Resources
| article | synopsis | |
|---|---|---|
Energy & Environmental Hedge Funds 1 September, 2007 Commodities Now Magazine | We are now in the fourth year of the strongest energy commodity market in history and continue to see the launch of many hedge funds, each pursuing different market strategies. When we began tracking energy hedge funds in October 2004, there were 180 such funds in our universe. As of August 1st 2007, we now track 586 energy and environmental hedge funds through the Energy Hedge Fund Center... | |
Carbon Trading is the Missing Link in Cleantech Investment 9 July, 2007 UtilliPoint Issue Alert | Entering a carbon constrained world will take time because transforming the U.S. economy is very complex. Unfortunately, many Americans lack patience and expect quick fixes to our energy and environment problems. They don't exist as it took decades to create the problems and will take decades to fix them. More importantly, time is necessary to develop, deploy and scale the roll out of environmentally benign technology. California's Silicon Valley has learned that the energy and environmental crisis is not an IT solution and has now undertaken the learning curve that is necessary to understand the complexity of the world's largest business called energy. It is a $5 trillion business and will require what Enron called “iron in the ground” and advanced engineering and technology solutions which will require hundreds of billions of dollars of capital investment. The emerging carbon markets are now bringing an uplift to cleantech investment, and as a colleague in cleantech has mentioned to me carbon is the “missing link” in accelerating clean technology deployment. | |
SRI Tackles Climate Change 21 June, 2007 2007 | Although the idea behind socially responsible investing—doing well by doing good—isn't new, the definition of SRI continues to incorporate new areas, the latest being global climate change. Global energy consumption is rising, Peter Fusaro, chairman of Global Change Associates Inc. in New York, told attendees at the Managed Funds Association Forum in Chicago on Tuesday [June 12]. And that means more carbon emissions, but also a profitable investment opportunity. | |
Energy Trading and Risk Management 2.0 11 June, 2007 UtiliPoint IssueAlert | Energy trading on a futures exchange began in New York with the NYMEX heating oil contract in 1978. It's almost 30 years later and energy trading is still an immature financial market. Today energy is a $5 trillion global, physical business with most companies still not hedging their price risk. Commodity trading of energy in all structures is estimated to be north of $3 trillion in notional value by our Energy Hedge Fund Center. Commodities usually trade six to twenty times the physical market so we have a long way to grow, especially with rising fossil fuel demand globally. | |
Why the time is now for climate change legislation 23 May, 2007 Carbon Market North Americ | The US is at an environmental crossroads on climate policy. Already, regional greenhouse gas regimes are mandated for the US Northeast and California and other western states, and the fear is that multiple environmental standards will fragment the markets. Moreover, US multinational corporations fall under the Kyoto Protocol’s greenhouse gas emissions targets in 172 nations, and under those of the EU emissions trading scheme in 27 nations. These regulatory forces, coupled with the need to deploy clean energy technology in the US, are leading to greenhouse legislation in 2007. | |
'Carbon trading' enriches the world's energy desks 16 May, 2007 Dow Jones Marketwatch | The global carbon-trading market is doubling in size every year, putting it on course to become one of the biggest earners for energy desks and raising the question of whether emissions trading i | |
Politicians Understand Cap Not Trade 9 May, 2007 UtiliPoint IssueAlert | The U.S. Federal government invented the concept of cap and trade by taking a financial instrument from the mortgage-backed securities market and applying it to air quality attainment for acid rain remediation. It worked. The concept was proposed by the U.S. delegation at the Rio Climate Convention in 1992 and was ironically opposed by the European Union at the time. Today, we are at a cross roads to create a very viable and effective environmental financial market for the reduction of greenhouse gas emissions in the United States. Because this market is starting all over the world, the timing is now appropriate for the United States to lead the way once again. The real market for the abatement of CO2 and other greenhouse gases begins next January 1, 2008. The train has now arrived, and we need to get on board. We need to stop posturing that voluntary technology programs or voluntary carbon offsets will get us anywhere when see greenhouse gas emissions rising each year in the United States. They are now estimated to rise by another 19 percent over 2000 levels by 2020 according to the U.S. government. This is on top on an annual increase of about 1 percent per year since the 1990s. | |
China to Act on Pollution, Warming Gases 27 April, 2007 Associated Press | Premier Wen Jiabao pledged Friday to help clean China's air and water and combat global warming by phasing out tax breaks and discounts on land and electricity for highly polluting industries. |