In today’s edition: EEX spins off Gas Business into Own Company, the exchange says. Reuters announces: “Poland ready for gas exchange in Q4-regulator.” And, “Norway pledges $141 mln for Africa clean energy,” according to Point Carbon.
Quote of the Day:
“We are committed to doing the [fracking] rule and we are committed to finalizing it.”
Top White House Energy Aide Heather Zichal, in The Hill’s “Top Obama energy aide: ‘Fracking’ rules coming by year’s end”
Lead Stories
EEX spins off Gas Business into Own Company
EEX Press Release
The European Energy Exchange (EEX) will spin off the Natural Gas Spot and Derivatives Market into a separate company owned to 100 percent with the corporate name “EGEX European Gas Exchange”. Five years after the launch of exchange gas trading in Germany, this step paves the way for cooperations in the field of natural gas trading.
http://jlne.ws/OiQZOh
**RKB – New company, called EGEX European Gas Exchange, intended to pave the way for cooperation with other bourses, officials say. Poland is nearer to launching its own (See below).
EEX bourse to spin off gas trade business
Reuters
The European Energy Exchange (EEX) said on Monday it will spin off its five-year old gas spot and futures trading arm into a new separate company called EGEX European Gas Exchange, to pave the way for cooperation with other bourses.
http://jlne.ws/NFgrMu
Poland ready for gas exchange in Q4-regulator
Reuters
Regulators, suppliers, exchange operators and pipeline operators are making enough progress in talks to launch a gas exchange in Poland in the fourth quarter of 2012, the head of the energy regulator URE said on Monday.
http://jlne.ws/On0H3k
Norway pledges $141 mln for Africa clean energy
Reuters – Point Carbon
Norway is to provide 850 million Norwegian crownsto fund clean energy projects in Ethiopia, Kenya and Liberia, finance that could unlock private sector investment in new types of carbon markets, the country’s government said on Monday.
http://jlne.ws/LbvbQi
Top Obama energy aide: ‘Fracking’ rules coming by year’s end
The Hill’s E2 Wire
A senior White House official said Monday that regulations to toughen oversight of oil-and-gas “fracking” on federal lands are on track despite a two-month extension of the public comment period announced last week.
http://jlne.ws/MR0uSn
Op/Ed: We Have Met the Solution and It Is Us
Frances G. Beinecke and Trip Van Noppen for The New York Times
IT would be easy to conclude that the Rio+20 Earth Summit was a failure. That would be wrong.
http://jlne.ws/MUNbfW
Progress on the Sidelines as Rio Conference Ends
The New York Times
Burdened by low expectations, snarled by endless traffic congestion and shunned by President Obama, the United Nations Conference on Sustainable Development ended here as it began, under a shroud of withering criticism.
http://jlne.ws/MNvrp2
Some good news, and next steps to take, from Rio
GreenBiz.com
There’s no lack of skepticism about the UN Rio +20 Earth Summit, and when it comes to political leadership, no real progress has been made. But that’s not the whole story.
http://jlne.ws/MQZMEQ
The business view from Rio, in 3 minutes or less
GreenBiz.com
Where you stand on last week’s Rio+20 conference depends largely on where you sit. You can pretty easily divide the opinion about the United Nations conference into three camps: Policy crowd; NGO crowd; corporate crowd.
http://jlne.ws/LM7ayE
A Fresh Look at Oil’s Long Goodbye
The New York Times’ Andrew Revkin
My bedtime reading tonight is “Oil: The Next Revolution – The unprecedented upsurge of oil production capacity and what it means for the world.” This mind-bending report points to a prolonged period of rising oil production, particularly in the United States (for reasons laid out below), and a potential collapse in oil prices, with all kinds of implications for security, international politics, the economy and, without doubt, climate.
