The Age covers Australian carbon markets and the global price on emissions trading. In North America, natural gas prices, coal and Keystone remain hot political buttons. The global solar tariff battle moves into the next round, with China lobbing back its complaint.

Quote of the Day:

“A three year fixed price period is an appropriate one because it does provide business with some certainty about the pricing over the course of the next few years, it allows people to get used to the carbon price in the economy and people to have certainty about their investment decisions.”

-Australian Climate Change Minister Greg Combet in The Australian’s “Combet upbeat on carbon markets”

Lead Stories

Climate Action Reserve Becomes First Registry to Begin Accepting Compliance Offset Projects for California’s Cap-and-Trade Program
Press Release – Climate Action Reserve
The Climate Action Reserve, the nation’s premier carbon offset registry, has become the first registry to accept submissions for greenhouse gas (GHG) emissions reduction projects under California’s cap-and-trade protocols while it undergoes the application process to become a California Air Resources Board (ARB) accredited offset project registry. Project owners and developers may submit project documents to the Reserve to get a head start in obtaining review of project documents, ensure their adherence to ARB’s adopted offset protocols and list the projects in the Reserve’s registry.
http://jlne.ws/JdnuIf 

Should the US ‘Cap-and-Trade’ Our Water Sources?
Live Science
Every year, users of the Lake Mead reservoir are consuming more water than flows into the lake from its source, the Colorado River. Lake Mead is the largest water reservoir in the United States, but this water consumption threatens the water supply for agriculture and households.
http://jlne.ws/M8jTNq

Combet upbeat on carbon markets
The Australian
Despite several analysts including Bloomberg New Energy Finance believing the international market as defined by the United Nations Clean Development Mechanism will remain depressed to 2020.
http://jlne.ws/KDLHeF 

The price is right?
The Age
Is Australia’s carbon price too high compared with other major countries, or will it be all right in the end? IT STARTED as just one assertion among many in the most rancorous political debate of recent times. Then at some point it became an assumed wisdom. Stated as fact by host Tony Jones on the ABC’s Q&A last week, it went something like this: Australia will soon have a “very high” carbon price that is “way out of kilter with the rest of the world”.
http://jlne.ws/JuzRm0

 

Carbon trading has a pivotal role in European energy policy
EurActiv
In order to re-establish confidence in Europe’s power sector as an actor in the European quest to cut carbon emissions, a few conditions need to be met. These include concrete intermediate reduction targets and an emissions trading scheme capable of delivering a clear CO2 price signal, writes Giuseppe Montesano.
http://jlne.ws/JgWStp

With Natural Gas Plentiful and Cheap, Carbon Capture Projects Stumble
The New York Times
A federal proposal to ban the construction of coal-fired power plants that release all of their carbon dioxide into the atmosphere would seem to smooth the way for carbon capture, a budding technology that traps the greenhouse gas for storage or other uses.
http://jlne.ws/K3e7NU

Davey: Green policies will more than halve impact of oil and gas spikes
Business Green
The UK’s climate change policies could more than halve the impact of spikes in global oil, gas, and coal prices by the middle of the century, researchers said today.
http://jlne.ws/LjBZJA

Davey: Climate change policies could halve negative impacts of energy price shocks
DECC Press Release
The negative impact that spikes in global oil, gas and coal prices have on the UK could be reduced by over 50% in 2050 as a result of climate change policies, Edward Davey said today.
http://jlne.ws/My3xQR

THE REPORT:
Fossil fuel price shocks and a low carbon economy
Oxford/DECC
http://jlne.ws/JgVKG9

Analysis: Germany’s Merkel losing green battle to cheap coal
Reuters
To reach its strict climate targets and fulfill Chancellor Angela Merkel’s nuclear exit plans, Germany needs to avoid coal and build a stack of gas power plants to secure clean energy supplies beyond 2020.
http://jlne.ws/JgR2Z1

Shell re-enters coal with swaps trading
Reuters
Shell International Trading and Shipping Company Ltd this month resumed trading in coal derivatives more than a decade after parent Royal Dutch Shell exited the coal business and sold its mines, sources close to the company said.
http://jlne.ws/J71ayK

House GOP, Romney take aim at Obama’s stance on coal industry
The Hill’s E2 Wire
Republicans have declared war on what they call President Obama’s “war on coal.”
http://jlne.ws/JIldrc

Natural gas prices drop on rising supplies
AP
Natural gas is no longer at decade lows, but the price remains sensitive to reports of any significant increase in supply.The price dropped Thursday as the government said supplies continue to build, at a time when mild weather is dimming demand in parts of the country.
http://jlne.ws/MxXdZA

Analysis: New facilities spotlight next-generation biofuels
Reuters
After a decade of promise, advanced biofuels makers are entering a crucial make-or-break period with the first of a new generation of production facilities about to come on line.
http://jlne.ws/KovTJc

