In today’s edition: Exchange news comes by way of the CME, launching new gas and power markets, while ICE announces its “First LNG Cleared Swap on the Japan Korea Marker.” In other trading news, “Netherlands Unlikely to Back EU CO2-Permit Sales Delay Plan,” says Bloomberg, while Reuters offers a RGGI update, reporting “Fewer than expected bid for cap-and-trade emission permits.”

Quote of the Day:

“There is a place for government investment when time horizons are too long, risks too high, and rewards too uncertain to attract private capital. However, much of our existing energy R&D budget has been devoted to loan guarantees, cash grants, and tax incentives for projects that might have gone forward anyway.”

–U.S. GOP Presidential Candidate Mitt Romney, in a policy paper cited in MIT’s “Energy Innovation Under Romney and Obama”

Lead Stories

Global Carbon Trading Takes a Big Step Forward
Triple Pundit on Environmental News Network
It has often been pointed out that our modern world could quickly become cleaner, safer, and more sustainable if only externalities, such as air pollution or carbon emissions, were internalized, so that they could be captured and factored into the economic equation. Then, as the argument goes, free market forces would provide the needed behavioral reforms and technological innovations.

Countries must move urgently to save “under threat” CDM offset scheme
Business Green
The UN has admitted the low price of carbon credits is putting its scheme to help developing countries fund carbon reduction projects “under threat”, and has called on countries to substantially increase their emissions reduction ambitions to boost the flagging system.

CME Group Launches New Natural Gas and Power Markets
Press Release
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of a broad suite of new natural gas and power markets.

ICE Clear Europe Announces First LNG Cleared Swap on the Japan Korea Marker
Press Release
IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter markets, today announced that ICE Clear Europe cleared its first Liquefied Natural Gas (LNG) Cleared Swap on the Platts*Japan Korea Marker (JKM).  

Kyoto Protocol May End With the Year
Inter Press Service
As government negotiators from the world’s poorest countries ended a round of United Nations climate change talks in the Thai capital, they sounded a grave note about what appears imminent when they assemble in November in Doha – the reading of the last rites of the Kyoto Protocol.

Japan energy deadlock deepens; government fails to announce policy mix
Deadlock in Japan between anti-nuclear activists and advocates of atomic power deepened on Monday as the government failed to produce an expected proposal to reduce the role of nuclear power in the country’s energy porfolio after the Fukushima disaster.

The ‘Silent Green Revolution’ Underway at the Department of Energy
The Atlantic
Last week, the New York Times reported on an exciting new energy project that is scheduled to begin testing off the coast of Oregon in early October. A company called Ocean Power Technologies is going to lower a 260-ton generator into the Pacific ocean, just 2.5 miles from the shore, in order to capture renewable energy from waves. The buoy generator will link up to the grid and, if it works, could generate enough electricity to power 1,000 homes.

Don’t Look to U.S. Politics to See Climate Change Momentum
Bloomberg’s The Grid
Stalled U.S. policy and United Nations talks in recent years have made institutional investors, large companies, and civil-society groups some of the bright lights of international climate change leadership.
**RKB – Bloomberg News adding “The Grid” blog on energy, natural resources, and the bottom line. It’s including web events and other forums, including: Carbon Disclosure Project’s online Global Climate Change Forum. The event will be moderated by Bloomberg Businessweek’s Diane Brady and live-streamed to between 9 am and 10:30 am Eastern Time (2-3:30 pm in London) on Wednesday, Sept. 12.

Energy Innovation Under Romney and Obama
MIT Technology Review
The energy positions of the presidential candidates and their respective parties have come into focus more sharply over the last two weeks. The Republicans and Democrats have both published their platforms, and the Republican nominee, Mitt Romney has published his energy plan.

Obama vs. Romney 101: 4 ways they differ on climate change
The Christian Science Monitor
As recently as 2008, presidential candidates openly sparred over their own plans for dealing with climate change. This year it’s such a touchy topic that both sides prefer instead to talk about energy policy – a kind of proxy for climate threat.Here are four ways the candidates differ on climate change: Is climate change a problem caused by humans? Should the US adopt market-based approaches to curbing greenhouse gases? Has the Environmental Protection Agency gone too far? Is the Obama administration waging a “war on coal”?

Investors split on climate change costs, action: poll
The Age
Almost 50 per cent of global investors in a survey said government efforts to combat climate change will have little effect on corporate profits, while most say global warming is a danger to the planet.

Major Companies Quietly Reducing Emissions and Saving Money
A federal carbon cap-and-trade program is dead for the foreseeable future. So is a once-promising national clean energy standard.

EU to limit use of crop-based biofuels -draft law
The European Union will impose a limit on the use of crop-based biofuels over fears they are less climate-friendly than initially thought and compete with food production, draft EU legislation seen by Reuters showed.

Farmers Need Agriculture Bill Now to Avoid Cuts, Vilsack Says
U.S. farmers need a new agriculture law passed by the end of the month or they may face deeper cuts to programs after the election than are now under consideration, Agriculture Secretary Tom Vilsack said.


GreenGov Symposium
ACCO & White House Council on Environmental Quality
September 24-25, 2012

Carbon Forum North America
October 1-2, 2012
Washington, DC

Sustainability Summit – Innovation Challenge
October 9, 2012
New York

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


Netherlands Unlikely to Back EU CO2-Permit Sales Delay Plan
The Netherlands, the euro area’s fifth-largest economy, is unlikely to support a proposal by the European Union to delay some auctions of carbon permits as of 2013, according to the Infrastructure and Environment Ministry.

