London, England [RenewableEnergyAccess.com] New Energy Finance's Global Energy Innovation Index (GEIX) has completed the first quarter since its launch. GEIX tracks the performance of the largest 50 pure-play quoted renewable and low-carbon energy technology companies worldwide.
"It's too early to tell whether the very marked 'Kyoto Effect' is a one-off, or whether it will drive a sustained divergence in the value of new energy stocks in Kyoto and non-Kyoto countries," said Michael Liebreich, CEO/Founder of New Energy Finance
Although as a whole the index is up only 0.25% since the beginning of the 2005, a closer analysis of the fund shows what the company believes is very significant "Kyoto Effect," based on the recently enacted national policy to control global emissions of carbon dioxide.
Read the whole story
http://www.renewableenergyaccess.com/rea/news/story?id=24776
Friday, April 08, 2005
Thursday, April 07, 2005
Duke Energy CEO proposes 'carbon tax'
Posted on Thu, Apr. 07, 2005
PAUL NOWELL
Associated Press
CHARLOTTE, N.C. - Duke Energy Corp. will lobby for a tax on carbon dioxide emissions that would reduce fossil fuel consumption and begin dealing with the global warming problem, the company's chairman said Thursday.
"Personally, I feel the time has come to act - to take steps as a nation to reduce the carbon intensity of our economy," Paul Anderson told several hundred Charlotte business and civil leaders at a breakfast meeting. "And it's going to take all of us to do it."
Anderson acknowledged a national carbon tax would mean bigger utility bills and higher prices at the gas pump. But unless industry leaders take the lead, he said, the long-term outcome could be even more disastrous.
"If we (the U.S. energy industry) ignore the issue, we would be the easy target," he said. "The worst scenario would be if all 50 states took separate actions and we have to comply with 50 different laws."
Anderson's speech was a follow-up to a letter he wrote last week to shareholders that accompanied the Charlotte-based company's annual report. In the letter, Anderson vowed to be proactive in shaping national policy on global warming and climate change.
In his letter, Anderson said political leaders must break through the congressional stalemate on multi-pollutant legislation and formulate a new national energy policy.
Duke Energy, which ranked 86th in the recent Fortune 500 list, is not the only large U.S. energy firm to address global warming as a key policy concern. Cincinnati-based Cinergy Corp. also addressed the issue in an annual report issued last week.
"As a major coal-burning utility, some might expect us to duck this issue," wrote Cinergy Chairman James Rogers. "But avoiding the debate over global climate change and failing to understand its consequences are not options for us."
Duke Power Co., Duke Energy's regulated utility, relies heavily on coal and nuclear energy to produce nearly all its power.
After his speech, Anderson acknowledged he does not expect to see a carbon tax enacted under President Bush. Bush withdrew the United States from participation in the Kyoto Protocol, an international global warming treaty that took effect in February.
The Kyoto Treaty requires more than 30 industrial countries to reduce their emissions of six greenhouse gases by a combined average of 5.2 percent below 1990 levels by 2012.
PAUL NOWELL
Associated Press
CHARLOTTE, N.C. - Duke Energy Corp. will lobby for a tax on carbon dioxide emissions that would reduce fossil fuel consumption and begin dealing with the global warming problem, the company's chairman said Thursday.
"Personally, I feel the time has come to act - to take steps as a nation to reduce the carbon intensity of our economy," Paul Anderson told several hundred Charlotte business and civil leaders at a breakfast meeting. "And it's going to take all of us to do it."
Anderson acknowledged a national carbon tax would mean bigger utility bills and higher prices at the gas pump. But unless industry leaders take the lead, he said, the long-term outcome could be even more disastrous.
"If we (the U.S. energy industry) ignore the issue, we would be the easy target," he said. "The worst scenario would be if all 50 states took separate actions and we have to comply with 50 different laws."
Anderson's speech was a follow-up to a letter he wrote last week to shareholders that accompanied the Charlotte-based company's annual report. In the letter, Anderson vowed to be proactive in shaping national policy on global warming and climate change.
