Climate change, carbon trading and America…it’s only a matter of time
Just a quick follow-up on my carbon trading post a few days ago. Thanks to GreenBiz.com for the heads up on the results of a survey that were released during MIT's seventh annual Carbon Sequestration Initiative Forum. The results show that climate change now tops the list of environmental concerns for Americans. I don't want to reveal too much here since this is a GreenBiz.com story, but it suffices to say that this provides yet more ammunition to the political backers of a framework to reduce greenhouses gases in America. Momentum is building and there will definitely be some...
US Presidential Election & Carbon Markets: Is The Climate Exchange Story Overdone?
An interesting piece yesterday in POLITICO on how carbon prices on the Chicago Climate Exchange (CCX) have been trending up in recent months, mostly since it's become clear that all three remaining presidential hopefuls will likely regulate CO2 emissions at the federal level. In fact, as per the chart above, prices for the right to emit a metric ton of CO2 have been on a tear, recovering from a pretty significant slump in the preceding months. Last week, the World Bank Carbon Finance Unit released its annual update on the state of global carbon market (PDF...
Carbon ETFs/ETNs: Playing Copenhagen
Charles Morand At $126 billion transacted in 2008, up from $11 billion in 2005, the global carbon market is the fastest growing commodities market in the world and, provided that an agreement is reached at the COP15 conference in Copenhagen and that the US adopts a cap-and-trade program, this growth could go on for several more years. Yet this is a market that remains comparatively unknown for a number of reasons, not the least of which is the fact that the rules surrounding it are very complex. Unlike other commodities, to successfully invest directly in...
GlyEco Expands Antifreeze Recycling Footprint
by Debra Fiakas CFA Glyeco recycles waste glycol into reusable antifreeze, windshield wiper fluid and air conditioning coolants for the automotive and industrial markets. The used coolant and antifreeze liquids are frequently contaminated with water, dirt, metals and oils. The company uses a proprietary technology at the foundation of its recycling system to eliminate contaminants. The company focuses mainly on ethylene glycol in its six processing plants. Last month chemical recycler GlyEco, Inc. (GLYE: OTC/QB) acquired Brian’s On-Site Recycling, a provider of antifreeze and air conditioning coolant disposal services in the Tampa, Florida area. The deal extends...
Has Shale Gas Reduced Carbon Emissions?
Jim Hansen Last week, I wrote that the U.S. is on course to set a new export record of coal. A few days later the EIA made similar projections and estimate that exports will reach 125 million tons for 2012. One side effect of the success of U.S. coal exports is the degree to which may they have cancelled out the carbon emissions reduction experienced in the U.S. as shale gas displaced coal in the power generation sector. This question of displacement was addressed in a study just released by researchers at the University of...
The Republican-Proposed Carbon Tax
by Noah Kaufman A group of prominent conservative Republicansincluding former Secretary of State James Baker III, former Treasury Secretary Hank Paulson, former Secretary of State George Shultz and former Walmart Chairman Rob Waltonmet with key members of the Trump administration on Wednesday about their proposal to tax carbon dioxide emissions and return the proceeds to the American people. Such an economy-wide tax on carbon dioxide could enable the United States to achieve its international emissions targets with better economic outcomes than under a purely regulatory approach. Attributes of the Republican Carbon Tax Proposal While the details on the...
Emissions Standards Driving Algae Aviation Fuel Sourcing…or not
by Debra Fiakas CFA Algae in the River Wate photo via BigStock My post “Algae Takes Flight” featured Algae-Tec (ALGXY: OTC/PK), Lufthansa’s new biofuel partner. Algae-Tec has agreed to operate an algae-based biofuel plant in Europe to supply Lufthansa with jet fuel. Lufthansa is footing the capital costs of the plant, which is to be located in Europe near a carbon source. Algae thrive on carbon so industrial plants and power plants using fossil fuels make the best neighbors. Lufthansa has agreed to purchase a...
Climate Change & Corporate Disclosure: Should Investors Care?
Charles Morand On Monday morning, I received an e-copy of a new research note by BofA Merrill Lynch arguing that disclosure by publicly-listed companies on the issue of climate change was becoming increasingly "important". The note claimed: "e believe smart investors and companies will recognize the edge they can gain by understanding low carbon trends." I couldn't agree more with that statement. It was no coincidence that on that same day the Carbon Disclosure Project (CDP), a non-profit UK-based organization that surveys public companies each year on the state of their climate change awareness, was...
Is Energy Sourcing the Gateway Drug to Energy Efficiency?
