Focus will turn to next week’s meeting of global airline industry decision-makers and any developments on emissions. Bloomberg has a preview. Meanwhile, U.K. officials urge lawmakers to delay imposing emissions targets, insisting pending legislation will get the job done.

Quote of the Day:

“The energy bill will lead to a massive decarbonization of the power sector by 2030, and will enable the U.K. to cut its economy-wide emissions by 50 percent by 2030.”

–U.K. Energy Secretary Ed Davey in Bloomberg’s “U.K. Says Energy Law to Bring ‘Massive’ Cut in Pollution”

Lead Stories

IATA May Propose Carbon-Cut Strategy Next Week, EU Says
The International Air Transport Association may propose measures to cut emissions from airlines, a step that could help a global deal on tackling pollution by the industry, a senior European Union official said.
**RKB — The importance of IATA’s proposal could be that for the first time we could see a sectoral agreement kicked off by an initiative from industry, that then has to be encapsulated by regulators, says the EC’s Delbeke.

EU may link carbon fix to economy’s revival
WA Today
The European Union’s regulator is considering tools to link the supply of carbon permits with the bloc’s economic performance, according to Jos Delbeke, director general for climate at the European Commission.

U.K. Says Energy Law to Bring ‘Massive’ Cut in Pollution
Energy Secretary Ed Davey urged lawmakers to back away from immediately imposing targets for carbon emission from U.K. power plants, saying legislation being considered now will make a “massive” reduction.

COLUMN-UK climate act limits energy choices: Gerard Wynn
British policymakers are finding out just how far a climate act passed in 2008 has tied their hands on broad-brush energy policy for the next four decades.

Japan pledges $32 billion aid for Africa to boost investment
Japan pledged African leaders a $32 billion in public and private support on Saturday to help growth on the continent and encourage Japanese firms to invest there over the next five years.
**RKB — From the article: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) will also provide financial support worth $2 billion in the next five years to help Japanese firms’ natural resource development projects, aiming to catch up with China.

Desertec abandons Sahara solar power export dream
The Desertec Industrial Initiative (Dii) has abandoned its strategy to export solar power generated from the Sahara to Europe, killing hopes of boosting the continent’s share of renewable electricity with cheap external supplies.

Maine Plans to Install First U.S. Offshore Wind Turbine
The University of Maine and partners including Iberdrola SA (IBE) and Xinjiang Goldwind Science & Technology Co. plan to launch the first U.S. offshore wind turbine today in a pilot project that will help design a $96 million, 12-megawatt floating power system.

Commentary: Corporate sustainability is not sustainable
Green initiatives are ubiquitous these days, implemented with zeal at companies like Dupont, IBM, Walmart, and Walt Disney. The programs being rolled out — lighting retrofits, zero-waste factories, and car-pool incentives — save money and provide a green glow. Most large companies are working to reduce energy use and waste, and many have integrated sustainability into strategic planning. What’s not to like?


Waste Conversion Congress East Coast
Boston, Massachusetts
June 17-18

2013 Rising Seas Summit
Association of Climate Change Officers
Fort Lauderdale, Florida
June 18-20

New York Energy Week
New York, NY
June 24 -28

Converge Paris
Sustainable Energy Tech Conference
Paris, France
June 24-28


EU auctions 3.462 mln spot carbon permits at 3.65 eur/t each
The European Union sold 3.462 million spot EU carbon permits from the third phase (2013-2020) of its emissions trading scheme on EEX at 3.65 euros ($4.73) a tonne each on Thursday, traders said.

UAE investors of carbon credits struggle to find buyers
The National
DUBAI // Investors have been advised to be wary of dealing in carbon credits after a local company experienced difficulty reselling them.

Natural Gas/Coal

OPEC Keeps Oil Pace
The Wall Street Journal
The Organization of the Petroleum Exporting Countries Friday kept its oil-production ceiling at 30 million barrels a day in a widely expected move that members described as an easy decision.
**RKB — From the article: OPEC ministers in an open session before their meeting in Vienna almost universally dismissed the notion that growing U.S. shale oil production threatened to reduce their oil revenues, but behind closed doors the countries suffering the worst effects of the American boom pressed the group to address the problem, said people present.

Greece helps Gazprom to buy its gas firm
Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way for Russian energy giant Gazprom to bid for the firm, a senior official directly involved in the sale talks said on 25 May.


Centrica Sells 50% Share in Scottish Wind Farm to Hermes GPE
Centrica Plc (CNA), the U.K.’s largest household energy supplier, agreed to sell its 50 percent share in a Scottish wind farm to a fund managed by private equity company Hermes GPE LLP for 59 million pounds ($89.4 million).

U.K. Plans to Boost Renewable Heat Tariff, Cut Some for Biomass
The U.K. government proposed increasing payments made to commercial premises that generate heat from renewable sources, while cutting tariffs for medium-sized biomass boilers.

LDK Solar May Miss Payment After Scrapping Silicon IPO
LDK Solar Co. (LDK), the second-most indebted solar manufacturer, won’t be able to pull off a deal needed to cover a loan due to Chinese lenders next week.

Tata Power Likely to Cut Expansion Target
The Wall Street Journal
NEW DELHI—Tata Power Co. is likely to go slow on new projects because of uncertainties in India’s power sector over policies on land acquisition to electricity tariff, a top executive at the country’s largest nonstate electricity producer said.

South Koreans Told to Save Energy This Summer
The Wall Street Journal
South Korea announced a series of energy-saving measures Friday in an effort to avert power disruptions this summer in the wake of shutdowns at two of its nuclear reactors this week over safety violations.


Robert Kennedy Jr and a free market manifesto for clean tech
Busines Green (Subscription content)
For Robert F. Kennedy Jr giving fossil fuel firms freedom to pollute is a far greater distortion of market principles than any of the subsidies granted to clean energy


Nestle Expands Zimbabwe Water Storage Five-Fold: Gazette
Financial Gazette via Bloomberg report
Nestle SA (NESN)’s Zimbabwe unit will increase its water-storage capacity five-fold this year, the Harare-based Financial Gazette said, citing company spokesman Farai Munetsi.


Mapping carbon pricing initiatives: developments and prospects (Posted May 30, 2013)
World Bank

Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change

Clearing the Air: Reducing Upstream Greenhouse Gas Emissions from U.S. Natural Gas Systems (Posted April 8, 2013)
World Resources Institute

The State of Green Business 2013 (Posted February 12, 2013)

Can the US Get There from Here? (Posted February 6, 2013)

The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)

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