Today’s edition shows its solar personality with stories on how, in a context of heated competition and trade war, the solar industry is evolving in China and the U.S., as well as in Canada. And last but not least, a landmark $50 billion award against Russia for the confiscation of what was once the nation’s largest oil company, Yukos.
Quote of the day
“We’re scrambling to buy modules with solar cells made in Korea, Japan and Malaysia.”
Ocean Yuan, the president and founder of Grape Solar, a solar panel importer in Eugene, Ore, in the New York Times’ story Solar Industry Is Rebalanced by U.S. Pressure on China
Yukos Owners Win $50 Billion in 10-Year Fight With Russia
Irina Reznik, Henry Meyer and Jessica Morris, Bloomberg
Former majority owners of Yukos Oil Co. won a landmark $50 billion award against Russia for the confiscation of what was once the nation’s largest oil company after a decade-long battle.
Solar Industry Is Rebalanced by U.S. Pressure on China
Diane Cardwell and Keith Bradesher, The New York Times
Even as regulators continue to wrestle with the protracted trade conflict with China over solar panels, the case has already started to reshape the industry, lifting manufacturers based outside China while also raising prices of panels for developers.
***LB: Also in this story “SolarCity, the fast-growing rooftop solar power provider based in San Mateo, Calif., recently announced it would buy as much as 240 megawatts’ worth of panels from REC Solar, a Norwegian manufacturer, and acquired a start-up, Silevo, with plans to produce panels in Buffalo.”
China Solar Projects Poised to Fuel Panel Price Rebound
JA Solar Holdings Co. expects solar-panel prices in China to recover as developers scale up projects and government measures encourage developments.
US solar tariffs on Chinese imports will ‘hinder’ deployment, industry warns
Will Nichols, BusinessGreen
New anti-dumping tariffs on US solar imports from China and Taiwan will slow the growth of the country’s solar industry, companies have warned.
Solar power surging to forefront of Canadian energy
Richard Blackwell, The Globe and Mail
Construction workers are piecing together rectangular racks supported by galvanized steel posts.
Shanghai carbon market cut 5mln tonnes of CO2-paper
Kathy Chen and Stian Reklev, Reuters
The nearly 200 firms in Shanghai’s emissions trading scheme cut their CO2 output by 5.3 million tonnes in 2013 compared with 2011, government officials said Monday, according to state-owned media.
NY nurses and healthcare unions to mobilize against Keystone
Laura Barron-Lopez, The Hill
The United Healthcare Workers East and New York State Nurses Association vowed to rally thousands of members against the Keystone XL pipeline for a march in September.
Robert Rubin: How ignoring climate change could sink the U.S. economy
Oped, The Washington Post
Good economic decisions require good data. And to get good data, we must account for all relevant variables. But we’re not doing this when it comes to climate change — and that means we’re making decisions based on a flawed picture of future risks.
***LB: Also in this story “While we can’t define future climate-change risks with precision, they should be included in economic policy, fiscal and business decisions because of their potential magnitude.”
Liquefied Natural Gas Looks to Europe With Canadian Export Plans
James Paton, Bloomberg
Liquefied Natural Gas Ltd. (LNG), whose shares have posted an 11-fold gain in Sydney trading this year, expects a proposed export project in Canada will cost about the same as its planned $2.2 billion U.S. project.
***LB: Also in this story “Liquefied Natural, targeting shipments to Europe, may decide in early 2016 whether to go ahead with a development in Nova Scotia, Managing Director Maurice Brand said today.”
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
Japan, Mexico sign carbon trade deal
Susanna Twidale, Reuters
Japan and Mexico have signed a deal for Japanese companies to earn carbon credits by investing in technology to cut greenhouse gas emissions in Mexico – in Japan’s 12th bilateral carbon agreement.
P&G Launches Work with Small Farmers to Ensure No Deforestation in Its Palm Oil Supply Chain
Separating sustainable sources from non-sustainable sources in the production of palm oil and palm kernel oil is highly complicated, but Procter & Gamble PG is stepping up to address the problem.
Private Sector and Civil Society Declaration on Tackling Deforestation and Forest Degradation, and the Sustainable Management of Forests
Tackling deforestation must be a key component of an effective and comprehensive global agreement if dangerous climate change is to be avoided and global warming kept below 2 degrees Celsius.
Your next roadside attraction: Carbon storage
Marianne Lavelle, The Daily Climate
As you watch the miles roll by on family road trips this summer, look just behind the guard rails to see what some scientists believe is a significant untapped resource in the battle against climate change.
