Updated: 5/16/2006; 10:34:24 AM.

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daily link  Sunday, December 22, 2002


Corporate interest in socially responsible policies: "The Calvert Group recently commissioned Harris Interactive to conduct a survey on investor interest in socially responsible investment (SRI) issues and strategies in the current uncertain economic and political atmosphere.  Some 72 percent of those polled report that recent world and economic events have affected their investing behavior. As a result, almost two-thirds (65 percent) seek more disclosure about their investments.  .. A recent survey of Fortune 1000 CEOs found that, while 52 percent think their corporations are acting responsibly to communities around the world and 82 percent believe in global warming, only 24 percent believe business practices have had a major impact on global warming. "  11:53:13 PM  permalink  

China starts Asian Development Bank project on CDM: Oct 2002: "China, with the help of the ADB started an environmental project to explore opportunities in the nation for the institution of the Clean Development Mechanism (CDM) in the energy sector. The project, which involves US$775,000 in ADB technical assistance, is also aimed at developing a set of national guidelines for identifying and developing eligible CDM projects in China. .. At present, the world average consumption of oil for every US$10,000 of gross domestic production is 2.81 tons, official statistic showed. The figure for the United States is 2.78 tons and for Japan, 0.96 tons. The consumption figure for China is 10.67 tons and for Russia, 17 tons. Matthew Mendis, an official from the US International Resources Group, said China's western regions will be the project's priority target. In Gansu Province and the Guangxi Zhuang Autonomous Region, four small-scale renewable energy and energy-efficiency projects will be implemented during the 12-month project, said Mendis. "  11:50:43 PM  permalink  

The International Emissions Trading Association (IETA) launches online database of GHG emissions trading markets: It covers all greenhouse gas emissions trading schemes globally.  "The IETA database, produced by Point Carbon covers all relevant characteristics of the thirty-six international, regional, national, state/city-level and company-internal schemes of which information is currently available. It allows for cross-reference comparisons of all schemes according to jurisdiction, type of targets, coverage (sectors, activities, gases), participation (voluntary/mandatory, changes in population), compliance period, banking and borrowing, monitoring and registries, liability regime, taxation and transaction costs, compliance mechanism, the role of project-based mechanisms, and the allocation method used."  Query page and sample output.  11:47:45 PM  permalink  

The Chicago Climate Exchange: "The CCX project has been developed by 28 large companies, including Ford, DuPont and BP America, with the cities of Chicago and Mexico city, a group that emits 700m tonnes of carbon dioxide each year, more than Britain does."  This may be modelled on BP's successful internal trading program which cut emissions to 10% below 1990 levels in under 4 years with substantial economic side benefits (details available).  11:40:15 PM  permalink  

Carbon Finance at the World Bank: Guide to 5 projects at the Bank related to GHG emissions trading and reduction.  The Prototype Carbon Fund (PCF), established in 2000 with $180m and several projects in progress.  In 2002 they have added The Community Development Carbon Fund (CDCF) for smaller community-based projects, and The BioCarbon Fund for projects involving sequestration in agriculture or forestry, at $100m each.  Projects involving Netherlands purchases of credits, and the Bank's internal GHG emissions, are also listed.  Reference is also made to the International Emissions Trading Association (IETA).  A recent article makes some points:

  • It is difficult to prove that the credit accurately represents the difference in greenhouse gas emissions created by the clean energy product. The PCF has created 10 different rationales for establishing baselines in just 26 projects.
  • With the United States standing on the sidelines, the World Bank estimates that demand for the credits is almost halved, which halves their value too.
  • A year ago the PCF was predicting that prices could range from zero to $7 to $8 per ton of CO2 equivalent (CO2e), but the majority of credits bought and sold since the inception of the market were priced in the range of $1 to $3.50 per ton of CO2e. 

Meanwhile, the Dutch CERUPT program for CDM projects in developing countries is advertising a willingness to purchase credits at EUR 3.30 - 5.50 (US $3-5) per ton with a minimum size of 100,000 ton CO2e.

  11:28:50 PM  permalink  

 

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Last update: 5/16/2006; 10:34:24 AM.