In today’s edition, some unexpected aftereffects of efforts against climate change, like the Three Gorges dam hydropower production, carbon captured from power plants in Texas or the rise of renewables in Europe. Good or bad, read on to discover what they are!
Quote of the day
“Stronger hydropower production in South China is directly impacting imports. It just cuts coal demand by replacing with hydropower generation.”
Diana Bacila, a coal analyst with Nena A/S, an Oslo-based adviser to utilities and energy traders, in the Bloomberg News story Shipping Rates Drop as China Hydro Power Cuts Coal Need
US-Africa oil trade wanes after shale revolution
Javier Blas, Financial Times
There used to be a joke in the oil industry that you could walk from the US to Nigeria without getting your feet wet – just jump from one oil tanker to another.
Shipping Rates Drop as China Hydro Power Cuts Coal Need
Record production of hydropower from China’s Three Gorges and newer dams is displacing so much coal that rates to transport it have plunged to about record lows, roiling the shipping market.
***LB: Also in this story “China increased its hydroelectric capacity by 13 gigawatts in the first half, according to the China National Energy Administration. That’s the biggest first-half expansion since at least 2009 and more than enough to power Hong Kong.”
China’s surprise on climate change: Our view
Editorial, USA Today
It’s not true the Chinese aren’t doing anything about pollution. Their reasons just happen to be more domestic than global.
Carbon captured from power plants potential key to future oil production
Chuck Raasch, St Louis Post-Dispatch
A new $1 billion Texas project to capture carbon dioxide from a coal-burning power plant and use it to extract hard-to-get oil out of existing wells may be a breakthrough that a coalition of energy, technological and environmental interests has been looking for.
Bankrolling Energy Exports Creates Rift Between Fossil Fuels And Green Power
Ken Silverstein, Forbes
With boundaries generally falling, U.S. firms are trying to sell their wares around the globe.
Van Hollen Introduces the Healthy Climate and Family Security Act of 2014
Today Maryland Congressman Chris Van Hollen introduced the Healthy Climate and Family Security Act of 2014. This legislation is a simple, fair, and effective way to combat climate change while supporting robust economic growth and a thriving middle class.
India and US pledge “active cooperation” on climate change
Sophie Yeo, RTCC (Response to Climate Change)
India and the US have pledged to work actively together on an international deal to prevent dangerous levels of global warming.
Rise of renewables adds to need for gas power
Pilita Clark, Financial Times
Something odd is happening at Europe’s big energy companies. They have stopped complaining so much about renewable energy subsidies.
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
Copenhagen to Be the World’s First Carbon-Neutral Capital
Elisabeth Braw, Newsweek
While other countries debate whether to install wind turbines offshore or in remote areas, Denmark is building them right in its capital.
***LB: Also in this story “Three windmills were recently inaugurated in a Copenhagen neighbourhood, and the city plans to add another 97”
Goldman’s Icy Arbitrage Draws Interest to Meet EPA Rule
Mark Drajem and Justin Doom, Bloomberg
Clustered deep beneath the trading floors of Goldman Sachs Group Inc.’s Manhattan headquarters are 92 tanks with enough ice for 3.4 million margaritas.
The real cost of ethanol
Molly Murray, The News Journal
Across the farmlands of America, there are acres upon acres of corn.
Natural gas / coal
Shanghai Debuts Yuan-Based Iron Ore, Thermal Coal Swaps
Yuan-denominated iron-ore and thermal-coal swaps debuted today in Shanghai as China, the biggest user of raw materials, races to become a global center for commodities trading.
Fracking’s untold health threat: How toxic contamination is destroying lives
Lindsay Abrams, Salon
If we’re going to talk about fracking, we can’t just talk about energy independence, or the economy, or the potential for natural gas to act as a “bridge fuel” to help solve the global warming crisis.
A Dozen States File Suit Against New Coal Rules
Coral Davenport, The New York Times
Twelve states filed a lawsuit against the Obama administration on Friday seeking to block an Environmental Protection Agency proposal to regulate coal-fired power plants in an effort to stem climate change.
German Beer Industry Takes On Fracking
Allan Hall, Newsweek
Shortly before opening time at Foersters Feine Biere in Berlin, the owner, Sven Foerster, is busy checking the pressure on the pumps and the temperature of the refrigerated cabinets where liquid gold is stored.
Energy probe should look at gas market too, warns MP
The forthcoming competition inquiry into the UK’s energy companies should also investigate the wholesale gas market, a senior MP has warned.
Solar, wind generation surpassing hydropower
Laura Barron-Lopez, The Hill
Solar, wind, geothermal and other renewable energy sources are routinely surpassing hydropower generation across the U.S., according to the Energy Department’s stat shop.
Solar firms to sue (UK) government over subsidy cuts once again
Jessica Shankleman, BusinessGreen
Four of the UK’s leading solar companies are to sue the government over proposals to halt subsidies for large solar farms from early next year, sparking the third legal battle over solar policy in three years.
False dawn for solar giant?
Peter Hannam, The Sydney Morning Herald
Australians considering putting solar panels on their roofs might want to get a hurry-on, with prices for a typical system looking set to rise by 50 per cent.
Can Tesla Motors Inc Get Enough Lithium for its Gigafactory?
Sean Campbell, Tech Insider
Tesla Motors Inc recently disclosed its plan of building, what it’s calling the ‘Gigafactory’, which will enable Can Tesla Motors Inc (TSLA) to bring down the costs of the batteries that goes in its cars and increase production.
***LB: Also in this story “If it works out, it will decrease the cost of a Tesla Motors Inc ’s car substantially, enabling it to target the mass market.”
Tepco Set to Miss Target for Fukushima Radioactive Water Cleanup
Jacob Adelman, Bloomberg Businessweek
Tokyo Electric Power Co. (9501) looks likely to miss a deadline to filter out a cancer-causing radioactive isotope from water stored at its wrecked nuclear plant in Fukushima, according to Bloomberg News calculations.
Tap Water Ban for Toledo Residents
Emma G. Fitzsimmons, The New York Times
Residents of Toledo, Ohio’s fourth-largest city, spent the weekend under a water advisory after tests revealed toxins in the city’s water supply, likely caused by algae growing in Lake Erie.
10 cities running out of water
Thomas C. Frohlich, 24/7 Wall St
After multiple unusually dry years across the western, southern and central United States, more than 80% of California is now in a state of extreme or exceptional drought, according to the U.S. Drought Monitor.
The Future Of Medicine Depends On The Most Fragile Places On Earth
Kevin Loria, Business Insider
Venomous cone snails sting passing fish, paralyzing them so they can be digested alive.
Billionaire climate-change supporter pledges to spend big to beat Florida Gov. Rick Scott
Marc Caputo, Miami Herald
The billionaire is ready to take out Florida’s multi-millionaire governor.