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Effective today, The ROBERT | CHARLES Group is discontinuing our postings and links to content and news for investing in worldwide cap and trade and sustainable energy markets. This blog will be phased out in the coming days and weeks.

Thursday, February 9, 2012

Here is the WSJ article oft-cited by opponents of cap and trade - read what the physicists have to say for yourself

Sixteen Concerned Scientists: No Need to Panic About Global Warming - WSJ.com

In September, Nobel Prize-winning physicist Ivar Giaever, a supporter of President Obama in the last election, publicly resigned from the American Physical Society (APS) with a letter that begins: "I did not renew [my membership] because I cannot live with the [APS policy] statement: 'The evidence is incontrovertible: Global warming is occurring. If no mitigating actions are taken, significant disruptions in the Earth's physical and ecological systems, social systems, security and human health are likely to occur. We must reduce emissions of greenhouse gases beginning now.' In the APS it is OK to discuss whether the mass of the proton changes over time and how a multi-universe behaves, but the evidence of global warming is incontrovertible?"

REBUTTAL:

Last month the Wall Street Journal published an op-ed by “16 scientists and engineers” headlined “No Need to Panic About Global Warming.” The article was easily debunked. It was nothing but a mash-up of long-since-disproved arguments by people who turned out mostly not to be climate scientists at all, quoting other scientists who immediately said their actual work showed just the opposite.

Cap and trade gives California an eye full of dividends and deficit cuts

California eyes dividends, deficit cuts from cap-and-trade | Reuters

Feb 9 (Reuters) - Revenue raised by California's greenhouse-gas emissions trading program could be distributed to state residents to offset higher fuel costs or used to reduce the state's projected deficits, a state budget watchdog agency said on Thursday.

If CO2 is a supersize order of fries, nitrogen is that small cup of ketchup

Trees find the nitrogen they need, even in a super-size CO2 world

In the fast-food world of trees, let’s say carbon dioxide is like French fries, and nitrogen is like catsup. Suppose those trees suddenly had extra servings of French fries, but the catsup ration stayed put.

Green Design Will Save the World

Bory's Anabatic Office Makes Use of Natural Winds to Keep Cool In a Hot & Humid Climate


Paris-based architecture firm Betillon/Dorval-Bory has envisioned a modern facility for the new Fundecor office in the Sarapiqui region in Costa Rica. As the non-profit is dedicated to the preservation of the environment, they wanted an office that would reflect their ideals and sought ideas to maximize sustainability. Betillon/Dorval-Bory's proposal made use of climatic architecture to passively cool the Anabatic Office through natural ventilation, and the office building is carefully engineered to pull in fresh air at one side, releasing it on the other to create a constant stream of cooling and superior ventilation.


San Fran and the great bag ban!

San Francisco To Expand Ban on Plastic Bags

Almost five years ago, San Francisco became the first American city to ban plastic shopping bags from supermarkets and chain pharmacies. Now the city is poised to expand that ban to all retail stores and restaurants within the city limits. Only certain products, like newspapers, fish, poultry, fresh flowers, and bulk goods are exempted from the ban. The San Francisco Board of Supervisors voted unanimously to expand the ban, and it’s expected to be officially approved next week.


A 13 year old creating solar cell trees. No big deal.

13-Year-Old Makes Solar Power Breakthrough by Harnessing the Fibonacci Sequence


While most 13-year-olds spend their free time playing video games or cruising Facebook, one 7th grader was trekking through the woods uncovering a mystery of science. After studying how trees branch in a very specific way, Aidan Dwyer created a solar cell tree that produces 20-50% more power than a uniform array of photovoltaic panels. His impressive results show that using a specific formula for distributing solar cells can drastically improve energy generation. The study earned Aidan a provisional U.S patent – it’s a rare find in the field of technology and a fantastic example of how biomimicry can drastically improve design.



Hospital stocks losing lots of luster.

