In this edition, coverage of global carbon markets, including in Bloomberg’s China Carbon Debut Defies Emission Doubters and Xinhua’s China to run 2nd in carbon trading scheme and AAP’s EU-based carbon scheme passes Reps. Elsewhere, Germany eyes cap for support for wind power, biomass, says Reuters, which also reported Mexico’s interest in Germany’s know-how on renewable energy.
Quote of the Day:
“What China is doing with its pilot scheme and ultimately with a national scheme sets a terrific example for the rest of the world. Any suggestions by people in the West that China is not acting on climate change aren’t true.”
–Alex Wyatt, the Melbourne-based chief executive officer of Climate Bridge, in Bloomberg’s “China Carbon Debut Defies Emission Doubters: Energy Markets”
China Carbon Debut Defies Emission Doubters: Energy Markets
China’s first steps to build what is destined to be the world’s second-biggest emissions market are boosting the prospects for fledgling programs from Australia to California.
**RKB – Four cement makers in China, the world’s biggest emitter, bought 1.3 million pollution permits for 60 yuan ($9.55) a metric ton last month in Guangdong.This is the largest of the seven pilot programs. Volume expected at half the EU system.
China to run 2nd in carbon trading scheme
China will have the world’s second largest carbon trading scheme by 2014, or twice as big as Australia’s regime, a latest report showed Thursday.
EU-based carbon scheme passes Reps
The latest changes to Australia’s carbon price scheme have passed the House of Representatives.
Carbon tax complaints falling says ACCC
The consumer watchdog says the number of carbon tax complaints it’s received has dropped from around 60 per day to as low as four in recent weeks.
S’pore an ideal centre for water and carbon derivatives trading
Channel News Asia
Singapore may not have a carbon tax regime yet but being a financial hub, it may be poised to be a centre for water and carbon trading.
Carbon capture ‘already an effective reality
Carbon capture: 130 plants needed ‘to avoid dangerous climate change’
More than a hundred carbon capture and storage projects (CCS) must be built to avoid dangerous global warming, an international CCS group said this week, as fears were raised over whether UK projects would benefit from an EU fund for 12 demonstration plants.
UK energy minister wants to fund two CCS projects
Britain’s energy minister wants to financially support two pilot carbon capture and storage (CCS) projects, a technology the UK is banking on to reduce climate-warming emissions and to develop as a new export product.
Merkel Curbs Renewables to Limit Voter Anger on Power Bills
German Chancellor Angela Merkel’s decision to cap taxpayer subsidies for renewable energy is aimed at limiting the political fallout among voters from a surge in electricity bills due next week.
Germany eyes cap for support for wind power, biomass
Germany‘s environment minister outlined plans on Thursday to limit support for wind energy and biomass generation following a similar cap imposed on the photovoltaic sector, as part of a proposed reform of renewable energy policy.
Mexico president-elect taps Merkel know-how on renewable energy
Mexican President-elect Enrique Pena Nieto sought advice on Thursday on how to develop his country’s renewable energy sector from Germany, a world pioneer in the sector.
Ryan admits seeking funding from ‘green pork’ package he attacked
Republican vice president candidate Paul Ryan attacked the White House’s stimulus packages for green energy in last night’s debate – although was forced to admit he had sought funding under the programme for projects in his home state.
EMA Regional Thought Leader Roundtable: Northeast REC Markets
October 17, 2012
EMA 2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
Closing the biomass carbon loophole
Worldwide, forest fires and forest harvesting are recognized as major sources of the carbon dioxide (CO2) that is warming the climate, causing drought, and melting ice caps. Yet, paradoxically, most state, regional, and federal efforts to reduce emissions treat biomass power plants that burn wood for fuel as “carbon neutral,” with zero net emissions. Massachusetts is now leading the way to correct this mistake, with first-in-the-nation regulations limiting the eligibility of biomass power for renewable energy subsidies based on cumulative CO2 emissions.
Are businesses ready for mandatory carbon reporting?
More than two thirds of the FTSE 350 are ready to meet new mandatory carbon reporting regulations that are due to come into effect next year, while over three quarters of mid-sized firms are also committed to delivering sustainability reports.
BP to export US crude to Canada, Shell seeks permit
Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world’s top oil consumer upends global energy flows.
**RKB – Important sub-head: Shale boom reshapes world energy flows
Total to Push Ahead With Shale Gas Drilling in Poland, CEO Says
Total SA (FP), France’s largest oil company, will pursue the search for shale gas in Poland by drilling another well, even after partner Exxon Mobil Corp. (XOM) pulled out following “disappointing” results.
Wyoming Water Tests in Line With EPA Finding on Fracking
Tests of drinking water near a natural-gas drilling site in Wyoming back up findings that established the first link by the federal government between hydraulic fracturing and tainted water, the Environmental Protection Agency said.
Vestas Cuts U.S. Jobs by 20 Percent Awaiting Tax Credit Decision
Vestas Wind Systems A/S (VWS), the world’s biggest maker of wind turbines, has cut about a fifth of its U.S. jobs as it waits for lawmakers to decide whether to extend a tax credit for the industry.
Solyndra investor sought tax breaks as bankruptcy loomed-filing
Eight months before solar panel maker Solyndra filed for bankruptcy, the company’s politically connected backer sought to hold on to lucrative tax breaks in the event the company went out of business, according to court documents.
U.S. sets steep final duties on Chinese solar panels
The United States on Wednesday slapped steep final duties on billions of dollars of solar energy products from China, but turned down a request from lawmakers and U.S. manufacturers to expand the scope of its order.
The Hidden Costs of Electricity: Comparing the Hidden Costs of Power Generation Fuels (Posted Sept. 19, 2012)
CDP Global 500 Climate Change Report (Posted Sept. 11, 2012)
Carbon Disclosure Project
Beyond the bluster: Why wind power is an effective technology (Posted Aug. 30, 2012)
Carbon Tax Revenue and the Budget Deficit: A Win-Win Solution? (Posted Aug. 27, 2012)
The 21st Century Corporation: The Ceres Roadmap for Sustainability (Posted Aug. 21, 2012)
EPA REGULATIONS AND ELECTRICITY (Posted Aug. 16, 2012)
European Power & Renewables Deals: Quarterly M&A outlook (Posted August 15, 2012)
Advancing Technology for America’s Transportation Future (Posted August 6, 2012)
Benchmarking Air Emissions Of the 100 Largest Electric Power Producers in the United States (Posted July 31, 2012)
Per capita CO2 emissions in China reached European level (July 18, 2012)
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