Summary

In today’s edition, learn how 21 countries reduced their carbon emissions while growing their GDP. Also, a group of nine banks, investors and public sector lenders have committed $8bn to a collaboration that they say will help them bypass their usual constraints so they can address some of the world’s toughest sustainable development issues. Finally, in the Carbon section, Thailand confirms its plans to develop a national carbon market. 

Quote of the day

“This is trying to make sure that we’re trying to address stuff that we can’t normally do.”

Purna Saggurti, chairman of global corporate & investment banking at BofA, in the Financial Times’ story Banks and investors commit $8bn to low carbon initiative 

Lead stories

21 Countries That Reduced Carbon Emissions While Growing Their GDP 
By Nate Aden – World Resources Institute  
As countries embark on the transition to a new climate economy, there’s a debate about whether growth can drive or even coexist with, climate stabilization. 
http://bit.ly/1quNUAo

Banks and investors commit $8bn to low carbon initiative 
By Laura Noonan – Financial Times  
A group of nine banks, investors and public sector lenders have committed $8bn to a collaboration that they say will help them bypass their usual constraints so they can address some of the world’s toughest sustainable development issues. 
http://on.ft.com/1qsZBbo 

Carbon taxes pave way for economic prosperity, says report 
By Charles Mandel – National Observer  
Canadian provinces that introduce carbon taxes will reap enormous economic windfalls that will enable them to lower taxes, improve crumbling infrastructure and more, according to a new report. 
http://bit.ly/1N9kSeo

7-Year-Old Files Climate Change Lawsuit with the Supreme Court of Pakistan 
EcoWatch
A 7-year-old girl, Rabab Ali, through her father and pro bono environmental attorney Qazi Ali Athar, and on behalf of all the Pakistani people, filed a climate change lawsuit Tuesday against the Federation of Pakistan and the Province of Sindh in the Supreme Court of Pakistan. 
http://bit.ly/22dfUnS 

Senate strikes deal on energy tax breaks in FAA bill 
By Melanie Zanona – The Hill 
Lawmakers have reached a deal on a package of renewable energy tax breaks that Democrats had pushed to include in a long-term reauthorization of the Federal Aviation Administration, clearing one of the bill’s major hurdles to passage. 
http://bit.ly/1quMIx1 

Events 

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 

Carbon 

Thailand confirms plans to develop national carbon market 
Carbon Pulse
Thailand will start the process of developing the foundations for a national carbon price using World Bank funds, a climate official said, a process which will culminate in a mandatory emissions trading scheme. 
http://bit.ly/1PUI5AX

Farmland Could Help Combat Climate Change
By Bobby Magill – Climate Central
The earth’s soil stores a lot of carbon from the atmosphere, and managing it with the climate in mind may be an important part of reducing greenhouse gas emissions to curb global warming, according to a paper published Wednesday in the journal Nature. 
http://bit.ly/1RENNfW  

(Australia’s) Electricity emissions surge by 5.5% since removal of carbon price 
By Lenore Taylor – The Guardian 
Australia’s emissions from electricity generation continue to rise and are now 5.5% higher than when the carbon price was repealed, new data reveals. 
http://bit.ly/1SQO0f6 

Natural gas /coal

How Obama’s reforms of federal coal leasing could cut carbon pollution  
By David Roberts – Vox 
In January, Interior Secretary Sally Jewell called for an immediate moratorium on new federal leases for private developers to exploit coal so that the program could undergo its first top-to-bottom review in 30 years. 
http://bit.ly/1qsYV5D 

Israel to Import Natural Gas for Less than Its Own Field’s Rates 
Jewish Press  
The Israel Electric Company last month signed a contract with British Petroleum to import three super-containers of liquid natural gas (LNG). 
http://bit.ly/1RYwJR5

China targets 13% rise in natural gas, 7% fall in crude output for 2016 
Platts 
China is aiming boost natural gas output by 13.26% in 2016 and has set a lower production target for crude oil in a bid to raise the share of natural gas in the country’s energy mix to 6.3%, a working guideline released by the National Energy Administration last Friday showed. 
http://bit.ly/1UJ5Gwt

Power

Wind and Solar Are Crushing Fossil Fuels 
By Tom Randall – Bloomberg News 
Wind and solar have grown seemingly unstoppable. While two years of crashing prices for oil, natural gas, and coal triggered dramatic downsizing in those industries, renewables have been thriving.  
http://bloom.bg/25LMH8j  
***LB: Also in this story “Clean energy investment broke new records in 2015 and is now seeing twice as much global funding as fossil fuels.”

Varentec’s Power Electronics to Tame Hawaii’s Solar-Rich Distribution Grid 
By Jeff St. John – GreenTech Media 
Hawaiian Electric Co. is assessing a wide variety of technologies to help manage the challenges that come with a lot of rooftop solar on the edges of its grid — from demand response and energy storage, to smart inverters and grid-edge power electronics. 
http://bit.ly/1N9m1Tr

Clean tech

Tesla loses latest battle with Ecotricity 
By Adam Vaughan – The Guardian
Tesla, the US electric car and battery maker, has lost the latest round of a long-running spat with UK energy company Ecotricity. 
http://bit.ly/1SB6mOr

Water

Michigan governor faces racketeering lawsuit over Flint water crisis 
By Ryan Felton – The Guardian
A federal racketeering lawsuit by hundreds of resident in Flint, Michigan, is alleging the city’s two-year water crisis was the result of an“intentional scheme” crafted by state officials and Michigan’s governor, Rick Snyder, to balance the city’s budget. 
http://bit.ly/1quMQwv 

Millions of people in Bangladesh still drinking arsenic-laced water 
By John Vidal – The Guardian
Nearly 20 million Bangladeshis are still drinking water poisoned with high levels of arsenic despite millions of wells being tested and hundreds of thousands of safe ones having been bored to avert a major health crisis, a new report has suggested. 
http://bit.ly/1Sd0Scc

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