MSDawg870 wrote:I went and recited my Save the Earth pledge, hopped on my private jet and flew home.
What a joke
Take Me Back Tuesday: GLOBAL WARMING CORRAL
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CEOs sign climate pledge at UN Global Compact
London, 12 July: Business chiefs from 153 global companies have called on governments to establish market mechanisms to tackle climate change, while committing to take practical steps to improve their own energy efficiency and cut the carbon intensity of their products.
The statement, 'Caring for climate: the business leadership platform', was signed at a 6 July Geneva summit of the UN Global Compact, where business, governments, civil society, trade unions and NGOs meet to advance 10 goals in the areas of human rights, labour, environment and corruption. Firms including Unilever, Coca-Cola, Airbus, South Korea's national rail operator Korail, Anglo American and major Spanish cement producer Cementos Portland Valderrivas, put their names to the agreement. Of the signatories, 30 come from the Fortune Global 100 ranking of the world's largest companies.
Georg Kell, executive director of the UN Global Compact, called the statement "a unique and significant business initiative, as it is both a call to governments and a commitment to action by business itself".
The statement, commits the companies to "practical actions to increase the efficiency of energy usage and to reduce the carbon burden or products, services and processes, to set voluntary targets for doing so and to report publicly on the achievement of those targets annually".
But it also calls on world governments to introduce regulations to curb climate change, with an emphasis on market solutions such as emissions trading. The chief executives pressed for the "urgent creation, in close consultation with the business community and civil society, of comprehensive, long-term and effective legislation and fiscal frameworks designed to make markets work for the climate, in particular policies and mechanisms intended to create a stable price for carbon".
Achim Steiner, executive director of the UN Environment Programme, said: "Climate change is shaping global markets and global consumer attitudes. There will be winners and losers. Companies who seize opportunities, who adopt environmental, social and governance policies and who evolve, innovate and respond to these challenges are likely to be the pioneers and industry leaders of the 21st century."
Also at the summit, the UN Global Compact published its first annual review, surveying the progress made by companies in applying its 10 principles. The review showed that the majority of companies have put in place policies on human rights, labour conditions, the environment and corruption.
But, in a separate report, consultants McKinsey & Company showed implementation is patchy in places. A full 90% of chief executives said they were doing more to incorporate environmental, social and governance issues into strategy and operations than they were five years ago. In addition, 75% said corporate responsibility should be fully embedded into strategy and operations – but only 50% said their firms are doing so.
Only 27% of CEOs said they were embedding corporate responsibility into global supply chains, although 59% agreed this should be done.
Kell said: "Companies must adopt a broader and deeper approach with respect to implementation of corporate responsibility principles."
Also at the Global Compact summit, the NGO AccountAbility released its Responsible Competitiveness Index, rating governments on their performance in encouraging corporate responsibility. Sweden took the top spot, scoring 81 overall, followed by Denmark, Finland, Iceland and the UK. Germany came in 11th place, with a score of 72.7. The US ranked 18th in the index, with 69.6 points. China took 87th place, just above Zimbabwe, with 47.2. Chad came in last place, with a score of only 35.1.
Simon Zadek, chief executive of AccountAbility, said: "Governments need to reshape global markets, otherwise markets will continue to damage people and the environment. The good news is that countries can compete responsibly and be successful, so long as governments and policy-makers can put in place the right frameworks. There needn't be a conflict between compassion and competitiveness. Sweden is a shining example of this."
Sign up to receive this weekly news service direct to your inbox
CEOs sign climate pledge at UN Global Compact
London, 12 July: Business chiefs from 153 global companies have called on governments to establish market mechanisms to tackle climate change, while committing to take practical steps to improve their own energy efficiency and cut the carbon intensity of their products.
The statement, 'Caring for climate: the business leadership platform', was signed at a 6 July Geneva summit of the UN Global Compact, where business, governments, civil society, trade unions and NGOs meet to advance 10 goals in the areas of human rights, labour, environment and corruption. Firms including Unilever, Coca-Cola, Airbus, South Korea's national rail operator Korail, Anglo American and major Spanish cement producer Cementos Portland Valderrivas, put their names to the agreement. Of the signatories, 30 come from the Fortune Global 100 ranking of the world's largest companies.
