US Catches Up with International Carbon Market

According to a new report release by New Energy Finance, the volume of carbon credits bought and sold in the Regional Greenhouse Gas Initiative (RGGI) in the United States matched the entire volume of credits traded on the international carbon market in the second quarter of this year. The number of carbon credits sold under the CDM in Europe, in the second quarter of this year, increased by 25% on the first quarter. However the volume of credited traded on the secondary market decreased by 15% during this period. Most of this decline was due to reductions in the volume of future contracts, possibly in reaction to the higher volume of European Emission Allowances now on the markets as a result of the economic downturn. In stark contrasts, the number of carbon credits traded in the Regional Greenhouse Gas Initiative in the Northeast region here in the States, increased by 319% over the first quarter of this year.

Clean Energy Sector Ups Spending on Lobbyists

A recent report from research firm New Energy Finance, spending on Washington lobbyists by the clean energy industry has accelerated rapidly in recent years, but still lags behind that the fossil fuel industry. Through the first six months of 2009, the sector spent an unprecedented $r12.1 million on lobbying, According the Center for Responsive Politics, During the same period, oil and natural gas spent $82.2 million on lobbying, with ExxonMobil alone contributing $14.9 million. That’s $2.8 million more that the entire clean energy sector.

Clean Energy Investment Languishes in The US While Bouncing Back Strongly in Europe

New Investment in clean energy worldwide rallied in the second quarter of 2009, reaching $24.4 billion, according to figures published recently by New Energy Finance. The data, which is based in actual deal and project transactions, show that during the second quarter, there was a big improvement on the first quart of 2009, when investment was just $13.3 billion. Despite this dramatic increase in investment, the investments of the second quarter were 37% below the investment amount from the same quarter last year, when the figure was $36.2 billion.

The Business Case for Carbon Offsetting

The market for voluntarily offsetting carbon emissions doubled between 2007 and 2008 to reach $700m. With forecasts suggesting that the market could double again to 2012 this new sector is now attracting the attention of more serious investors and traders, as well as more companies looking to offset their emissions. But despite all the excitement around these projections there has been no systematic analysis of where the demand in this new market will actually come from, if indeed at all. Nobody has stopped to ask the simple questions “why do organizations voluntarily offset their emissions?” “how much value do they get out of it”, and “when does carbon setting work and when doesn’t it work?“

Renewable Energy Investment Bounces Back in Second Quarter

New investment in the worldwide clean energy sector in the second quarter of 2009 has already surpassed that in the first quarter by a third, with several weeks still to go in Q2, according to analysts at New Energy Finance. However, this is in comparison to a disastrous first quarter, which saw investment down 44% from the fourth quarter of 2008, and down 53% from the peak in the first quarter of 2008. Overall, new investment is expected to finish 2009 between US$95 billion and $115 billion, a drop of between 26% and 39% on last year’s total of $155 billion, says New Energy Finance.

Sustainable Business Releases The State of Green Investing 2009

The Report can be purchased as part of a subscription to Progressive Investor or separately for $89. Progressive Investor is a monthly newsletter that guides investors and analysts toward green investments. Published by SustainableBusiness.com, it covers all green business sectors, including renewable energy, green building and healthy lifestyle. You can read an excerpt of the Report on SustainableBusiness.com. It is an in-depth interview with Patrick McVeigh, president of Reynders, McVeigh Capital Management, a green/social portfolio management firm. Progressive Investor talked with him about his impression of market conditions, the impact of the stimulus plan on cleantech, and how they are managing porfolios under these circumstances. You can also read the sample article, The Green Investment Landscape.