Universal Health Services: A Different Kind of Hospital Stock




Hurt by a weak economy and worries about cuts in government health-care spending, hospital stocks lost a lot of luster last year. And Universal Health Services (ticker: UHS) got tarnished right along with the rest. Though up 29% since October, the stock, trading at less than $42 a share, sits 27% below the multiyear high it reached last May and has fallen further than rivals LifePoint Hospitals (LPNT), Community Health Systems (CYH) and HCA Holdings (HCA), as well as the broader AMEX Morgan Stanley Healthcare Provider Index.

Climate Denial And The "Great Carbon Bubble"

Bill McKibben: Climate Denial Is Creating "The Great Carbon Bubble" | Media | AlterNet

Last month the Wall Street Journal published an op-ed by “16 scientists and engineers” headlined “No Need to Panic About Global Warming.” The article was easily debunked. It was nothing but a mash-up of long-since-disproved arguments by people who turned out mostly not to be climate scientists at all, quoting other scientists who immediately said their actual work showed just the opposite. Telling the truth about climate change would require pulling away the biggest punchbowl in history. That's why the fight is so pitched. If we could see the world with a particularly illuminating set of spectacles, one of its most prominent features at the moment would be a giant carbon bubble, whose bursting someday will make the housing bubble of 2007 look like a lark. As yet — as we shall see — it’s unfortunately largely invisible to us.

Low-cost, low-carbon future in West for advanced power grid model

Advanced power-grid model finds low-cost, low-carbon future in West

The least expensive way for the Western U.S. to reduce greenhouse gas emissions enough to help prevent the worst consequences of global warming is to replace coal with renewable and other sources of energy that may include nuclear power, according to a new study by University of California, Berkeley, researchers. The experts reached this conclusion using SWITCH, a highly detailed computer model of the electric power grid for the states west of the Kansas/Colorado border that will be an important tool for utilities and government planners.

Does Energy Efficient Technology Make Buildings More Energy Efficient? The Answer May Not Be So Obvious

Law and the Environment

ClimateWire had a fascinating story on Monday about federal efforts to increase the energy efficiency of buildings, which are estimated to consume about 40% of our nation’s energy. The story concerns the less than inspiringly-named Greater Philadelphia Innovation Cluster for Energy-Efficient Buildings, which is seeking to substantially alter how building owners think about energy efficiency and the use of technology.

Businesses believe that The Chief of Sustainability position includes a "someone else's problem" mind set about sustainability.

Are Chief Sustainability Officers on their Way Out?


Some businesses are rejecting the chief sustainability officer model, in the fear that such a position prevents sustainability getting embedded throughout the company’s operations, according to a white paper from Accenture. The Chief Executive Officer’s Perspective (pdf), the first in Accenture’s Lessons from Leaders series, says that the CSO has risen significantly in prominence since 2004, when the first such position was created in the U.S. The key advantage of having such a position is that it clearly demonstrates sustainability’s importance to the organization, Accenture says.

California Carbon Emissions Blocked By Federal Court

Federal Court Blocks California Carbon Emissions Rule | Heartlander Magazine

A federal district court has put a temporary stop to a California Air Resources Board (CARB) rule restricting carbon dioxide emissions from transportation fuels. According to the court, the rule violates the U.S. Constitution’s Commerce Clause by discriminating against oil and biofuel producers located outside the state of California. The court’s Dec. 29 decision did not take issue with CARB’s asserted authority to impose carbon dioxide restrictions and stringent reporting requirements. The decision requires CARB rules to avoid discriminating against fuel sources based on where they are produced.

California Shows Solar Panels Sometimes Go Against Local Ecosystems

Solar Panels Sometimes Pit Global Warming Against Local Ecosystems | 80beats | Discover Magazine

Solar energy has been enjoying its day in the sun with massive federal subsidies, but the energy taken from sunlight also has a dark side. Building these plants in the American West destroys large swathes of the desert ecosystem. Cacti must be mowed down and local wildlife displaced to make room for the giant mirrors that will essentially carpet the desert. The LA Times has a great feature on the Ivanpah project in the Mojave that began construction in October 2010.

Tell these folks that climate change is all al hoax!