Georg Kell, executive director of the UN Global Compact, called the statement "a unique and significant business initiative, as it is both a call to governments and a commitment to action by business itself".
The statement, commits the companies to "practical actions to increase the efficiency of energy usage and to reduce the carbon burden or products, services and processes, to set voluntary targets for doing so and to report publicly on the achievement of those targets annually".
But it also calls on world governments to introduce regulations to curb climate change, with an emphasis on market solutions such as emissions trading. The chief executives pressed for the "urgent creation, in close consultation with the business community and civil society, of comprehensive, long-term and effective legislation and fiscal frameworks designed to make markets work for the climate, in particular policies and mechanisms intended to create a stable price for carbon".
Achim Steiner, executive director of the UN Environment Programme, said: "Climate change is shaping global markets and global consumer attitudes. There will be winners and losers. Companies who seize opportunities, who adopt environmental, social and governance policies and who evolve, innovate and respond to these challenges are likely to be the pioneers and industry leaders of the 21st century."
Also at the summit, the UN Global Compact published its first annual review, surveying the progress made by companies in applying its 10 principles. The review showed that the majority of companies have put in place policies on human rights, labour conditions, the environment and corruption.
But, in a separate report, consultants McKinsey & Company showed implementation is patchy in places. A full 90% of chief executives said they were doing more to incorporate environmental, social and governance issues into strategy and operations than they were five years ago. In addition, 75% said corporate responsibility should be fully embedded into strategy and operations – but only 50% said their firms are doing so.
Only 27% of CEOs said they were embedding corporate responsibility into global supply chains, although 59% agreed this should be done.
Kell said: "Companies must adopt a broader and deeper approach with respect to implementation of corporate responsibility principles."
Also at the Global Compact summit, the NGO AccountAbility released its Responsible Competitiveness Index, rating governments on their performance in encouraging corporate responsibility. Sweden took the top spot, scoring 81 overall, followed by Denmark, Finland, Iceland and the UK. Germany came in 11th place, with a score of 72.7. The US ranked 18th in the index, with 69.6 points. China took 87th place, just above Zimbabwe, with 47.2. Chad came in last place, with a score of only 35.1.
Simon Zadek, chief executive of AccountAbility, said: "Governments need to reshape global markets, otherwise markets will continue to damage people and the environment. The good news is that countries can compete responsibly and be successful, so long as governments and policy-makers can put in place the right frameworks. There needn't be a conflict between compassion and competitiveness. Sweden is a shining example of this."
European exchange trades 1bn tonnes of CO2
London, 12 July: More than 1 billion tonnes of carbon dioxide (CO2) have been traded on the European Climate Exchange (ECX) since its launch on 22 April 2005.
This included some 989 million tonnes (Mt) of futures contracts and 12.5Mt of options contracts, and represents an underlying market value of €18.3 billion ($25.2 billion), the ECX said on Tuesday.
Of the billion tonnes, 39% were screen trades directly through the exchange and 61% were cleared bilateral contracts or 'exchange for physicals', a clearing system for over-the-counter (OTC) trades made via brokers, which mitigates credit risk.
ECX chief executive Peter Koster said: "Europe is leading the international efforts to fight climate change. ECX is very pleased to be contributing with liquidity and transparency to the success of the European emissions market."
The figures put the ECX well ahead of other exchanges trading spot EUAs and futures and options contracts, but a significant tonnage is still traded on the OTC market.
Around 1.1 billion tonnes has been traded OTC since 22 April 2005, according to data compiled by the London Energy Brokers' Association (LEBA). This figure may slightly under-size the market, since LEBA only collects data for three vintages of EUA, for the current year and the two forward years, whereas carbon credits are traded out to 2012.
Meanwhile, daily OTC volumes recorded on LEBA beat the record high on Wednesday with 8.2Mt traded, while 2.3Mt went through the ECX screen on the same day. Much of this volume was due to spread trading between years and brokers reported a couple of big deals swapping EUAs for certified emission reductions – carbon credits awarded to emission reduction projects under the UN-monitored Clean Development Mechanism.
In the US, volumes have doubled on the ECX's sister exchange, the Chicago Climate Exchange (CCX). On 2 July, CCX announced 11.8 million tons of carbon dioxide had been traded in the first half of 2007, versus 10.2 million tons of carbon dioxide in all of 2006.