Fewer than expected bid for cap-and-trade emission permits
Nine states in the northeastern U.S. cap-and-trade system sold 24.6 million carbon emission allowances at a minimum bid price of $1.93 per ton, selling just 65 percent of permits offered, the program’s administrator said Friday.

Carbon tax leaves big polluters better off
The Age
AUSTRALIA’S highest-emitting brown coal electricity generators are between $400 million and $1 billion better off than they would have been if there were no carbon tax, new modelling shows.

Carbon Sequestration On U. S. Rangelands Offers Promise, but Not Profit
Science Daily
Nearly 239 million hectares of land in the United States are devoted to pastures and rangeland. Worldwide, rangelands cover about 3.6 billion hectares. Harnessing the potential for carbon sequestration from these lands could have a global impact on reducing greenhouse gas emissions.

Adani Power’s Mundra plant to earn Rs 600 crore in carbon credits
India’s Economic Times
Adani Power, a subsidiary of Adani Enterprises and part of the Adani Group, a global integrated infrastructure player, today announced that the phase III of its 4,620 MW power plant in Mundra, Gujarat, consisting of two units of 660 MW each, has received carbon credits under the Clean Development Mechanism (CDM) of the United Nations Framework Convention on Climate Change (UNFCCC).

Natural Gas/Coal

Asian Water Scarcity Risked as Coal-Fired Power Embraced
Inner Mongolia’s rivers are feeding China’s coal industry, turning grasslands into desert. In India, thousands of farmers have protested diverting water to coal- fired power plants, some committing suicide.

EU raises fresh concerns over environmental impact of Shale Gas
Business Green
The chances of the European Union taking tough new action to regulate controversial Shale Gas projects received a major boost late last week, with the publication of three new in-depth reports that raised serious concerns about the environmental impact of hydraulic fracturing, or “fracking” as it is more commonly known.


U.S. Solar Installs More Than Doubled in Second Quarter
U.S. solar-panel installations more than doubled in the second quarter from a year earlier led by demand in California, according to the Solar Energy Industries Association.

China pushes wind power, but no quick payoff for producers
China will order its dominant electricity distributors to source up to 15 percent of their power from renewable energy including wind, but slow compliance means it may be years before the country’s struggling wind power developers benefit, industry executives say.

Ming Yang, Guangdong Nuclear to Work on Offshore Wind in China
China Ming Yang Wind Power Group Ltd. (MY) signed an agreement with China Guangdong Nuclear Power Holding Corp. to develop offshore wind as the nation’s third- largest turbine maker seeks to boost installations at home.

Mainstream Gets Macquarie Loan for Wind Farms, Expansion Plans
Mainstream Renewable Power Ltd. signed a 60 million-euro ($77 million) loan agreement with Macquarie Group Ltd. (MQG) as the Irish clean energy company develops offshore wind farms and makes plans to expand overseas.

LAP Weighs Chile IPO to Raise $400 Million for Wind Farms
Latin America Power, an energy startup backed by Brazilian billionaire Andre Esteves, is considering an initial public offering in Santiago as it seeks to raise $400 million for projects in Chile, Peru and Panama.

Serbia utility, RWE eye $2.8 bln joint energy investments -govt
Serbia’s power company and RWE , Germany’s second largest utility, said they would sign a memorandum on Monday on joint energy projects and the Serbian government said these involved investment of 2.2 billion euros ($2.82 billion).


Renewable energy incentives spark debate at state committee hearing
Amarillo Globe News
At a state Senate committee hearing Thursday, Public Utility Commission of Texas Chairwoman Donna Nelson sharply criticized renewable energy incentives, saying that they are a key contributor to the current strains on the electric grid.


Germany’s Clean-Technology Industry to More Than Double by 2025
Germany’s clean-technologies industry is set to more than double in volume by 2025, creating jobs and maintaining its global market share, a study shows.

Wheb, Hermes GPE Buy Majority Share in Wireless Energy in U.K.
Wheb Group, a London-based investment manager, and Hermes GPE LLP bought a majority stake in Wireless Energy Management Systems International Ltd., a U.K. provider of systems that control energy use in buildings.

New California Law Boosts Sustainable Materials Industry
Press Release
California Governor Jerry Brown signed into law on Friday Assembly Bill 2205, which clears the way for a new, revolutionary materials industry in California. AB 2205, authored by Assembly Member V. Manuel Pérez (D-Coachella) and co-authored by Senate Majority Leader Ellen Corbett (D-San Leandro), brings state regulation up to speed with innovative new technology to sustainably produce lithium, manganese, and other materials vital to clean energy and the modern economy from the mineral rich geothermal brines located in California.

The Next Big, Digital Economy Is In ‘Smart Energy’
AlertMe CEO Mary Turner writing on Forbes
The energy market is undergoing a major transformation. It’s moving towards a so-called Smart Grid, which will not only manage supply and demand of energy more effectively, but also integrate new, lower-carbon sources of electricity. This sort of transformation comes with massive infrastructure investment, often influenced by government policy. That can be a good thing.


Climate Scientists Face Organized Harassment in U.S.
The harassment faced by U.S.-based climate scientists has been well documented in the media—but not the harassment of scientists in Europe, Canada or the rest of the world.


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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