The Continent Where Climate Went Haywire | Global Warming | DISCOVER Magazine

“The river came up to right where we’re sitting, and the waters were more than two feet deep,” Peter Goodwin tells me in the driveway of his ranch-style house perched on the banks of the Balonne River in St. George, a village of 3,500 in eastern Australia. It is a drizzly Sunday afternoon in April, three months after a devastating flood that drenched a landmass the size of France and Germany combined and isolated the town after the rain-swollen river rose to a record 45 feet.

Is there a "Great Carbon Bubble"?

Middle East Online: The Great Carbon Bubble

Why the Fossil Fuel Industry Fights So Hard - If we could see the world with a particularly illuminating set of spectacles, one of its most prominent features at the moment would be a giant carbon bubble, whose bursting someday will make the housing bubble of 2007 look like a lark. As yet -- as we shall see -- it’s unfortunately largely invisible to us. In compensation, though, we have some truly beautiful images made possible by new technology. Last month, for instance, NASA updated the most iconic photograph in our civilization’s gallery: “Blue Marble,” originally taken from Apollo 17 in 1972. The spectacular new high-def image shows a picture of the Americas on January 4th, a good day for snapping photos because there weren’t many clouds.

Latest Carbon News Headlines


Point Carbon Latest News


EU ETS to cost SAS Group 14.7 mln euros in 2012

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The inclusion of Scandinavian air carrier SAS in Europe’s Emission Trading Scheme (ETS) will cost th…
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Markets

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UPDATE 1: UK sells 3.5 mln EUAs at 8.11 euros each

The UK government on Thursday sold 3.5 million spot EU Allowances at 8.11 euros each in its latest c…
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Markets

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Airlines face $670 mln carbon pollution charge in 2012: study

Airlines face a carbon pollution bill of 505 million euros ($670 million) for this year under a cont…
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Markets

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EUAs steady ahead of UK auction, EIB data

European carbon prices were steady on Thursday as gas rebounded from big losses posted the previous…
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Domestic policy

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California eyes $40 bln in CO2 revenue for rail project

The sale of CO2 permits to polluters could net California up to $40 billion over the life of its cap…
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Markets

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EUAs fall 3.9 pct on weaker energy ahead of UK sale

European carbon dropped 3.9 percent on Wednesday following falls in power and gas prices as traders…
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Markets

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Airlines seek compromise as EU carbon debate hots up

A debate between European policymakers and foreign governments over the EU’s airline emissions tradi…
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Latest news

09 Feb 12 12:41   EU energy saving law hit by amendments avalanche 
09 Feb 12 12:27   Vattenfall says 53 pct of 2013 power hedged 
09 Feb 12 12:21   EU ETS to cost SAS Group 14.7 mln euros in 2012 
09 Feb 12 11:07   UPDATE 1: UK sells 3.5 mln EUAs at 8.11 euros each 
09 Feb 12 10:54   NZ carbon rises for fourth week, ends at NZ$7.85 
09 Feb 12 10:52   EUAs steady ahead of UK auction, EIB data 
09 Feb 12 09:56   Australia risks missing renewable target: report 
09 Feb 12 09:35   Australia appoints carbon trade chief 
09 Feb 12 06:47   Airlines face $670 mln carbon pollution charge in 2012: study 
08 Feb 12 23:38   California eyes $40 bln in CO2 revenue for rail project 
08 Feb 12 17:30   EUAs fall 3.9 pct on weaker energy ahead of UK sale 
08 Feb 12 13:53   Airlines seek compromise as EU carbon debate hots up 
08 Feb 12 13:26   ICE to launch EU carbon permits for aviation Feb. 27 
08 Feb 12 13:01   Set-aside should not lift EUAs over 30 euros: policymakers 
08 Feb 12 12:44   Russia issues 462 mln Kyoto permits 
08 Feb 12 10:43   S.Korea CO2 scheme passes hurdle, awaits parliament vote 
08 Feb 12 10:37   Business calls on MEPs to vote against CO2 market set-aside 
08 Feb 12 01:23   U.S. aviation bill heads to White House 
07 Feb 12 20:31   New Mexico regulators pull plug on WCI participation 
07 Feb 12 18:35   Italy’s Kyoto gap widens in 2010, as GHGs rise 2.2 pct 
07 Feb 12 17:24   EU carbon flat ahead of auctions 
07 Feb 12 16:56   ArcelorMittal books $93 mln profit from CO2 sales, down 36 pct 
07 Feb 12 16:55   UPDATE 1: Russia transfers 1m ERUs to Gazprom, Lukoil 
07 Feb 12 13:18   Cold weather drives UK emissions up 3.1 pct in 2010: govt 
07 Feb 12 12:13   China says to defend against EU emissions plan

