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Climate Change Capital is a private asset management and advisory group founded in 2003 to support efforts to develop solutions to climate change and resource depletion. Wikipedia.

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McGlashan N.,Imperial College London | Shah N.,Imperial College London | Caldecott B.,Climate Change Capital | Workman M.,Imperial College London
Process Safety and Environmental Protection | Year: 2012

This paper presents results from research conducted to provide a high level techno-economic and performance assessments of various emerging technologies for capturing CO2 from the air, directly and indirectly, on a life-cycle basis. The technologies assessed include 'artificial trees', the soda lime process, augmented ocean disposal, biochar and bio-energy with carbon capture and storage. These technologies are subjected to quantitative and qualitative analyses, based on the most recent peer reviewed data in the literature, to identify their potential performance as well as the technical and non-technical barriers to their adoption and scale up. Key findings for each technology are presented which seek to highlight the state of technological development and research needs, the anticipated life cycle capture cost in $/tCO2 based on their potential to deliver a 0.1 ppm CO 2 reduction per annum, policy requirements for scale up and, in light of these findings, the likely role that they will play in addressing climate change and broader environmental issues in the medium to long term. The key finding from the work is that the degree of scale-up required for negative emissions technologies to have a material impact on atmospheric emissions (i.e. at a ppm level) is probably unrealistic in less than 20 years. Therefore, emissions prevention efforts should remain the main focus in addressing climate change and the likely role for negative emissions technologies will be in augmenting a suite of mitigation measures targeting economically or practically difficult emissions. © 2012 The Institution of Chemical Engineers.

Smith K.,Climate Change Capital
Climate Policy | Year: 2010

Dasgupta and Weitzman have argued that the saving rates implied by the Stern Review's values for the rate of pure time preference and the elasticity of the marginal utility of consumption are too high from either a normative (Dasgupta) or descriptive (Weitzman) perspective. Given the attention that this debate has received in the literature, there is a need for a rigorous presentation of the determinants of saving rates in the models actually used to evaluate climate change policy. This article provides the first detailed investigation of the implications of Stern's parameter choices for saving; firstly in standard neoclassical growth theory and then in a widely used climate policy model based on that theory, Nordhaus's DICE. In theory and practice, optimal saving rates in the presence of near-zero pure time preference are far from the near- 100% values obtained from the simpler models used by several of the Review's critics. We show that in DICE, for the utility function used in the Stern Review, optimal saving rates do not exceed 32%, and that this falls to 26% when using a higher value for the elasticity of the marginal utility of consumption, as suggested by Stern in his post-Review work. © 2010 Earthscan.

Idriss A.,Climate Change Capital
Proceedings of the Air and Waste Management Association's Annual Conference and Exhibition, AWMA | Year: 2011

The speculation about the need to cut greenhouse gas (GHG) emissions by as much as 80% by 2050, makes it very costly, if not impossible, to build more coal electric generation. The current vagueness in the GHG polices is not conducive to investment in coal fired unit without Carbon Capture and Storage (CCS) applied with a significant capture rate. CCS is not economically feasible, lack of detailed regulatory infrastructure and public disapproval due to possible CO 2 leakage. Governments around the world have been contemplating and debating carbon regulations for over a decade, but has there been a greater lack of certainty related to potential climate change regulation in North American. Both the Canadian and the US governments want to pass climate change regulations, but current economic and political conditions are stalling the efforts. A discussion covers the elements that highlight several challenges and the uncertainty facing industry and regulators in establishing balanced and effective climate change legislation, i.e., the lack of international alignment, cap and trade transforming into a trade issue, increasing likelihood of regional programs instead of nation wide, and performance standards are becoming a greater possibility. This is an abstract of a paper presented at the 104th AWMA Annual Conference and Exhibition 2011 (Orlando, FL 6/21-24/2011).

