Today’s issue is focused on cap-and-trade in the US, with SO2 and NOx trading history, as well as pieces on the California market, and of course EU ETS, and its impact on the shipping industry.

Quote of the Day:

“Easing the transition is one thing; leaving the entire industrial sector outside the arena where every other member of society, from forestry to municipal sewage treatment plants is taking aggressive measures to reduce their emissions is just plain unacceptable.”

–Mary Nichols, California Air Resources Board chair, in Reuters’ “California regulator defends CO2 market design”

Lead Stories

Spoiled opportunity: Harvard expert bemoans squandering of model for cap and trade
Phys.org
While many believe the sulfur dioxide regulatory system, which was adopted as part of the Clean Air Act of 1990, is a proven success and a model of how a cap-and-trade regulatory scheme should work, Harvard environmental economist Robert Stavins contends that national politics have “tainted” cap and trade.
http://jlne.ws/OKlQFe
**JK – Stavins isn’t the only one bemoaning the destruction of the NOx and SOx program.

California regulator defends CO2 market design
Reuters Point Carbon
California’s top air regulator offered a stern defense of the state’s forthcoming carbon cap-and-trade system, battling back against complaints from industry that it will cost jobs and drive up consumer prices at a hearing on Thursday.
http://jlne.ws/PvRm6W
**JK – A familiar and rather tired refrain from industry.

Business Groups Protest California’s Impending Cap-and-Trade Market
Environmental Leader
Industry groups as well as executives and workers from refineries and factories demanded the California Air Resources Board make changes to the state’s impending cap-and-trade carbon market, arguing the landmark emissions reduction scheme amounted to a $1 billion-a-year-tax increase that would stifle economic growth and drive companies out of the state.
http://jlne.ws/SKbZum

Europe’s carbon tax set to deal big blow to shipping
David Black – The National
The global shipping industry is facing controversial emissions charges similar to those dogging global airlines as the European Commission draws up harsh new environmental regulations.
http://jlne.ws/NLstpd

What business says about ETS changes
New Zealand Business Day
Submissions on the Parliamentary website show the Government has won support from big business for its proposed watering down of the carbon Emissions Trading Scheme, but not all economic interests are pleased.
http://jlne.ws/SgGCwH

Businesses call for energy efficiency to be at heart of EU industry plan
Business Green
The EU Commissioner for industry has told businesses that environmental policies will be central to driving the “third industrial revolution”, ahead of a the launch of a growth strategy next month.
http://jlne.ws/P7rJYJ

JPMorgan may have broken U.S. power market rules: watchdog
Reuters
U.S. power market regulators challenged a unit of JPMorgan Chase & Co on Thursday to show that it did not violate federal regulations by submitting misleading information and omitting facts in dealings with the regulator and California’s electricity grid operator.
http://jlne.ws/NGpzSS

Power Plants Aim to Curb Their Thirst
The Wall Street Journal
The drought that parched more than 30 states this summer is forcing the power industry to rethink its heavy use of water and adopt technology to use less of it.
http://jlne.ws/PvTPhx

Coal Era Beckons for Europe as Carbon Giveaway Finishes
Bloomberg
European utilities are poised to add more coal-fired power capacity than natural gas in the next four years, boosting emissions just as the era of free carbon permits ends.
http://jlne.ws/Tfzz95

European Solar Lobby Says China Talks Should Wait for EU Finding
Bloomberg
Europe should complete a probe into alleged Chinese solar-panel dumping before the two sides begin talks, the lobby group that made the claims said after German Chancellor Angela Merkel offered backing for negotiations.
http://jlne.ws/NHP0Dj

Events

GreenGov Symposium
ACCO & White House Council on Environmental Quality
September 24-25, 2012
http://jlne.ws/OfOB9D

Carbon Forum North America
October 1-2, 2012
Washington, DC
http://jlne.ws/zDe43B

Sustainability Summit – Innovation Challenge
October 9, 2012
New York
http://jlne.ws/wKbX7U

EMA  2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
http://jlne.ws/NIFCwM

Carbon

Senate shields US airlines from EU’s carbon scheme
Reuters    
The European Commission has been enforcing its law since January to make all airlines take part in its Emissions Trading Scheme to combat global warming, prompting threats of a trade fight.
The Senate approved the Bill shortly after midnight, as it scrambled to complete business to recess ahead of the November 6 congressional and presidential elections.
http://jlne.ws/PZ25Fh

Reducing Greenhouse Gas Emissions by 2050: California’s Energy Future
California Council on Science and Technology release
CCST has released the next report in the California’s Energy Future (CEF) series, which focuses on exploring possibilities for California’s energy strategy through the year 2050. Portraits of Energy Systems for Meeting Greenhouse Gas Reduction Targets examines a variety of scenarios for reducing greenhouse gas (GHG) emissions.
http://jlne.ws/SaHihy

THE REPORT:
California’s Energy Future: Portraits of Energy Systems for Meeting Greenhouse Gas Reduction Targets
http://jlne.ws/TfMyaO

Natural Gas/Coal

House approves ‘Stop the War on Coal’ bill in last act before November election
The Hill’s E2 Wire
The House approved a bill Friday morning that would significantly deregulate the coal industry, in a vote that was the last legislative act of the House before the November election.
http://jlne.ws/QqN2HA

