In this edition, split direction for renewables plans. In Japan, Abe’s Power Plan Lifts Renewables at Utilities Expense, reports Bloomberg. And, Spain Said to Be Poised to Cut Renewable Subsidies, says The Wall Street Journal. On the carbon front, In a first, Surat to run emission trading scheme, The Times of India reports. On a larger scale, EU Proposes Lowest Allowed Limit for Imported Carbon Credits, according to Bloomberg.

Quote of the Day:

On Japan’s Abe “His push to liberalize power markets is a bold attempt to increase competition and bring in new market players.”

–Nathaniel Bullard, an industry analyst at Bloomberg New Energy Finance in Hong Kong, in Bloomberg’s “Abe’s Power Plan Lifts Renewables at Utilities Expense”

Lead Stories

In a first, Surat to run emission trading scheme
The Times of India
SURAT: Industrial units of textile city Surat will become the first in India to run an emission trading scheme (ECS) locally.

Vietnam issues CO2 emission credits
The project monitoring report of Gold Standard organization showed that in the period from June 2010 to the end of 2012, the biogas program issued 510,952 emission credits, which meant that 510,952 tons of CO2 was reduced, thanks the project implementation in Vietnam. This is really an encouraging result for the 10-year implementation of the project.

EU Proposes Lowest Allowed Limit for Imported Carbon Credits
The European Union’s regulatory arm proposed to set the quota for international carbon credits at the lowest level allowed by law after imports aggravated a record glut of permits in the EU emissions-trading system.

Power Hedging at Five-Year High in Record Slump: Energy Markets
European utilities are hedging their future electricity output more than at any time in the past five years as the longest slump in prices shows no sign of ending.

Abe’s Power Plan Lifts Renewables at Utilities Expense
Shinzo Abe’s pledge to spur 30 trillion yen ($302 billion) of investment in Japan’s electricity industry opens the way for a surge in clean energy projects at the expense of traditional utilities.

Spain Said to Be Poised to Cut Renewable Subsidies
The Wall Street Journal
Spain is preparing to cut subsidies for renewable-energy production, a move that could drive struggling solar-energy companies into default at a time of deepening recession and boost loan losses for banks that financed their projects, according to people familiar with the plan.

EU Solar Duties on China May Sway India Dumping Probe
The European Union’s decision to impose provisional duties on Chinese solar panels this week may affect India’s anti-dumping investigation into solar cells, Mercom Capital Group LLC said.

Gold Standard Seeks Comments As It Expands Forest Carbon Palette
Ecosystem Marketplace
Reflecting its origins in the Kyoto Protocol’s Clean Development Mechanism and stewardship by the once-anti-forest-carbon WWF, the Gold Standard covers just one segment of the forest carbon spectrum – Afforestion/Reforestation (A/R). But it boosted its coverage with last year’s acquisition of the CarbonFix standard, and now the traditionally energy-facing standard is requesting input on its new and improved draft A/R requirements and guidelines while preparing to expand into agroforestry, improved forest management, improved livestock management and climate-smart agriculture.

UN Beats $30 Billion Goal to Fund Climate Aid in Poorer Nations
Japan and Norway topped a list of industrialized nations that beat a $30 billion funding goal for climate-protection projects in poorer countries, Climate Analytics said as it urged better coordination in future rounds.


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


ICIS Acquires Tschach Solutions to Boost Carbon Market Coverage
ICIS, an energy information unit of Reed Elsevier Plc (REL), is buying carbon market analysis firm Tschach Solutions GmbH for an undisclosed sum.

Caltex fires up to buy Indigenous carbon credits
ABC Rural
An Indigenous fire abatement project in the Northern Territory has just sold over $517,000 worth of carbon credits to oil refiner Caltex Australia.

CO2 Group, Newmont create first carbon farming ACCUs
Climate Spectator
CO2 Group and Newmont Australia have successfully created the first carbon farming Australian Carbon Credit Units (ACCUs).

Natural Gas/Coal/Alternative Fuels

COLUMN-UK tests payoffs for wind and shale opponents: Wynn
Developers still have some numbers to crunch, but Britain’s wind power industry may just about be able to breathe a sigh of relief after the government published changes to industry planning and regulation on Thursday.
**RKB — repeats in Power.

Britain’s Ofgem to review gas, power benchmark setting
Britain’s energy watchdog Ofgem on Thursday launched a review of how price reporting agencies (PRAs) set wholesale gas and electricity prices, while separately investigating allegations of market rigging and beefing up its enforcement role.

Reliance to Invest $26 Billion Over Three Years
The Wall Street Journal
Mumbai—Reliance Industries Ltd. 500325.BY -1.00% Thursday outlined a three-year investment plan of 1.5 trillion rupees ($26 billion) to further expand its businesses which range from gas production and oil refining to selling groceries and vegetables.


U.K. to Share More Wind-Power Wealth With Local Residents
The U.K. will give residents more say over onshore wind farms and higher payments to communities affected by them, an effort to heal a rift over the technology that’s divided lawmakers and sparked local resistance.

Mongolia Opens $122 Million Wind Farm With Aim to Cut Pollution
Mongolia is scheduled to start operations at its first wind farm this month, a $122 million project that’s the biggest power plant in 30 years and part of a government effort to cap pollution cloaking the capital city.

U.K. Solar Investment Jeopardized by EU Tariffs on China
U.K. Energy and Climate Change Minister Greg Barker said investment in solar power may be jeopardized by European Union tariffs on panels from China and that Britain is pushing for a “sensible” agreement.

COLUMN-UK tests payoffs for wind and shale opponents: Wynn
Developers still have some numbers to crunch, but Britain’s wind power industry may just about be able to breathe a sigh of relief after the government published changes to industry planning and regulation on Thursday.
**RKB — repeats in Natural Gas.


Ecolab’s Nalco to Buy Stakes in Water Companies in India
Ecolab Inc. (ECL), the largest provider of chemicals and services for water and wastewater treatment, said its Nalco unit plans to grow through acquisitions in the south Asian nation.

Protest Over Brazil Hydro Drives Delay and Boosts Cost
Protests by indigenous people in Brazil’s Amazon region over hydroelectric projects are boosting costs for companies building dams including Odebrecht SA and Grupo Andrade Gutierrez SA, said Energy Minister Edison Lobao.

Veolia to Supply Water to 200,000 in India State, Science Center
Veolia Environnement (VIE), the largest water utility in Europe, won contracts to build a distribution network and supply water to about 200,000 people in the south India state of Karnataka, including the Indian Institute of Science in Bangalore.


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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