Fossil fuels are the next subprime danger

Here is further proof it’s high time to divest to avoid the carbon bubble. The Daily Telegraph published this week a most interesting article on how fossil fuels – oil, coal and natural gas – are the next subprime danger of this cycle as “ The cumulative blitz on energy exploration and production over the past… Continue reading Fossil fuels are the next subprime danger

Footsie launches interesting tool for divestment

As the NRDC noted : ” The Natural Resources Defense Council, BlackRock and FTSE Group, the global index provider, partnered today in launching the first equity global index series that will exclude companies linked to carbon-based fossil fuel. “ ” The new investment tool will allow climate-conscious investors, including foundations, universities and certain pension groups, to match… Continue reading Footsie launches interesting tool for divestment

The beginning of the end for coal

Carl Pope, the former executive director and chairman of the Sierra Club published an article on the very topic last week as the World Bank and the US government announced they wouldn’t fund coal anymore. But this week, there was another third blow on financing coal. As The Guardian reported : ” The European Investment… Continue reading The beginning of the end for coal

Study : Europe should push for 30 percent cuts

Here is the beginning of my latest post on Cleantechies. It is about a study corroborating what I have been writing for years.  As always, please go there to read the full post. Comments, tweets and shares are more than welcome ! 🙂 ” We have seen time and again that the European Union should… Continue reading Study : Europe should push for 30 percent cuts

Wind power to be competitive by 2016

We already saw that solar PV is due to compete in terms of costs with fossil fuels by around 2017 as this energy source is gaining momentum so fast that the Holy Grail – grid parity – might soon be within reach. These are sure great news… But there is more as to Bloomberg New… Continue reading Wind power to be competitive by 2016

Japan adopts feed-in tariff to boost renewables

To Bloomberg : ” Japan approved a bill today to subsidize electricity from renewable sources, joining European nations in shifting away from nuclear power after the Fukushima reactor meltdowns in March.” ” (…) The bill allows for incentives that guarantee above-market rates for wind, solar and geothermal energy. The so-called feed- in tariff created a… Continue reading Japan adopts feed-in tariff to boost renewables

No (good) news from the Bonn Climate Talks

Here we go again… New climate talks, same disappointment. Preliminary talks took place in Bonn, Germany, to discuss the future of the Kyoto Protocol, which will end next year. To the Guardian, the negotiations aren’t progressing : Even if they are making progress on ” technical issues “, countries are ” still nowhere near agreement… Continue reading No (good) news from the Bonn Climate Talks

More investors demand climate change action

We have seen previously that large investors completely understand how climate change mitigation is critical. Last year, more than 200 investors representing $13 trillion in assets demanded action on climate. Now, according to the United Nations, the movement is growing to 259 investors with $15 trillion in assets. This represents over a quarter of global… Continue reading More investors demand climate change action

$2.2 trillion : the huge costs of environmental damages

The Guardian published last week a most interesting series of articles on a report to be published this year by the United Nations and Trucost which estimates the damages on the environment to $2.2 trillion per year. To the newspaper ” the activities of the world’s 3,000 biggest companies estimates one-third of profits would be lost… Continue reading $2.2 trillion : the huge costs of environmental damages

Fighting climate change makes financial sense

Some believe that with the current economic crises we can’t afford to spend extra money on climate change mitigation or on the protection of the environment. However various recent studies show exactly the opposite. In today’s article will see how and why this is possible. This occurs just a few days after I wrote on… Continue reading Fighting climate change makes financial sense