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October 23, 2007 
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Five Hidden Industry Costs of Climate Change
The true economic cost of climate change in the U.S. remains uncounted, unplanned for, and largely hidden in public debate, says a new study from the University of Maryland.
"The U.S. Economic Impacts of Climate Change and the Costs of Inaction" notes that while much of the public debate has focused on the upfront costs of emission controls, there's been only limited research on subsequent expenses, such as rebuilding or preparing infrastructure to address the economic ripple effects on the agricultural, manufacturing, and public service sectors. This report aims to bridge that gap. Read more... Also This Week... Mitsubishi Electric Targets 30% Carbon Cut from Manufacturing, Product Use Mitsubishi Electric has unveiled “Environmental Vision 2021,” a long-term environmental management initiative aimed at reducing carbon emissions and waste throughout the lifecycle of its products. Read more... GetThere Adds Green Tools for Business Travelers Online business travel service GetThere has introduced new tools aimed at helping companies track and reduce carbon emissions from employee business trips. Read more... World Bank Ups Funding for Climate Projects by 67% The World Bank Group’s commitments to finance renewable energy and energy efficiency projects were up 67% in fiscal year 2007 (ending June 30), according to figures released Saturday. Read more... Insurers Creating Hundreds of New Climate-Related Products Insurers are now offering more than 400 climate-related products and services to tackle climate change — double the number available just over a year ago, according to a new report Ceres, a nonprofit investors' coalition. Read more... Morgan Stanley Predicts $1 Trillion Clean-Energy Market Researchers at Morgan Stanley say that global sales from clean energy sources like wind, solar, and biofuels could hit $1 trillion a year by 2030. Read more... British Telecom to Build Massive Wind Farms BT is planning to build wind farms throughout the U.K. in the biggest expansion of renewable energy outside the power generation sector. Read more... Deutsche Bank Sees "Megatrend" in Climate Investment Deutsche Bank has identified climate change as a market force to be reckoned with, calling the shift away from a carbon-based economy "a megatrend that will shape the asset management industry for many years." Read more... Pennsylvania Mulls Cap on Long-Haul Truck Idling The state of Pennsylvania has introduced a new regulation to limit the idling time of diesel-powered commercial vehicles to five minutes per hour. Read more... Motel 6 Installs Energy Retrofits at 66 California Locations Motel 6 has announced it will install energy-saving retrofits in 7,530 rooms at 66 properties in northern and central California. Read more... More Climate Management News... |
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Big Banks Make the Case for Climate Action 
Senior executives from banking giants Barclays and HSBC are arguing for more green action by the financial sector, pointing to their own leading efforts in climate management. Speaking at Ethical Corporation’s Sustainable Finance Summit last month, Barclays group vice chairman Gary Hoffman laid out his firm's five-point plan on climate change, while Jon Williams, head of sustainable development at HSBC, outlined his bank's post-Kyoto vision. (ClimateChangeCorp) Read more...
Financial Times Special Report on Sustainable Business 
A quick scan of the Financial Times' October 2007 special edition on sustainable business calls climate the "big issue of the moment," and they're not kidding. Of 18 features we counted seven that dealt with global warming directly, including discussions of carbon labeling, weather forecasts to assess risk, green transport, assessing suppliers' carbon footprint, and the effects of climate change on investors and the insurance industry. No major new ground explored here, although it's great to see so many key issues covered in one place.
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This work is licensed under a CreativeCommons License. Copyright Sustainable Life Media Inc. 2007
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