http://jlne.ws/MURVSW
A New Satellite Tool Tracks Deforestation
The New York Times
An international team of researchers presented a new tool at the Rio+20 sustainability conference last week: the first satellite system for monitoring deforestation across Latin America in nearly real time. While such programs have existed in Brazil for several years, the program, called Terra-i, fills a much-needed gap for some smaller Latin countries that are losing forests at an equal or higher rate.
http://jlne.ws/MwvhVz
Events
Responsible Business Summit
Asherleaf
June 27 -28, 2012, New York
http://jlne.ws/I9JaGh
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
Carbon
Developers target Canadian fridges for carbon credits
Reuters – Point Carbon
Project developer Blue Source Canada has become the first company to receive carbon credits for destroying emissions of ozone depleting substances in old refrigerators, units the developer hopes will be allowed to be used in Quebec’s emerging carbon market.
http://jlne.ws/Lbwdfb
Seeking a Profitable Place to Put Captured Carbon
The New York Times
Two major oil companies joined by a chemical company and an investment group have invested $9 million in a commercial carbon capture project in Texas that will treat the flue gases from a coal-fired cement kiln and turn them into marketable chemicals.
http://jlne.ws/MQWQba
A carbon (sequestration) graveyard beneath Jersey?
NJ.com
Scientists are prying 8,000 feet beneath the Earth’s crust. Their goal: to explore a geological formation that underlies Pennsylvania, New Jersey and New York that they believe could be usable as a storage locker for carbon emissions from coal and natural gas plants.
http://jlne.ws/MU3JFk
Natural Gas/Coal
Coal-Plant Plunge Threatens Billions in Pollution Spend
Bloomberg
The coal-fired power industry in the U.S. is facing the biggest plunge in asset values in a decade, risking billions of dollars in pollution-control spending by utilities such as Exelon Corp. (EXC) and American Electric Power Co. (AEP).
http://jlne.ws/LYcnYP
New Jersey Senate Bans Treatment of Fracking Waste
The New York Times
New Jersey legislators approved legislation on Monday banning the treatment or storage of fracking waste in the state.
http://jlne.ws/MU476F
Chesapeake, Encana Shares Fall on Noncompete Report
The Wall Street Journal
Shares of Chesapeake Energy Corp. CHK -8.49% and Encana Corp. ECA -4.13% fell sharply Monday, following a report that the two natural-gas powerhouses discussed cooperating to avoid driving up the cost of U.S. shale-gas lands up for auction.
http://jlne.ws/Lxp3pW
Power
China’s First Wind-Farm Lull Limits Outlook for Sinovel: Energy
Bloomberg
China, the world’s biggest builder of wind farms, is set for its first year of slower growth in almost a decade as plans founder for expanding offshore, hurting domestic turbine makers such as Sinovel Wind Group Co. (601558).
http://jlne.ws/KJu1yz
South Africa Extends Power Funding Deadline on Logistics
Bloomberg
South Africa extended the June 30 deadline by which wind and solar power-plant developers have to conclude funding arrangements by two weeks.
http://jlne.ws/MU5UZE
Reports
Renewable Electricity Futures Study (Posted June 20, 2012)
National Renewable Energy Laboratory
http://jlne.ws/MzYWIA
Public Views on Climate Policy Options: Spring 2012 NSAPOCC Findings (Posted June 18, 2012)
Brookings
http://jlne.ws/ND07OJ
Energy Technology Perspectives 2012 (Posted June 11, 2012)
IEA
http://jlne.ws/Kzt8mX
Strengthening the European Union Emissions Trading Scheme and Raising Climate Ambition
WWF/Greenpeace/Oko Institut (Posted June 11, 2012)
http://jlne.ws/LjodaU
Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production (Posted June 4, 2012)
API, ANGA
http://jlne.ws/M6RzMQ
Vulnerability of US and European electricity supply to climate change (Posted June 4, 2012)
Nature Climate Change
http://jlne.ws/L3Slcb
Developing Dimension: State of the Voluntary Carbon Markets 2012 (Posted May 31, 2012)
Ecosystem Marketplace
http://jlne.ws/JQ18Bv
