In this edition: Grist brings us, “For the first time, America produces as much electricity from natural gas as from coal,” while Bloomberg reports, “China, U.S. Agree World Climate Efforts Not Enough to Meet Goals.” Reuters says: “EU carbon rescue plan may not help U.N. offset slump.”
Quote of the Day:
“I believe a progressive decoupling between EUAs and CERs will gear up later this year. There are too many offsets all around to be absorbed by the market in the short-term. The price of CERs and that of EUAs have very different dynamics.”
–Matteo Mazzoni, an analyst at Nomisma Energia, in Reuters’ “EU carbon rescue plan may not help U.N. offset slump”
For the first time, America produces as much electricity from natural gas as from coal
For the first time in U.S. history, natural gas electricity generation equaled coal generation, according to preliminary April figures from the Energy Information Administration.
China, U.S. Agree World Climate Efforts Not Enough to Meet Goals
China and the U.S. agreed that greater climate-protection efforts are needed before a binding global treaty comes into force in 2020, joining nations at a meeting in Germany to acknowledge current pledges fall short.
Germany May Scrap Energy-Source Goal as Overhaul Stumbles
Chancellor Angela Merkel’s government said it may have to scrap some of its targets for shifting the source of its electricity supply, a move that would water down a commitment to bolster renewable energy in Europe’s biggest economy.
EU carbon rescue plan may not help U.N. offset slump
Any lifeline European Union regulators throw to the bloc’s own troubled carbon market may do little to help the United Nations’ ailing emissions offset scheme.
Legal plan for EU carbon market on agenda for July 25
The European Commission will on July 25 debate a legal framework to revise the timetable for auctioning carbon allowances to bolster prices on the EU’s weakened Emissions Trading Scheme, a document seen by Reuters showed.
Ship Owners Group ICS Has Concern About Lagarde Climate Comments
The International Chamber of Shipping, representing owners of 80 percent of the merchant fleet, said it has concerns about comments last month by International Monetary Fund Managing Director Christine Lagarde.
Carbon Forum North America
October 1-2, 2012
Sustainability Summit – Innovation Challenge
October 9, 2012
Dominion CEO Warns Against Effects of Carbon Limits
Dow Jones Newswires
Dominion Resources Inc. (D) Chief Executive Tom Farrell warned Monday of dramatic fluctuations in electricity prices if the Obama administration moves forward with new limits on greenhouse gas emissions.
Carbon capture: Why the EU approach just isn’t working
The Energy Collective
It has emerged that it is now likely that just one carbon capture and storage project in the UK will receive funding from the European Investment Bank. This is the Don Valley Project, which has already received €180 million of European funding, and is now the only one of the nine projects put forward by the UK for European funding which will get anything at all.
Delhi airport recognized for carbon emission cut
New York Daily News
The Indira Gandhi International (IGI) Airport here Tuesday became the fifth airport in the Asia-Pacific region to receive accreditation for its efforts at reducing carbon emissions.
US wastes more natural gas than ever as fracking byproduct
The Christian Science Monitor
The United States is flaring so much natural gas into the atmosphere — burning it as oil-field waste rather than extracting energy from it in power plants — that it now leads the world in the growth rate at which it is trashing that energy source.
Climate scientists want ‘serious’ State Dept. review of oil sands emissions
The Hill’s E2 Wire
Ten widely cited climate scientists say the State Department’s review of the proposed Keystone XL pipeline should include a “serious” evaluation of how enabling Canadian oil sands development will affect the planet’s climate.
Ed Davey promises renewable subsidy announcement ‘as soon as possible’
The government could announce its decision on subsidy levels for renewable energy technologies over the summer, despite today delaying the final decision as a result of an on-going row between the Department of Energy and Climate Change (DECC) and the Treasury over subsidies for onshore wind farms.
Energy official pushing green-energy credits
Minneapolis Star Tribune
Time was when wind turbine manufacture and installation was a thriving industry in southern Minnesota. Union officials estimate their workers spent about 225,000 man hours constructing wind farms from 2005 to 2010.
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
Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production (Posted June 4, 2012)
Vulnerability of US and European electricity supply to climate change (Posted June 4, 2012)
Nature Climate Change
Developing Dimension: State of the Voluntary Carbon Markets 2012 (Posted May 31, 2012)
Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy (Posted May 22, 2012)
Fossil fuel price shocks and a low carbon economy (Posted May 21, 2012)
Using the Allowance Value from California’s Carbon Trading System: Legal Risk Factors, Impacts to Ratepayers and the Economy (Posted May 17, 2012)
Inclusive Green Growth: The Pathways to Sustainable Development (Posted May 9, 2012)
Meeting Canada’s 2020 Climate Change Commitments (Posted May 8, 2012)
Office of Auditor General