Clean Energy News; Government of Canada Announces Details of $400 million commitment for international climate change
WATERLOO, ONTARIO--(http://www.investorideas.com/ clean energy stocks blog ) - Oct. 1, 2010) - Today, the Honourable Jim Prentice, Minister of the Environment, released the details of Canada's $400 million commitment for international climate change while speaking to the Centre for International Governance Innovation's annual conference.
"This represents Canada's largest ever contribution to support international efforts to address climate change and it will support three key areas in which Canada has considerable expertise: adaptation, clean energy, forests and agriculture," said Minister Prentice.
Funding for adaption will support critical on the ground projects that will build knowledge and adaptive capacity, while reducing vulnerability to natural disasters. Other funding will focus on mobilizing private sector investment in renewable energy and energy efficiency projects, and will provide technical assistance to developing countries as they work to implement these types of clean energy. Canada's contribution will also support projects in developing countries which are essential to laying the groundwork for ambitious global action on Reducing Emissions from Deforestation and Forest Degradation (REDD+).
Under the Copenhagen Accord, developed countries committed to provide fast-start financing approaching US$30 billion for 2010-2012 to support climate change mitigation, including financing for adaptation, capacity building, technology transfer and reducing greenhouse gas emissions from deforestation in developing countries.
As promised as part of the Accord, this investment represents the 2010 portion of Canada's fair share of the fast-start financing promised by developed countries under the Copenhagen Accord. While Canada contributes to 2 per cent of worldwide GHG emissions, it is contributing 4 per cent of the funding.
Canada will continue to work constructively to implement the Copenhagen Accord and to complete the negotiations under the UNFCCC for a comprehensive, legally binding post-2012 agreement that is fair, effective and comprehensive.
For the details of Canada's fast-start financing and the funding priorities, visit: www.climatechange.gc.ca/default.asp?lang=En&n=5F50D3E9-1.
For more information and to view a backgrounder on this announcement, please visit the Web site of Environment Canada at http://www.ec.gc.ca/.
(Egalement offert en francais)
For more information, please contact
Office of the Minister of the Environment
Pascale Boulay
Press Secretary
819-997-1441
or
Environment Canada
Media Relations
819-934-8008
1-888-908-8008
http://www.ec.gc.ca/
or
Canada's Environment Minister Twitter page:
http://twitter.com/jimprentice
or
Environment Canada's Facebook page:
http://www.facebook.com/environmentcan
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Showing posts with label climate change. Show all posts
Showing posts with label climate change. Show all posts
Sunday, October 03, 2010
Thursday, January 28, 2010
SEC Issues Interpretive Guidance on Disclosure Related to Business or Legal Developments Regarding Climate Change
SEC Issues Interpretive Guidance on Disclosure Related to Business or Legal Developments Regarding Climate Change
FOR IMMEDIATE RELEASE
www.sec.gov
Text of Chairman's Statement Washington, D.C., Jan. 27, 2010 — The Securities and Exchange Commission today voted to provide public companies with interpretive guidance on existing SEC disclosure requirements as they apply to business or legal developments relating to the issue of climate change.
Federal securities laws and SEC regulations require certain disclosures by public companies for the benefit of investors. Occasionally, to assist those who provide such disclosures, the Commission provides guidance on how to interpret the disclosure rules on topics of interest to the business and investment communities. The Commission's interpretive releases do not create new legal requirements nor modify existing ones, but are intended to provide clarity and enhance consistency for public companies and their investors.
The interpretive release approved today provides guidance on certain existing disclosure rules that may require a company to disclose the impact that business or legal developments related to climate change may have on its business. The relevant rules cover a company's risk factors, business description, legal proceedings, and management discussion and analysis.
"We are not opining on whether the world's climate is changing, at what pace it might be changing, or due to what causes. Nothing that the Commission does today should be construed as weighing in on those topics," said SEC Chairman Mary Schapiro. "Today's guidance will help to ensure that our disclosure rules are consistently applied."
Specifically, the SEC's interpretative guidance highlights the following areas as examples of where climate change may trigger disclosure requirements:
Impact of Legislation and Regulation: When assessing potential disclosure obligations, a company should consider whether the impact of certain existing laws and regulations regarding climate change is material. In certain circumstances, a company should also evaluate the potential impact of pending legislation and regulation related to this topic.