London, 12 July: More than 1 billion tonnes of carbon dioxide (CO2) have been traded on the European Climate Exchange (ECX) since its launch on 22 April 2005.
This included some 989 million tonnes (Mt) of futures contracts and 12.5Mt of options contracts, and represents an underlying market value of €18.3 billion ($25.2 billion), the ECX said on Tuesday.
Of the billion tonnes, 39% were screen trades directly through the exchange and 61% were cleared bilateral contracts or 'exchange for physicals', a clearing system for over-the-counter (OTC) trades made via brokers, which mitigates credit risk.
ECX chief executive Peter Koster said: "Europe is leading the international efforts to fight climate change. ECX is very pleased to be contributing with liquidity and transparency to the success of the European emissions market."
The figures put the ECX well ahead of other exchanges trading spot EUAs and futures and options contracts, but a significant tonnage is still traded on the OTC market.
Around 1.1 billion tonnes has been traded OTC since 22 April 2005, according to data compiled by the London Energy Brokers' Association (LEBA). This figure may slightly under-size the market, since LEBA only collects data for three vintages of EUA, for the current year and the two forward years, whereas carbon credits are traded out to 2012.
Meanwhile, daily OTC volumes recorded on LEBA beat the record high on Wednesday with 8.2Mt traded, while 2.3Mt went through the ECX screen on the same day. Much of this volume was due to spread trading between years and brokers reported a couple of big deals swapping EUAs for certified emission reductions – carbon credits awarded to emission reduction projects under the UN-monitored Clean Development Mechanism.
In the US, volumes have doubled on the ECX's sister exchange, the Chicago Climate Exchange (CCX). On 2 July, CCX announced 11.8 million tons of carbon dioxide had been traded in the first half of 2007, versus 10.2 million tons of carbon dioxide in all of 2006.
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mudsucker
- Duck South Addict
- Posts: 14137
- Joined: Wed Oct 29, 2003 4:15 am
- Location: Brandon,Ms by way of LaBranche Wetlands
Do not bother............we do not live in Fl.Hammer wrote:The Governor of Florida made huge announcement yesterday regarding CO2 emissions limits for utilities, renewable portfolio standards for utilities, CO2 emissions limits for automobiles and energy efficiency in new home construction...More details to follow-
Long Live the Black Democrat!
GEAUX LSU!
WHO DAT!
DO,DU AND DW!
GEAUX LSU!
WHO DAT!
DO,DU AND DW!
Dont matter where you live...You can only keep your head stuck in the sand (maybe the mud in your case) for so long before the inevitable reality hits you where it hurts...You, me and everybody else that buys virtually any product or service on this planet will soon pay higher prices because what has previously been an unrecognized cost- GHG pollution- will soon be recognized...My best guess is that gasoline will cost $.50-$1.00 per gallon more, electricity will cost $.02-$.04 per Kwh more and prices in general will increase by 5%-10% as a result...Some things- like airline tickets- will increase a lot more than that because they are GHG intensive...Same can be said for dredgeboats.
Hammer wrote:European exchange trades 1bn tonnes of CO2
London, 12 July: More than 1 billion tonnes of carbon dioxide (CO2) have been traded on the European Climate Exchange (ECX) since its launch on 22 April 2005.
That's food for plants last time I checked. Damn libs. Now they want to starve the plants!
WASHINGTON (Reuters) - A bipartisan group of U.S. senators on Wednesday unveiled an industry-backed climate change bill that could mean mandatory limits on U.S. carbon dioxide emissions starting in 2012.
Labor unions representing coal miners, auto workers, and the heads of seven big U.S. electric utilities endorsed the Low Carbon Economy Act of 2007, along with the AFL-CIO, the largest American labor federation.
U.S. emissions would be cut by 60 percent below current levels by 2050 -- with interim targets in 2020 and 2030 -- through a cap-and-trade system that would allow industry either to reduce emissions or buy credits to exceed their quotas.
To secure industry support, the bill's primary authors -- senators Jeff Bingaman, New Mexico Democrat, and Arlen Specter, Pennsylvania Republican -- set limits on the price of tradable emissions credits that industry would have to purchase if they overshoot their emission allowances.
That move incurred the ire of environmental groups, who said the "safety valve" provisions in the bill that sets an initial limit of $12 per ton on the price of emission credits will undermine greenhouse gas reductions.