Lack of cash threatens UN climate talks schedule
Reuters Point Carbon
A lack of funding may mean nations could have less time to discuss the foundations of a new global climate deal and an extension to the Kyoto Protocol in the months ahead of high level discussions in Qatar at the end of 2012, the U.N.’s climate chief told Reuters Point Carbon.
http://jlne.ws/JIy92a

China Warns Solar-Panel Tariff May Backfire
Wall Street Journal
China unleashed a storm of protest Friday on multiple fronts against the U.S. decision to impose a 31% antidumping tariff on Chinese solar-panel makers and said the action could backfire on U.S. industries.
http://jlne.ws/Jq8Pyh
**RKB – More Chinese solar trade coverage in Asia

COLUMN-Rising costs argue against new nuclear: Gerard Wynn
Reuters
The costs of nuclear power are rising in developed countries, where fossil fuel and renewable energy prices are stable or falling, suggesting present proposals for a major programme of new investment are ill-advised.
http://jlne.ws/JvqQdw

Saudi Oil Output Passes Russia, First Time in 6 Years
Wall Street Journal
Oil production in Saudi Arabia, the world’s largest crude exporter, rose to 9.923 million barrels a day in March, from 9.853 million barrels a day in February, overtaking Russia as the world’s largest producer for the first time in six years, official data showed Sunday according to Zawya Dow Jones.
http://jlne.ws/KoCof1

Climate research has a ring of truth
The Age
VISITING the giant kauri trees of Northland, on New Zealand’s north-west coast, is like stepping back in time. Ancient conifer pines that over centuries have escaped damage from fire and forestry, the surviving kauris are up to 50 metres tall and five metres across – as wide as a 12-seater mini-bus is long.
http://jlne.ws/KDQhtn

US

ILG Energy Helps in New Green Energy Initiatives
Press Release
New energy-saving, “green” technology, developed in Kenya, has won the praise of many environmentalists, as well as energy companies such as ILG Energy.
http://jlne.ws/JIqKjt
**repeats in Africa

Media Matters, Sen. Coons dismiss Solyndra as distraction in clean-energy fight
The Daily Caller
The liberal advocacy group Media Matters for America and Delaware Democratic Sen. Chris Coons teamed up Thursday to urge reporters to ignore the Solyndra scandal.
http://jlne.ws/Koum5U

Sempra, BP to build Hawaii wind farm
Reuters
Sempra Energy and BP Plc said they will jointly build a 21 megawatt wind farm in Hawaii this year.
http://jlne.ws/L8Qzqz

HP debuts EcoPod green datacentre
Business Green
HP has deployed its first EcoPod container-based datacentre. The company installed the ultra-compact datacentre platform at its facility in Alpharetta, Georgia. The 40-foot container houses some 2,000 HP ProLiant and Integrity server modules, as well as cooling and management tools.
http://jlne.ws/K0EiDl

Energy secretary uses ‘The Avengers’ movie to tout clean-energy agenda
The Hill’s E2 Wire
Energy Secretary Steven Chu has been trying to get people to care about renewable energy for years. But the Nobel laureate pulled out all the stops Friday on his Facebook page.
http://jlne.ws/JdDWbn

House, with fewer Democrats, affirms support for Keystone in highway bill
The Hill’s E2 Wire
The House went on record Friday to insist that lawmakers negotiating a bicameral transportation programs funding bill include approval of the Keystone XL oil sands pipeline.
http://jlne.ws/KzvoeI
**repeats in Canada

Romney ad touts ‘Day One’ support for Keystone pipeline
The Hill’s E2 Wire
Mitt Romney is using his first TV ad of the general election to remind voters that he really, really supports the Keystone XL oil sands pipeline. The Republican’s ad, which was released Friday and will run in several swing states, declares that approving the Alberta-to-Texas pipeline would be among his “Day One” actions if he is elected.
http://jlne.ws/LrxUZX
**repeats in Canada

Canada

House, with fewer Democrats, affirms support for Keystone in highway bill
The Hill’s E2 Wire
The House went on record Friday to insist that lawmakers negotiating a bicameral transportation programs funding bill include approval of the Keystone XL oil sands pipeline.
http://jlne.ws/KzvoeI
**repeats in US

Romney ad touts ‘Day One’ support for Keystone pipeline
The Hill’s E2 Wire
Mitt Romney is using his first TV ad of the general election to remind voters that he really, really supports the Keystone XL oil sands pipeline. The Republican’s ad, which was released Friday and will run in several swing states, declares that approving the Alberta-to-Texas pipeline would be among his “Day One” actions if he is elected.
http://jlne.ws/LrxUZX
**repeats in US

Mulcair stands behind contentious oilsands view

CTv
Opposition leader Thomas Mulcair is firing back at the assertion that his views on the oilsands are divisive and offensive to western Canada, accusing the Conservatives of misrepresenting his stance on resource development.
http://jlne.ws/K1rigE

Tim Harper: Tom Mulcair will not move, but Conservatives define oilsands debate
Toronto Star
The Conservatives like to call it “poking the bear.” But the big question on the federal political landscape right now is how the bear, so far unwilling to move no matter how many times the stick is stuck in his ribs, will ultimately respond.
http://jlne.ws/JJ3ylk

