In this edition, China takes the top place among articles, including Bloomberg’s article suggesting China Unlikely to Stimulate New Carbon Credit Supply Efforts and a thorough Financial Times’ look at water security. Meanwhile, Japan government takes aim at electricity monopolies, reports Reuters.

Quote of the Day:

“If there are no ambitious targets, there will be no demand. So what’s the purpose of starting a new market mechanism?”

–Chinese climate negotiator Su Wei in Bloomberg’s “China Unlikely to Stimulate New Carbon Credit Supply Efforts”

Lead Stories

China Unlikely to Stimulate New Carbon Credit Supply Efforts
China, the world’s biggest emitter of greenhouse gas, will probably avoid importing carbon credits for two decades, challenging diplomats as they craft a new emissions market that will increase supply, a government official said.
**RKB — Su says focus will be on internal offsetting credits absent a global agreement and more progress on global markets.

Water security threatens China
Financial Times
China’s water resources are running scarce. Farming and other human activities are turning large parts of the country into deserts and forcing residents to migrate.
**RKB — Interesting vantage point in quick 3-minute video.

China holds key to cleaner skies
China has done well in terms of regional cooperation on the economic front, but it is time for tighter laws and more regional efforts to fight air pollution through market mechanisms such as the carbon trading system, said Fred Krupp, president of the US-based Environmental Defense Fund.

Gov. Brown chided for plan to borrow from cap-and-trade funds
Los Angeles Times
Gov. Jerry Brown sparked controversy Tuesday when he proposed to shift $500 million out of the state’s Greenhouse Gas Reduction Fund and loan it to the state general fund as part of the effort to balance the budget.

U.S. Energy Policy Should Take a Lesson From Germany’s Energiewende
“Energiewende” may not be a household word in the United States today, but U.S. citizens and policymakers are likely to hear more about it. It’s the name of Germany’s ambitious energy transformation, which aims to move the country to at least 80 percent of electricity from renewable energy sources by 2050.
**RKB — Contributor Rainer Baake is director of Agora Energiewende and former State Secretary in Germany’s Ministry of the Environment, where he led the drafting of the Renewable Energy Act. Contributor Jennifer Morgan is director of the Climate and Energy Program at World Resources Institute.

Merkel’s Greens Challenger Seeks CO2 Price Rises to Ditch Coal
Chancellor Angela Merkel must ditch coal in favor of cleaner gas power plants to protect the climate, said the co-leader of Germany’s Greens party, urging a redoubling of efforts to raise carbon prices in the world’s biggest cap-and-trade program.

For Insurers, No Doubts on Climate Change
The New York Times
If there were one American industry that would be particularly worried about climate change it would have to be insurance, right?

Clean Energy Learns to Compete
The New York Times
Europe used to be nirvana for companies in the clean-energy business, but in the past couple of years it has become a much tougher place. With economies anemic, electricity demand is down; and, not surprisingly, once-generous subsidies that encouraged installing swaths of solar collectors in sun-poor Germany or wind farms in relatively calm areas of France are either being reduced or look as if they could be.

Legislation would give clean energy more access to investment tool
Inside Climate News
Congressional lawmakers from both parties are taking a step to catalyze the nation’s clean energy economy: After 32 years of restricting a crucial investment tool to expanding fossil fuels, they’re pushing to open it to renewables.


Navigating Our Water Future: A Course for Industry
Ecolab Chairman Doug Baker
May 16

World Environmental & Water Resources Congress
Cincinnati, Ohio
May 19-23

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


Statoil to call tender for carbon capture technology
Norwegian oil and gas firm Statoil will call a tender in the coming weeks to acquire technology for a full-scale carbon capture plant at a power plant at Mongstad in west Norway, a company official said.

COLUMN-Property rights hamper CO2 storage in Texas: Kemp
Texas may fall behind states such as Louisiana in enhanced oil recovery (EOR) and carbon capture and storage (CCS) projects, even though it has some of the best geological potential in the United States, unless it enacts a law allowing compulsory unitisation of oil fields.

Offsetters Climate Solutions Inc., A Leading Canadian Carbon Offsets Project Developer, is Ready to Foray into the Compliance Carbon Credit Trading Market
Press Release
Ubika Research has issued a new initiation report on Offsetters Climate Solutions Inc. (TSXV: COO), a leading carbon offsets developer in Canada.

Natural Gas/Coal/Alternative Fuels

A look at EU investigation of oil price fixing
The European Union‘s executive arm, the Commission, on Tuesday said it had raided the offices of a number of oil industry companies for possible price-fixing.

EU oil price probe puts Platts in spotlight
A European investigation into alleged price rigging by major oil companies has drawn attention to leading price agency Platts and the way it sets oil price benchmarks.

Arctic states open council to China, India, SKorea
Arctic states agreed Wednesday to let nations that are located nowhere near the Earth’s north to become observers to their diplomatic council, boosting rising superpowers China, India and South Korea that are seeking to mine the region for its untapped energy and other natural resources.

RWE gas trading improves, sees boost from Gazprom deal
Reduced losses at its gas trading business helped RWE to post a smaller-than-expected fall in quarterly earnings and Germany’s No.2 utility predicted “significant” benefits from a new deal with main supplier Gazprom by mid-year.

SunGard Helps Natural Gas Market Participants Attain Agile Growth & Smarter Operations Amid Evolving Market Trends
Press Release
The natural gas market is undergoing rapid change, fueled by abundant natural gas supply, improved recovery technologies and lower gas prices. While this change will offer substantial opportunity for gas producers, traders, and Liquefied Natural Gas (LNG) merchants, the complexity of this evolving global market will require market participants to adapt their business models to manage new risks, implement smarter more efficient operations and develop agility for global growth.


Japan government takes aim at electricity monopolies
Japan is embarking on its most ambitious attempt at electricity industry reform since 1951, with Prime Minister Shinzo Abe well-positioned for victory in a battle to break up powerful regional monopolies that is seen as a test of his political agenda.

UK, Norway agree to press on with $2.6 bln power link project
Britain and Norway agreed on Wednesday to continue work on a project to link up their electricity grids by 2020 with what would be the world’s longest subsea power cable, giving Britain access to Norway’s vast reserves of carbon-free hydropower.

Brazil Auction Rules May Boost Price of Cheap Wind Power
Prices for wind energy in Brazil, currently the lowest in the world, may rise at least 15 percent due to government policies designed to make the nation’s power grid more reliable.


Kuwait-Led Group in Takeover Approach for U.K. Water Firm
Severn Trent Plc (SVT), the U.K.’s second-largest publicly traded water company, rejected a takeover approach from Kuwait’s sovereign wealth fund and a Canadian infrastructure investor.

Water security threatens China
Financial Times
China’s water resources are running scarce. Farming and other human activities are turning large parts of the country into deserts and forcing residents to migrate.
**RKB — Repeats from Lead stories

Brazil Plans $252 Billion Water-Stimulus Package: Estado
Brazil is planning a 508.5 billion-real ($252 billion) stimulus package aimed at providing universal access to water and sewage treatment nationwide by 2033, O Estado de S. Paulo said, citing an interview with Cities Minister Aguinaldo Ribeiro.

From Kenya To China:The Spread Of Innovative Water Solutions
Ecosystem Marketplace
Green Water Credits, were first used in 2007 in Kenya’s Tana River Basin, and in many ways they laid the groundwork for WWF’s ground-breaking payments for watershed services now underway in the Lake Naivasha watershed. They work by compensating upstream farmers for incorporating soil and water conservation activities into their farming, and their use has since spread to Morocco and Malawi.


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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