Tom Konrad CFA I recently interviewed Richard Domaleski, CEO of World Energy Solutions (NASD:XWES). World Energy is a comprehensive energy management services firm whose core offering is extremely price competitive energy sourcing (that is, finding an energy provider to supply all of a client's energy needs at the lowest possible cost.) They achieve competitive sourcing using an electronic energy exchange designed to achieve much better price discovery in what is traditionally a very opaque market. According to Domaleski, a recent KEMA study showed that only 7% of large commercial, industrial, and government customers are sourcing their...
Update on the Global Carbon Market
The World Bank Carbon Finance Unit recently released its Q3 2006 update for the global market for CO2 emissions (the carbon market). The document, entitled “State and Trends of the Carbon Market 2006��? (PDF file), contains some pretty interesting information that makes it difficult not to be bullish on the future of emissions trading. Here are some numbers. At the end of Q3 2006, the total value of the market stood at $21.5 billion, up 94% on the whole of 2005 ($11.1 billion). Unsurprisingly, Europe, with its Emissions Trading Scheme, continues to account for the bulk (~99%) of...
Some Emissions Trading News
A lot has happened in the world of carbon finance and emissions trading since we last wrote about this topic, so I felt this might be good time to provide a quick update. (A) The World Bank Carbon Finance Unit recently released its State and Trends of the Carbon Market 2007 (PDF document), a periodic assessment of the scale and characteristics of the global market for carbon dioxide emissions. The Bank found a large increase in the volumes traded (131%) and dollar value (177%) of the global carbon market in 2006 over 2005. Unsurprisingly, the EU ETS...
How Energy Deregulation Affects States and Stocks
by Elaine Thompson
Bloomberg New Energy Finance, in an executive summary of its New Energy Outlook 2017 report, predicts renewable energy sources will represent almost three-quarters of the $10.2 trillion the world will invest in new power-generating technology.
Analysts outline several reasons for this increase in spending, such as the decreasing costs of wind and solar and consumers’ increasing interest in solar panels. Competition between power sources also continues to grow, with products like utility-scale batteries upsetting coal and natural gas’s roles in the marketplace.
But more importantly, state-driven renewable portfolio standards pave the way for additional ventures in renewable energy technologies, particularly...
What’s In Store For Emissions Trading Stocks Under An Obama Administration?
All the recent talk about Barack Obama creating a "Climate Czar" position in his administration begs the following question: will Obama dare to implement a nation-wide cap-and-trade system for greenhouse gases (GHGs) in the midst of an economic collapse? While the recent pullback in energy prices will certainly provide some cost relief to energy-intensive industries, which were getting squeezed by rising energy prices, this pullback pales in comparison to the challenges they face in other areas of their businesses right now, and slapping them with complex and potentially-costly new regulation could create significant political backlash. What's more, continued...
US Exchanges And Environmental Investing
An interesting bit of follow-up on my article last week about exchanges and environmental markets. Both the NYMEX and the Chicago Climate Exchange (CCX) have partnered up, in the past 2 weeks, with specialty cleantech and alt energy index makers to launch derivatives products. On March 14, Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of the CCX, and WilderShares LLC, announced (PDF document) a licensing agreement to launch a futures market based on the WilderHill Clean Energy Index . The ECO is also the underlying index for the Powershares WilderHill Clean Energy Portfolio ETF...
UBS Launches CO2 Emissions Index
UBS (NYSE:UBS) announced on Friday the launch of the UBS World Emissions Index (UBS-WEMI) – the world’s first index based on global carbon markets. At the moment, only the two exchanges linked to the EU Emissions Trading Scheme (ETS) , the Nordic Power Exchange (Nordpool) and the European Climate Exchange (ECX), qualify for WEMI. The index is composed of future contracts on CO2 weighted between the two trading platforms as follows: ECX, 72.11% and Nordpool, 27.89%. The weights are allocated based upon the liquidity of the underlying exchanges as well as their respective share in the European carbon market....
List of Environmental Markets Stocks
This post was last updated on 4/27/2022.
Environmental market stocks are publicly traded companies whose business involves the trading of commodities designed to represent an environmental attribute, such as renewable electricity, the environmental benefits of renewable energy (Renewable Energy Credits ), Carbon Offsets and other types of environmental offsets.
Carbon emission trading implemented
Carbon emission trading scheduled
Carbon tax implemented
Carbon tax scheduled
Carbon emission trading or carbon tax under consideration
By Tbap , via Wikimedia Commons
Crius Energy Trust (KWH-UN.TO, CRIUF)
GlyEco, Inc. (GLYE)
Hannon Armstrong Sustainable Infrastructure (HASI)
Just Energy Group Inc. (JE)
KraneShares Global Carbon ETF (KRBN)
Trading Emissions PLC (TRE.L)
If you know of...
