carbon future Articles

  • Review of the stochastic properties of CO 2 futures prices

    In this paper, we review the extant mathematical and environmental economics literatures on the stochastic properties of CO 2 emission allowance futures prices. We explain the main findings arising from this literature from both continuous- and jump-diffusion models. Based on the activity signature function, by Todorov and Tauchen (2010, 2011), our review shows that the Brownian motion shall ...


    By Inderscience Publishers

  • Estimating the 'value at risk' of EUA futures prices based on the extreme value theory

    This paper employs the Extreme Value Theory (EVT) to measure the 'Value at Risk' (VaR) of EUA futures prices. The results show that during the sample period: first, the EVT approach can be used to reliably measure the extreme risk of carbon futures markets of the European Union Emissions Trading Scheme, both for Phase I and Phase II. Second, the downside extreme risk of carbon futures market ...


    By Inderscience Publishers

  • A low carbon future with public transport

    The contribution public transport makes to reducing carbon use and the mitigating the risk of climate change; this paper will provide a short background on greenhouse gases (ghg), detail the share and responsibility for public transport; and provide recommendations.   ...

  • Towards a low carbon future: European Strategic Energy Technology Plan

    On 22 November, the European Commission presented the European Strategic Energy Technology Plan (SET-Plan). Low carbon technologies will play a vital role in reaching our energy and climate change targets. The main goal of the SET-Plan is to accelerate the development and implementation of these technologies. This background note sets out the details of the SET Plan. Its rationale accompanied by ...

  • How cities can lead the way toward a low-carbon future

    Cities around the world currently account for two-thirds of global energy consumption. By 2050, some 70 percent of people will live in cities. If cities embark on a low-carbon development path today, global greenhouse gases could be 30 percent lower in 2050 than they are today. These are just a few of the insights highlighted in a recent infographic created by the World Bank. ...


    By Ensia

  • Is technology the path to a lower carbon future?

    Advances in technology will keep energy supplies plentiful and affordable – enough to meet projected demand many times over — and help pave the way to a lower carbon energy mix, according to data published today in the BP Technology Outlook. “Technology opens up a whole range of possibilities across the energy sector,” said Bob Dudley, BP Group Chief Executive. “It ...


    By GLOBE SERIES

  • CO2 prices and portfolio management

    Since the launch of the European Union Emission Trading Scheme (EU ETS), the interest in the trade of EUAs is constantly increasing among academics and market participants. The objective of this paper is twofold: (a) a detailed description of this new market is provided for portfolio managers and (b) a comprehensive study of the implications of including Phase II EUAs in diversified portfolios is ...


    By Inderscience Publishers

  • In next practice collaborative, top companies transition to low-carbon future

    The world 20 years ago looked very different from today. There was no widespread use of the internet. VHS movies rather than streaming video were the norm, and few could (nor did) imagine oil costing $100 a barrel. Innovations over this timeframe, like instant global financial transactions, social networking, and virtual communications unheard of when today’s managers entered the workforce, ...

  • A control model of policy uncertainty and energy R&D investments

    Using an optimal control model, we explore the reaction of a firm's optimal investment into an R&D program that aims at non-carbon technologies under uncertainties about a future carbon tax. We find; first, that the influence of risk on investment decisions depends on model formulation. Second, near-term investments decrease in risk in the magnitude of a carbon tax, but increase in uncertainty in ...


    By Inderscience Publishers

  • 3 Steps to Decarbonizing Development for a Zero-Carbon Future

    A new World Bank Group report lays out three steps countries can follow to reduce net emissions of greenhouse gases to zero and stabilize climate change: Plan for the end goal, not just the short-term; get prices right as part of a broad policy package that triggers changes in investment and behavior; and smooth the transition for those most affected. The actions ...


    By GLOBE SERIES

  • Lessons learned from the financial crisis: Designing carbon markets for environmental effectiveness and financial stability

    The spectacular market and regulatory failures we have witnessed in the current financial crisis provide a cautionary tale for any future carbon trading program. The crisis has highlighted the importance of preventing speculative bubbles and excessive risk-taking, how failures in one market can pose broader risks to the financial system, and the need for robust financial regulation. This article ...

  • How to reach zero net greenhouse gas emissions in three steps

    Can the world’s nations afford to make the changes needed to reach net zero greenhouse gas emissions and avoid catastrophic climate change? Yes, says the World Bank Group — if we start now and incorporate three important components into our strategy. In a new report, ...


    By Ensia

  • BC`s Green Economy Set to Grow

    Vancouver, BC (March 16, 2010) - The green economy in British Columbia could be worth over $27 billion by 2020, according to an independent study by the GLOBE Foundation of Canada. The Vancouver-based GLOBE Foundation report, released today, assesses the economic and employment impacts associated with the transformation of the provincial economy towards lower-carbon energy generation and ...


    By GLOBE SERIES

  • Clean Technology: The Answer for Washington`s Low Carbon Future

    The emerging clean technology economy in Washington provides a unique opportunity to drive economicdevelopment and create high paying jobs while reducing the state’s fuel usage and greenhouse gas emissions. Emerging research and studies reveal that greater use of renewable energy systems provides an abundance of economic benefits through job creation, investments in creative technologies and ...

  • With more investment, the developing world can lead the way to a low-carbon future

    Global business can find good investments that also address climate change by looking to the world’s most vulnerable populations. When it comes to helping the world transition to a low-carbon future, developing nations are in a unique position to lead — but they can’t do it alone. Investments are needed. Luckily, the opportunities are promising for ...


    By Ensia

  • Establishing a global carbon market

    In its 2007 publication Policy Directions to 2050, the WBCSD proposes an outline for a post-2012 international framework. It features four key elements: The establishment of a quantifiable long-term (50-year) trajectory for the management of global greenhouse gas (GHG) emissions. Global cooperation to accelerate energy technology development and deployment and enable the rapid transfer of ...

  • Envisioning and co-designing a sustainable future for African cities

    It was with the powerful phrase in mind: “What if the only way to predict the future is to design it,” that Jeff Robinson, Aurecon’s Sustainable Buildings Group Leader, presented at the Green Building Council South Africa’s annual convention as one of the event’s innovation speakers. ...

  • Power to change

    In the coming decades, the world will need double today’s generation capacity. We in the power sector have a strong opportunity to take a lead in combating climate change. But we cannot do this alone. We need to work with governments and other stakeholders to find solutions. We realize some of these changes will take many years, but there is no time to lose and it is only through combined efforts ...

  • Carbon footprint, scenario planning, reduction strategies, benchmarking

    Ocado Limited, the unique and independent online grocer, is the first newcomer to the UK grocery market for a generation. The company has created a blueprint for the future of sustainable grocery shopping offering an alternative to going to the supermarket that is simple, fast, fun, greener and more accurate. Ocado delivers orders out of a single fulfilment centre, not a network of stores, and ...


    By Greenstone+

  • The emergence of Australia's electricity market

    The Australian energy market has developed in response to two sets of government decisions. The first was a policy of the Victorian Government to sell its state-owned electricity supply system and to do so in a way that introduced competition wherever this was possible. At the same time, the Commonwealth (federal) Government had determined on a course of introducing competitive provision of ...


    By Inderscience Publishers

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