"No wonder some of the big coal burners are excited," said Frank O'Donnell at Clean Air Watch, an environmental group. "They could hit the jackpot with this."
Dan Becker, global warming director at the Sierra Club, called the "safety valve" provision a "giant loophole" in the bill," which could create "a formula for inaction."
At a news conference, Bingaman and Specter were flanked by about a dozen union and utility officials -- including chief executives of American Electric Power, Duke Energy Corp., Edison International, Exelon Corp., PNM Resources, PPL Corp. and NRG Energy Inc.
Of all the myriad bills in Congress to address greenhouse gas emissions, "this one is real," said John Rowe, chief executive of Chicago-based Exelon, which operates a large fleet of nuclear reactors. "It sets aggressive goals, it builds real bridges to get to those goals."
Utility executives stressed that Bingaman's bill would allow them to operate coal-burning power plants -- which generate about half the nation's electricity -- while moving to reduce emissions over a few decades.
Bingaman said environmental groups are sure to "write press releases" criticizing his proposal but "what we're trying to do is put together legislation that is going to be passed."
Bingaman conceded that getting mandatory carbon caps through Congress this year will be a "heavy lift," but pointed to bipartisan efforts in the Senate Environment Committee to craft similar legislation.
Rep. Nancy Pelosi, speaker of the U.S. House of Representatives, said she wants a debate on climate change legislation in the fall.
The United States is the biggest emitter of carbon dioxide, one of the greenhouse gases blamed for global warming, melting glaciers and rising sea levels.
The White House has opposed mandatory action and called for voluntary cuts in emissions intensity of 18 percent by 2012, which does not necessarily mean overall emissions will drop.
For additional analysis on carbon markets and climate change policy please join the online Reuters carbon community at http://www.reutersinteractive.com/carbon .
Labor unions representing coal miners, auto workers, and the heads of seven big U.S. electric utilities endorsed the Low Carbon Economy Act of 2007, along with the AFL-CIO, the largest American labor federation.
U.S. emissions would be cut by 60 percent below current levels by 2050 -- with interim targets in 2020 and 2030 -- through a cap-and-trade system that would allow industry either to reduce emissions or buy credits to exceed their quotas.
To secure industry support, the bill's primary authors -- senators Jeff Bingaman, New Mexico Democrat, and Arlen Specter, Pennsylvania Republican -- set limits on the price of tradable emissions credits that industry would have to purchase if they overshoot their emission allowances.
That move incurred the ire of environmental groups, who said the "safety valve" provisions in the bill that sets an initial limit of $12 per ton on the price of emission credits will undermine greenhouse gas reductions.
"No wonder some of the big coal burners are excited," said Frank O'Donnell at Clean Air Watch, an environmental group. "They could hit the jackpot with this."
Dan Becker, global warming director at the Sierra Club, called the "safety valve" provision a "giant loophole" in the bill," which could create "a formula for inaction."
At a news conference, Bingaman and Specter were flanked by about a dozen union and utility officials -- including chief executives of American Electric Power, Duke Energy Corp., Edison International, Exelon Corp., PNM Resources, PPL Corp. and NRG Energy Inc.
Of all the myriad bills in Congress to address greenhouse gas emissions, "this one is real," said John Rowe, chief executive of Chicago-based Exelon, which operates a large fleet of nuclear reactors. "It sets aggressive goals, it builds real bridges to get to those goals."
Utility executives stressed that Bingaman's bill would allow them to operate coal-burning power plants -- which generate about half the nation's electricity -- while moving to reduce emissions over a few decades.
Bingaman said environmental groups are sure to "write press releases" criticizing his proposal but "what we're trying to do is put together legislation that is going to be passed."
Bingaman conceded that getting mandatory carbon caps through Congress this year will be a "heavy lift," but pointed to bipartisan efforts in the Senate Environment Committee to craft similar legislation.
Rep. Nancy Pelosi, speaker of the U.S. House of Representatives, said she wants a debate on climate change legislation in the fall.
The United States is the biggest emitter of carbon dioxide, one of the greenhouse gases blamed for global warming, melting glaciers and rising sea levels.
The White House has opposed mandatory action and called for voluntary cuts in emissions intensity of 18 percent by 2012, which does not necessarily mean overall emissions will drop.
