Today’s issue focus is firmly on the link of carbon markets between the EU ETS and Australia as well as Shell’s announcement to build a carbon capture and storage facility, as well as two stories on China dumping.

Quote of the Day:

“You can wash the mud off a pig, but it’s still going to wallow in manure. Producing tar sands oil still means wrecking an area of forest the size of Florida that’s chock full of boreal songbirds, caribou and clean water.”

– Glenn Hurowitz, a senior fellow at the Center for International Policy in the NY Times’s piece “Oil Sands, Carbon Capture and the Keystone XL Verdict.”

Lead Stories

Linking to Europe’s carbon market carries risks
Reuters – Gerard Wynn
A link between European Union and Australian cap and trade schemes could inject new life into emissions trading as long as regulators take into account risks such as the impact of market intervention in one region on energy prices in the other.

No early Australian link to Californian carbon market
The Age
California officials have plans to travel to Australia in October to discuss potential market links with their counterparts, sources said, but some analysts and California officials said a tie-up between the two cap-and-trade systems would be a long way off.

Shell to proceed with oil sands carbon capture project
Royal Dutch Shell Plc said on Wednesday it has given final approval for its planned C$1.35 billion ($1.36 billion) Quest carbon capture and storage project in order to cut carbon-dioxide emissions at its 255,000 barrel per day Scotford oil sands upgrader near Edmonton, Alberta, by more than a third.

Oil Sands, Carbon Capture and the Keystone XL Verdict
In the view of environmentalists, Canada’s oil sands operations are one of the biggest threats to the planet. The synthetic fuel they produce emits more carbon than almost any conventional fuel oil, and the mining in northern Alberta destroys vast sections of the boreal forest, which harbors many species of birds and other wildlife.

ICE Reports August Futures Volume; Surpasses One Million CDS Trades Cleared to Date
Press release
The exchange set an open interest record of 6,409,827 contracts on August 31.  Open interest records were established for both ICE Coal Rotterdam and ICE Emissions futures and options contracts. Open interest records were also set across a number of options contracts including: ICE Brent, WTI, Gas Oil and Dutch TTF options contracts.

EEX Trading Results in August
Press Release
In August 2012, the total trading volume on the Natural Gas Market of the European Energy Exchange (EEX) amounted to 8,398,308 MWh . The Natural Gas Derivatives Market developed particularly well. The traded volume on this market grew by 28 per cent in comparison to August 2011.

China Solar Firms Brace for EU Dumping Probe
BEIJING—Chinese solar companies expect the European Commission to announce within days a formal investigation into their alleged dumping of solar panels in Europe, which could result in heavy tariffs being imposed on them next year.
**JK – If you think that is interesting, then…

China Speeding U.S. Solar-Dumping Case as Election Nears: Energy
Bloomberg News
China is accelerating a dispute with the U.S. over solar-energy taxes, moving forward its next salvo to hit as President Barack Obama faces re-election.
China’s Ministry of Commerce will make preliminary findings as early as November, eight months before the deadline, on a complaint that U.S. manufacturers are dumping polysilicon, according to officials at Daqo New Energy Corp. (DQ) and Jiangsu Zhongneng Polysilicon Technology Development Co., two of four companies that brought the case. Ministry officials are visiting the companies to gather proof of damage.
**JK – Check out this from the Chinese, of all companies.

Labor backflip on dirty power angers Greens
The Australian   
Labor’s move to abandon plans to pay for the closure of some coal power stations, including Hazelwood, has angered the Greens.
PLANS to replace heavily polluting coal-fired power stations with “cleaner” electricity are in turmoil and a new rift has opened between Labor and the Greens after the government scuttled a key plank of its carbon policy yesterday.

India can cut agricultural emissions & subsidies by creating a market for farm offsets
Ashok Gulati & Jyoti Gujral – Economic Times
India has committed to a non-binding target to cut its emission intensity by 20-25% (from 2005 levels) by 2020. This does not include agriculture. To meet this target and to adapt to climate change without sacrificing growth, India has articulated the National Action Plan for Climate Change (NAPCC) with eight programmes.

Collective action key on water, corporate leaders say
Ambika Kandasamy
Global corporations must migrate toward a collectivist mindset to conserve the world’s water supply. That’s the consensus that emerged from the World Water Week conference in Stockholm this week, according to reports from participants.


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


Russia, EU Don’t Agree on Kyoto Surplus Fix: CDM Watch
Mathew Carr – Bloomberg
Russia and the European Union are among parties that haven’t agreed on a developing-nation plan to limit trading of a 13 billion-metric-ton surplus of Assigned Amount Units under the Kyoto Protocol, according to CDM Watch.

Lexington Insurance Company Introduces CarbonCover® ODS
Press Release
Lexington Insurance Company today announced the introduction of CarbonCover ODS, an innovative property insurance policy that addresses the emerging needs of the climate change and greenhouse gas emissions sector. CarbonCover ODS is designed for project developers who are collecting tangible physical assets for the purpose of creating emission reductions and carbon offset credits.

Bangkok climate talks prep the ground for Doha
Jessica Shankleman – Business Green
International climate change talks in Thailand have ended today with the head of the UN climate change secretariat insisting they have “prepared fertile ground” for the next major summit in Qatar.

Natural Gas/Coal

U.S. Domestic Coal Output Projected to Decline as Demand Continues to Fall
Press release
Shares of companies in the coal industry have lagged in the market in 2012. The Market Vectors-Coal ETF (KOL) — which replicates an index that provides exposure to publicly traded companies worldwide that derive greater than 50% of their revenues from the coal industry — has fallen over 30 percent this year.


GE Aims At A Larger Share Of The Brazilian Wind Power Market
General Electric (NYSE:GE) recently launched a wind turbine designed specifically to suit the environment of wind power generation sites in Brazil. [1] The new 1.85-82.5 wind turbine was showcased at the Brazil Wind Power Conference held in Rio de Janeiro last month.

Oil bath, anyone? Intel servers take a dip
By Padma Nagappan – Green Biz
After engaging in some experimentation, the company is recommending it as a viable option for to use for data center cooling, as energy bills can comprise a big portion of overheads. It says the mineral oil’s cooling effect improves energy efficiency and reduces energy costs.

Government turns key on £13m electric vehicle battery hub
Business Green
The government has announced plans for a new £13m research centre at the University of Warwick, which aims to boost development of electric and hybrid vehicle batteries.

Xcel Energy (XEL) Barclays Capital Energy-Power Conference
Teresa Madden – Xcel Energy
Hopefully, many of you probably are familiar with Xcel Energy, but I thought in terms of background, I’ll just review some of kind of the basics about us. We’re a fully regulated utility. We operate in eight states; NFP, Minnesota, and Piesco contribute the largest portion to our earnings. Piesco the last couple years has been a greater contributor, but it will vary depending on rate cases and terms of the overall contribution.


US energy lab’s pump-happy petaflopper goes green
Timothy Prickett Morgan – The Register
The US Department of Energy’s National Renewable Energy Laboratory has hooked up with HP, Intel, and partners to design a new hybrid supercomputer and an energy-efficient data center wrapper for it that will – among other green gains – use the exhaust heat from the supercomputer to heat adjacent offices.



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

View all reports >


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