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Alcoa keeps whining about its so-called "carbon hit"

Alcoa seeks extra funds to offset carbon price hit | The Australian

THE Gillard government will be pressured by global aluminium giant Alcoa and Victoria to cut a better deal under the carbon tax for its struggling Point Henry aluminium smelter in Geelong as part of a broader assistance package to save 600 jobs at the plant.
Victoria will push the federal government to design an automotive-style bailout for the smelter, which Alcoa has placed under review amid a surging Australian dollar and collapsing metal prices, and ahead of the extra impost of the carbon tax from July 1.

Mexico's wind energy is taking off

Mexico's wind energy sector experiencing rapid growth - Yahoo!

Mexico City, Feb 9 (IANS/EFE) Mexico's wind power sector is playing an expanding role in the global development of that renewable energy source, having just achieved the milestone of 1,000 Megawatts of installed generating capacity, a sector leader said Wednesday.

An interactive map showing which countries are responsible and for how much climate change

Which nations are really responsible for climate change - interactive map | Environment | guardian.co.uk

There are many ways to view the world's carbon emissions: by national totals or emissions per person; by current carbon output or historical emissions; by production of greenhouse gases or consumption of goods and services; by absolute emissions or economic carbon intensity. Our interactive map allows you to browse all of these different measurements, each of which provides a different insight. Together they highlight the complexity of divvying up responsibility for climate change and some of the tensions at the heart of the global climate negotiations.

Which nations are most responsible for climate change?

Duncan : Q&A : CO2 worst emitter
A scientist standing in front of a globe during the UN climate conference in Copenhagen. Photograph: Axel Schmidt/AFP/Getty Images
There are many different ways to compare the carbon footprints of the world's nations. These include total emissions, per capita emissions, historical emissions and emissions as measured by consumption as opposed to production. Each gives a different insight – and none tells the whole story on its own. Following is quick guide to the data.

Current CO2 emissions

The simplest and most widely cited way to compare the emissions of countries is to add up all the fossil fuels burned in each nation and convert that into CO2. According to 2009 data from the US Energy Information Administration, the top 10 emitters by this measure are:
1. China: 7,711 million tonnes (MT) or 25.4%
2. US: 5,425 MT or 17.8%
3. India: 1,602 MT or 5.3%
4. Russia: 1,572 MT or 5.2%
5. Japan: 1,098 MT or 3.6%
6. Germany: 766 MT 2.5%
7. Canada: 541 MT or 1.8%
8. South Korea: 528 MT or 1.7%
9. Iran: 527 MT or 1.7%
10. UK: 520 MT or 1.7%
See all countries

All greenhouse gas emissions

The problem with focusing purely on CO2 from burning fossil fuels is that it ignores other greenhouse gases and non-fossil-fuel sources of CO2. When these are included, the figures change considerably, with countries such as Brazil and Indonesia shooting up the list due to emissions caused by deforestation. Recent data isn't available, but as of 2005, the top 10 emitters as measured in total greenhouse gases looked like this:
1. China: 7,216 MT or 16.4%
2. US: 6,931 MT or 15.7%
3. Brazil: 2,856 MT or 6.5%
4. Indonesia: 2,046 MT or 4.6%
5. Russia: 2,028 MT or 4.6%
6. India: 1,870 MT or 4.2%
7. Japan: 1,387 MT or 3.1%
8. Germany: 1,005 MT or 2.3%
9. Canada: 808 MT or 1.8%
10. Mexico: 696 MT or 1.6%
See all countries (free registration required)

