In today’s edition, from the trading space: Argus reports “Guangdong launches pilot emissions trading scheme,” while Eco-Business offers “UN carbon scheme reaches milestone, flaws and all.” And on the business front: “Google’s Business Is Booming, Its Carbon Emissions Are Not,” says Forbes. Bloomberg brings “World’s Top 10 Companies That Hide Their Emissions.”
Quote of the Day:
“Companies have finally said this is more than just an ancillary issue that a few of my marketing people want to focus on. They have acknowledged that this is real for my business.”
Doug Kangos, partner at PwC’s Sustainable Business Solutions and an author of the annual CDP reports, in Reuters’ “Climate group sees progress in U.S. board rooms.”
Guangdong launches pilot emissions trading scheme
The industrial powerhouse province of Guangdong in China has launched a carbon emissions trading pilot project in an attempt to rein in carbon emissions. Beijing is hoping that a successful programme will emerge from the seven regions it has chosen to champion pilot schemes as it tries to reduce carbon intensity — a measure of carbon emissions per unit of GDP — by 40-45pc by 2020.
Kyoto carbon credit glut is far larger than expected, warn analysts
The giant surplus of carbon credits currently swamping the global carbon market may never recede, removing any hope of reducing global emissions without a significant increase in national emission reduction targets, campaigners will warn today.
UN carbon scheme reaches milestone, flaws and all
The United Nations announced on Friday that it had issued its one billionth carbon credit to an Indian manufacturer under its much-debated clean development mechanism.
Slow economy, cleaner energy cut into carbon emissions
Los Angeles Times
The amount of carbon dioxide emitted from energy production declined in the U.S. in 2011 – the third time in four years and the fourth time in the past six years that has happened, the Energy Department said Tuesday.
Google’s Business Is Booming, Its Carbon Emissions Are Not
Google’s carbon footprint is growing but not as fast as its business, the search giant said Wednesday.
**RKB – Google’s blog post.
World’s Top 10 Companies That Hide Their Emissions
The first step to reducing greenhouse gas emissions is to know where you’re starting from. That’s why the Carbon Disclosure Project works on behalf of investors to push companies to disclose their footprints. Today the CDP released its annual report, including a list of best performers and no-shows.
**RKB – Follow-up to the Carbon Disclosure Project report that ran in E/E Wednesday.
Here’s that report:
CDP Global 500 Climate Change Report
Carbon Disclosure Project
Climate group sees progress in U.S. board rooms
An organization promoting the reduction of greenhouse gases said its annual survey showed big U.S.-listed companies making progress in disclosure and in their carbon emission reduction goals, even as lawmakers hesitate to regulate.
When will the candidates talk about creating a sustainable economy?
In case you haven’t heard, it’s political convention season. Delegates from all 50 states have gathered in Tampa and Charlotte with their respective parties to officially nominate their candidate for president.
Chain Stores Said to Lead Firms in Use of Sun Power
The New York Times
The aisles of a typical Walgreens drugstore are stacked with products promoting their green attributes, whether they are towels made from recycled paper or makeup brushes made from fast-growing grass.
Taxes Show One Way to Save Fuel
The New York Times
Just the other day, President Obama unveiled another example of how our hostility to anything that even remotely looks like a tax is leading us down the wrong path, ultimately making us worse off.
Experts call to promote importance of Reduced Emissions from Avoided Deforestation and Degradation
The Times of India
Experts, top forest officials and heads of various forestry institutions underlined the importance of Reduced Emissions from Avoided Deforestation and Degradation (REDD)+ and have called to promote REDD+ as a financial instrument to incentivise conservation and sustainable management of forest, thereby reducing ‘green house gases’ (GHG) emission from deforestation and forest degradation.
New York Is Lagging as Seas and Risks Rise, Critics Warn
The New York Times
With a 520-mile-long coast lined largely by teeming roads and fragile infrastructure, New York City is gingerly facing up to the intertwined threats posed by rising seas and ever-more-severe storm flooding.
Change At Top For CIFOR
Food security, forestry and climate change leading expert Peter Holmgren took the reins at the Center for International Forestry Research (CIFOR) this week amid growing awareness worldwide of the critical role forests play in sustainable development and global warming.
ACCO & White House Council on Environmental Quality
September 24-25, 2012
Carbon Forum North America
October 1-2, 2012
Sustainability Summit – Innovation Challenge
October 9, 2012
EMA 2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
Small steps in Bangkok climate change talks
Climate & Development Knowledge Network
Once again international climate change negotiators and stakeholders got together to work towards a global climate change agreement. This time the meeting was in Bangkok, amidst the culture, noise and vibrancy of one of the world’s most popular tourist destinations.
EPA approves Colorado plan to reduce pollution
The U.S. Environmental Protection Agency has given final approval to Colorado’s strategy to reduce pollution, which relies on switching some coal-fired power plants to natural gas.
Chesapeake Energy selling some assets for $6.9B
Chesapeake Energy Corp. is selling the vast portion of its land and infrastructure in west Texas for nearly $7 billion as the company tries to strengthen its finances while shifting its focus to oil drilling, rather than natural gas.
ConocoPhillips Looking to Enter Shale Gas in China
The Wall Street Journal
U.S. oil company ConocoPhillips is looking into expanding its China operations to include shale gas, a company executive said Tuesday.
SF clean-energy program may profit Shell
The San Francisco Chronicle
In an ironic twist, San Francisco’s effort to go green with its own clean-energy program could wind up adding tens of millions of dollars to the coffers of one of the biggest oil companies in the world – Shell.
Taxpayer, conservative groups: GOP’s ‘No More Solyndras’ bill not enough
The Hill’s E2 Wire
Four taxpayer and conservative groups say a House GOP bill to curtail the Energy Department’s loan guarantee program doesn’t go far enough.
In Quest for River’s Power, an Underwater Test Spin
The New York Times
Could cars in New York City someday run on electricity generated at the bottom of the East River?
Exclusive: UK on brink of new wind energy record
The UK wind energy industry is poised to reach a major new milestone over the next few days, with National Grid predicting that a record 4.14GW of power will come onto the grid from wind farms later this evening.
US wind industry “facing potential disaster” if tax credit is not renewed
Thousands of jobs and millions of dollars of tax revenues created by large US wind farms are at risk if the government fails to renew a tax break for the industry.
CDP Global 500 Climate Change Report (Posted Sept. 11, 2012)
Carbon Disclosure Project
Beyond the bluster: Why wind power is an effective technology (Posted Aug. 30, 2012)
Carbon Tax Revenue and the Budget Deficit: A Win-Win Solution? (Posted Aug. 27, 2012)
The 21st Century Corporation: The Ceres Roadmap for Sustainability (Posted Aug. 21, 2012)
EPA REGULATIONS AND ELECTRICITY (Posted Aug. 16, 2012)
European Power & Renewables Deals: Quarterly M&A outlook (Posted August 15, 2012)
Advancing Technology for America’s Transportation Future (Posted August 6, 2012)
Benchmarking Air Emissions Of the 100 Largest Electric Power Producers in the United States (Posted July 31, 2012)
Per capita CO2 emissions in China reached European level (July 18, 2012)
The Interim Regulation of Voluntary Greenhouse Gases Emission Trading in China (Posted July 10, 2012)
The Climate Group