese legislators approved a reshuffle at the nuclear safety regulator including appointing a commissioner who has received nearly $100,000 from nuclear-related entities over the past decade to fund his academic research.
http://jlne.ws/1mCgMNK

US Firm Kurion Hired to Treat Fukushima Contaminated Radioactive Water 
Esther Tanquintic-Misa, International Business Times
U.S.-based nuclear waste management company Kurion Inc announced on Monday it had been chosen by Tokyo Electric Power to treat the contaminated radioactive water at the crippled Fukushima Daiichi power plant.
http://jlne.ws/1u1rHEX

Northern California leaders ask for help in drought
Sharon Bernstein, Reuters
With California facing its worst drought in decades, farmers, environmentalists and government officials begged lawmakers Monday to invest in projects to shore up the state’s water supply. 
http://jlne.ws/UqOorE 
***LB: Also in this story “A water bond is already slated to go before voters in November, but at $11 billion it is unpopular, so lawmakers are trying to develop a new one to replace it on the ballot.”

Germany CEOs Lament Lost Innovation Amid Fracking Angst
Sheenagh Matthews, Bloomberg
Germany has rejected genetically modified crops, nuclear power and magnetic levitation trains. Now, the country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of. 
http://jlne.ws/1hLJdNj

Buffett Ready to Double $15 Billion Solar, Wind Bet
Noah Buhayar and Jim Polson, Bloomberg
Warren Buffett briefly lost track of how many billions of dollars his Berkshire Hathaway Inc. (A:US) is spending to build wind and solar power in the U.S. That didn’t stop him from vowing to double the outlay. 
http://jlne.ws/1khLydp 

Events

Environmental Bonds 2014 
Now in its 4th year, Environmental Finance’s Environmental Bonds conference will examine the challenges facing the environmental bond market as it matures and the opportunities available for investors, issuers, bankers, corporates and others.
23 June 2014
London, UK 
http://jlne.ws/1hiBAxm

EMA’s 18th Annual Meeting 
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts. 
October 22 – 24, 2014
Santa Monica, CA
http://jlne.ws/1qaR5eE

FT European Gas Summit 
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
London, UK
http://jlne.ws/1n34Gif

Carbon

Global auto component makers gear up for China’s tougher emission rules 
Samuel Shen and Kazunori Takada, Reuters 
Global companies that specialise in making vehicle emissions cleaner are rushing to take advantage of Beijing’s war on pollution, as Chinese automakers look to comply with tougher regulations in the world’s biggest auto market.
http://jlne.ws/1oH9Rat 
***LB: Also in this story “Firms from Bill Gates-backed start-up EcoMotors Inc to Faurecia SA, a parts supplier controlled by French giant Peugeot SA, are jostling to help automakers meet new diesel emission rules taking effect in January, despite concerns the standards may not be strictly enforced.”

Planned coal-power closings won’t cut CO2 much
Wendy Koch and John Kelly, USA TODAY 
The electric power industry’s plan to retire more than 10% of its coal-fired generators within a decade will do almost nothing to reduce the nation’s emissions of heat-trapping carbon dioxide, a USA TODAY analysis finds.
http://jlne.ws/SJrmuL

Carbon capturing about ready for prime time, experts say
Rex Springston and Peter Bacqué, Richmond Times-Dispatch
Near-mythical technology now exists to burn coal without releasing huge amounts of Earth-warming gases, some experts say.
http://jlne.ws/1mANY8r

Forests, Land Use and The Green Climate Fund: Open for Business?
Stephen Leonard, Forests Climate Change
The Green Climate Fund (GCF) passed a major milestone at the 7th Board meeting in Songdo, South Korea in May. 
http://jlne.ws/1oPFVqV

Natural Gas / Coal 

Report: Centrica seeks to dampen UK fracking hype
BusinessGreen
Campaigners who warn the UK’s shale gas prospects could be being overhyped were provided with fresh ammunition over the weekend, after a senior executive at Centrica admitted the UK “might not” have the “amazing” shale gas resource that some have predicted.
http://jlne.ws/Sua9Fg

Leaking natural gas wells spew methane, report warns
Gordon Hoekstra, Vancouver Sun
Up to 10 per cent of B.C. natural gas wells are leaking and some have become “super-emitters” of methane, which is an environmental and health concern, says a new report. 
http://jlne.ws/1oHaxwI

Australia’s Whitehaven says coal mine on track amid new legal challenge
Reuters
Whitehaven Coal Ltd said on Tuesday the latest legal attempt to delay construction of its Maules Creek mine in eastern Australia over concerns about endangered animal habitats was not derailing its work schedule. 
http://jlne.ws/1pfzGjN

Power

PPL, Riverstone to combine merchant power businesses
Reuters
PPL Corp and Riverstone Holdings LLC said on Monday they would combine their merchant power generation businesses into a new stand-alone, publicly traded independent power producer. 
http://jlne.ws/1pZYFb7

Normal power supply to Delhi to be restored in 15 days: Goyal
The Indian Express
As Delhi reeled under long spells of power outages and scorching summer heat, Power Minister Piyush Goyal on Tuesday said it will take 15 days to restore normal power supply even as temporary measures to boost generation were put in place. 
http://jlne.ws/1hEjrug

Political meddling is at the root of India’s power problems: Kemp
John Kemp, Reuters (Column)
For decades, India’s power engineers had a dream: “One Nation. One Grid. One Frequency.” 
http://jlne.ws/1s2C6o0 
***LB: Also in this story “China, too, is rapidly linking its regional grid operations into a nationwide super-grid.”

Why Buffett, Apple, Google love solar power
Jackie DeAngelis, CNBC
The $100 billion solar power industry is gaining a lot of attention both globally and domestically, attracting high-profile investment from Wall Street giants such as Apple, Google and Warren Buffett’s Berkshire Hathaway.
http://jlne.ws/1n36rfk

Clean Tech 

China’s BYD Sings the Green-Car Blues Overseas
Joanne Chiu and Colum Murphy, Wall Street Journal 
Until this year, Chinese car-and-battery maker BYD Co. hasn’t had much luck selling its electric cars in the domestic market outside its home province of Guangdong, partly due to unfriendly regulations.
http://jlne.ws/1oPBTyZ

Tesla ties down 50 Shades of Grey author as first Model S customer
Will Nichols, BusinessGreen
She may already know what it takes to deliver an electric bestseller, but Tesla will be hoping 50 Shades of Grey author EL James can become part of another sales phenomenon after she was announced as one of the first UK customers for the company’s Model S electric sedan.
http://jlne.ws/Uq2ZUa

Water

Philippines to seek bids for $988-mln water infrastructure deals
Reuters
The Philippine government will start auctioning off two waterworks infrastructure contracts this month worth an estimated 43 billion pesos ($988 million) under its public-private partnership (PPP) programme, a senior official said. 
http://jlne.ws/1khIb6f 

Miscellaneous

Thousands of pounds up for grabs, as government launches latest Green Deal cash incentives
James Murray, BusinessGreen 
The government’s latest attempt to boost demand for its Green Deal energy efficiency scheme kicked off yesterday, with the official launch of the £120m Green Deal Home Improvement Fund (GDHIF).
http://jlne.ws/1qlTI9Q

UN warns of new era of soaring resource costs
James Murray, BusinessGreen
The world is already in the grip of a resource crunch that is driving up costs for businesses and fuelling price volatility for key commodities.
http://jlne.ws/1l0VQTY 
***LB: Also in this story “Globally metal prices have climbed 176 per cent since 2000, rubber prices have increased 350 per cent and energy prices have risen 260 per cent.”
 

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