Business

Carbon tax and divestment movement are gaining support

If climate change is getting each month more scary, our answers to it are getting bigger. The carbon tax is gaining support as The World Bank reports that no less than 74 countries and over a thousand companies are supporting it.

Colombia enacts key law promoting renewables

If I am back on this blog, I am also back on Cleantechies with my 60th post there in five years. I am writing for the occasion about my beloved Colombia, which enacted a key law to promote renewables.

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 …

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Cleantech investments need to soar

According to a report published in May by the International Energy Agency,  the clean energy investments needed to limit temperatures from warming to 2 degrees Celsius: an additional $44 trillion ( 32 trillion euros ) by 2050. This means spending an additional $1.2 trillion in cleantech ( like solar, wind, geothermal, bioenergy…. ) per year for the next 36 years …

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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 …

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Fossil fuel subsidies are as high as ever

To Desmogblog : ” The exact worth of massive global fossil fuel subsidies is incredibly hard to figure. There’s no real consistency in the definitions of subsidies, or how they should be calculated. “ ” As a result, estimates of global subsidy support for fossil fuels vary widely. According to a new analysis by the Worldwatch …

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Divestment reaches large investors

According to the New York Times and Reuters, more than a dozen large foundations representing more than $2 billion  (around 1.48 billion euros) in assets will stop investing in fossil fuels, just as the World Bank and the United Nations advise. To Reuters : ” The Divest-Invest Philanthropy coalition includes foundations, such as the Park …

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Google invests $3.2 billion in Nest Labs

This was the big news of the week in the cleantech sphere, Google has bought Nest Labs for a massive $3.2 billion (2.34 billion euros). Nest is famous for its smart thermostat, which I wrote about in November 2011. Google is thus investing massively in the smart connected home market. As Cleantechies remarks, the company …

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