Archive for March, 2007

Ships worse than planes!

7th 2007f March, 2007, Peter

Academic and industrial research studies appear to show that the level of carbon dioxide emissions from world shipping is twice that of aviation, according to this Guardian newspaper report. Emissions from ships are not covered by the Kyoto Protocol, nor included in forthcoming EC regulations.
“Separate studies suggest that maritime carbon dioxide emissions are [...]

Any old oil!

6th 2007f March, 2007, Peter

The New York Times carries a story about how new technologies are permitting extraction of more oil from old wells. Money quote:
“Within the last decade, technology advances have made it possible to unlock more oil from old fields, and, at the same time, higher oil prices have made it economical for companies to go after [...]

Five join together in the New West

5th 2007f March, 2007, Peter

Following the lead of their peers in New England, five Western state governments in the USA have agreed to work towards to a regional target for carbon emissions cuts. The states are: Arizona, California, New Mexico, Oregon and Washington. In some ways, this is not surprising, since the environmental movement has been [...]

Merrill Lynch investing in emissions reduction projects

4th 2007f March, 2007, Peter

US Investment Bank, Merrill Lynch, has established a US$ 200-million alliance with the Russian Carbon Fund, based in Copenhagen, to fund emissions reductions projects in the Russian Federation and the CIS:
“The money will be used to get emissions reductions projects off the ground in a move that gives Merrill access to a carbon trading market [...]

China + India v. RoW

3rd 2007f March, 2007, Peter

The FT has a long article about the changing attitudes in China and India towards the need to curb carbon emissions.
“Although China and India acknowledge their emissions are rising, they argue that, per capita, they remain a tiny fraction of those from developed countries. Moreover, China’s cumulative emissions are only one-third of those of the [...]