ADR For Climate Exchange plc
One of our readers made a useful comment on our last post about Goldman Sachs and Climate Exchange plc. I thought some of you who are unlikely to go back to that post might be interested: "Hey this article on the Climate Exchange was great information. But you should tell your readers that there is an ADR trading OTC here in the states - CXCHF. Get it while the gettin is good. How long 'til GS takes this to the big board?" Thanks for this heads up, cascadehigh. UPDATE: Following this post, I got the...
Trading Places: Will America’s Carbon Market Outsize Europe’s?
Charles MorandIn early January, I said the following on the likelihood that the Obama Administration would move on carbon regulations in the near-term: "The next 12 to 18 months are unlikely to produce much in the way of vigorous environmental action on the part of government (barring subsidies for alternative energy related to the stimulus package), especially if it means additional costs on industry." Clearly, I had underestimated the power of another fundamental rule of politics - besides "don't anger the rust belt states that gave you your presidency by burdening their industries with avoidable costs in the midst...
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...
Plastic Recyclers Chasing Arrows
According to Plastics Europe Research Group, over 35 million tons of plastic material was produced globally in 2016, the last year for which full-year data is available. That brought total plastic production to 9 billion tons since 1950. All of those plastic materials remain in existence somewhere - still in use, landfills, junk yards, blowing around the countryside, waterways, oceans, fish stomachs. The post “Plastic Contagion’ on April 13th outline the dangers presented by plastic waste, ranging from respiratory failure from toxic emissions to reproductive interference in aquatic animals.
The building burgeoning volume of plastic waste has sent environmentalists scrambling for solutions to the plastic waste...
Carbon Offsets Work – Will the Mainstream Media Ever Get It?
The carbon markets are an area of keen interest for me personally and professionally, so it is always frustrating that the mainstream media largely refuses to learn the details. In general, layman and media who don’t understand the details of the carbon markets attack carbon offsets in two areas, first, questioning whether the credits are for a project that would have occurred anyway (a concept known in carbon as “additionality”), and second questioning whether there are checks and balances to ensure the environmental standards are adhered to and the abatement actually happens (in carbon known as the validation...
Beware The Vagaries Of Government
I just came across this article on potential problems with the emerging trade in carbon credits. The piece is not technical and I wouldn't say that it is particularly well-researched, but it does raise a key point - as the market for carbon emissions grows, the need for standardization and collaboration between governments and regulators will become ever more pressing. This could create problems. The carbon market is unique in that the commodity traded derives its value primarily from its ability to meet the requirements set by an environmental regulator. There is also a market for voluntary...
Biochar’s Likely Market Impacts
Biochar is still mostly a research and cottage industry, yet it has the potential to impact returns for a broad range of investors. Tom Konrad, Ph.D., CFA Biochar, or amending soil with biomass-derived carbon, shows great potential to improve the productivity of soils, as well as to increase the utilization of fertilizers by plants, while sequestering carbon to reduce the drivers of climate change. On August 10, I went to the 2009 North American Biochar Conference to look at the potential for investors. Before I went, I took a look at the publicly traded companies...
Investing in Climate Change
This post was supposed to be about coal-to-liquids (CTL), but I came across interesting info yesterday after opening a former colleague’s mail that I thought would make for a more interesting post. The CTL piece will thus have to wait a bit. What was in the package was a hard copy of the January/February 2007 edition of CNBC European Business. This edition is dedicated to climate change, but, more importantly, to how some firms are positioning themselves to benefit from the markets that will be created as a result of regulatory and other actions to tackle greenhouse gas...
Some Tidbits From The World Of Emissions Trading
To be sure, the near-term prospects for carbon emissions trading are bleak. Continued decline in industrial production across the world's major manufacturing economies will inevitably lower carbon emissions. The clearest indicator of this, short of directly measuring emissions, is a sharp decline in the price of various fossil energy commodities (i.e. oil, natural gas and coal) on the back of falling demand. Another important factor for carbon emissions trading is that the commodity in play - the regulatory right to emit a unit of carbon dioxide equivalent (CO2e) - derives its legitimacy entirely from a regulatory scheme...
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...
Ten Insights into Carbon Policy and Its Implications
On November 27, I attended the National Renewable Energy Laboratory's (NREL) Fifth Energy Analysis Forum, hosted by NREL's Strategic Energy Analysis & Applications Center. The forum focused on carbon policy design, the implications for Renewable Energy and Energy Efficiency. As a stock analyst focused on that sector, I am extremely lucky to have NREL as a local resource: the quality and the level of the experts at NREL and the ones they bring in is probably not matched anywhere in the country, and conferences like these provide priceless insights into what these Energy Analysts are thinking. Why should investors...
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...
Avoiding a Carbon-Price Backlash
by Tom Konrad, Ph.D. Economics and Greenery, a Belated Rapprochement It is truly a triumph of economic ways of thinking that many of environmental activists are championing market-based approaches to tackling climate change. Those people who are not for cap-and-trade on global warming gas emissions promote the even more economically rigorous carbon tax. The most common defense against criticisms of subsidies for renewable energy is to retort that the fossil fuel industry benefits from much large subsidies. Not only do fossil fuels get generous subsidies in direct and indirect payments, but they seldom pay anything like the indirect costs...
Climate Change Will Hurt The Poor Most But the Solutions Don’t Have To
The International Center for Appropriate and Sustainable Technology (iCAST) helps communities use local resources to solve their own problems. I've been a fan of iCAST's approach of teaching people how to fish (or, in this case, how to apply sustainable technologies) rather than giving away fish since I first encountered them at a conference in 2006. Last week, they took advantage of some of their own local resources (namely the fact that the DNC was in Denver) to organize a luncheon with a panel of nationally recognized speakers, any one of whom would have been enough to draw a...
Carbon Finance…The Next Bonanza
Few investors outside of Europe have ever heard of the term carbon finance. What some investors might have heard, however, is that Goldman Sachs took, on September 20, 2006, a 10.1% stake in a little outfit known as Climate Exchange plc (LSE:CLE) for approximately $23 million. Admittedly, by Goldman Sachs standards, that’s peanuts. Not to be outdone, Morgan Stanley unveiled a plan on Thursday October 26 to invest a whopping $3 billion in global carbon markets over the next few years…now that’s the kind of money that gets folks talking at the water cooler, especially when it’s in something...
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...