In his letter, Anderson said political leaders must break through the congressional stalemate on multi-pollutant legislation and formulate a new national energy policy.
Duke Energy, which ranked 86th in the recent Fortune 500 list, is not the only large U.S. energy firm to address global warming as a key policy concern. Cincinnati-based Cinergy Corp. also addressed the issue in an annual report issued last week.
"As a major coal-burning utility, some might expect us to duck this issue," wrote Cinergy Chairman James Rogers. "But avoiding the debate over global climate change and failing to understand its consequences are not options for us."
Duke Power Co., Duke Energy's regulated utility, relies heavily on coal and nuclear energy to produce nearly all its power.
After his speech, Anderson acknowledged he does not expect to see a carbon tax enacted under President Bush. Bush withdrew the United States from participation in the Kyoto Protocol, an international global warming treaty that took effect in February.
The Kyoto Treaty requires more than 30 industrial countries to reduce their emissions of six greenhouse gases by a combined average of 5.2 percent below 1990 levels by 2012.
Thursday, March 24, 2005
European Wind Power Helped by Danish Report
MADRID - Shares in Europe's biggest quoted wind turbine companies Vestas Wind Systems, NEG Micon and Gamesa rose last week thanks to a report estimating the global wind power market would grow by 11 percent a year between now and 2007.
Shares in Vestas added 2.9 percent, NEG tacked on 3.6 percent and Gamesa gained 2.4 percent by 1200 GMT.
The growth forecast is lower than windpower consultancy BTM's last five-year estimate a year ago but even so wind power production is expected to rise 24 percent this year alone and by 2012 should account for two percent of world electricity consumption.
"Gamesa's rise is related to this news," said Mariano San Martin, a trader at Spanish broker Ibersecurities.
Danish companies Vestas and NEG Micon rank first and third among world wind power producers with Germany's privately-owned Enercon second and Gamesa fourth.
http://www.planetark.com/avantgo/dailynewsstory.cfm?newsid=20245
Shares in Vestas added 2.9 percent, NEG tacked on 3.6 percent and Gamesa gained 2.4 percent by 1200 GMT.
The growth forecast is lower than windpower consultancy BTM's last five-year estimate a year ago but even so wind power production is expected to rise 24 percent this year alone and by 2012 should account for two percent of world electricity consumption.
"Gamesa's rise is related to this news," said Mariano San Martin, a trader at Spanish broker Ibersecurities.
Danish companies Vestas and NEG Micon rank first and third among world wind power producers with Germany's privately-owned Enercon second and Gamesa fourth.
http://www.planetark.com/avantgo/dailynewsstory.cfm?newsid=20245
Tuesday, March 01, 2005
Climate Change and War
by Jeffrey Sachs, professor of economics and director of the Earth Institute at Columbia University
Visiting Africa's Sahel region, Jeffrey Sachs says it's clear that climate change is already driving warfare in Ethiopia and Sudan. This time, peacekeepers, sanctions and humanitarian aid are not going to cut it. Instead, the developed world needs to cut its emissions drastically while helping developing countries adapt—and fast.
British Prime Minister Tony Blair has declared that the two issues at the center of the G-8 Summit this July will be African poverty and global climate change. These may seem to be distinct issues. In fact, they are linked. A trip I took to a village in the Tigre region in northern Ethiopia shows why.
Read the whol article
Copyright: Project Syndicate, March 2005
Visiting Africa's Sahel region, Jeffrey Sachs says it's clear that climate change is already driving warfare in Ethiopia and Sudan. This time, peacekeepers, sanctions and humanitarian aid are not going to cut it. Instead, the developed world needs to cut its emissions drastically while helping developing countries adapt—and fast.
British Prime Minister Tony Blair has declared that the two issues at the center of the G-8 Summit this July will be African poverty and global climate change. These may seem to be distinct issues. In fact, they are linked. A trip I took to a village in the Tigre region in northern Ethiopia shows why.
Copyright: Project Syndicate, March 2005
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