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”
Lead Stories
For the first time, America produces as much electricity from natural gas as from coal
Grist
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.
http://bit.ly/O8T1NL
China, U.S. Agree World Climate Efforts Not Enough to Meet Goals
Bloomberg
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.
http://jlne.ws/Q4nAIt
Germany May Scrap Energy-Source Goal as Overhaul Stumbles
Bloomberg
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.
http://jlne.ws/NvHYAp
EU carbon rescue plan may not help U.N. offset slump
Reuters
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.
http://jlne.ws/NxaTRU
Legal plan for EU carbon market on agenda for July 25
Reuters
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.
http://jlne.ws/OelCTt
Ship Owners Group ICS Has Concern About Lagarde Climate Comments
Bloomberg
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.
http://jlne.ws/MrZpQ6
Events
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
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.
http://jlne.ws/NJDBgR
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.
http://jlne.ws/Ms2TCn
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.
http://jlne.ws/Nzg9pz
Natural Gas/Coal
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.
http://jlne.ws/OTioST
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.
http://jlne.ws/LxtVdG
Power
Ed Davey promises renewable subsidy announcement ‘as soon as possible’
Business Green
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.
http://jlne.ws/SG0R49
RECs
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.
http://jlne.ws/LqMImc
Reports
The Interim Regulation of Voluntary Greenhouse Gases Emission Trading in China (Posted July 10, 2012)
The Climate Group
http://jlne.ws/Mhv62s
Measure for Management: C40 Cities (July 9, 2012)
Carbon Disclosure Project
http://jlne.ws/L9LC37
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
Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy (Posted May 22, 2012)
http://jlne.ws/JArFwf
Fossil fuel price shocks and a low carbon economy (Posted May 21, 2012)
Oxford/DECC
http://jlne.ws/JgVKG9
Using the Allowance Value from California’s Carbon Trading System: Legal Risk Factors, Impacts to Ratepayers and the Economy (Posted May 17, 2012)
Next10
http://jlne.ws/KEYcW5.
Inclusive Green Growth: The Pathways to Sustainable Development (Posted May 9, 2012)
World Bank
http://jlne.ws/IJXP8B
Meeting Canada’s 2020 Climate Change Commitments (Posted May 8, 2012)
Office of Auditor General
http://jlne.ws/K9Lxvd
