In today’s edition, though gas was flowing between Russia and Europe these last days, a surprise came from Gazprom: it replaced the head of its exporting arm, to embody its new strategy towards Asia. Asia will also be the continent that spearheads investments in renewable energy by 2030, according to Bloomberg’s New Energy Finance report. And finally, U.S. voters are three times more likely to vote against a candidate who opposes government action to mitigate climate change, according to a new study conducted by Yale.
Quote of the day
“Gazprom’s ambitious plans for external markets call for new structural and functional decisions.”
Gazprom CEO Alexei Miller in the Reuters’ story Russia’s Gazprom replaces head of export unit
Russia’s Gazprom replaces head of export unit
Katya Golubkova, Reuters
Russian gas producer Gazprom has replaced Alexander Medvedev as head of its exporting arm, Gazprom Export, with one of his deputies, Elena Burmistrova, in a surprise move.
Renewable energy investments to surge globally by 2030
Laura Barron-Lopez, The Hill
The Bloomberg New Energy Finance report released Tuesday predicts that renewable energy sources may garner as much as two-thirds of the $7.7 trillion projected to be funneled into building power plants over the next 15 years.
***LB: Also in this story “Roughly half of overall investment forecasted will be in Asia”
Renewables Projected To Add Triple The Capacity Of New Fossil Fuel Plants By 2030
Joe Romm, Climate Progress
The “world is already adding more renewable-energy capacity each year than fossil fuel capacity,” Bloomberg New Energy Finance (BNEF) explained earlier this year.
China’s Hurdle to Fast Action on Climate Change
Eduardo Porter, New York Times
When the Environmental Protection Agency published in June its new rules to combat carbon emissions from power plants, the American political class lit up in debates over what this meant for the country’s carbon emissions, its coal industry and its economic growth.
India to Strengthen Climate Change Negotiation Team
The New Indian Express
India will strengthen its climate change negotiation team and will do “better homework” before discussing with all stakeholders, Environment Minister Prakash Javadekar said on Monday.
Barclays and MSCI launch Green Bond Index
Barclays and MSCI are to launch a new Green Bond Index, expanding the companies’ environmental, social and governance (ESG) fixed income benchmark family.
***LB: Also in this story “The Green Bond market has expanded rapidly from 2013, when around $10bn worth of bonds were issued, with huge issuances from the European Investment Bank and corporates such as GDF Suez and Toyota delivered in recent months.”
Nine states join lawsuit against EPA climate rule
Laura Barron-Lopez, The Hill
Nine states are joining coal company Murray Energy in suing the administration for its proposal to cut carbon pollution from existing power plants.
Report: Voters more likely to back climate-friendly candidate
Laura Barron-Lopez, The Hill
Registered voters are three times more likely to vote against a candidate who opposes government action to mitigate climate change, according to a new study.
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
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
Shenzhen trades 1.57m carbon permits in first year
The number of carbon permits traded on the mainland’s pilot emissions market in Shenzhen reached 1.57 million in its first year of operations, or about 5 per cent of the total offered for last year, official data showed yesterday.
***LB: Also in this story “For all the seven pilot carbon markets, liquidity has been a problem, with the firms covered by the schemes given little incentive to trade large volumes in the first year.”
Cleaning up the trash? EPA looks to reduce emissions at landfills
Tim Devaney, The Hill
The Environmental Protection Agency (EPA) is looking to clean up the trash at landfills, where garbage is disposed of and buried.
***LB: Also in this story “New landfills would be expected to capture two-thirds of their methane emissions by 2023, a 13 percent increase from current standards, under new proposed rules by the EPA.”
B.C. put a price on carbon. What happened next will surprise you
Keleigh Annau, Grist
When I pull up to the pumps in my small hometown on the coast of British Columbia, Canada, I pay more for a tank of gas than in California, my new home.
Greener deliveries help United Biscuits crunch carbon
Using longer lorries is set to save United Biscuits 450,000 truck miles on UK roads each year and reduce its annual carbon emissions by 618 tonnes.
Natural gas / coal
Indonesia signs second LNG import deal with Cheniere Energy
Indonesia’s Pertamina has signed a second agreement to buy liquefied natural gas (LNG) from U.S.-based Cheniere Energy Inc, as the state oil and gas company looks overseas to fill gaps left by struggling domestic gas fields.
