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  reprint Russia possesses the potential to produce significant gas from its Eastern Regions, with total proved reserves  in  East  Siberia  and  the  Far  East  of  Russia  standing  at  5  trillion  cubic  metres  (Tcm)  while prospective  resources  could  be  as  large  as  65Tcm. This  would  appear  to  give  Russia  a  huge opportunity for export sales into the Asia Pacific region , which contains the world’s largest LNG importing  nations  and  two  of  the  world’s  fastest  growing  gas  markets   in  China  and  India   (also importers  of  LNG). It  is  surprising,  therefore,  that  despite  the  obvious  commercial  logic  of  linking enormous gas resources to expandin...

-- a _kt75 | reprint _NEW: explore all _kt75 | publications via the news db... and leave your comments here The American West has a long tradition of conflict over water . But after fifteen years of drought across the region, it is no longer simply conflict: it is crisis. In the face of unprecedented declines in reservoir storage and groundwater reserves throughout the West, we focus in this discussion paper on a set of policies that could contribute to a lasting solution: using market forces to facilitate the movement of water resources and to mitigate the risk of water shortages.  We begin by reviewing key dimensions of this problem: the challenges of population and economic growth, the environmental stresses from overuse of common water resources, the risk of increasing water-supply volatility, and the historical disjunction that has developed between and among rural and urban water users regarding the ...

-- a _kt75 | reprint _NEW: explore all _kt75 | publications via the news db... and leave your comments here Allowing polluters to buy, sell or trade water-quality credits could significantly reduce pollution in river basins and estuaries faster and at lower cost than requiring the facilities to meet compliance costs on their own, a new Duke University-led study finds. The scale and type of the trading programs, though critical, may matter less than just getting them started. "Our analysis shows that water-quality trading of any kind can significantly lower the costs of achieving Clean Water Act goals," said Martin W. Doyle, professor of river science and policy at Duke's Nicholas School of the Environment. "All other things being equal, regulators should allow trading to occur at the river basin scale as an appropriate first step. Larger spatial scales may be needed later if abatement costs increase," said Doyle, who also serves as director...

-- a _kt75 | reprint Download the Quarterly Notes on Sustainable Water Management - Q04/2013 Submit your Abstract for the next issue of the Quarterly Notes Global carbon markets traded a total €38.4 billion worth of allowances and credits during 2013, a 38% decrease from the €62bn the previous year, in a continuation of the decline that started after the market peaked at €96bn in 2011. Since then, the key European reference price of emissions has fallen from €18 to €5 per tonne of carbon dioxide. Last year also saw a decrease in terms of volumes – from 10.7 billion to 9.2 billion emission units – the first drop in traded volumes since 2010, according to analysis published today by Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis and forecasting for the energy and environmental markets.The decline is most dramatic for the UN-led ‘flexible mechanisms’ that were created to incentivize emission abatement investments such as renewable e...