Business & Technology

A closer look at problems with the sectoral approach to carbon offsets

Last month I went home to Barcelona to attend Carbon Expo, one of the major annual gatherings for professionals involved in the global carbon market. There were many interesting conversations and panel discussions over the course of the three-day conference, but one in particular focused on sectoral mechanisms as a way of sourcing international offsets from emerging economies. In my last post, I argued that a sectoral mechanism can be a powerful instrument to deliver cost-effective offsets — provided it is able to clearly link investment and subsequent returns from a private sector perspective. In relation to this, one of …

Crude Behavior

‘Sweet Crude’ documents oil exploitation in the Niger River Delta

Picture in your mind the Niger River Delta. What do you think of? Water, mangrove trees, fishing boats? Wrong. Try brown sludge-filled waterways flanked by constantly flaring gas stacks. Welcome to Oporoza, Nigeria — the place where 10 percent of U.S. oil imports originates. When filmmaker Sandy Cioffi traveled to Oporoza in 2006 to make a documentary about a community library, she did not expect to return with Sweet Crude, a film that mentions AK-47s more than books. But at the library’s opening ceremony, a student group (read: political activist group) protested, objecting to Chevron’s role in funding the library …

This blows

Renewables industry protests weak RES proposals in Congress

In January, Barack Obama stopped by the Cardinal Fastener & Specialty Co. in Bedford Heights, Ohio, to promote his economic-stimulus plan. The company, which has manufactured parts for bridges and machinery since 1968, began three years ago to make giant nuts and bolts to hold together wind turbines. During his visit, Obama cited the factory as evidence that “a renewable energy economy isn’t some pie-in-the-sky, far-off future,” and touted his plans to double the production of renewable energy in three years and create millions of new jobs in the process. But Cardinal Fastener CEO John Grabner joined other members of …

A Prescription for Leadership?

Big Pharma: The case for corporate climate responsibility

Today, Climate Counts is releasing our review of the pharmaceutical industry, and they’ve made for an interesting case: they are both extraordinarily profitable and have received the highest scores yet of any of the 14 industries on our Climate Counts Company Scorecard. But in spite of good scores on measurement and reporting, they’ve been weak on reducing their emissions and have, for the most part, failed to use their formidable collective lobbying muscle to help pass strong climate legislation. That’s quite a mixed bag–what does it all mean? Profits and climate action are (of course) compatible Fourteen of 16 pharmaceutical …

A walk through the week's climate news

The Climate Post: Waxman-Markey, Bonn, and carbon counting

The U.S. Congress fast-tracks climate legislation, international negotiators hash through the first “negotiating text” for year-end global talks in Germany, and big businesses start counting their carbon. The pile of climate stories this week climbed faster than predicted New England sea levels. The American Clean Energy and Security Act — aka Waxman-Markey, aka ACES, aka H.R. 2454 — may reach the House floor by the July 4th recess, if Speaker Nancy Pelosi’s new legislative push proceeds as she intends. She has charged the eight committees evaluating the legislation to complete their work by June 19, which may be a particular …

The California Coda

Our peak oil future? Electric vehicle startup unveils Chinese-made, $45K ‘economy’ car

Open one of those minimalist black boxes that contain a shiny new iPod and you’re greeted by five words — “Designed by Apple in California.” In much smaller print would be the phrase “Made in China.” Will Americans warm to a Chinese-built car when they can buy a domestic EV like the Chevy Volt for a similar price?Courtesy Coda AutomotiveThat, in a nutshell, describes the strategy of the latest entrant in the electric car sweepstakes: Santa Monica-based Coda Automotive. At a defunct Wilshire Boulevard Jaguar dealership on Wednesday, the startup emerged from stealth mode and CEO Kevin Czinger literally pulled …

GM sells Hummer to China — the second mistake by those clueless new owners?

China’s Sichuan Tengzhong Heavy Industrial Machinery Company has agreed to buy the Hummer brand from GM for less than $500 million, according to a source familiar with the transaction -- well off its peak value of a decade ago.

Nobelist Krugman slams Reaganite Feldstein on global warming economics

Nobel prize-winning NYT columnist Paul Krugman has been doing some terrific writing on the economics of climate action (see Climate action “now might actually help the economy recover from its current slump” by giving “businesses a reason to invest in new equipment and facilities” and Krugman strongly endorses Waxman-Markey). Now he has turned his attention to fellow economist Martin Feldstein, who recycled a lame WSJ piece into an uber-lame Washington Post piece. [Note to self: If Post editorial page editor Fred Hiatt keeps recycling garbage, you're going to have to stop criticizing him for being anti-environmental.] At 5:02 am (!) …

Humm-dinger

Advice for the Chinese manufacturer who just bought Hummer

Tough enough to drive over the Great Wall?GM.comI can’t say as I know exactly what’s going through the minds of the top executives at Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. who have reportedly just purchased the Hummer brand from GM. I’ll say one thing, though. I’m pretty sure they’re not Peak Oilers. Still, give them credit for some much-needed greenwashing: [Hummer spokesman Nick] Richards said the buyer planned to continue selling Hummer’s current lineup as it developed “more efficient” vehicles. The brand will eventually sell trucks fueled by diesel, ethanol and other alternative fuels, he said. That’s the spirit! …

Welcome to the new Grist. Tell us what you think, or if it's your first time learn about us. Grist is celebrating 15 years. ×