Heavy diplomacy in today’s edition, be it on the climate, with the upcoming 2015 summit in Paris, sanctions on Russia, primarily affecting the energy sector, the U.S. – Saudi Arabia’s relationship, impacted by the shale gas boom, or the fact that Ukraine has to buy coal from South Africa, while Israel will supply natural gas to Jordan.
Quote of the day
“We are looking at further tightening of restrictions on energy exports and the licensing of hi-tech exports, not only to the energy sector but specifically to Arctic oil and gas.”
Anthony Gardner, U.S. ambassador to the European Union, in the Reuters’ story U.S. Considers Stronger Sanctions Against Russian Energy
France plans climate harmony ahead of 2015 UN summit
Sophie Yeo, RTCC (Responding to Climate Change)
Laurence Tubiana wants the finale to the UN climate talks – taking place next winter in the Parisian suburbs, miles from the centre’s concert halls and cabarets – to resemble an orchestra.
Now Is the Time to Act on Climate Change
Ban Ki-moon, Huffpost
Climate change has been one of my top priorities since the day I took office in 2007. I said then that if we care about our legacy for succeeding generations, this is the time for decisive global action.
New York climate summit is a chance to push for long-term climate neutrality
Christiana Figueres and Mario Molina, theguardian.com
This month, the UN secretary general will host a major climate summit: it is a moment in time for heads of state, cities, organisations, and companies to announce bold new initiatives to address climate change in the short to medium term.
U.S. Considers Stronger Sanctions Against Russian Energy
The United States is considering limiting hi-tech exports to Russia’s Arctic oil and gas industry as part of plans to strengthen sanctions against Moscow over the crisis in Ukraine, a U.S. envoy said on Wednesday.
Ukraine Buys Coal From South Africa After Mines Ruined
Kateryna Choursina, Bloomberg Businessweek
Ukraine signed an agreement to buy 1 million metric tons of coal from South Africa to maintain power output after mining was disrupted from armed conflict with separatist rebels in the country’s east.
Saudi Arabia Oil Sales to U.S. Imperiled by Shale Boom
Dan Murtaugh and Lynn Doan, Bloomberg Businessweek
After years of keeping the price of crude sold to the U.S. low enough to maintain market share, Saudi Arabia is losing ground as the shale boom leaves U.S. refiners with ample supplies of inexpensive domestic oil.
***LB: Also in this story “In June, imports from Saudi Arabia accounted for the smallest share of crude processed at U.S. refineries since February 2010.”
NextGen: Climate change is ‘top-tier’ issue in 2014 races
Laura Barron-Lopez, The Hill
November may be two months away, but billionaire climate activist Tom Steyer and his political action team say they’ve made climate change a “top-tier” issue in seven key races.
Israel to supply up to $15bn of natural gas to Jordan
John Reed, Financial Times
Israel is to supply up to $15bn of natural gas from its Leviathan field over 15 years to Jordan, easing an energy crunch in the kingdom and marking the biggest such bilateral deal its nascent offshore industry has yet seen.
Modi Vies With Widodo as India Set to End Diesel Subsidy
Debjit Chakraborty and Rakteem Katakey, Bloomberg
Indian Prime Minister Narendra Modi is closer to scrapping controls on diesel prices that led to $66 billion of losses on sales of the fuel in the past decade.
***LB: Also in this story “Modi is vying with counterparts including Indonesian President-elect Joko Widodo to woo investors by curbing petroleum subsidies, which frees up funds to invest in infrastructure for faster growth. The government and state-run crude producer Oil & Natural Gas Corp. (ONGC) bore the brunt of the 4 trillion-rupee cost of cushioning diesel in the last 10 years.”
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
Costco to cut greenhouse gas emissions in deal with EPA
Laura Barron-Lopez, The Hill
One of the nation’s largest retailers is vowing to fix refrigerant leaks in an effort to cut back greenhouse gas emissions.
Panama Canal Generates VER Carbon Credits
George Backwell, Marine Link.com
The Panama Canal Authority (ACP) informs it has certified Verified Emission Reductions (VERs) or carbon credits, within the framework of the Sustainable Forest Cover Establishment Project in the Canal Watershed.
