In this edition, a Sacramento Bee story detailing California move to allows hundreds of companies use ‘offsets’ to meet carbon restrictions. And from the Editorial Pages: Bloomberg Editorial: Bipartisan Pettiness on Climate Change, Bloomberg Editorial: Will the U.S. Squander Its Energy Bounty? and The New York Times Editorial: Big Coal Takes On an Obama Nominee.

Quote of the Day:

“We are not happy with this delay. The commission is poorly implementing the directive.”

–Axel Eggert, a spokesman for Eurofer, the steel industry group representing companies from ArcelorMittal (MT) SA to Tata Steel Ltd. (TATA), in Bloomberg’s “Repeat Carbon Market Delays Hinder Planning, Steelmakers Say.”

Lead Stories

Bloomberg Editorial: Bipartisan Pettiness on Climate Change
Bloomberg
House Republicans will hold their first hearing on climate change in more than two years this week. Sadly, its focus is unlikely to be sensible strategies that are sorely needed to reduce the U.S.’s greenhouse-gas emissions, such as setting a price on carbon, but rather how existing efforts to protect the climate are too expensive.
http://jlne.ws/1gzv8Md

Repeat Carbon Market Delays Hinder Planning, Steelmakers Say
Bloomberg
A series of delays in the European Union carbon market, the world’s largest by traded volume, is hampering business planning, according to a lobby group in Brussels representing steelmakers.
http://jlne.ws/16Fk0Ml

Obama Energy Officials Defend Climate Plan to Republicans
Bloomberg
Obama administration officials defended efforts to curb greenhouse gases that contribute to climate change as they faced questions from Republican Lawmakers about the costs of those policies.
http://jlne.ws/1aLIJiS

Editorial: Big Coal Takes On an Obama Nominee
The New York Times
The coal industry and its allies are angry about President Obama’s energy policies, and they have decided to take it out on his nominee to lead the Federal Energy Regulatory Commission, which regulates the interstate transmission of electricity, natural gas and oil.
http://jlne.ws/189Wibj

Editorial: Will the U.S. Squander Its Energy Bounty?
Bloomberg
Almost every aspect of the U.S. energy landscape is changing drastically — except government policy. Consider: The global price of oil has soared to more than $100 today from $30 a barrel in 2004. As a result, the U.S.’s annual bill for oil imports has risen to $365 billion, even though domestic oil production has jumped in the past two years to 7.5 million barrels a day from 5.5 million barrels.
http://jlne.ws/1brRly2

Hunt to rule over climate agenda
AAP
Climate change policies and programs will move from the industry department to the environment department, under new Environment Minister Greg Hunt.
http://jlne.ws/156ZCjD

Abbott targets carbon, mining taxes
AAP
The big day has arrived for Tony Abbott and the new prime minister will not stand still, with plans to launch into key legislation to scrap the carbon tax and crack down on asylum seeker arrivals.
http://jlne.ws/14k47Kn

Germany: More of the same
Financial Times
Angela Merkel is not a risk-taker. The German chancellor’s favourite phrase is “step-by-step”. It is how she approaches problems such as the eurozone crisis, and how she tries to solve them.
http://jlne.ws/1aUeppI
**RKB — Broad election summary, but regarding energy, the piece says: The other elephant in the election room is energy transformation – because once again all the parties agree on the basic aim of shutting down the nation’s nuclear power stations. They also know that the present system of subsidies for renewable energy will have to be made less generous, as they fear that energy prices will go through the roof. They have postponed the debate until the autumn.

Events

EMA’s 17th Annual Meeting
September 25-27
Las Vegas, Nevada
http://jlne.ws/192w3CR

Climate Strategies Forum
Association of Climate Change Officers
October 14-17
Washington, D.C.
http://jlne.ws/14cGFtN

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco, California
http://jlne.ws/1bAKXT4

FT Global Shale Energy Summit
October 21
London
http://jlne.ws/1cemi7d

Solar Power International
October 21-24
Chicago
http://jlne.ws/184e0wa

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

Carbon

State clears way for use of ‘offsets’ in carbon restrictions
The Sacramento Bee
Starting in a couple of weeks, the hundreds of companies subject to California’s strict curbs on greenhouse-gas emissions will have a new way to meet the regulations. They’ll be able to buy “offset” credits generated by dairy farms and others who have managed to reduce their own carbon emissions.
http://jlne.ws/1f8sM9g