Chinese coal consumption to peak in 2024
Megan Darby, RTCC (Responding to Climate Change)
Coal power generation in China will peak in 2024 as the country shifts to renewables, analysts at Bloomberg New Energy Finance predict.
ICE Endex and Gasterra renew contract for gas storage service
Intercontinental Exchange (ICE), the leading global network of exchanges and clearing houses, today announced that ICE Endex has agreed with GasTerra, the international natural gas Dutch trading firm, to continue the facilitation of gas storage auction services in the Netherlands.
Georgia’s coal-to-solar pivot shows the way on climate regs
Mark Drajem and Margaret Newkirk, Bloomberg
Georgia small-business owner Julian Smith keeps hearing that the Obama administration’s latest climate regulations will drive up local electric bills. He doesn’t believe the prediction, but he isn’t arguing: The fears are doing wonders for his solar-panel installation company.
Coal miner NWR agrees revised capital restructuring terms
Lossmaking Czech coal miner New World Resources (NWR) has revised the terms of a proposed capital restructuring and will put its main business up for sale if the plan does not win enough support from share and bond holders.
DOE to back Massachusetts offshore wind project
Timothy Cama, The Hill
The Department of Energy (DOE) has conditionally committed to a $150 million loan guarantee to a Massachusetts project that would be the first commercial-scale offshore wind energy farm.
Green light for £1.5bn Dudgeon offshore wind farm
Will Nichols, BusinessGreen
Work on a giant 402MW wind farm off the Norfolk coast will start next year after its Norwegian developers decided to go ahead with the £1.5bn project.
RWE slots in final turbines at Gwynt y Mor offshore wind farm
Jessica Shankleman, BusinessGreen
The UK’s second largest wind farm is nearing completion, with all 160 wind turbines now installed at the Gwynt y Mor site off the north Wales coast.
Bilfinger warns shift to renewables will hit profits
Chris Bryant and Jeevan Vasagar, Financial Times
Bilfinger, the German industrial services group, says it will cut jobs and capacity because its profits will be hit by falling investment from Europe’s power generation sector.
Energy prices crash as Queensland solar takes hold
Giles Parkinson, REneweconomy
As Prime Minister Tony Abbott again attacked renewables for their presumed impact on consumer bills, wholesale energy prices in Queensland have slumped to unprecedented lows as rooftop solar continues to boom in that state.
How tofu could help create the ultimate green solar panel
Jessica Shankleman, BusinessGreen
Scientists have come up with a new recipe for slashing the costs and environmental impact of solar cells, by employing a salt that is more traditionally found in tofu.
Gibraltar considering new carbon-neutral methods
Giles Brown, The Olive Press
Wave energy is being considered as a means to make Gibraltar carbon neutral. The government has also introduced more electric vehicles to its official fleet, including a Tesla for the Chief Minister.
EPA to reach out to farmers on water jurisdiction rule
Timothy Cama, the Hill
Environmental Protection Agency officials are planning to meet with farmers and agricultural interests this summer about their proposal to redefine the extent of the federal government’s water jurisdiction, starting with a visit next week to Missouri.
Water Use Fell 23% Since March as LA Reports Driest 2-Year Total
Randall Hackley, Bloomberg
The California unit of the largest publicly traded water company in the U.S. said customers in the Sacramento area have cut usage by 23 percent since March compared with the same period in 2012 and 2013.
***LB: Also in this story “American Water Works Co.’s California subsidiary, which provides water and wastewater services to about 600,000 people, said in a statement that water use normally triples in the summer”
Besieged by the rising tides of climate change, Kiribati buys land in Fiji
Laurence Caramel, Guardian Weekly
The people of Kiribati, a group of islands in the Pacific ocean particularly exposed to climate change, now own a possible refuge elsewhere.
***LB: Also in this story “President Anote Tong has recently finalised the purchase of 20 sq km on Vanua Levu, one of the Fiji islands, about 2,000km away.”
Could Gang Violence End Mexico’s Shale Dream?
Douglas A. McIntyre, 24/7 Wall Street
Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border.