Ethanol’s next generation powers up amid resistance
Marianne Lavelle, The Daily Climate
Like most everyone in the Corn Belt, Eric Woodford heard for years that stalks, husks, and cobs someday would not be discarded as field waste, but valued as the stuff that makes fuel.
First corn waste ethanol plant opens in Iowa
Timothy Cama, The Hill
A federally-backed facility in Iowa started producing ethanol from corn waste products Wednesday, becoming the first commercial-scale cellulosic ethanol plant in the country to use corn waste.
Analysis: China’s big carbon market experiment
Mat Hope, The Carbon Brief
China is the world’s largest emitter of greenhouse gases. Historically, it has been reluctant to cut emissions, fearing that doing so could impede its economic growth. But there are signs that position is shifting.
Carbon emissions from electricity grid rise after carbon price repeal
Oliver Milman, theguardian.com
Carbon emissions from the electricity grid rose after the repeal of the carbon price, with analysts predicting further increases as coal-fired power takes a greater share of Australia’s energy mix.
Natural gas / coal
New Monthly Records on German Gas Spot Market
EEX Press Release
PEGAS, the natural gas platform jointly established by the European Energy Exchange (EEX) and Powernext, announced that a total volume of 47.2 TWh was traded in August 2014 compared with 16.8 TWh traded over the same period of the previous year.
US mulls methane limits for fracking operations
New rules forcing oil and gas producers to cut emissions of potent greenhouse gas methane could be introduced in the US, the Environmental Protection Agency (EPA) chief admitted yesterday.
$5B natural gas pipeline may run through Virginia
Aaron Applegate and Carolyn Shapiro, The Virginian-Pilot
Dominion Resources and other partners are proposing a $5 billion natural gas pipeline to connect the Southeast with the rapidly growing supply of natural gas being produced in Pennsylvania, Ohio and West Virginia.
After Eric Cantor’s Exit, House Turns Sympathetic Ear From Big Business to Oil and Gas
Jonathan Weisman, The New York Times
Eric Cantor’s move on Tuesday to a boutique investment firm in New York drove home a new political landscape emerging on Capitol Hill as the Republican leadership reshuffles in the House: Wall Street and Big Business have lost their most sympathetic ear, oil and gas industries are on the rise, and Louisiana once again has a booming voice at the table.
Interest in Solar Water Heating Spreads Globally
Kate Galbraith, The New York Times
To produce milk and cheese for the world, dairies need cows and grass. But they also go through enormous amounts of hot water each day to flush out milk lines and clean other equipment.
Giant £310m wind turbine factory in Hull gets green light
Will Nichols, BusinessGreen
Work on a £310m wind turbine factory in Hull is set to start this year,after the city council’s planning committee yesterday approved the plans.
If New Race Series Makes a Big Noise, It Won’t Be Because of the Engines
Joshua Robinson, The Wall Street Journal
The greatest emotional trigger at any auto-racing event is the noise. In Nascar, it is the earthshaking growl of V8 American muscle. In Formula One, it is the chest-rattling wail of 15,000 rpm. To some the sound is repellent. To others it is like an opera. But what if there is no sound at all?
Tesla chooses Nevada for battery factory: Sources
Tesla has finally decided that it will build its $5 billion lithium-ion battery plant—dubbed the gigafactory—in Nevada, sources say. “That’s a go, but they are still negotiating the specifics of the contract,” a source within the Nevada’s governor’s office told CNBC Wednesday afternoon. The source noted that it could be a week before the deal is official.
Nature-Based Water Solutions Drew $9.6 Billion In 2013
Last year, governments and companies invested $9.6 billion in initiatives implementing nature-based solutions to sustain the world’s clean water supplies.
Because water is both priceless and free, defining its value is a paradox
Arizona Capitol Times
Increased awareness of water scarcity at a global scale has driven efforts to establish a common definition of water’s value. Calls to price water based on its “real value” encounter the problem that there exists no generally accepted formula to determine such a value.
China and Indian Leaders Said to Skip UN Climate Summit
Sangwon Yoon and Mark Drajem, Bloomberg
The top leaders of China and India aren’t planning to attend this month’s United Nations summit on climate change, signaling tepid support for a global pact to cut greenhouse gases among two of the largest emitters.