Dem slams Obama on EPA rules, coal
The Hill’s E2 Wire
Rep. Nick Rahall (D-W.Va.) said the Obama administration’s policies present the toughest uphill battle for the coal industry in his 36-year congressional career.
http://jlne.ws/ScS6zS

Britain’s bosses back shale gas to cut imports
Reuters
Britain must begin shale gas exploration to ease its growing dependency on imports, the Institute of Directors (IoD) said on Friday.
http://jlne.ws/TfAfLE

No role for UK shale gas, say green groups
Business Green
Green groups have slammed a report claiming shale gas could provide 10 per cent of the UK’s gas supply for over a century.
http://jlne.ws/PvQX4q

Quebec minister signals stricter ban on fracking
Reuters
Quebec’s natural resources minister has signaled that the newly elected separatist government wants to
put more restrictions on developing the province’s shale gas resources, saying she does not believe hydraulic fracturing is safe.
http://jlne.ws/PvQSO8

Canada: Risks in Foreign Investment
The Wall Street Journal
Canada’s spy agency issued a stark warning about national security risks tied to some foreign investment by state-owned enterprises, potentially opening up a new front in a debate here over Chinese oil company Cnooc Ltd.’s$15.1 billion deal to buy Canada’s Nexen Inc.
http://jlne.ws/OKmhzk

Power

Endesa Seeks Investor Support on $8 Billion Fundraising Revamp
Bloomberg
Spain’s Endesa SA (ELE) sought investor support for an $8 billion plan that would sell stock in Enersis SA (ENERSIS), its affiliate in Latin America, and transfer stakes it owns in 12 companies to the unit.
http://jlne.ws/PIFxdd

Suzlon’s Repower to Supply Turbines to Polish Wind Farm for WSB
Bloomberg
Repower Systems SE, the German unit of India’s biggest wind-turbine maker Suzlon Energy Ltd. (SUEL), will supply 45 megawatts of turbines to a Polish project developed by WSB Neue Energien GmbH.
http://jlne.ws/VmJ9UI

UK to power up electricity storage systems with 20m sterling fund
Business Green
The government is to launch a 20m sterling innovation competition to help overcome one of the major barriers to the development of intermittent renewable energy and build infrastructure that will support a future smart grid.
http://jlne.ws/PRH4w8

Public Power Wins Court Appeal to Overturn Lignite Order
Bloomberg
Public Power Corp SA (PPC) won a European Union court ruling that allows it to maintain preferential access to cheap fuel for power generation, potentially helping the Greek government in talks with creditors on an economic overhaul needed to qualify for more emergency loans.
http://jlne.ws/QqOslu

Duke Chief Answers Critics After Coup at Biggest Utility
Bloomberg
Jim Rogers is sitting in his sleek, modern office on the 48th floor of the Duke Energy Center inCharlotte, North Carolina, explaining how, after a merger capped off by an 11th-hour management coup, he remains chief executive officer of the largest electric utility in the U.S. He wonders aloud whether to enliven the account with a metaphor about soured romance.
http://jlne.ws/SKkFRG

 

CleanTech

Space Energy: Is Space Solar Power Feasible?
Discovery
It’s always sunny in low-Earth orbit, so what better place to look for a source of solar energy? With the end of “cheap oil” rumored to be rapidly approaching (if not already upon us), not to mention the effects of fossil fuel use upon the environment and climate, sources of alternate, clean and renewable energy appear to be the unavoidable wave of the future.
http://jlne.ws/NHVJNQ

Reports

The Hidden Costs of Electricity: Comparing the Hidden Costs of Power Generation Fuels (Posted Sept. 19, 2012)
http://jlne.ws/PCt372

CDP Global 500 Climate Change Report (Posted Sept. 11, 2012)
Carbon Disclosure Project

Beyond the bluster: Why wind power is an effective technology (Posted Aug. 30, 2012)
IPPR
http://jlne.ws/UeZB9b

Carbon Tax Revenue and the Budget Deficit: A Win-Win Solution? (Posted Aug. 27, 2012)
MIT
http://jlne.ws/Ri3So8

The 21st Century Corporation: The Ceres Roadmap for Sustainability (Posted Aug. 21, 2012)
Ceres
http://jlne.ws/ONwe8M

EPA REGULATIONS AND ELECTRICITY (Posted Aug. 16, 2012)
GAO
http://jlne.ws/NHwlos

European Power & Renewables Deals: Quarterly M&A outlook (Posted August 15, 2012)
Pricewaterhousecoopers
http://jlne.ws/TFZjaV

Advancing Technology for America’s Transportation Future (Posted August 6, 2012)
http://jlne.ws/MA2U6I

Benchmarking Air Emissions Of the 100 Largest Electric Power Producers in the United States (Posted July 31, 2012)
http://jlne.ws/QbRr0J

Per capita CO2 emissions in China reached European level (July 18, 2012)
http://jlne.ws/NAjBQQ

The Interim Regulation of Voluntary Greenhouse Gases Emission Trading in China (Posted July 10, 2012)
The Climate Group
http://jlne.ws/Mhv62s

Measure for Management: C40 Cities (July 9, 2012)
Carbon Disclosure Project
http://jlne.ws/L9LC37

View all reports >

 

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