Showing posts with label cap and trade. Show all posts
Showing posts with label cap and trade. Show all posts

Tuesday, November 22, 2011

Free Webinar: The Carbon Tax & Your Business

GreenBizCheck will be holding a free webinar on 29 November at 11 AM AEST. This webinar will help business owners gain a better understanding of the carbon tax and how it will affect their business.

This webinar will help businesses to:
  • Gain a better understanding of the Carbon Tax
  • Discover how the tax will affect your business
  • Access tools that are available to your business now
  • Understand the cost savings associated with Green Business
  • Have your questions answered by industry professionals
Dave Johnston, Director of GreenBizCheck Gold Coast and David de Closey, Oculus Financial will be presenting information on the carbon tax, revealing the benefits of sustainable business, answering any questions you may have and giving you access to tools that are available to your business now.

Dave Johnston GreenBizCheck Gold Coast

Dave has successfully helped many businesses with their environmental strategies. He has a wealth of knowledge about the carbon tax and it's affect on small to medium size business. Dave will guide participants through strategies that can be implemented now to save money.

David de Closey Oculus Financial

David has dedicated the best part of his 28 years in the Accounting and Finance industry to making a difference to people's lives. As a financial specialist, he has the knowledge and tools to help all size businesses find a carbon tax solution that is right for their needs.

To register click here.

© 2011, Richard Matthews. All rights reserved.

Wednesday, October 26, 2011

California is Leading the US with a Cap-and-Trade System

California, a leader in efforts to combat climate change, has become the first US state to implement cap-and-trade to regulate greenhouse gas emissions. The system will place a price tag on carbon emissions and allow the state's industries to trade carbon credits. The system will provide financial incentives to companies in order to curb greenhouse-gas emissions. The cap-and-trade program is scheduled to start in 2013 and it aims to slash emissions to 1990 levels by 2020.

The first part of the plan will include a cap on emissions, allowing businesses to sell their excesses to companies exceeding their carbon allowances. Companies included in the plan will have to pay 10 percent of their initial credits, but they will be able to purchase carbon offsets in order to comply with the eight percent of annual emission obligations.

The plan should drive a a surge of investment in clean energy technology. The system will also force companies to innovate in order to stay competitive.

This is great news for the renewable energy sector. According to research group Next 10's latest edition of the "Many Shades of Green" report, green job growth in California outpaces the overall economy by three times the rate of overall job growth. The new regulations are sure to add to the core green economy in California.

© 2011, Richard Matthews. All rights reserved.

Wednesday, June 22, 2011

Canadians Support Efforts to Combat Climate Change

Unlike their Conservative federal leadership, Canadians support efforts on climate change. According to a joint study released in April 2011, Canadians are more likely to believe in the veracity of climate change then Americans.

The study also found Canadians are more willing than their friends to the south to pay for energy from renewable sources. A majority of Canadians said they would support a carbon tax or cap-and-trade scheme, even if it came with a cost of $50 per month in energy expenses.

A report from the Conference Board of Canada indicated that the federal, provincial and municipal levels of government spend a lot money trying to understand the implications of climate change. However, they are inefficient and there is a striking lack of coordination.

The report suggests that Canadians need a carbon pricing scheme like those in place in BC and Quebec.

© 2011, Richard Matthews. All rights reserved.

Related Posts
Canadian Government at Odds with the Public on Climate Change
Canadian Conservative Government Rejects Kyoto
Canada's Government Opposes Kyoto and Hampers Progress at COP16
World Urges Canada to Do More to Manage Climate Change
Canadian Conservatives Repudiation of the Environment in 2008
No Reprieve for the Environment as Slacktivists Hand Majority to Canadian Conservatives

Saturday, April 16, 2011

Dan Miller on the Psychology of Climate Change and the Business of Change

In 2009, Dan Miller, managing director of the Rhoda Group, delivered a presentation called A Really Inconvenient Truth at the Hillside Club in Berkeley, California.

Miller discussed the four scenarios of action vs. inaction in the face of climate change. He came to the obvious conclusion that we must do all that we can to resist the perils of runaway climate change.

However, climate change still does not have the critical mass of support it needs to bring about major changes in the short term. We need to know why so many do not seem to understand the urgency climate change, we need to understand human psychology.

The psychology of climate change explores some interesting ways that humans identify threat. Miller explained that humans have a tendency to react to six kinds of threats, namely threats which are:

1. Visible
2. Have a precedent
3. Are confirmed in the media
4. Have a simple causality
5. Are caused by another
6. Have a direct personal consequence

The problem is that climate change (eg, CO2) is not visible, nor do we have a precedent in recorded history. The media has only confused people about climate change due in part to the fact that the causality is anything but simple. Further climate change is not caused by another, it is caused by us and we cannot see the direct personal consequences.

Growing levels of GHGs in the atmosphere increase the number of hurricanes, draughts, floods, wildfires and pandemics. Climate change will also lead to dramatic coastal flooding due to rising sea levels.

Despite the seriousness of the situation we face, Miller states, "there is a lot we can do and there is a lot we have to do." People can do little things like drive a fuel efficient vehicle, eat less beef and increase energy efficiency. People can also share the urgency of climate change with others and communicate with their elected officials about the need for legislation.

Miller indicates that to avoid runaway climate change, our political leaders need to enact the following legislation:

-Cap-and-trade or CO2 tax
-Mandatory energy efficiency standards
-Ban on new coal fired power plants
-Phase out of existing coal fired plants
-Eliminate subsidies for fossil fuels
-Give subsidies and incentives for clean energy
-Massively increase energy/climate research spending

Miller also says that we need strategies to manage extreme weather which is unavoidable even in the most optimistic scenario. Despite its unpopularity, we need to support global family planning to manage population growth.

In addition to their personal lives, individuals can exhibit greater environmental awareness in the work they do. They can encourage their partners, employers and colleagues to act with a greater awareness of their footprint.

Towards the end of his presentation, Miller suggests that the business community has a role to play in navigating the way forward to manage climate change.

Miller points out the risks associated with optimized inventory systems. He indicates that just in time inventory management will unravel in an economy ravaged by climate change. Miller suggests that rather than optimizing, businesses should be robust enabling them to adapt quickly to the loss of a supplier or distribution chain.

Miller states that even with consorted collective efforts to reduce our production of GHGs and prepare for the effects of climate change, geo-engineering (the ability to artificially control the climate) will likely prove necessary.

Although climate change is unstoppable, if we wait too long to reign it in we will not be able to prevent far more catastrophic impacts.

To see the full lecture on Fora.tv click here.

© 2011, Richard Matthews. All rights reserved.