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“As more new potential lenders enter the market, we expect some of the super contango that is now present along the curve to begin to be unwound.”

Barclays’ Trevor Sikorski in Bloomberg’s “Hedge Funds Seeking 15% Returns May Try CO2 Market, DIW Says”

Lead Stories

A Look at the Links Between Water, Food Security, and Ecosystems
Ecosystem Marketplace
Nine billion people are expected on Earth by 2050. That’s an extra two billion mouths to feed, or the equivalent of another Africa, North America, and Europe appearing on the planet. Pressure will intensify on agricultural lands and in turn on water resources, since water is a major constraint on the amount of food that a society can produce.
http://jlne.ws/GPg53U

U.S. Intelligence Says Water Shortages Threaten Stability
Bloomberg
Competition for increasingly scarce water in the next decade will fuel instability in regions such as South Asia and the Middle East that are important to U.S. national security, according to a U.S. intelligence report.
http://jlne.ws/GHOu5a

A Clash Over Mining and Water
The New York Times
A plan to dig a vast copper mine in arid southern Arizona is pitting the needs of American industry — and arguably the national economy — against a coalition of local residents and environmentalists.
http://jlne.ws/GIRtbU

Groundwater Crisis Unfolds in Times Square
The New York Times
To mark World Water Day, digital animations conveying the gravity of global declines in groundwater just went on display on two billboards in Times Square. The animations, based on satellite data provided by NASA and the University of California, Irvine, and statistics from the United States Geological Survey, will be shown several times each hour through April 22.
http://jlne.ws/GNqDgf

U.S. Inches Toward Goal of Energy Independence
The New York Times
The desolate stretch of West Texas desert known as the Permian Basin is still the lonely domain of scurrying roadrunners by day and howling coyotes by night. But the roar of scores of new oil rigs and the distinctive acrid fumes of drilling equipment are unmistakable signs that crude is gushing again.
http://jlne.ws/GNpYLw

Bill to amend, repeal RGGI goes to House
Seacoast Online
A bill that would change and eventually repeal the state’s involvement in the Regional Greenhouse Gas Initiative squeaked by a House committee Tuesday and is on its way to the full House.
http://jlne.ws/GIOzjm

Hedge Funds Seeking 15% Returns May Try CO2 Market, DIW Says

Bloomberg
Hedge funds seeking annual returns on investments of 15 percent may enter the European Union carbon market after prices plunged 59 percent in the past year, according to DIW Berlin.
http://jlne.ws/GPaYR8

EU Commission in ‘Difficult Position’ on Carbon Credits Plans

Bloomberg
The European Commission has created a “difficult position” for itself by insisting that aviation be included from this year in its carbon curbs program, the head of the International Air Transport Association said.
http://jlne.ws/GQM9zJ

EIB says to sell CO2 permits on exchanges soon

Reuters
The European Investment Bank (EIB) said on Thursday it will start selling European Union carbon permits via exchanges in coming days, having become a member of the European Energy Exchange (EEX) and ICE Futures Europe (ICE.N).
http://jlne.ws/GGUTu1

India joins China in boycott of EU carbon scheme

Reuters
India joined China in asking its airlines to boycott the European Union’s carbon scheme on Thursday, confirming what a senior Indian government source previously told Reuters and stoking a diplomatic row over the issue.
http://jlne.ws/GIO4pr

China to Restrict Coal Demand, Output to 3.9 Billion Tons
Bloomberg
China, the world’s biggest user and producer of coal, will limit domestic output and consumption of the commodity in the five years through 2015 to reduce pollution and curb reliance on the fuel.
http://jlne.ws/GILYpI

Carbon Plan Could Pay Off for Airlines
The New York Times
Emirates, an airline based in wealthy Dubai, has been among the outspoken opponents of a system making airlines account for their pollution on all flights using E.U. airports.
http://jlne.ws/GGW7G6

Find a way to tax carbon, panel says
MarketWatch
The idea of cap-and-trade may be dead, but levying a carbon tax of some type should still be on the table, a panel of innovators and inventors said Wednesday.
http://jlne.ws/GTqBFn

US

At Oklahoma oil hub, Obama pledges to speed part of pipeline
Reuters
Standing in front of a row of pipes, President Barack Obama pledged on Thursday to accelerate approval for part of the Keystone XL pipeline, seeking to deflect criticism that his rejection of the full project helped create a climate for high gasoline prices.
http://jlne.ws/GIK3l4

Obama Mounts Defense of Energy Plan With Pipeline at Center
Bloomberg
President Barack Obama is defending his energy policies amid criticism from Republicans by highlighting projects designed to increase U.S. supplies, including a pipeline that is part of TransCanada Corp. (TRP)’s Keystone XL.
http://jlne.ws/GI25Vs

Enbridge buys 50-MW project from First Solar

Reuters
Enbridge Inc said it bought a 50-megawatt project in Nevada from First Solar Inc for undisclosed terms, marking the Canadian company’s entry into the U.S. solar energy market.
http://jlne.ws/GPCQ5b
**repeats in Canada

Canada

Ontario cuts green power rates, commits to targets
Reuters
Ontario’s renewable energy sector breathed a sigh of relief on Thursday as the province announced rate reductions for solar and wind power that were more modest than some had feared and it repeated its commitment to renewable power targets.
http://jlne.ws/GGSrUY

Ontario Cuts Solar, Wind Power Subsidies in Review
Bloomberg
The government of Ontario said today that it will reduce premium rates for solar and wind power in a two-year review of a program with 4.6 gigawatts of contracts.
http://jlne.ws/GGTu6z

CHRONOLOGY-Ontario’s green energy plan
Reuters
Ontario’s renewable energy sector breathed a sigh of relief on Thursday as the province announced rate reductions for solar and wind power that were more modest than some had feared and it repeated its commitment to renewable power targets.
http://jlne.ws/GHXVAk

Enbridge buys 50-MW project from First Solar

Reuters
Enbridge Inc said it bought a 50-megawatt project in Nevada from First Solar Inc for undisclosed terms, marking the Canadian company’s entry into the U.S. solar energy market.
http://jlne.ws/GPCQ5b
**repeats in US

Ward 10 carbon

WWFD Weekly
Ald. Andre Chabot is determined to turn his ward into a carbon credit zone. Originally suggested by Alison Karim-McSwiney of the International Avenue Business Revitalization Zone (BRZ) and headed by Chabot, implementation of a carbon credit zone aims to provide incentives for businesses in Ward 10 to lower greenhouse gas (GHG) emissions.
http://jlne.ws/GGV5JC

Europe

Scotland to launch 103 mln stg fund for renewables
Reuters
The Scottish government plans to launch a 103 million pound ($163.2 million) investment fund to support renewable energy development in Scotland.
http://jlne.ws/GOjShF

EON to Build $105 Million Polish Wind Farm to Power 40,000 Homes
Bloomberg
EON AG (EON), Germany’s largest utility, will build an 80 million-euro ($105 million) wind farm in Poland to generate enough power for 40,000 homes a year.
http://jlne.ws/GOEV2y

Asia

Trina Considering U.S. Factory to Increase Solar Market Share
Bloomberg
Trina Solar Ltd. (TSL), China’s third- biggest maker of solar panels, may build a U.S. factory to increase its market share as President Barack Obama’s administration imposes tariffs on solar equipment imported from China.
http://jlne.ws/GGThAz

Self-sufficient ranches, farms to be built
Korea Times
A new concept of ranches in order to diversify the government’s cash revenue as well as procure energy and fertilizer independently using an eco-friendly method is in the works.
http://jlne.ws/GI1BSA

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