Climate Technology

Surprise first-quarter profit for Honda, unsurprising giant loss for Ford

Despite an economy that has hit automakers hard, Honda Motor Co. on Friday reported an unexpected record profit for its fiscal first quarter, crediting demand for fuel-efficient Civics and Fits for the surprise boost. Honda was the only automaker to report better U.S. sales in June 2008 than in June 2007, though small-car specialists Kia […]

Carbon Retirement sees opportunity in European allowances

Carbon Retirement -- you read it here first (or maybe second).

I don't normally endorse individual companies. But I have long thought European allowances were the best alternative to offsets and am delighted someone has made a business out of it.

The business opportunity is clear -- offsets suck. At a policy level, they can destroy the environmental value of climate legislation.

At a personal level, lots of vendors are selling very dubious offsets, including CCX. I can't imagine why you would waste your money on the most popular offsets, trees (certainly not a Northern forest -- heck, even offset seller Terrapass disses trees). And don't get us started on the other popular offset, RECs.

But I know some of you out there really want to be carbon neutral, and while you have bought 100 percent renewable power for your superefficient home that uses a geothermal heating and cooling system to replace natural gas, and you bought a Prius for the family car and you telecommute, you just haven't figured out how to avoid some driving and flying.

What to do? Buy real emissions credits from the European market and retire them permanently! Now that is the best idea since solar baseload.

Western states unveil draft cap-and-trade scheme

The Western Climate Initiative has unveiled a draft proposal for a regional cap-and-trade program that would kick off in 2012. The 11 states and provinces involved — Arizona, British Columbia, California, Manitoba, Montana, New Mexico, Ontario, Oregon, Quebec, Utah, and Washington — would impose an as-yet-determined greenhouse-gas emissions limit on industries and utilities, then allow […]

Smart economic development policy for the 21st century

The following is an elaborated version of the brief talk I gave at my Netroots Nation panel. The U.S. economy is in serious trouble, mired in a period of slow growth and high prices — i.e., stagflation. Worse, high prices can largely be traced to escalating fossil fuel costs that are almost certain to continue […]

Feds rush to weaken workplace safety rules on toxics before term ends

The Bush administration is trying to push through a new workplace safety rule to weaken workers’ protections against toxic chemicals before Bush’s term ends, according to The Washington Post. The rule, which has not been made public, would mandate a reevaluation of the methods used to measure risks to workers from toxic exposure in the […]

Bush admin proposes low royalty rates in push for U.S. oil-shale development

The Bush administration proposed rules [PDF] for U.S. oil shale development Tuesday that include charging lower royalty rates for oil-shale production on public lands than it does for other oil and gas drilling. The lower royalties are meant to encourage oil-shale production since, as it turns out, the energy- and pollution-intensive process of cooking rocks […]

World Bank overstates commitment to environment, says internal watchdog

The World Bank overstates its commitment to financing sustainability-minded projects in developing countries and should greatly improve its efforts, according to an internal review. Official estimates hold that the bank put $59 billion into environment-focused projects between 1990 and 2007; while the bank’s coding system makes it difficult to figure out specifics, the Independent Evaluation […]

Author Elizabeth Royte chats about the bottled-water boom and backlash

Elizabeth Royte.Photo: Rod MorrisonJournalist Elizabeth Royte drinks tap water, but she spends a lot of time thinking about the bottled kind. In her new book, Bottlemania: How Water Went on Sale and Why We Bought It, Royte investigates the causes and consequences of the bottled-water industry’s astounding growth. With her refillable water bottle in hand, […]

Consumers tiring of ads with sketchy eco-claims

As every business and its mom tries to get in on the eco-friendly craze — actual recent press release to hit our inbox: “Portable hot tubs go green!” — consumers seem to be tiring of omnipresent greenwashing, say analysts. “After 18 months, levels of concern on any issue tend to drop off,” says Jonathan Banks […]

New Nature Conservancy prez chats about jumping from Goldman Sachs to the green scene

The stereotypes of biz-begrudging enviros and planet-pillaging business leaders were upended years ago. These days, green groups and corporations team up on everything from preserving land to pushing for climate regulations. Now, in the latest example of cross-pollination, they’re even swapping executives. Mark Tercek Photo: Mark Godfrey/The Nature Conservancy Mark Tercek, who took the helm […]