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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. More than half the subsidies for renewables—$16.8

Renewable 338
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Perspective: The Role of Offsets in Climate Change Legislation

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This article shows that including offsets in climate change legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. Assuming the offset is legitimate—i.e.,

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UOP/Solazyme Neat Renewable Diesel from Algae Oil Powers Vehicle at United Nations Climate Change Conference

Green Car Congress

One of those vehicles is a Mercedes-Benz E-Class powered by unblended renewable diesel produced by UOP’s Ecofining process ( earlier post ), using oil from algae provided by Solazyme. UOP launched its Renewable Energy & Chemicals business in late 2006. Earlier post.).

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Aemetis closes $30M equity investment for biomethane pipelines and dairy digesters to produce below zero carbon renewable natural gas (RNG)

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Dairies produce about 25% of California’s methane emissions and have become targets of carbon regulations aimed to reduce climate change. Founded in 2006, Aemetis owns and operates a 60 million gallon per year ethanol production facility in California’s Central Valley, near Modesto.

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Growing Number of EU Countries Levying CO2 Taxes on Cars and Incentivizing Plug-ins

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EU countries with CO 2 -based taxation policies by year since 2006. By April last year, sixteen Member States had CO 2 -related taxation, up from fourteen in 2008, eleven in 2007 and nine in 2006. Generally, registration taxes threaten fleet renewal. Tags: Climate Change Emissions Europe Plug-ins Policy.

Tax 268
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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).

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