August 17, 2007
Business Cashes In On Green Wave
The U.S. Europe and Japan are locked in a frantic race to cash in on the exploding business of saving the planet, The International Herald Tribune reports.
Britain has emerged as the clear leader in carbon fund management, according to the article, with 72 percent of private carbon funds and 50 percent of all carbon funds being managed out of London. About $30.4 billion of allowances were traded last year, representing 1.6 billion tons of CO2, double the volume of 2005. New Energy Finance estimates that $33.8 billion carbon credits will be needed to meet targets under the Kyoto Accord and the European Emissions-Trading Scheme by 2012.
Silicon Valley is leading the way in attracting venture capital for green technologies. New Energy Finance, which tracks all investment flows in the clean energy market, said 1,250 capital and private equity funds were investing in companies involved in the market in 2006.
And Japan’s Toyota has sold more than a million Prius hybrid models – clearly leading the automotive sector.
What could hinder the green wave? A sustained fall in the world’s steep oil prices could make investment in alternatives to fossil fuels seem less attractive, according to IHT. And to sustain business’ new attraction to clean energy, governments must maintain, or even step up, efforts to cut carbon emissions.
Advertisers
Make sustainability part of your strategy.
Get equipped at the SAP Sustainability Resource Center. >>
EFFECTIVELY MANAGE WATER COMPLIANCE
Understand how increased enforcement may affect your company. Find out more >>
EPA mandatory emissions reporting starts Jan 1st
CSA Standards can help your organization get ready for compliance. Find out how. >>
Recent Daily News [ see all ]
- 11/09/2009
- 11/06/2009
- 11/05/2009
- Emissions Intensity Falling Globally
- JohnsonDiversey Ups GHG Reduction Target to 25%
- Sainsbury’s Offers Free London Electric Car Charging
- Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic Crash
- Peabody, Exxon Accused of Undermining Climate Talks
- BMW, Toyota, Ford Tout Eco-cars
- In ‘Apathy Gap,’ Energy Efficiency at Home Ranks Low
- China Pushes for CO2 Storage, Not Emissions Reductions
- Clean Tech VC Funding On Rebound, Up 50% Since 2nd Quarter
- IECC Building Code Recommendations Add Up to 30% in Energy Efficiency Gains
- Disney Buys $7M in Reforestation Offsets, a Corporate Record
- McKesson to Save $300K Via Fuel-Efficient Vehicles
- Sprint to Save $2.1M With Eco-Friendly Packaging
- U.S. Export-Import Bank Adopts Carbon Policy to Support Renewable Energy
- Greening the Automotive Supply Chain
- Yokohama Rubber Cuts GHG Emissions 13.4% in 2008
- Electronics Industry Lawsuit Called ‘Attack on States’ Rights’
- Wal-Mart Adding LEDs to 650 Stores
- One Committee Down for Senate Climate Bill, Five More to Go
- EU Poised to Give Heavy Industry Free Carbon Permits
Industry Voices [ see all ]
A Roadmap for a Renewable Energy Partnership
Brad Cashaw
Vice President
Quaker Foods and Snacks Supply Chain and Sustainability
Forest Carbon Core to Climate Change Deal
Chris Elliott
Forest Carbon Initiative Lead
World Wildlife Fund
VCS and CarbonFix Tops in Review of Forestry Carbon Standards
Paulo Lopes
Carbon Management Consultant
Carbon Clear
Join the Discussion