Call it coincidence, but the listed Australian clean-tech sector is having one of its rare good runs, and it’s come just as the country introduced its carbon price.
No one expected a carbon price to have much impact on clean-tech stocks, mostly because they thought the effect would be gradual and long term – although it might add to sentiment.
But the carbon price has also coincided with a reversal in fortunes for the fossil fuel sector – the coal miners in particular as the heat comes out of the China market in particular.
There is good news and bad news about the clean energy transition. The good news is that half the new electric generating capacity installed worldwide in 2008-2010 was renewable. The bad news is that half wasn’t.
To avoid rapid global warming and its attendant human and economic risks, we need to accelerate the transition. We need to do more than slower growth in the use of fossil fuels: we need to cut their use substantially. This will require significantly ramped up investments worldwide in energy efficiency and clean energy.
Training in Maritime Oil Spill and Emergency Preparedness opened at the Secretariat of the Pacific Regional Environment Programme in Apia, Samoa today.
Marine pollution is widely recognised as one of the four major threats to the world's oceans, along with climate change, habitat destruction and over-exploitation of living marine resources.
Oil spill incidents have occurred around the globe, including the Pacific region. In 2009 the Pacific Adventurer spilt 240 tonnes of bunker fuel off the Coast of Queensland, Australia. In 2009 an estimated 4,000 to 30,000 tonnes of crude oil was spilt in the East Timor Sea in the Montara oil field. And just recently in 2011 the vessel Rena spilt an unknown amount of oil off Astrolabe Reef in New Zealand.
Australian and Californian government officials have pledged to work towards linking their nascent carbon markets, they said on Sunday.
Speaking on a state visit to the US, Australia's climate change secretary, Mark Dreyfus, said the two governments would set up a forum to share experiences on climate policy, including how best to build carbon markets.
A sobering study released today shows more than half of Australia's Great Barrier Reef has disappeared over the past 27 years.
Scientists from the Australian Institute of Marine Science in Townsville have found the loss of coral is caused mainly by cyclones and crown-of-thorns starfish.
Coral bleaching is also to blame.
It's well known that the the Pacific Ocean is polluted with large amounts of man made plastics, but European researchers have found what they call a disturbing amount of plastic pollution in seas around the world.
Carbon trading schemes are emerging all over the world as governments try to meet greenhouse gas emissions reduction targets in the fight against climate change.
Under cap-and-trade schemes, companies or countries face a carbon limit. If they exceed the limit they can buy allowances from others. They can also buy carbon offsets from outside projects which avoid emissions, often from developing countries.
Australia domestic emissions reduction scheme. Launched: July 2012. Target: Part of plans to cut emissions by 5 per cent by 2020. 300 of the biggest polluters, from coal plants to smelters, initially pay $23 per tonne of CO2 emitted. They are banned from using UN carbon offsets until the system is replaced by a nationwide carbon trading scheme in July 2015 but can use a limited number of domestic credits. The EU has agreed to link its ETS with Australia's scheme by 2018.
The annual survey of our young rich – the under 41-year-olds who already have more money than most of us ever dream of – has been released and it tells a similarly grim story: If we want to be rich, we might be better off buying a coal mine, a fleet of bulldozers, or developing some software smarts.
Again, the BRW list of Australian Young Rich 100 is dominated by miners and the people that invest in the equipment that removes millions of tonnes of earth so they can get easy access to the target minerals and ore bodies. And there are the software kings, such as the whiz-kid owners of software sensation Atlassian, the retailers, the sportsmen, the property investors and the financiers.
Where were the representatives of the “green economy”.
A global project has been launched to encourage pension and superannuation fund members to shift some of their $60 trillion in savings into funds that support clean and green technology.
Now the independent, not-for-profit Asset Owners Disclosure Project (AODP) is asking the world’s largest 1000 asset owners to reveal how they are addressing climate change and the ‘‘green economy’’.
Some of the biggest Australian funds to be covered by the global index include ARIA, AMP, AustralianSuper, Colonial First State, Commonwealth Bank, Westpac and Perpetual.
Read more: http://www.theage.com.au/environment/climate-change/global-funds-urged-to-shift-more-money-into-clean-technologies-20120929-26rod.html
The not-for-profit International RiverFoundation says pollution and poor land use practices have hurt all of the nation's urban rivers and about a third of its rural rivers.
Chief executive Matthew Reddy says it makes economic sense to take better care of the waterways.
"If you have unhealthy poor quality water you can limit the types of uses that you can have for that water, so you can't use it for things like agriculture, you can't use it for drinking water," he said.
"The International RiverFoundation doesn't expect capital city rivers to look like mountain streams, we realise these that these rivers work hard but we can make very solid improvement."