| March 16, 2016 | | | | | Jim Kharouf
Editor-in-Chief
John Lothian News | |
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| | | | Lead Stories | | | | In today's edition, according to an environmental consultancy, European Union industry landed a $26.7 billion windfall from an emissions cap-and-trade program that was intended to moderate emissions by putting a price on pollution, while the Guangdong CO2 exchange calls for local authorities to help regulate ChinaÂs national ETS. Finally, the U.K. may weaken green reporting rules. | | | | | | | | “ | | ÂOur support for retention of the current standards is based on hard business logic. Given the successful climate conference in Paris last year, removing it now would send the wrong message to the market, and to the international community. |
| ” | | Steve Waygood, chief responsible investment officer at Aviva Investors, in the Bloomberg News' story U.K. May Weaken Green Reporting Rules in Osborne's Budget |
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EU Industry Got $27 Billion Carbon Plan Windfall, Study Says
By Ewa Krukowska - Bloomberg News
European Union industry landed a 24-billion-euro ($26.7 billion) windfall from an emissions cap-and-trade program that was intended to moderate emissions by putting a price on pollution, according to an environmental consultancy.
http://bloom.bg/1M5BjgO
***LB: Also in this story "Companies in the cement, petrochemical and steel industries gained most from the emissions trading system, or ETS, from 2008 to 2014, according to a study by CE Delft which was commissioned by Carbon Market Watch, an environmental lobby. European industry received too many tradeable allowances from EU governments for free, according to the Delft, Netherlands-based consultancy." Guangdong CO2 exchange calls for local authorities to help regulate ChinaÂs national ETS
Carbon Pulse
ChinaÂs central government should regulate ChinaÂs national emissions trading scheme but regional authorities should play a part in drawing up trading rules and ensure compliance, the China Emissions Exchange in Guangzhou said Monday.
http://bit.ly/1Rjvw9A U.K. May Weaken Green Reporting Rules in Osborne's Budget
By Jessica Shankleman - Bloomberg News
Companies that favor mandatory environmental reporting are concerned Chancellor of the Exchequer George Osborne will loosen the rules in the U.K. when he presents his annual budget statement to Parliament on Wednesday.
http://bloom.bg/22i5VmM
(UK's) Government confirms zero-emission Paris goal to be enshrined in law
By Madeleine Cuff - BusinessGreen
The government has promised to enshrine a key Paris commitment to deliver a 'net-zero' emission economy into UK law, Energy Minister Andrea Leadsom told the House of Commons yesterday.
http://bit.ly/1prZFr9
Huge supply of cheap offsets could spawn two-tiered Australian CO2 market, cut need for UN units -Reputex
Carbon Pulse
Australia could generate 300 million carbon credits at a cost of only A$1-4 each and another 200 million below A$16, potentially paving the way for a two-tiered domestic carbon market and reducing the need for international emissions units, analysts Reputex said Tuesday.
http://bit.ly/1RkH468 Poland Hardens Opposition to Stricter European Climate Policies
By Ewa Krukowska and Marek Strzelecki - Bloomberg News
Poland adopted a resolution against stepping up European Union climate ambitions, hardening its opposition to stricter emission policies before negotiations about how the blocÂs 28 member states should share the burden of cutting pollution in the next decade.
http://bloom.bg/1QVGWyb How the US Can Meet its Climate Pledge
By Manjyot Bhan - Center for Climate and Energy Solutions
I let out a cheer when Leonardo DiCaprio mentioned climate change during his Oscars acceptance speech. But concern about climate extends far beyond the red carpet.
http://bit.ly/1nM4nOV As climate change heats up, Arctic residents struggle to keep their homes
By Heather Hansman - The Guardian
In the spring, after the permafrost thaws and the ground settles, Wilson Andrew Sr takes a wrench to the metal pilings that hold up the foundation of his house in Atmautluak, Alaska, and makes it level again.
http://bit.ly/1RMeDPf
| Events | | | Northeast RECs Regional Thought Leader Round Table
March 23, 2016
Environmental Markets Association
Office of Dentons, 1221 Avenue of the Americas, New York
http://jlne.ws/1mg7iOT Navigating the American Carbon World (NACW) 2016
Climate Action Reserve
May 4-6, 2016
San Diego, California
http://goo.gl/Ah5s1I CARBON EXPO 2016
Global Carbon Market Fair and Conference
May 25-27, 2016
Cologne
http://jlne.ws/1mg8bqR Cleantech Innovate Scotland
June 9, 2016
http://jlne.ws/1mg6nOG |
| | | | JLN Environmental/Energy is sponsored by: | | | | | | | | |
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| | | | | | Lysiane Baudu
Senior Editor
John Lothian News | | | | | | | John Lothian News (JLN) is the news division of John J. Lothian & Company, Inc. (JJLCO). The online media and financial services firm is staffed by derivatives industry, journalism and technology professionals. | | | | | | | John Lothian News Editorial Staff: | | | John Lothian
Publisher | | | Jim Kharouf
Editor-in-Chief
| | | Sarah Rudolph
Managing Editor
| | | | | Jeff Bergstrom
Editor
| | | Doug Ashburn
Editor-at-Large | | |
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| Carbon | | Scotland urged to adopt more ambitious carbon emissions target
By Severin Carrell - The Guardian
Scottish ministers should aim to cut the countryÂs greenhouse gas emissions by a challenging but achievable 61% by 2030, an influential advisory committee has recommended.
