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JLN Environmental/Energy: Carbon Markets 94% Cheaper Than Renewable Support, OECD Says; EU on track for climate targets; India to Set Up Agency for Monitoring Water Efficiency

In this edition, major news outlets come at a new Organization for Economic Cooperation and Development report from a few different angles. Bloomberg, for its part, dives into some statistics that carbon market proponents will find interesting. The cost of reducing one metric ton of carbon dioxide in the power industry using emissions trading systems is 10 euros ($13.56) on average, compared with 169 euros for feed-in tariffs, the OECD says of the data it collected from 15 countries (including the U.S. and China) and reported by Bloomberg. The BBC and Reuters, among others, also cover the report, in our Leads section.

Quote of the Day:

“Unlike the financial crisis, we do not have a ‘climate bailout option’ up our sleeves. And despite all the attention given to climate change deniers, our understanding of the scale of the risk is much better developed than our understanding of the financial risks, pre-crisis.”

–OECD head Angel Gurria in BBC’s “OECD: ‘No bailout’ for climate threat”

Lead Stories

Carbon Markets 94% Cheaper Than Renewable Support, OECD Says
Bloomberg
Carbon markets are about 94 percent cheaper at cutting greenhouse gases than renewable subsidies paid to power producers, according to the Organization for Economic Cooperation and Development.
http://jlne.ws/19lx9LD

OECD: ‘No bailout’ for climate threat
BBC
Governments forced to rescue the world’s banking system are being warned there will be no bailout if there is a crisis in the Earth’s climate system.
http://jlne.ws/19lDwyy

World must eliminate fossil fuel emissions, OECD chief says
Reuters
The world must eliminate emissions from burning fossil fuels in the second half of this century to lower the economic cost of climate change, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday.
http://jlne.ws/GNYT1p

Countries should make carbon pricing the cornerstone of climate policy, says OECD
Nanowerk News
Credible and consistent carbon pricing must be the cornerstone of government actions to tackle climate change, according to a new OECD report.
http://jlne.ws/1fkaQdp

EU on track for climate targets
AFP
The European Union is on track to meet its 2020 targets for reducing carbon emissions and switching to cleaner energy sources, its environmental watchdog said on Wednesday.
http://jlne.ws/1c1oSgh

EU May Allow Aid to Energy-Intensive Firms Defended by Merkel
Bloomberg
The European Union is considering allowing governments to help industries with high energy bills after German Chancellor Angela Merkel vowed to defend the country’s aid program for big power users.
http://jlne.ws/17opxTH

International REDD Faces Uphill Battle in California in 2014
Ecosystem Marketplace
California’s cap-and-trade program has been seen as a beacon of hope by those who support the inclusion of projects that save endangered forest and reduce emissions from deforestation and forest degradation (REDD). As the program moves forward, it is delivering on its promise to include forestry offsets from domestic projects, but it’s not clear it will be able to offer international offsets of any kind, let alone REDD.
http://jlne.ws/1e9HqM2

Events

Climate Strategies Forum
Association of Climate Change Officers
October 14-17
Washington, D.C.
http://jlne.ws/14cGFtN

Verge: Where Tech Meets Sustainability
October 14-17
San Francisco, California
http://jlne.ws/1bAKXT4

FT Global Shale Energy Summit
October 21
London
http://jlne.ws/1cemi7d

Solar Power International
October 21-24
Chicago
http://jlne.ws/184e0wa

Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
climateleadershipconference.org/

Carbon

Emissions from cement industry rise 18 percent
The Irish Times
Carbon emissions from the cement industry rose rose 18 percent in 2012 according to a report published today from the Environmental Protection Agency.
http://jlne.ws/1g0J4nF

Coalition firm on carbon tax plans
AAP
The Abbott government has rejected suggestions it could be forced to pay companies more than $2 billion if it presses ahead with scrapping the carbon price before 2015.
http://jlne.ws/15oSzWH

Natural Gas/Coal/Alternative Fuels

Shale Drillers Offered Water Cheaper Than U.K. Residents
Bloomberg
Britain’s water utilities, which coped with at least three separate periods of drought in the last decade, are ready to offer discounts for drillers needing supplies for fracking oil and natural gas wells.
http://jlne.ws/GNVksa
**repeats in Water

China Tries to Boost Domestic Oil Output
The Wall Street Journal
China’s primary offshore oil company on Tuesday invited foreign companies to bid on an unprecedented number of deep-water blocks off Chinese shores as the country attempts to firm up domestic oil output, which has grown slowly over the past decade even as China’s energy demand has surged.
http://jlne.ws/17otg3I

U.S. Refiners Export More Fuel Than Ever
The Wall Street Journal
U.S. refiners are selling more fuel abroad than ever before, effectively exporting the American energy boom to the four corners of the world.
http://jlne.ws/17gy1xh

Commentary: A ‘frack’ in the bridge from coal to gas
Climate Spectator/Conversation
With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to readin the Financial Times outgoing Shell chief executive Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the company”.
http://jlne.ws/18QccHz

Power

Gamesa to Supply Iberdrola Wind Farm in Texas With 202 Megawatts
Bloomberg
Gamesa Corp. Tecnologica SA (GAM), Spain’s largest wind-turbine maker, will supply 202 megawatts of equipment to Iberdrola SA (IBE) for a wind farm in South Texas.
http://jlne.ws/1e9BOkT

Simran Wind Halts India Expansion, Says Subsidy Too Late
Bloomberg
Simran Wind Project Pvt., an Indian wind farm developer backed by the International Finance Corp., halted plans to expand this financial year, saying government subsidies arrived too late.
http://jlne.ws/1ablig5

Water

Shale Drillers Offered Water Cheaper Than U.K. Residents
Bloomberg
Britain’s water utilities, which coped with at least three separate periods of drought in the last decade, are ready to offer discounts for drillers needing supplies for fracking oil and natural gas wells.
http://jlne.ws/GNVksa
**repeats in Natural Gas

India to Set Up Agency for Monitoring Water Efficiency
Bloomberg
India, where water availability per person has shrunk by 70 percent in six decades, will set up a monitoring agency for government, industry and private users to help meet its target of cutting leaks and waste by a fifth.
http://jlne.ws/GNVtMj

Delhi Jal to Spend $646 Million to Modernize India Water
Bloomberg
Delhi Jal Board, the main water supplier for India’s capital, plans to spend 40 billion rupees ($646 million) modernizing New Delhi’s treatment and distribution infrastructure, Chairman Debashree Mukherjee said.
http://jlne.ws/19iqWhB

Saudi Arabia Approves $132 Million of Water, Sewage Works
Bloomberg
Saudi Arabia, the biggest oil producer, approved $132 million of water and sanitation projects across the kingdom, state-owned Saudi Press Agency said, citing Minister of Water and Electricity Abdullah Al-Hussayen.
http://jlne.ws/15oHqp1

Reports

Global 500 Climate Change Report 2013 (Posted September 12, 2013)
CDP
http://jlne.ws/16mBo8p

The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
http://jlne.ws/14Bk1k2

Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
http://jlne.ws/19LKChs

U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy
http://jlne.ws/12z1YK5

Turn down the heat: climate extremes, regional impacts, and the case for resilience (Posted June 19, 2013)
World Bank
http://jlne.ws/14KrLza

Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)
IEA
http://jlne.ws/12Bpk41

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace
http://jlne.ws/12Cyi0X

View all reports >

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About Author

Koning Beals is a contributing editor to JLN Environmental/Energy.