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Archive for the ‘Emissions Trading’ Category

Firms explicitly state they have no clear-cut emissions trading strategy

Posted by gmarkets on 27 September, 2007

Up to this point, findings give the impression that many firms are responding strategically by getting involved in emissions trading schemes, according to Pinkse, J. and Kolk, A. in the article ‘Multinational Corporations and Emissions Trading’ in European Management Journal (2007).

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Posted in Emissions Trading, Green Markets 0920 | Leave a Comment »

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

Posted in Emissions Trading, Green Markets 0920 | Leave a Comment »

Desalination plant at Wonthaggi; Taxpayer’s $200m a year for the purpose of buying environmentally dirty water that it doesn’t need

Posted by gmarkets on 20 September, 2007

Some small attention has been paid to the political expediency of locating the proposed facility in a non-government electorate far from the consciousness and prying eyes of city environmentalists, reported The Age (16/8/2007, p. 10). Read the rest of this entry »

Posted in Desalination, Emissions Trading, Green Markets 0919, Policy, Victoria, Water | Leave a Comment »

Australia will ‘move towards’ a domestic emissions trading system no later than 2012; Government to set fuzzy goal, in 2008, says PM

Posted by gmarkets on 20 September, 2007

In an answer to a question in the Federal Senate from Senator Lyn Allison, Senator Eric Abetz said that in response to the emissions trading taskgroup report released on 31 May 2007, Prime Minister John Howard announced on 3 June 2007 that Australia would move towards a domestic emissions trading system no later than 2012, and that the Government would set, in 2008, a long-term aspirational goal for cutting greenhouse gas emissions. Read the rest of this entry »

Posted in Carbon Price, Emissions, Emissions Trading, Federal, Green Markets 0919, Hansard, Policy | Leave a Comment »

Melbourne-Sydney flight creates over 80kg greenhouse gas per passenger; green practices help airlines save money, and gain credits

Posted by gmarkets on 20 September, 2007

The airline industry was likely to be included in the Australian carbon trading system, unlike Europe, which at first exempted the industry and was now just considering its inclusion, reported The Australian (15/9/2007, p. 39). Read the rest of this entry »

Posted in Emissions, Emissions Trading, Energy, Green Markets 0919, Pollution, Transport | Leave a Comment »

Taking the fizz out of carbon dumps: ONC in Australia plans to earn carbon credits using urea, from natural gas, as an ocean fertiliser

Posted by gmarkets on 20 September, 2007

Despite some concerns, the Ocean Nourishment Corporation in Australia was moving ahead with its plans to use urea as an ocean fertiliser, wrote Ian Jones, head of the Ocean Technology Group at the University of Sydney, Australia, and director of the ONC in New Scientist (15/9/2007, p.44). Read the rest of this entry »

Posted in Ecosystem Trading, Emissions Trading, Gas, Green Markets 0919, Marine, Plankton | Leave a Comment »

Federal government in such a pre-election rush it did not consult with National Emissions Trading Taskforce on its post-APEC Bill

Posted by gmarkets on 20 September, 2007

The Federal government was in such a pre-election rush it had not consulted with the National Emissions Trading Taskforce, established by state governments, said Anthony Albanese, Member for Grayndler, Australian Labor Party, House of Representatives, Commonwealth, 17 September 2007 speaking to the National Greenhouse and Energy Reporting Bill 2007, (Second Reading). Read the rest of this entry »

Posted in CO2 Dumps, Emissions, Emissions Trading, Federal, Federal Election, Green Markets 0919, Policy | Leave a Comment »

Turnbull: Bill will see the national greenhouse and energy reporting system up and running by 1 July 2008, and State “patchwork” cleaned up

Posted by gmarkets on 20 September, 2007

Malcolm Turnbull, Minister for the Environment on 17 September 2007 (on the National Greenhouse and Energy Reporting Bill 2007, Second Reading) said the Bill was a foundation requirement for establishing a successful emissions trading system and informing all Australian governments in their decisions”. Read the rest of this entry »

Posted in Emissions, Emissions Trading, Federal, Green Markets 0919, Policy, Pollution | Leave a Comment »

Around $300 can render a large family household “carbon neutral” for a year

Posted by gmarkets on 19 September, 2007

Rather than changing your lifestyle, there was another way to clear your conscience about the size of your carbon footprint: via your wallet and carbon offsets, reported The Australian (15/9/2007, p.1). Selling savings back to consumers: For around $300 companies such as Easy Being Green could render a large family household “carbon neutral” for a year. This equated to reducing the amount of CO2 pollution a home produced by nearly 15 tonnes. Other companies in this space included the Carbon Reduction Institute and Neco. These companies undertook energy efficient projects and installed energy-saving technologies — such as compact fluorescent light globes and water-saving showerheads — into homes and businesses across the country. Easy Being Green offers energy-efficient light globes, installed in homes free of charge, via its website. Each of these globes is then calculated as providing 15,000 hours of energy-saving light that will cut CO2 pollution by 900kg in its lifetime. The company is then authorised to sell that 900kg saving back to customers for $20 through any one of its carbon-neutral packages (it offers a $297.15 package for a 4+ person family home). Devilishly clever and everyone wins, including the planet — or does it?

Consumers buy clean consciences: As George Monbiot, author of Heat: How to Stop the Planet Burning has said: “Any scheme that persuades us we can carry on polluting delays the point at which we grasp the nettle of climate change and accept that our lives have to change… By selling us a clean conscience, the offset companies are undermining the necessary political battle to tackle climate change at home. They are telling us we don’t need to be citizens; we need only to be better consumers.”

Reference: Easy Being Green: http://www.easybeinggreen.com.au
Carbon Reduction Institute:
http://www.noco2.com.au
Neco: http://www.neco.com.au

Posted in Accounting, Carbon Price, Emissions Trading, Energy Efficiency, Green Markets 0919, How to make money, VERs, Voluntary | Leave a Comment »

Westpac prepares for trading: markets carbon trades to land holders

Posted by gmarkets on 19 September, 2007

Westpac’s head of Regional and Agribusiness Banking, Graham Jennings, said the index results showed some farmers were concerned about the cost and land management implications of carbon trading, reported Queensland Country Life (31/8/2007, p.23).

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Posted in Aggregators, Agriculture, Emissions, Emissions Trading, Finance, Funds, Green Markets 0919, Public Opinion, Queensland | Leave a Comment »