http://bit.ly/22jE2XV
Return of the Bicycle Kingdom? How pavement cycling is transforming Taipei
By Nick Mead - The Guardian
A swarm of scooters forms at the head of a queue of traffic waiting for the lights to change.
http://bit.ly/1RkGpSt | | | | Natural Gas/Coal | | Clinton backtracks on putting Âcoal miners, coal companies out of businessÂ
By Adam Beam and Jonathan Mattise - The Associated Press
Facing a backlash from Appalachian Democrats, Hillary Clinton's campaign on Monday tried to reaffirm her commitment to coal communities one day after declaring on national television she was going "to put a lot of coal miners and coal companies out of business."
http://bit.ly/1PavoBM
Philippines should walk away from coal plant expansion, Gore says
Thomson Reuters Foundation
Climate change activist and former U.S. Vice President Al Gore has urged the Philippines government to end its dependence to polluting coal-fired power stations, particularly given the rapidly dropping prices of renewable energy.
http://reut.rs/1Va7AW7
Natural gas surplus to slow energy industry recovery
By Chris Tomlinson - Houston Chronicle
Oil may be bouncing back from punishing prices, but its sibling natural gas is still sliding, tempering hopes that the energy sector could be on the mend.
http://bit.ly/1QVHILK WhatÂs next for EuropeÂs natural gas market?
By Tim Boersma - Brookings
On February 16 the European Commission published its long awaited Âwinter package, a series of legislative documents partly outlining the foundation of the often debated Energy Union.
http://brook.gs/252Mnlc | | | | Power | | TerraVia and Unilever ink $200m sustainable algae deal
By James Murray - BusinessGreen
Fresh from rebranding and changing its name from Solazyme, US-based sustainable algae technology specialist TerraVia has announced one of its most significant deals to date, inking a multi-year global supply agreement with consumer goods giant Unilever.
http://bit.ly/252JII0 Solar micro-grids launched in three (Himalayan) remote villages
Himalayan News Service
Three remote villages in countryÂs Okhaldhunga and Khotang districts have just been switched on to round-the-clock power from nearby solar micro-grids that will save money, avoid carbon emissions, and provide the communities with fresh economic opportunities.
http://bit.ly/1nM77Mf
The UKÂs Next Nuclear Power Plant Could Collapse Before ItÂs Built
By Nicole Kobie - Motherboard
The UK could face power outages and missing emissions targets if the nuclear plant isnÂt built  but that doesnÂt mean it should be.
http://bit.ly/1pJDe0y | | | | CleanTech | | California Clean Vehicle Rebate Project increases incentives for low- and moderate-income drivers
CA.gov news release
In order to make clean vehicles more accessible to a greater number of California drivers, especially in communities that are highly impacted by air pollution, the Clean Vehicle Rebate Project (CVRP) is implementing increased incentive levels for low- and moderate-income consumers and high-income eligibility caps.
http://bit.ly/1pmg3ZM | | | | Water | | Former EPA official: Agency did nothing wrong in Flint
By Devin Henry - The Hill
A former regional head of the Environmental Protection Agency (EPA) said Tuesday the agency did nothing wrong as lead contaminated the water in Flint, Mich.
http://bit.ly/21tMxgX
Stop Spain's strawberry growers sucking key wetland dry, say supermarkets
By James Bryce - The Guardian
A consortium of high-profile supermarkets and food companies is demanding urgent action to stop unsustainable water usage among Spanish strawberry growers.
http://bit.ly/1TLX4Vv
***LB: Also in this story "Companies including SainsburyÂs, M&S, Unilever and Coca-Cola claim current practices will lead to severe environmental damage to fragile ecosystems."
Louisiana's vanishing island: the climate 'refugees' resettling for $52m
By Lauren Zanolli - The Guardian
Wenceslaus Billiot, an 88-year-old native of Isle de Jean Charles, Louisiana, remembers growing up on a much different island than the two-mile sliver of his ancestral home that remains today.
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