Offset Market Alive and Well in California
Environmental Defense Fund blog
Congratulations to the California Air Resources Board (CARB) as they announced plans to issue the first CARB Offset Credits or ARBOCs. These 600,000 metric tons of offsets helps the state move closer towards our emissions reductions goals. Compliance entities, such as utility and oil and gas companies, can use these offsets to meet up to 8% of their compliance obligation.
http://jlne.ws/18a1oEE

Planes need a California emissions standard
San Francisco Chronicle
For decades now, “California emissions” has been industry shorthand for low-polluting cars and trucks. Beginning next week, the world will meet to discuss the serious risks of global-warming pollution from airplanes. They should follow California’s lead, too.
http://jlne.ws/1dq5Noj

Mississippi Coal Plant Overruns Show Risks of Carbon Rule
Bloomberg
Coal’s future is being built in rural Mississippi, and so far this is what it looks like: a $1 billion cost overrun, a stew of legal battles, a revolt by ratepayers and a credit downgrade for the local utility.
http://jlne.ws/17KjpIG
**RKB — repeats in Coal section.

Natural Gas/Coal/Alternative Fuels

Wyoming Coal Sale at 15-Year Low Shows Industry Uncertainty
Bloomberg
A coal sale by the federal government in Wyoming attracted the lowest bid in 15 years for the resource, as the outlook for coal weakens due to cheap natural gas and new federal regulations due this week.
http://jlne.ws/154hn8u

Mississippi Coal Plant Overruns Show Risks of Carbon Rule
Bloomberg
Coal’s future is being built in rural Mississippi, and so far this is what it looks like: a $1 billion cost overrun, a stew of legal battles, a revolt by ratepayers and a credit downgrade for the local utility.
http://jlne.ws/17KjpIG
**RKB — repeats in Carbon

SEC Charges Indiana-Based Company and Executives for Defrauding Investors in Renewable Fuel Production Scheme
Press Release
The Securities and Exchange Commission today charged a company in Evansville, Ind., and several executives and suppliers for posing to investors as a legitimate biodiesel production business while concealing the extensive illegal activity that accounted for 99 percent of its revenues.
http://jlne.ws/18zSegX

PetroChina may emerge stronger from probe into corruption
FT.com
Nothing about PetroChina is small. It is China’s biggest company by market value, one of the world’s largest producers of crude oil and, now, the focal point of the biggest Chinese corruption investigation in years.
http://jlne.ws/1brUzBn

Power

U.K. to Raise Scottish Island Wind Subsidy to Spur Remote Plants
Bloomberg
The U.K. plans to pay wind farms on the Scottish Islands a higher subsidy to encourage development of plants in remote regions that benefit from strong breezes.
http://jlne.ws/1brR1za

German Power Premium Most Since ’98 Tests Voters: Energy Markets
Bloomberg
Germany’s drive to increase renewable energy sources has created the biggest discrepancy between consumer and producer power prices in 15 years, turning the cost of electricity into a political battleground before the Sept. 22 national election.
http://jlne.ws/19geIVc

U.K. Snubs $40 Billion Severn Barrage Tidal-Power Project
Bloomberg
The U.K. rejected proposals for a 25 billion-pound ($40 billion) tidal-energy barrage designed to generate as much as 5 percent of the nation’s power needs.
http://jlne.ws/16nutZy

UK wind power industry enjoys 70 per cent surge in full-time jobs
Financial Times
The number of people with a full-time job in the UK wind industry has soared 70 per cent in three years according to a study that is likely to strengthen the political influence of one of the most contentious types of green energy.
http://jlne.ws/156XLLG

Water

Hyflux, PUB Open Singapore’s Largest Desalination Plant
Bloomberg
Hyflux Ltd. (HYF) and Singapore’s national water agency PUB today opened the city-state’s largest seawater reverse-osmosis desalination plant.
http://jlne.ws/1brHMiz

Reports

Global 500 Climate Change Report 2013 (Posted September 12, 2013)
CDP
http://jlne.ws/16mBo8p

The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
http://jlne.ws/14Bk1k2

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
http://jlne.ws/19LKChs

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://jlne.ws/12z1YK5

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank
http://jlne.ws/14KrLza

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
IEA
http://jlne.ws/12Bpk41

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace
http://jlne.ws/12Cyi0X

View all reports >

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