For additional analysis on carbon markets and climate change policy please join the online Reuters carbon community at http://www.reutersinteractive.com/carbon .
WHAT DO 160 CEOs KNOW THAT PML AND OTHER NAYSAYERS DONT KNOW? I GUESS THEY ARE ALL LIBERALS?
US CEOs call for quick action on climate change
New York, 19 July: Business Roundtable, an association of 160 US chief executive officers, said on Tuesday that "the time for action is now" on global warming, "even while the science continues to evolve".
The Washington-based group includes heads of the world's largest oil company, ExxonMobil, and of the US' biggest coal burner, American Electric Power. Members also include CEOs of BP America, Chevron, ConocoPhillips, Duke Energy, DuPont and General Motors, along with other utilities, coal companies, railroads, banks and insurers.
"The thinking of US CEOs on climate change is evolving significantly," said DuPont CEO Chad Holliday. "A growing number of CEOs view it as a major issue for their companies and have called for timely US action."
Business Roundtable did not endorse any particular plan, noting that "some companies support mandatory approaches; others do not". And those favouring regulation differ on whether to impose carbon taxes or a cap-and-trade system.
But recognising that legislation and regulation are under consideration, they agreed that policies should: apply economy-wide and encourage early action; stimulate investment in low-GHG technologies; provide predictability for business, but allow changes as technology advances; and involve the US in a global system including Brazil, China and India.
Business Roundtable president John Castellani said this is the first time "business leaders from every sector of the US economy have reached consensus on the risks posed by climate change and the need for action".
Members are ready to work with policy-makers on efforts that address climate change while sustaining economic growth, he added.
Updated 19 July 2007
US CEOs call for quick action on climate change
New York, 19 July: Business Roundtable, an association of 160 US chief executive officers, said on Tuesday that "the time for action is now" on global warming, "even while the science continues to evolve".
The Washington-based group includes heads of the world's largest oil company, ExxonMobil, and of the US' biggest coal burner, American Electric Power. Members also include CEOs of BP America, Chevron, ConocoPhillips, Duke Energy, DuPont and General Motors, along with other utilities, coal companies, railroads, banks and insurers.
"The thinking of US CEOs on climate change is evolving significantly," said DuPont CEO Chad Holliday. "A growing number of CEOs view it as a major issue for their companies and have called for timely US action."
Business Roundtable did not endorse any particular plan, noting that "some companies support mandatory approaches; others do not". And those favouring regulation differ on whether to impose carbon taxes or a cap-and-trade system.
But recognising that legislation and regulation are under consideration, they agreed that policies should: apply economy-wide and encourage early action; stimulate investment in low-GHG technologies; provide predictability for business, but allow changes as technology advances; and involve the US in a global system including Brazil, China and India.
Business Roundtable president John Castellani said this is the first time "business leaders from every sector of the US economy have reached consensus on the risks posed by climate change and the need for action".
Members are ready to work with policy-makers on efforts that address climate change while sustaining economic growth, he added.
Updated 19 July 2007
%70 of electric power in France is nuclear. If we were %70, our emissions would be over 2x below the emissions standard suggested by kyoto. The reason why electricity is accountable for 1/3 of our CO2 emissions (like CO2 matters) is because we derive so much of our energy from coal burning plants. Coal burning that I will whole heartedly agree is not good for the environment. The mining of it is absurdly destructive to the environment (contaminating ground water etc...), and the burning of it, causes extreme amounts of Nitrogen Oxides to get into our atmosphere, causing acid rain.
Those CEO's are jumping on the "we're green" bandwagon to gather up all the "the world is ending" reactionaries, mostly liberals.
I guess because they are CEO's, that makes them climatologists. They are as much knowledgeable about the EVER CHANGING climate, as I am about ballet...and I'm not the artsy type.
Alaska used to have palm trees on it. Vast parts of our continent was under water at one time. What makes you so positive that this is the NORMAL climate?
Those CEO's are jumping on the "we're green" bandwagon to gather up all the "the world is ending" reactionaries, mostly liberals.
I guess because they are CEO's, that makes them climatologists. They are as much knowledgeable about the EVER CHANGING climate, as I am about ballet...and I'm not the artsy type.
Alaska used to have palm trees on it. Vast parts of our continent was under water at one time. What makes you so positive that this is the NORMAL climate?
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