Emissions per capita

Comparing nations can be misleading, given their vastly varied sizes and populations. To get a more meaningful picture, it's essential also to consider emissions on a per-person basis. From this perspective, the list is topped by small countries with energy-intensive industries such as Qatar and Bahrain, and the large developing nations such as India and China look significantly less polluting. Here's a selection of countries and their per-person CO2 emissions from burning fossil fuels:
Australia: 19.6 tonnes
United States: 17.7 tonnes
Russia: 11.2 tonnes
Germany: 9.3 tonnes
UK: 8.4 tonnes
China: 5.8 tonnes
World average: 4.5 tonnes
India: 1.4 tonnes
Africa average: 1.1 tonnes
Chad: 0.03 tonnes
See all countries
As with national emissions, this list would look different if all greenhouse gases were included.

Historical emissions

Since carbon dioxide added to the atmosphere can stay there for centuries, historical emissions are just as important – or even more important – than current emissions. The tricky question of historical responsibility is one of the key tensions in the process of negotiating a global climate deal. The following figures from the World Resources Institute show the top 10 nations as measured by their cumulative emissions between 1850 and 2007. The US tops the list by a wide margin.
1. US: 339,174 MT or 28.8%
2. China: 105,915 MT or 9.0%
3. Russia: 94,679 MT or 8.0%
4. Germany: 81,194.5 MT or 6.9%
5. UK: 68,763 MT or 5.8%
6. Japan: 45,629 MT or 3.87%
7. France: 32,667 MT or 2.77%
8. India: 28,824 MT or 2.44%
9. Canada: 25,716 MT or 2.2%
10. Ukraine: 25,431 MT or 2.2%
See all countries
Of course, it's also possible to look at historical emissions per person, which turns things around yet again. In this view, the UK shoots close to the top of the rankings, while China drops towards the bottom.
1. Luxembourg: 1,429 tonnes
2. UK: 1,127 tonnes
3. US: 1,126 tonnes
4. Belgium: 1,026 tonnes
5. Czech Republic: 1,006 tonnes
6. Germany: 987 tonnes
7. Estonia: 877 tonnes
8. Canada: 780 tonnes
9. Kazakhstan: 682 tonnes
10. Russia: 666 tonnes
See all countries

Consumption emissions

Imported and exported goods add another layer of complexity to the equation. Many commentators argue that focusing on where emissions are produced is unfair, because much of the carbon output of countries such as China are generated as a result of producing goods that are ultimately consumed in richer nations. If emissions are measured in terms of consumption rather than production (that is, each country's exports are excluded from its footprint, and its imports added) the tables turn yet again. The most widely cited international dataset for consumption emissions, from 2001, is rather out of date, but it still provides interesting insights. Here's the top 10 for consumption emissions per capita, including all greenhouse gases:
1. US: 29 tonnes
2. Australia: 21 tonnes
3. Canada: 20 tonnes
4. Switzerland: 18 tonnes
5. Finland: 18 tonnes
6. Netherlands: 17 tonnes
7. Belgium: 17 tonnes
8. Ireland: 16 tonnes
9. Cyprus: 16 tonnes
10. UK: 15 tonnes
See all countries
By contrast, China comes in at just 3.1 tonnes, and India at 1.8 tonnes.

World's biggest offshore windfarm opens for business today

World's biggest offshore windfarm to open off Cumbria | Environment | The Guardian

The new energy secretary, Lib Dem MP Ed Davey, will face down the growing army of renewable power critics inside the coalition by making his first major outing a visit to a wind project. He will open the world's biggest offshore windfarm on Thursday – the £1.2bn Walney scheme, off Cumbria, with more than 100 turbines generating enough power for 320,000 homes.

US Environmental Protection Agency Explains "Cap and Trade"

Cap and Trade | US EPA

Cap and trade is an environmental policy tool that delivers results with a mandatory cap on emissions while providing sources flexibility in how they comply. Successful cap and trade programs reward innovation, efficiency, and early action and provide strict environmental accountability without inhibiting economic growth.
The information and data contained on this website was obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Information provided on this website is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed on will be the full responsibility of the person authorizing such transaction.