Ayers J.M.,International Institute for Environment and Development | Huq S.,International Institute for Environment and Development | Faisal A.M.,Asian Development Bank | Hussain S.T.,Climate Change Capital
Wiley Interdisciplinary Reviews: Climate Change | Year: 2014

The close linkages between climate change adaptation and development have led to calls for addressing the two issues in an integrated way. 'Mainstreaming' climate information, policies and measures into ongoing development planning and decision-making has been proposed as one solution, seen as making more sustainable, effective and efficient use of resources than designing and managing climate policies separately from ongoing development activities. But what does mainstreaming look like in practice? This article explores the process of mainstreaming, drawing on the country case study of Bangladesh, one of the countries that have made significant progress on adaptation planning and mainstreaming. The article begins by making the case for mainstreaming, by exploring the linkages and trade-offs between adaptation and development and describing the various approaches to mainstreaming from the literature. Second, it considers how to implement mainstreaming in practice, reviewing an existing four-step framework. Examining this framework against the plethora of mainstreaming experiences in Bangladesh, the article considers how the framework can be used as a tool for assessing the progress of mainstreaming progress in Bangladesh. The article concludes that while the framework is useful for considering some of the preconditions necessary for getting mainstreaming underway, experiences of mainstreaming in Bangladesh reflect a much more complex patchwork of processes and stakeholders that need to be taken into consideration in further research on this topic. © 2013 John Wiley & Sons, Ltd.

News Article | September 5, 2007

Climate Change Capital, an investment banking group based in London that invests in cleantech, says it has closed a fund worth 200 million euros ($273 million). The fund is backed by investors Alpinvest, Robeco, HSBC, USS, Alliance Trust, Bankinter, Woelbern Group and Harcourt. The group, which invests in later-stage companies and targets investments ranging from €5 million to €20 million per portfolio company, says its new fund is one of the largest in Europe dedicated to cleantech. Climate Change Capital says it looks at clean power, clean transport, energy efficiency, waste recovery and water across region. Investors are eagerly raising funds for cleantech, as investment in the sector surged 67 percent in 2006 over the previous year, according to New Energy Finance. Last week, a regulatory filing revealed that EnerTech Capital had raised $75 million of a $250 million planned third fund. In July, Technology Partners said it has formed ‘Fund VIII’ with $300 million for cleantech and life science investments.

News Article | April 20, 2009

Solar-Powered Cell Phone: Japan’s No. 2 wireless carrier, KDDI Corp., said today it will start selling a waterproof, solar-powered cell phone made by Sharp Corp. this summer. — Forbes Guv to Join Detroit Green Car Talks: This week’s Society of Automotive Engineer’s conference, titled “Racing to Green Mobility,” will focus on auto technologies that are environment-friendly and less dependent on fossil fuels. California Gov. Arnold Schwarzenegger will likely talk about global warming and California’s climate legislation. — San Francisco Chronicle. Environment Bonds: Investment company Climate Change Capital is proposing creating “environment bonds” (similar to bonds created by governments during the 20th century to fund efforts to fight World War II to raise money for developing clean technology and building low-carbon economies. — NYT’s Green Inc. Sure Thing: White House Chief of Staff Rahm Emanuel says U.S. lawmakers will pass major energy legislation, possibly including measures to address climate change, by the end of this year. — Reuters Sustainability in Context:Unlike other sustainability indexes, a new model for measuring corporate sustainability performance uses context-based metrics — expressing performance relative to actual social and environmental conditions. Solid wastes, for example, are measured against landfill capacities. — Triple Pundit

