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Archive for September 26th, 2007

Federal tax breaks for building owners prepared to invest in green retrofitting

Posted by gmarkets on 26 September, 2007

This week, the Property Council and Australian Conservation Foundation joined forces to call for federal tax breaks —dubbed green depreciation — for building owners prepared to invest in green retrofitting, reported The Age (1/9/2007, p.5).

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Seals swimming up to 2000 kilometres through Antarctic waters to find a meal, raising suggestions that something has disrupted Southern Ocean food supply

Posted by gmarkets on 26 September, 2007

Taronga Zoo marine specialists were fighting to save the life of the second Antarctic leopard seal to be washed up on a Sydney beach in a week. Leopard seals were very rare in Sydney’s waters, said Geoff Ross, a wildlife management officer with the National Parks and Wildlife Service: “We might see one every two or three years.” he said finding two in a week was extraordinary. “They are Antarctic ice dwellers which seldom wander further north than Macquarie Island.”

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ASX Ltd announces plan for a futures market for carbon emission permits

Posted by gmarkets on 26 September, 2007

ASX Ltd had announced plans for a futures market for carbon emission permits. The participants are likely to include retail and investment banks, big corporations, utilities, mining and transport companies, and primary producers, reported The Sydney Morning Herald (5/6/2007, p.4). Business opportunity to prepare for ETS: The introduction of a futures market will give businesses the opportunity to position themselves in an emissions trading scheme. ASX chief executive Robert Elstone said: “Australia’s highly developed financial markets are well-placed to provide the necessary infrastructure to facilitate both exchange-traded and over-the-counter markets support for an emissions trading scheme. “Once sufficient detail of the emissions trading scheme is known, ASX will be in a position to facilitate emissions trading at the earliest opportunity.”

The Sydney Morning Herald, 5/6/2007, p. 4

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NSW State Government blames Federal Government for the collapse of the NSW NGAC to $6

Posted by gmarkets on 26 September, 2007

The NSW state Minister for Climate Change, the Environment and Water, Phil Koperberg, said in an email to The Sydney Morning Herald, (12/9/2007, p.4) yesterday that the NGAC price fall was a direct result of an ill-conceived announcement by the Federal Government in July that the NSW scheme would be scrapped if a national emissions trading scheme was introduced.

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Pulp mill in Tasmania to lead to massive deforestation: and 10 million tonnes of greenhouse emissions every year, Greens Senator says

Posted by gmarkets on 26 September, 2007

Christine Milne, Senator for Tasmania, Australian Greens Party, recorded in the Senate Hansard, Commonwealth of Australia, 11 September 2007 said the Gunns pulp mill in Tasmania has not been assessed for its greenhouse gas emissions. “We have a Minister for Fisheries, Forestry and Conservation who tried to mislead the parliament when I asked the question about the pulp mill by saying that the Australian Greenhouse Office measures carbon in forests and so on. I asked specifically about the pulp mill proposal. Under the RPDC process, the greenhouse gas emissions were to be assessed. Once that process was dumped by the Lennon government, there was no prospect of the greenhouse gas emissions being assessed”.

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Countries with remaining tropical forests ask for compensation for not cutting, probably with carbon credits: “avoided deforestation” recognised

Posted by gmarkets on 26 September, 2007

Essentially, countries with remaining tropical forests are asking to be compensated, prob­ably with carbon credits, for not logging them. The Kyoto Protocol, specifically excludes forest protection. Only replanting is eligible for assistance. According to Mark Forbes writing in The Age, (21/9/2007, p.11), multibillion-dollar plan to protect forests and lessen global warming is set to be backed by an alliance of nations home to more than 80 per cent of the world’s tropical rainforests.

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‘Sustainable cities’, report of the House Standing Committee on Environment and Heritage tabled over two years ago, gets no government response

Posted by gmarkets on 26 September, 2007

Harry Jenkins, Member for Scullin, Australian Labor Party, speaking to the Commonwealth House of Representatives on 17 September 2007 said “One of the indicators of the lowering of standards of this government in the way it perceives parliament is the way in which responses to parliamentary committees have been delayed. “In particular, I want to stress that ‘Sustainable cities’, the report of the House Standing Committee on Environment and Heritage tabled over two years ago, has not been responded to”.

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Emissions futures would start trading even before the permits were issued in 2012; at $50 a tonne or more, power plants would shut

Posted by gmarkets on 26 September, 2007

Government will need to establish a set of rules and targets for companies, said Catherine Ford, business development manager of energy futures marketing and consulting company d-cyphaTrade. It was possible that emissions futures would start trading even before the permits were issued in 2012, as long as the rules were clear, she said. This would allow companies planning investments to lock in some of their returns sooner. Emissions futures will trade along with electricity futures, and eventually gas and coal futures, allowing the industry to plan ahead. But a lot depends on the price the government sets on emissions, according to Stephen Wisenthal writing in The Australian Financial Review, (5/6/2007, p.21).

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Analysis of “metabolism” of cities shows big cities just get richer; rich cities get bigger; and superlinear boom followed by a bust

Posted by gmarkets on 26 September, 2007

With help from their collaborators at Arizona State University, Tempe, and Dresden University of Technology in Germany, West and Bettencourt tracked down all sorts of information about the “metabolism” of cities, including the number of gasoline stations and laundries, electrical power usage and the total wages earned. Their database, assembled with the aid of the internet from hundreds of cities across the US, Europe and China, is the first important outcome of the project. It was reported in Proceedings of the National Academy Of Sciences, vol104, P 7301

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Mirvac’s NSW Vision Estate pays 10pc less for GridX Power electricity; and cuts CO2 by 33 per cent

Posted by gmarkets on 26 September, 2007

Mirvac’s Vision Estate was the first in the world to use the GridX Power electricity, hot water and air conditioning from natural gas. Greg Paramor, Managing Director of Mirvac, said “The environmental benefits of using GridX tri-generation include an immediate 33pc reduction in greenhouse gasses compared to coal-fired generation, increased efficiency in transmission and in thermal energy use,” Paramor said. Read the rest of this entry »

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