In this edition, coverage of closer carbon market linkage talks between California and Australia from The Age and Bloomberg. Meanwhile, in the wind space, a move by Buffet: Warren Buffett to snap up US wind farms, reports Business Green. Also, Spain Adds $32 Billion Power-System Bailout to Bank Rescue.
Quote of the Day:
“Taking a pro-climate stance is a political winner, especially for Democrats. It’s not the most important issue [for most undecided voters but] it’s somewhere in their lexicon of issues.”
–Edward Maibach, director for the Center for Climate Change Communication at George Mason University, in Bloomberg’s “Global Warming Links Democrats, Independents Isolating Romney.”
Australia, California in talks to link carbon trading
Australian and Californian government officials have pledged to work towards linking their nascent carbon markets, they said on Sunday.
**RKB – Talk so far limited to a planned “forum” but that pledge did come from Aussie Climate Change Secretary Mark Dreyfus. Of course, EU and Australia expressed their hopes for a future in August.
Australia in Talks With California to Link Emission Programs
Australia said it agreed to work with the state of California to promote global emission markets. Mark Dreyfus, Australia’s secretary for climate change and energy efficiency, has set up an “ongoing working relationship” with the California Environmental Protection Agency and the California Air Resources Board, according to a release from his office yesterday. Dreyfus is in the U.S. for clean energy and climate talks, according to the release.
Carbon Trading Grows as Preferred Policy Tool, IETA Says
The expansion of carbon-trading mechanisms demonstrates that emission markets are the “policy instrument of choice” for cutting greenhouse gases, according to the International Emissions Trading Association.
IETA Greenhouse Gas Market 2012
Warren Buffett to snap up US wind farms
Warren Buffett has beefed up his presence in the US renewable energy market, confirming plans to purchase two giant Californian wind farms through his MidAmerican Energy utility.
**RKB – More coverage in Power section.
UN official: Climate skeptics are losing
The Hill’s E2 Wire
Christiana Figueres, the United Nations’ top climate change official, expressed optimism Monday that skepticism of scientific views on global warming is on the wane in the United States.
GOP looks to force reforms on EPA’s Science Advisory Board
The Hill’s E2 Wire
House Republicans introduced a bill late last week that would require the Environmental Protection Agency (EPA) to reform its Science Advisory Board, the body that acts as a scientific adviser to the EPA as the EPA writes regulations.
SunGard Enhances Aligne ETRM Solution with Functionality for Dodd-Frank and Natural Gas Market
SunGard has extended Aligne, its energy trading and risk management (ETRM) solution, to help customers comply with the Dodd-Frank Act and find new opportunities in the growing natural gas market.
EU to monitor shipping emissions from next year
Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.
Obama and Romney find little common ground on energy production
Los Angeles Times
No matter who wins the 2012 election, the next president will take office as the United States faces vast new opportunities in energy production and profound challenges to environmental protection.
Global Warming Links Democrats, Independents Isolating Romney
Democrats and independent voters overwhelmingly accept the scientific evidence that human activity is warming the earth’s temperature, while almost two out of three Republicans don’t.
Carbon Forum North America
October 1-2, 2012
Sustainability Summit – Innovation Challenge
October 9, 2012
EMA 2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
Different green energy ideas from McKenna, Inslee
Climate change may have faded as a national issue, but it remains prominent in the Washington governor’s race.
New York Will Probably Restart Review Process on Fracking
New York will probably miss a deadline to develop fracking regulations, requiring the state to begin all over again and delaying indefinitely a decision on whether to allow the natural-gas drilling, officials said.
Finland may be first European country to halt coal use
Finland may phase out the use of coal in energy production by 2025, the first European country to do so, Economy Minister Jyri Haekaemies said.
Spain Adds $32 Billion Power-System Bailout to Bank Rescue
After Spain’s rescue of its banks and cash-strapped regions, the 2013 budget reveals a bailout of the power industry to cover 25 billion euros ($32 billion) of debt accumulated by the electricity system.
EnBW asset sales could be more than 1.5 bln euros
Germany’s third-largest utility EnBW could end up selling more than a planned 1.5 billion euros ($1.9 billion) in assets, the group’s new chief executive said on Monday.
U.S. investor eyes TenneT German power grid: report
U.S. energy transmission developer Anbaric is mulling taking a stake in German power grid operator TenneT TNETH.UL and wants to invest around $4 billion, a German magazine reported.
MidAmerican Wind to buy two California wind projects
MidAmerican Wind agreed to buy two California wind projects from a unit of Terra-Gen Power, it said on Sunday, as the Berkshire Hathaway Inc- (BRKa.N) owned company looks to increase its renewable energy assets.
Sumitomo Sees ‘Solar Bubble’ as Japan Rejects Nuclear: Energy
As Goldman Sachs Group Inc. (GS) and billionaire Masayoshi Son lead a swarm of investors exploiting Japan’s solar power subsidies, the world’s biggest, Sumitomo Corp. (8053) is betting on wind.
Wind to Make Denmark Reliant on Power Imports, Lobby Says
A surge in output from Nordic renewable-power may depress electricity prices, forcing Danish fossil-fuel plants to close and making the country reliant on power imports for the first time, according to the Danish Energy Association.
Alstom Plans $15 Million Wind-Tower Production Factory in Brazil
Alstom SA (ALO), Europe’s second-largest power-equipment maker, will build a 30 million-real ($14.8 million) factory in Brazil’s southern state of Rio Grande do Sul that will make towers for wind farms.
UCLA researchers say last year’s Carmageddon improved air quality
The reprieve lasted for only one weekend, but UCLA researchers say that last year’s Carmageddon closure of the 405 Freeway rid Los Angeles of both traffic and another notorious problem: pollution.
IDB eyes investment in Kazakh, Central Asia energy, farming
The Islamic Development Bank is looking to resource-rich Kazakhstan and Central Asia as a fertile ground for investment, with the launch of a $50 million renewable energy fund on Monday and plans to finance agricultural projects, an official said.
COLUMN-You can count on new burst of infrastructure spending
As global economies from Beijing to Berlin struggle to keep their heads above water, a new wave of stimulus spending is under way. Given that infrastructure spending is almost always a function of population growth – which does not seem to be slowing down in emerging markets – this is a potent trend if you are a long-term investor.
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