News Article | April 8, 2009

WASHINGTON--"We know the country that harnesses the power of clean, renewable energy will lead the 21st century," President Obama said in his address to Congress earlier this year. As investors seek out opportunities in the growing global carbon market, and world leaders prepare for the United Nations climate change conference in Copenhagen in December, it may seem as if the United States is a step behind in reducing carbon emissions; the administration and the Democrat-led Congress are still shaping policy to regulate carbon in the United States. Yet given the United States' role as a global leader and its potentially substantial carbon market, the rest of the world will be watching what happens here very closely, experts from the carbon finance, climate policy, and clean-tech communities said here Wednesday. "What happens here has a profound impact on what everybody else does, (and makes) it more likely to get a decent global agreement," said James Cameron, executive director of Climate Change Capital, an investment management company that specializes in the low-carbon economy. Even if the United States is not able to pass energy or climate change legislation by December, sincere efforts to do so will be meaningful in Copenhagen, Cameron said. Along with Washington's efforts, policy makers and investors will take note of the clean-tech investment taking place in the United States. "People will look to what is actually happening here in real life versus policy life," Cameron said. "Clean-tech investment in the United States is phenomenal." Cameron and others interested in the carbon market gathered in Washington this week for the Carbon TradeEx America forum, hosted by Koelnmesse GmbH, an industry trade show organizer. The carbon market--the trade of carbon allowances--is still in its infancy in North America but stands to grow as Congress considers legislation like Rep. Henry Waxman's American Clean Energy and Security bill. The worldwide carbon market reached a value of $118 billion in 2008, according to the research and analysis firm New Carbon Finance. Speakers at the conference agreed that the renewable energy investments in the stimulus package will encourage the development of a U.S. carbon market. Stephen Harper, the director for environmental and energy policy at Intel, called the stimulus package "a good way to demonstrate a lot of good ideas people have talked about." "It's a down payment only...but if it's done right and the (Department of Energy) actually gets this money out the door, it gives a chance for a number of different experiments," he said. Harper and others at the conference said technology companies will play a significant role in the reduction of carbon emissions. Intel, Dell, and a number of other technology companies are working to convince Congress that information and communications technology (ICT) can play an integral role in reducing emissions. To further that point, they started the Digital Energy Solutions campaign last year to promote public policies that employ ICT as a solution. Rob Atkinson, president of the Information Technology & Innovation Foundation, said the United States should adopt a "comprehensive digital transformation strategy." Information and communications technology is "pervasive and embedded in most of what's going on in today's economy," he said. Technology companies can play an additional role in enabling the reduction of carbon emissions by facilitating campaigns in favor of energy efficiency policies, said Peter Seligmann, the chairman and CEO of Conservation International. "Right now President Obama has a political mandate...but you can begin to see the assassination of ideas is just beginning to bubble," Seligmann said. "This is when the Internet leaders, the Googles and Facebooks, have to kick in--this is when that power of reaching millions has to kick in." Obama is "going to be taken apart by the political process if we don't galvanize millions of people to say (emissions reduction) is important," he continued. "We need to be focused on supporting leadership with the right message, and that's an obligation everybody here has."

News Article | November 26, 2014

A new carbon market that will spur emerging nations to cut emissions is the key element of next year’s planned global climate accord, a U.K. official said. Winning United Nations support for a market that would give credits for emission reductions “would be the most important part of any international agreement,” Amber Rudd, parliamentary under secretary of state for climate change, said yesterday at a hearing at the U.K. Parliament in London. Rather than specify what nations must do, the meeting needs to agree on a framework, or “toolbox that countries can take down and operate” themselves, she said. Certified Emission Reduction credits for December 2015 have more than doubled in value since June 4, when they matched a record low on ICE Futures Europe in London. Prices gained as the U.S. and China agreed to limit emissions and the UN climate secretariat published a report stating the market that creates those credits and others could be extended beyond 2020. The Nov. 24 UN report shows that carbon markets will probably help give nations confidence to pledge bigger contributions to emission cuts during the next year or so because they will provide the ability to tap private investment capital, according to the International Emissions Trading Association. The Geneva-based industry group’s members include BP Plc and Morgan Stanley. “Good market mechanisms are one of the keys to unlocking greater ambition, which the paper hints at,” Dirk Forrister, president of the IETA, said yesterday in an e-mailed response to questions. “It gives options on how they could preserve the best elements of the existing market mechanisms, but upgrade them into a unified system that is simple to understand, use and make operational without losing time.” UN CERs for December 2015 fell 1.9 percent to 53 euro cents ($0.66) a metric ton at 2:40 p.m. on ICE after settling yesterday at the highest level since Feb. 10, according to data compiled by Bloomberg. Prices plunged 96 percent since the securities were first offered in January 2011. Carbon-market linkages between the European Union, the U.S. and China will eventually emerge, particularly if nations can agree to cover similar parts of their economies such as power generation, David Hone, Royal Dutch Shell Plc’s climate change adviser, told the parliamentary committee yesterday. There may not be a strong increase in demand for internationally traded emission credits, Forrister said. While there may be scope for additional purchases by the EU or smaller emerging nations, imports by China and the U.S. seem unlikely, he said. While prices of CERs from the UN’s Clean Development Mechanism have slumped, the securities gave China the confidence to cap its emissions before 2030, said James Cameron, chairman of Climate Change Capital, an investment business in London owned by Bunge Ltd. “Without one, the other wouldn’t have happened,” he said today by phone. The volume of trading between nations will probably be much lower in the next decade than envisaged when countries set up the Kyoto Protocol in 1997, said Cameron. He helped to represent small-island nations in those negotiations two decades ago. “In practice, it’s really difficult to push high carbon prices” and nations including China and Mexico have signaled they will focus on domestic actions, Cameron said. Credits may be generated by markets or government programs and measures, according to a blueprint by the Harvard Project on Climate Agreements. That “hybrid approach” combining UN reporting rules and national contributions can deliver needed investment, while allowing countries to maintain some control over their approach to climate protection, said the U.K.’s Rudd. “We mustn’t be so ambitious that we put people off,” she said.

