Effective today, The ROBERT|CHARLESGroup is discontinuing our postings and links to content and news for investing in worldwide cap and trade and sustainable energy markets. This blog will be phased out in the coming days and weeks.
The European Commission is expected to present a proposal to delay selling hundreds of millions of CO2 allowances in the bloc’s Emissions Trading Scheme in September in a bid to rescue the world's largest carbon market, a UK government official said Friday.
Which ticks more ethical boxes? Fairtrade organic olive oil from the Palestinian territories? Or organic chocolate grown by a co-operative of Grenadian peasant farmers on a solar-powered farm and transported to Europe from the Caribbean in a sailing ship with no engines? The olive oil sells for £8.50 for a 500ml bottle, but the first 24,000 bars of "handpressed, single-estate, vanilla-free, vintage rootstock, grown-with-a-windward aspect" chocolate in the world arrives in Portsmouth next week – winds permitting – on the Tres Hombres, a 32-tonne square-rigged wooden sailing cargo ship.
The most efficient way to turn sunlight into energy has existed for around 400m years: photosynthesis. Scientists have been attempting to replicate this in artificial leaves for some time and have now taken a step forward by replacing expensive materials with cheaper ones.
Germany’s solar industry is likely to benefit from a Bundesrat vote today to delay subsidy cuts, as long as negotiations are not drawn out, say industry experts. On Friday, the upper house of parliament in Germany, the Bundesrat, voted against the government’s proposal to slash subsidies for solar photovoltaic (PV) installations by up to 37% this year.
Biomass used for energy generation in Europe will have to more than double from the 2009 level by 2020 if the EU is to meet its renewable energy target. The equivalent of 214 million tonnes of oil (mtoe) will be needed from biomass in 2020, up from just 100 mtoe in 2009, Richard Boomer, co-managing director of Forest Value Investment Management (FVIM), told the Forestry, Biomass & Sustainability conference in London on 4 May. This assumes that biomass will continue to account for around two-thirds of total renewable energy generation in the EU, although some power utilities think this is a conservative estimate, Boomer noted.
The International Civil Aviation Organization is forming a plan for a global aviation CO2 emissions trading system, which the EU can work into its current Emissions Trading System, the European Commission's director general for climate action Jos Delbeke said Thursday evening. "ICAO is working on a market-based system...if ICAO can bring this forward for adoption, we are willing to adapt our legislation," Delbeke said in an interview in Florence.
The Coca-Cola Co., Nike, and more than 30 other companies have cut carbon dioxide emissions by more than 100 million metric tons since 1999 under a partnership agreement with the World Wildlife Fund, according to a new report. That's twice as much as the current annual emissions of Switzerland.
Norwegian Prime Minister Jens Stoltenberg did not shy away from superlatives as he formally inaugurated the carbon capture test facility at Mongstad near Bergen, on Norway's west coast. "Today we are opening the world's largest and most advanced laboratory for testing carbon capture technologies... a unique test centre to meet one of the greatest challenges of our time."
There are many hazardous consequences due to the presence of greenhouse gases in the earth’s atmosphere. Some of these are ozone layer depletion, climate change, global warming and a rise in sea levels. This has resulted in many global initiatives taking shape, in order to urge nations to cut down on their carbon emission levels. Thanks to this, many industry-oriented economies are facing a dilemma, since curbing pollution levels would result in a reduction of industrial activities. This, in turn, would result in a reduction of income and output for the economy in question, thereby hampering economic growth, not exactly a popular stance to take when seeking to get reelected (see Clean Energy ETFs In Focus). In order to mitigate some of these concerns while still attempting to control emissions, investors have witnessed the birth of the emission trading (ET) industry. With the increasing participation of nations in the guidelines of Kyoto Protocol (KP) and rising social accountability, the emission trading industry has the potential to emerge as a major global industry, despite non-ratification of the Kyoto Protocol by the U.S.
Germany, which plans to sell more European Union carbon allowances starting next year, will give 56 percent fewer away, according to figures from the federal environment agency Umweltbundesamt.
The nation will hand out about 1.4 billion metric tons of the permits to 1,814 factories, including plants operated by Volkswagen AG (VOW) and BASF SE (BAS), in the eight years through 2020, according to the data published today. That’s 175 million tons a year on average and compares with 401 million tons of free allowances granted last year, according to data compiled by Bloomberg.
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