(UK’s) Green deal cashback scheme is shut after surge of applications
Damian Carrington, theguardian.com
A government cashback scheme offering £7,600 to people improving the energy efficiency of their homes has been slammed shut overnight after a last-minute surge of applications threatened to blow the budget.
Energy upgrade funding a fraction of Simon Fraser University’s carbon offset costs
Cornelia Naylor, Burnaby Now
After paying the British Colombia provincial government almost $2 million since 2010 to offset its carbon emissions, SFU will get back $195,000 this year to make its Burnaby campus more energy efficient.
Concerns over carbon emissions from burning wood
Roger Harrabin, BBC
UK taxpayers subsidise energy firms to burn wood to meet EU renewables targets. But the report from the Department of Energy and Climate Change (DECC) shows sometimes much bigger carbon savings would be achieved by leaving the wood in the forests.
Natural gas / coal
Not in my backyard: US sending dirty coal abroad
Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy — and pollution.
Bulls Fleeing Natural Gas as Goldman Sees Further Decline
Naureen S. Malik, Bloomberg
Speculators are fleeing natural gas after prices dropped below $4 for the first time since December and power plant production fell to a 13-year seasonal low.
Internal report faults EPA on gas line leaks
Timothy Cama, The Hill
The Environmental Protection Agency is not doing enough to prevent millions of tons of methane from leaking into the atmosphere from natural gas pipelines, according to an internal watchdog report.
Oil, gas boom taps rush of ordinances and bans across the U.S.
Mark Jaffe, The Denver Post
Development of oil and gas shale formations has sparked drilling from Pennsylvania to California, and that is leading to a new wave of local oil and gas ordinances and bans.
Britain to Expand Land Available for Oil and Gas Drilling
Stanley Reed, The New York Times
British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008.
UK shale licences attacked as ‘reckless race’
Helen Warrell, George Parker and Henry Foy, Financial Times
Energy companies will be invited on Monday to bid for a new round of fracking licences covering more than half the country, but ministers insist that tougher planning rules will put national parks out of bounds unless “exceptional circumstances” prevail.
TransAlta to build power station for Australian power plant
Canadian power company TransAlta Corp has agreed to build a A$570 million ($535.97 million) gas power station in South Hedland, Western Australia.
India’s Reliance to buy Jaiprakash’s hydropower business
Reliance Power Ltd will buy Jaiprakash Power Ventures Ltd’s entire hydropower business, the companies said on Monday, in a deal that would make billionaire Anil Ambani’s group the largest private hydropower provider in India.
EEX New Participant: Jura Smart Grid GmbH & Co. KG
Jura Smart Grid GmbH & Co. KG has been admitted to trading on the EEX Derivatives Market for Power and Coal.
Volvo and ABB in drive to roll out electric bus recharging network
Volvo has teamed up with engineering giant ABB to deploy a network of new electric bus charging points that can even allow vehicles to recharge at bus stops.
Warwick to host UK’s £1bn low carbon vehicle research centre
Will Nichols, BusinessGreen
Warwick is set to become the centre of the UK’s low carbon vehicle industry, after being selected to host the £1bn Advanced Propulsion Centre (APC).
Report: Japan to crank up green car grants
The Japanese government could be about to launch one of the world’s most generous green car incentive schemes, in a bid to provide a boost to the nascent hydrogen fuel cell sector.
Tesla Opens New Store In London, Second Dealership in the United Kingdom
Just as the Palo Alto-based manufacturer temporarily stopped assembly of the Model S to retool its Fremont facility for the Model X electric crossover, Tesla Motors opened its second store and service centre in the United Kingdom.
***LB: Also in this story “Accessible from the M4 and M40 in West London, the new location features a Tesla Model S design studio, a seven-bay service area and the U.K.’s first purpose-built two-bay delivery centre.”
Water scarcity and rising energy costs threaten mining industry
James Wilson, Financial Times
EY, the consultancy, said affordable water and energy should now be viewed as one of the 10 biggest problems for miners. The threat was particularly acute in South America and Africa, it said. These continents are significant in the global supply of many metals, particularly copper.
Drought hits China food production: Xinhua
Severe drought and scorching heat has damaged over a million hectares of farmland in China’s Henan and Inner Mongolia provinces, with no immediate relief in sight, state news agency Xinhua reported.
China needs to import more food to ease water, energy shortages – official
China should boost imports of food so it can dedicate more of its scarce water supplies to energy production, especially in arid but coal-rich regions like Xinjiang and Ningxia, a senior environmental official said on Monday.
Africa builds ‘Great Green Wall’ of trees to improve farmlands
Becky Crew, Science Alert
Stretching over a space of 9,400,00 square kilometres and covering most of North Africa, the Sahara is the largest non-polar desert in the world. And it’s getting bigger.