News Article | March 24, 2015

Despite the precarious state of public finances, the Chancellor has announced funding for a green investment bank – but, overall, technology did not get much airtime In the last budget speech of this Labour Government before the general election, the Chancellor Alistair Darling has promised more investments in green technology, as well a number of other investment funds. But the budget mostly bypassed the IT and tech sector, barring the odd exception. “This budget takes place as the UK economy emerges from the deepest global recession in 60 years,” Darling told Parliament. “We had to decide whether to stand on the sidelines or to intervene. The record shows that the right calls were made.” However he warned that the recovery is still delicate. “It has been a testing time,” Darling admitted. “Our economy is at a crossroads, and confidence has not fully returned either for businesses or consumers.” Darling admitted that the UK economy had retracted by 6 percent during the recession, compared to 4 percent in the US, and outlined a number of measures to support small companies and manufacturers, including a cut business rate tax for 12 months for small to medium businesses. Darling however admitted that he had previously got his growing forecasts wrong and has revised his growth forecast downwards to 3 and 3.5 percent in 2011. The budget also provided grim reading on public sector borrowing, but attempted to take the edge off the stark figures when he revealed that instead of borrowing £178 billion, the government will now only borrow £167 billion – £11 billion less than previously planned – whilst borrowing for 2010-11 will be £163 billion. Darling is to stagger the 3 percent fuel duty increase, and smokers and drinkers will also feel the pinch of higher tax duties, especially cider drinkers. “A stronger economy will make the recovery easier,” said Darling, “but our competitors are not standing still and we can’t take growth for granted. The government has a crucial role to provide investment in key infrastructures.” He promised a modest spending increase in roads as well as the national high speed rail link, but IT and technology in general got very little attention. He outlined a new national investment corporation, UK Finance for Growth, which will streamline and improve government help to small and medium-sized enterprises, overseeing £4 billion of support for business. Darling also promised that 15 percent of all government contracts will to go to small firms. This comes after Labour was accused of saddling British taxpayers with a bill of more than £26 billion for computer systems that have either suffered severe delays, or run over budget, or that have been cancelled altogether. As previously mentioned there was little mention of the IT and tech sector in the budget, although the Chancellor did promise help to the computer games sector, in a similar way to the aid given the British film industry. “The UK has the potential to be a world leader in the digital economy,” said Darling, “and access to high speed broadband is vital to that.” He then briefly mentioned the government’s broadband tax as a way to ensure that both urban and rural areas will allow 90 percent of the country to gain access to fibre networks. However, as Sebastien Lahtinen, co-founder of points out, this is a step back from Gordon Brown’s promise of universal broadband by 2020. “”The Prime Minister made references in a speech on Monday to 100 percent next generation broadband coverage, so we are disappointed that the budget has simply repeated the government’s previous target of 90 percent coverage by 2017,” he said.

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