The CBIs north west director Damian Waters today warns that the region and wider UK is failing to attract the level of investment needed to build low-carbon infrastructure.With a third of energy supply due to close in the next decade and ambitious emissions reductions targets to meet, the UKs power sector alone needs
A coalition containing some of Europe’s largest energy firms has this week called on the European Union to set a more ambitious goal for cutting greenhouse gas emissions as a means of boosting clean energy investment.
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* Public-private partnership can plug funding gap – ACF
* At least A$100 billion required to meet committed targets
* Climate bond issues an key option
SYDNEY, Nov 29 (Reuters) – Australia’s transition to a low carbon economy could cost more than A$100 billion over 10 years and public-private partnerships through government-backed bond issues could be the main financing vehicle, the Australian Conservation Foundation (ACF) said.
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| Sourced From Hindustantimes |
Greenspaces, a proposed Information Technology Park in the National Capital Region, is a ‘Green’ special economic zone (SEZ): designed, developed and operated in a low carbon, sustainable way. It will have a 1.75 million square feet building which includes features such as rainwater harvesting, solar hot water systems etc and 1 megawatt solar power generation enough to meet electricity usage of over 500 homes from rooftop cells. And yes, Reva enthusiasts, even charging points for electric cars.
| Sourced From Egovmonitor |
A plan to create new green jobs and capture the opportunities of the low carbon economy is published today.
It is estimated around 60,000 new Scottish green jobs could be created by 2020 and the Low Carbon Economic Strategy crystallises the Scottish Government’s approach to utilise Scotland’s vast natural resources and competitive advantages to grow the economy and cut emissions.
| Sourced From Carbonpositive |
The worlds biggest carbon trading market, the EU Emissions Trading Scheme (EU-ETS), continues to claw back ground from its recent low point in July amid a gradually improving economic outlook. But with EUAs approaching the
* Developing countries can promote low-carbon growth
* Urged to harness investments by multinationals
* Low-carbon investment flows totalled $90 billion in 2009
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GENEVA, July 22 (Reuters) – Developing economies can jumpstart low-carbon economic growth through “clean” investment promotion policies, despite slow progress in international climate negotiations, a United Nations agency said.
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| Sourced From Lowcarboneconomy |
Energy and climate change secretary Chris Huhne has called for a “meaningful price” to be placed on carbon as part of the effort to stimulate low carbon investment.
In an address to the UK Energy Summit, Mr Huhne said that the UK has “enormous potential” in terms of renewable energy generation, but barriers must first be removed and incentives put in place.
LONDON (Reuters) – Prices for European carbon emissions permits are too low to deliver low-carbon investment and the British government should press the EU to tighten limits on emissions, a UK Parliamentary committee said on Monday.
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