 

Europe

EBRD to invest 6.5bln euros in sustainable energy
Reuters
The European Bank for Reconstruction and Development plans to invest up to 6.5 billion euros ($8.26 billion) in sustainable energy projects in the next three years, to deliver a significant cut in carbon emissions, it said on Friday.
http://jlne.ws/JIsN7h

Denmark aims low with green energy policy
Reuters
Over a beer or two, Danes like to tell a story that goes like this: One night the energy ministers of the countries around the North Sea got together to divide up its oil and gas wealth. The Danish minister got very drunk, but the Norwegian managed to stay sober. As a result, Norway carved out a jagged shape that included Ekofisk, which has proved to be a major field, and Denmark was left with the dregs.
http://jlne.ws/KDEriO

Repsol Cancels Argentine LNG Shipments
Wall Street Journal
Repsol YPF SA REP.MC +2.63% said Friday it canceled 10 shipments of liquefied natural gas to Argentina scheduled for 2012, accusing the buyer, an Argentine state-run company, of not honoring the contract.
http://jlne.ws/K4MS4p
**repeats in Europe

Asia

China slams US decision to beef up solar import tariffs
Business Green
A US decision to impose further tariffs on solar panel imports from China has come under fire from Beijing, with officials accusing the Obama administration of taking protectionist steps that will damage both US firms and the global solar industry.
http://jlne.ws/KziBcn

Solarworld to Lodge China Dumping Complaint in Europe Mid-Year
Bloomberg
Solarworld AG (SWV), Germany’s biggest solar-panel maker, will bring an antidumping complaint against Chinese rivals in Europe by mid-year after action in the U.S. led to duties being imposed on imports from the Asian country.
http://jlne.ws/Jq6UcQ

Trading places?
China Dialogue
Europe’s emissions trading scheme is no longer the only game in town. A new report considers the challenge posed by China’s carbon market pilots, writes Rob Elsworth.
http://jlne.ws/L9qMvE

Chinese airlines unmoved on EU ETS opposition: paper
Reuters Point Carbon
Chinese airlines confirmed Friday that they still support their government’s opposition to an EU law capping CO2 emissions from international flights, Chinese media reported, reigniting concerns of a potential trade war.
http://jlne.ws/M8hxhs

ADB sells $339 million ‘clean energy’ bonds
AFP
The Asian Development Bank said Wednesday it had sold $339 million worth of bonds to help fund investment in more environmentally-friendly power projects in the region.
http://jlne.ws/K3byeL

Suzlon Expects to Raise $300 Million to Pay Bondholders
Bloomberg
Suzlon Energy Ltd. (SUEL) expects to raise as much as $300 million by next month in time to pay bondholders, quelling concerns that India’s biggest wind-turbine maker may be headed for default.
http://jlne.ws/KSISVO

Japan’s Domestic Solar Equipment Shipments Surge 38% in Jan-Mar
Bloomberg
Japan’s domestic shipments of solar cells and modules surged 38 percent to 392 megawatts in the first three months of this year, the Japan Photovoltaic Energy Association said today.
http://jlne.ws/JvtAre

Africa/Middle East

ILG Energy Helps in New Green Energy Initiatives
Press Release
New energy-saving, “green” technology, developed in Kenya, has won the praise of many environmentalists, as well as energy companies such as ILG Energy.
http://jlne.ws/JIqKjt
**repeats in US

Swapping Out Charcoal With Ethanol
The New York Times Green blog
Africa used to boast nearly three million square miles of forest, only about one-third of which remain today. The principal culprit is charcoal production for cookstove fuel, which emits soot that leads to endemic health problems.
http://jlne.ws/KSMgA9

Latin America

Brazil’s Leader Faces Defining Decision on Bill Relaxing Protection of Forests
The New York Times
President Dilma Rousseff is facing one of the defining moments of her presidency as pressure builds on her to veto a bill that would open vast protected areas of forests to ranching and farming, potentially reversing Brazil’s major gains in slowing Amazon deforestation.
http://jlne.ws/J72PEk

Colombia To Boost Natural Gas Supplies To Venezuela – Official
Dow Jones
Colombia will increase natural gas shipments to Venezuela by some 50% later this year, Colombian Energy Minister Mauricio Cardenas said Friday.
http://jlne.ws/JIcXrr

Repsol Cancels Argentine LNG Shipments
Wall Street Journal
Repsol YPF SA REP.MC +2.63% said Friday it canceled 10 shipments of liquefied natural gas to Argentina scheduled for 2012, accusing the buyer, an Argentine state-run company, of not honoring the contract.
http://jlne.ws/K4MS4p
**repeats in Europe

Bunge’s Brazilian REDD project to earn 800,000 carbon credits
Reuters Point Carbon
Agribusiness giant Bunge expects its avoided deforestation project on private land in Brazil to be issued around 800,000 voluntary carbon credits by the second half of the year, the firm’s Brazil country manager said.
http://jlne.ws/K3gL6f

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