NewEnergyNews: THE ECONOMICS OF EMISSIONS OFFSETS TRADING

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The new challenge: To make every day Earth Day.

YESTERDAY

  • ORIGINAL REPORTING: HAWAII'S UTILITIES PLAN FOR 67% RENEWABLES BY 2030
  • ORIGINAL REPORTING: CAN WARREN BUFFETT'S PACIFICORP BRING THE NORTHWEST'S RENEWABLE RICHES TO MARKET?
  • THE DAY BEFORE

  • ORIGINAL REPORTING: A UTILITY IN THE MAKING: THE MUNICIPALIZATION OF BOULDER, COLORADO
  • ORIGINAL REPORTING: WHAT HAPPENED TO THAT NATIONAL HIGH VOLTAGE TRANSMISSION SYSTEM?
  • -------------------

    GET THE DAILY HEADLINES EMAIL: CLICK HERE TO SUBMIT YOUR EMAIL ADDRESS OR SEND YOUR EMAIL ADDRESS TO: herman@NewEnergyNews.net

    -------------------

    THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: THE STATE OF THE U.S. WIND INDUSTRY (AND WHAT IT MEANS FOR UTILITIES)
  • ORIGINAL REPORTING: HOW SACRAMENTO'S PUBLIC UTILITY IS GETTING IN THE RESIDENTIAL SOLAR BUSINESS
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: HAS APS INVENTED A ROOFTOP SOLAR BUSINESS MODEL FOR UTILITIES?
  • ORIGINAL REPORTING: THE GRID NEEDS INDEPENDENT DISTRIBUTION SYSTEM OPERATORS
  • AND THE DAY BEFORE THAT

  • ORIGINAL REPORTING: HOW SHOULD UTILITIES VALUE SOLAR?
  • ORIGINAL REPORTING: IS PUERTO RICO THE NEW POSTER CHILD FOR THE UTILITY DEATH SPIRAL?
  • THE LAST DAY UP HERE

  • Weekend Video: Reindeer Stresses
  • Weekend Video: Pink Fracking
  • Weekend Video: Fighting Duke For Solar
  • --------------------------

    --------------------------

    Anne B. Butterfield of Daily Camera and Huffington Post, is an occasional contributor to NewEnergyNews

    -------------------

    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

    -------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    Your intrepid reporter

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • Wednesday, August 27, 2008

    THE ECONOMICS OF EMISSIONS OFFSETS TRADING

    Investor/securities authority William D. Glubiak says emissions offsets trading is a fulfillment of the potential of Nobel laureate economist Milton Friedman’s free market economics.

    Glubiak observes, in what he calls the “green movement,” a move toward social responsibility in individuals’ and corporations’ choice of investments. And he describes how the free market, by moving to fulfill that demand, can serve both wealth and the environment.

    Glubiak: “…[H]ow do we blend these two seemingly opposite forces? Carbon trading can play a critical and perhaps earth-changing role.”

    The first step in social responsibility is something straight out of the Hippocratic Oath: “First, do no harm.” Be efficient. Generate no unnecessary emissions. How perfect: The planet is running a fever. Every citizen is a doctor charged, first and foremost, to do no further harm.

    An active life in a society designed around the generation of fuel by burning things, though, inevitably necessitates some harm. For that, there is the opportunity to invest in businesses that earn money using New Energy or using energy efficient methods. Such investments balance excess emissions by sponsoring reduced emission-activities.

    Businesses seeking to balance their excess emissions have the opportunity to sponsor businesses that generate New Energy. Buyers and sellers of such offsetting investments make a marketplace. Nothing could make Milton Friedman happier, Glubniak suggests.

    Glubiak sees innovation being driven by the “green movement” seeking investments for the socially responsible emissions trading marketplace. He sees engineers as the providers of the technology: “You can make Friedman proud and still save the planet!”
    He also points out, as evidence of the change the emissions trading marketplace has already created, that corporations are beginning to add the company’s carbon footprint and its socially responsible actions into annual reports. He is here describing the further emergence of what award-winning author and economist Hazel Henderson has called
    the sustainability sector.

    It is exciting to see a proponent of emissions offsets trading present an argument for socially responsible investing. Concern must remain about the so-far demonstrated inability of investors to recognize the difference between truly socially responsible investments (wind and solar energies) and those that merely promise it (corn ethanol, carbon capture and storage).

    E.F. Schumacher: “The system of nature, of which man is a part, tends to be self-balancing, self-adjusting, self-cleansing. Not so with technology.”


    Cap and Share is a socially responsible version of Cap and Trade. (click to enlarge)

    Commentary: Carbon credit trading, the green movement and the demise of Milton Friedman
    William D. Glubiak, August 25, 2008 (EE Times)

    WHO
    Milton Friedman, economist, Nobel Laureate; William D. Glubiak, representative, Securities America Inc./member, FINRA/SIPC and Securities America Advisors; Engineers

    WHAT
    Friedman advocated the most unfettered market activity. Emissions trading could be the free market’s way of controlling greenhouse gas emissions and the global climate change they induce.

    Mr. Freidman's most accessible book. (click to enlarge)

    WHEN
    - Friedman died in 2006. He was one of the most influential economists of the 20th century. - The MOST influential? Well, Keynes has exerted influence for about twice as long. But then there is Keynes’ own remark, “In the long run, we’re all dead.” He and Friedman most certainly are.
    - If the most apocalyptic of the Peak Oilers turn out to be right, E.F. Schumacher, author of Small Is Beautiful, may someday to be seen as more influential than Keynes or Friedman.
    Chicago Climate Exchange (CCX) was formed in 2003.

    WHERE
    - The idea of being carbon neutral can be like an “above the line” and “below the line” opposition. Emissions by those “above the line” are balanced by those “below the line.”
    - CCX is emerging as the primary arena for trading voluntary emissions offsets.

    WHY
    - Social responsibility drives investors toward carbon neutrality and toward investments that offset activities that generate emissions.
    - Basic premise: Humans pollute and so do corporations.
    - Carbon footprint: How much we pollute. A reduced carbon footprint equals less environmental harm.
    - Carbon neutrality equals zero environmental impact. (?)
    - Keys to carbon neutral practice: Green design, energy efficient technology.
    - Investment vehicles, growing in volume, that balance excessive emissions: Alternative energy sources [wind, solar power, geothermal, nuclear energy(?), biofuels (?)]
    - Engineers have the key skill set to develop technology at which trading investments aim.

    The most important economic text of its time? (click to enlarge)

    QUOTES
    - Glubniak: “Will carbon credit trading and the green movement lead to the demise of Milton Friedman's philosophy? Not a chance! We have entered into a time of awareness that our Blue Planet faces some serious challenges. But the green movement, combined with advances in technology and some smart investing, offers economic opportunities worldwide. Keep your eyes open. There's a movement afoot, but Friedman's economics will prevail.”
    - E.F. Schumacher: “Infinite growth of material consumption in a finite world is an impossibility.”

    1 Comments:

    At 9:05 AM, Blogger Ron Robins said...

    Thought not specifically related to this post, but certainly warrants consideration is green-socially responsible investing.

    I've been following it for around forty years and have a unique site that covers the latest global news and research in this area. It's at www.investingforthesoul.com

    Best wishes, Ron Robins

     

    Post a Comment

    << Home

    *