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ClimateBiz News :: May 15, 2008


ClimateBiz News :: Bi-Weekly News and Resources on Climate Management

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MAY 15, 2008

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Headlines
The Latest News on Climate Management

Voluntary Carbon Market Tripled in Value in 2007, Mandatory Market Doubled
Two reports look at the global voluntary and mandatory carbon markets, seeing where growth happened, why and what is in store in the future.

UPS to Boost Alt-Fuel Fleet by 30 Percent with New Trucks
With the purchase of 500 new vehicles, the company will continue to grow its alt-fuel fleet, already the largest private fleet in the industry.

Nike Leads Pack of Companies Improving Climate Performance
Companies such as Nike, Google, Anheuser-Busch and Levi Strauss have taken strides in reducing greenhouse gas emissions and communicating those efforts in ways that are transparent to consumers, according to the second Climate Counts Company Scorecard released today.

European Union to Promote Energy Efficiency Through ICT
The European Commission has identified three areas of the economy that can be improved through the use of efficient Information and Communications Technologies.

SMART Papers Breaks Ground on $30M Biomass Plant
The co-generation facility puts the papermaker on the path of using 100 percent renewable energy to power the operations of its Southern Ohio location. The company also will sell excess power to the state’s grid, as well as generate carbon credits.


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Millipore Aims to Cut Carbon Footprint by 20 Percent
Millipore Corp. plans to reduce its carbon footprint by 20 percent during the next five years. The initiative will take aim at the its consumption of non-renewable resources and production of waste, as well as introduce programs that will foster behavioral changes conducive to environmental sustainability.

Ford Becomes First Car Company to Join The Climate Registry
By joining the voluntary North American CO2 reporting group, the company has committed to measuring, reporting and independently verifying its greenhouse gas emissions for its facilities in the U.S., Canada and Mexico.

Gore-Headed VC Firms Rake in Millions for New Climate Funds
By Sarah Griffiths, BusinessGreen
An investment company headed by Nobel Prize winner Al Gore has reportedly closed a new $683m fund for investing in green start up businesses, and VC giant KPCB launches a $500m Green Fund.

Exelon Joins Supply Chain Study Group to Analyze and Reduce Emissions
The utility company will ask its suppliers to provide hard data on their greenhouse gas emissions as part of its membership in the Carbon Disclosure Project's Supply Chain Leadership Collaboration; it is the first U.S. utility company to join the group.

Suppliers See Climate Change Regulation as Business Risk: Survey
The Carbon Disclosure Project queried suppliers about what emissions they report and if they feel greenhouse gas regulations and climate change will impact their operations.

Tesco Adds Carbon Footprint to Product Labels
Shoppers at Tesco supermarkets can now see the carbon footprint of certain items just by checking the label.

Features & Columns
Leading Thinking on Climate Issues

Exxon, the Rockefellers, and the Future of Big Oil
By Joel Makower
The Rockefeller family has made an historic challenge to Exxon Mobil Corp., the company founded by John D. Rockefeller in 1870 (as Standard Oil), and in which dozens of family members still hold stock. The challenge came in the form of a shareholder resolution to require an independent chairman of Exxon's board of directors, so that the company can better maximize long-term shareholder value in a rapidly changing energy environment.

Adapting to Climate Change: A New Frontier for Business
By Andre de Fontaine
Despite a steady transformation of business attitudes on climate change, businesses have been relatively slow to address one global warming challenge: adaptation to the physical impacts of climate change. A new report from the Pew Center on Global Climate Change offers a screening process companies can use to assess climate-related physical risks.

Tools & Resources
Reports, Research and Tips You Can Use

Two Reports Study the Growing Carbon Market

In the past week, two groups have released detailed reports on how carbon markets are growing and evolving. The Ecosystem Marketplace's State of the Voluntary Carbon Markets 2008 report tracks voluntary markets, while the World Bank's State and Trends of the Carbon Market 2008 explores how the Kyoto Protocol and European Union carbon markets are changing.

Included in the details of how much the markets have grown by is insight into why they are growing at different rates and what that means for countries and businesses taking part in or thinking about joining them.

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