Posts filed under ‘Green Economics’
The Bonn climate negotiations which went underway this weekend for a two week period are probably the most important of all the rounds that have taken place thus far. The UN Framework Convention on Climate Change (UNFCCC) meeting is tackling issues like commitment to CO2 levels and the creation of a worldwide carbon trading platform.
Perhaps more interesting than the very first days of the talks, the participants have been issued with a rather informative 16-page document, entitled Information Note, in which the UNFCCC makes careful guesses as to what the practicalities will boil down to of climate change policies globally.
The document is by dint of its nature geared toward the future. Despite being rather vague on the real impact of climate change policies by national governments around the globe, the document is shocking in places. Predicting the biggest overhaul of the global economy ever, the UNFCCC says world citizens ought to brace themselves for a new economic order which will see millions of people lose jobs and others gain jobs. The biggest ripples in the water will be made by industry and companies relocating to areas with more beneficial tariff regulations and/or taxes, the Information Note says.
The impact of environment related tariffs will not be all that different than the impact of any other tariff, but the Information Note points out that the effect of millions of job relocations will be rather tangible. On top of that, we’ll see the introduction of “border carbon adjustments”. This means that some countries will impose a levy on imported goods equal to that which would have been imposed had they been produced domestically under more strict environmental regimes.
Alternatively, exporters might be forced to buy [carbon] offsets at the border. These are going to be massively drastic measures for a rather big number of people involved, but whether the world will be any fairer for it is very very unlikely. At the end of the day, the Information Note reveals, the impact of future environment tariffs will lead to ‘decreased market share for covered foreign producers’. And “such schemes would leave trade and investment patterns unchanged,” the Note adds. Why the bother, you might ask. Why not do a really good job and simply make the world a bit better whilst we’re at it??
It’s issues like these that will have a big impact on the developing nations’ commitment to the environment. As I wrote in a comment (which has yet to be published) on GlobalWarmingIsReal it’s hardly a question whether a 25 percent reduction from 2000 levels by developing countries would be enough (it won’t be). But, the negotiators for the Third World are struggling with how, with these tools, they can achieve reductions at all.
Let’s hope that the richer nations realise this. Let’s hope that people understand that since polluting industries are a historic legacy of the industrialised world, the main responsibility toward the environment falls on the developed nations. In order to persuade developing countries to act, the richer countries have to show they’re completely serious about deep and rapid cuts in their own emissions.
It sounds iffy; running your company’s network on a WiFi connection that is entirely powered by solar energy. But a Mountainview, CA firm says it provides a 100% uptime solution. And it reports a mad dash for its products by companies in the range of 50 to 200 employees.
Mesh WiFi firm Meraki started shipping its Meraki Solar December 4th, after a year long delay because it needed to improve its battery technology.
The delay lands both the firm and customers in a slightly awkward situation. The worldwide run on solar power equipment seemed overly justified when oil prices spiked. Now that the price of oil is in the 40 dollar bracket, what should solar be priced at? Meraki has found a creative way around this stumbling block. Customers can bring their own panels! They’re selling solar Wifi solutions for apartment blocks or businesses and small communities at $749 a piece for a bring-your-own-panel model up to $1,499 for areas with shorter days or less light which require a battery.
The Europeans are serious about deploying nanotechnology to wean countries off fossil fuels in the next century.
And the good news is that there´s considerable interest from countries around the globe in a round-the-clock solar grid. The logic being that because the sun consistently shines on some part of the planet, we might as well make the most of this constant source of energy.
The ground tone at the recent European Science Foundation conference about Nanotechnology for Sustainable Energy left me with little to guess about; Europe is ready to accelerate development of nano technologies.
The conference focused on solar energy rather than on other sustainable energy sources such as wind. Solar is highly compatible with nanotechnology not least because solar energy conversion holds the greatest promise as a durable replacement of fossil fuels. (more…)
The debate about climate change will see politicians become sharply polarized between cap-and-trade supporters and carbon tax proponents.
There’s no precedent for a carbon tax, but it’s definitely a viable alternative to carbon trading, it appears. Last week, even Exxon Mobil Corp.’s chief executive officer Rex Tillerson said he’s in favor of taxing carbon dioxide emissions. “[It’s] a more direct and transparent approach,” Tillerson said, comparing the tax to trading carbon. (more…)
President Barack Obama’s plans to increase the production of renewable energy to double the current levels by 2012 and one of his first acts has been to provide $30 billion in tax incentives to this industry. That was $10 billion more than had been anticipated. The move supports the optimism of the people who anticipate surging growth in the green jobs market.
Recent research by think tank and academic institutions shows that significant job increases in the green sector is expected. The reports provide helpful information for people interested in employment in a green job. Many of them offer detailed information of anticipated growth per sector and region, which is exactly what job seekers need.
A recent survey of the Academy for Educational Development (AED) advises green job seekers to consider a community college as their ‘dream school’.
Coca-Cola Co. and PepsiCo are reportedly readying their manufacturing units to replace artificial sweeteners in their beverages with an all natural sweetener called Stevia. The Food and Drug Administration (FDA) is expected to give thumbs up this week to Stevia, a natural plant extract which has been in use for hundreds of years already in Latin America.
Cokes enriched with Stevia, also known as sweet leaf or sugar leaf, will have all the sweetness of sugar but none of the calories or carbohydrates, and a zero glycemic index. The plant, which already has holy grail status in the industry, will likely be adopted in many fizzy drinks and other beverages if it gets approved.
Admittedly, it’s a bit obscene to talk of a new bull market now that Wall Street is heavily sick and in need of a trillion dollar bailout. But perhaps it makes sense to do it anyway because it’s very likely that the next bull’s going to be colored brightly green.
Green investing is set to become easier as new markets are emerging and platforms dedicated to the general grey economy’s pollution problems begin to take off in earnest. “A whole new multibillion-dollar green economy will rise–and with it the kind of massive financial opportunity that could get not only America but also Wall Street back on its feet”, writes to Glenn Hurowitz in a report entitled “The Next Bull Market” in The Nation.