Impact of International Accords: A company should consider, and disclose when material, the risks or effects on its business of international accords and treaties relating to climate change.
Indirect Consequences of Regulation or Business Trends: Legal, technological, political and scientific developments regarding climate change may create new opportunities or risks for companies. For instance, a company may face decreased demand for goods that produce significant greenhouse gas emissions or increased demand for goods that result in lower emissions than competing products. As such, a company should consider, for disclosure purposes, the actual or potential indirect consequences it may face due to climate change related regulatory or business trends.
Physical Impacts of Climate Change: Companies should also evaluate for disclosure purposes the actual and potential material impacts of environmental matters on their business.
The SEC's interpretive release will be posted on the SEC Web site as soon as possible. www.sec.gov
_________________________________
News & Stories Published at Clean Energy Stocks Blog.
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Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
FOR IMMEDIATE RELEASE
www.sec.gov
Text of Chairman's Statement Washington, D.C., Jan. 27, 2010 — The Securities and Exchange Commission today voted to provide public companies with interpretive guidance on existing SEC disclosure requirements as they apply to business or legal developments relating to the issue of climate change.
Federal securities laws and SEC regulations require certain disclosures by public companies for the benefit of investors. Occasionally, to assist those who provide such disclosures, the Commission provides guidance on how to interpret the disclosure rules on topics of interest to the business and investment communities. The Commission's interpretive releases do not create new legal requirements nor modify existing ones, but are intended to provide clarity and enhance consistency for public companies and their investors.
The interpretive release approved today provides guidance on certain existing disclosure rules that may require a company to disclose the impact that business or legal developments related to climate change may have on its business. The relevant rules cover a company's risk factors, business description, legal proceedings, and management discussion and analysis.
"We are not opining on whether the world's climate is changing, at what pace it might be changing, or due to what causes. Nothing that the Commission does today should be construed as weighing in on those topics," said SEC Chairman Mary Schapiro. "Today's guidance will help to ensure that our disclosure rules are consistently applied."
Specifically, the SEC's interpretative guidance highlights the following areas as examples of where climate change may trigger disclosure requirements:
Impact of Legislation and Regulation: When assessing potential disclosure obligations, a company should consider whether the impact of certain existing laws and regulations regarding climate change is material. In certain circumstances, a company should also evaluate the potential impact of pending legislation and regulation related to this topic.
Impact of International Accords: A company should consider, and disclose when material, the risks or effects on its business of international accords and treaties relating to climate change.
Indirect Consequences of Regulation or Business Trends: Legal, technological, political and scientific developments regarding climate change may create new opportunities or risks for companies. For instance, a company may face decreased demand for goods that produce significant greenhouse gas emissions or increased demand for goods that result in lower emissions than competing products. As such, a company should consider, for disclosure purposes, the actual or potential indirect consequences it may face due to climate change related regulatory or business trends.
Physical Impacts of Climate Change: Companies should also evaluate for disclosure purposes the actual and potential material impacts of environmental matters on their business.
The SEC's interpretive release will be posted on the SEC Web site as soon as possible. www.sec.gov
_________________________________
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Saturday, January 27, 2007
sustainable world energy outlook report
sustainable world energy outlook report - where we are headed by 2050-
The energy [r]evolution - A sustainable World Energy Outlook is a report by European Renewable Energy Council (EREC) and Greenpeace that provides a practical blueprint for how to half global CO2 emissions, while allowing for an increase in energy consumption by 2050.
full 96 page report click here
"This publication provides stimulating analysis on future scenarios of
energy use, which focus on a range of technologies that are expected to
emerge in the coming years and decades.There is now universal
recognition of the fact that new technologies and much greater use of
some that already exist provide the most hopeful prospects for
mitigation of emissions of GHGs. It is for this reason that the
International Energy Agency, which in the past pursued an approach
based on a single time path of energy demand and supply, has now
developed alternative scenarios that incorporate future technological
changes. In the Fourth Assessment Report of the Intergovernmental
Panel on Climate Change (IPCC) as well, technology is included as a
crosscutting theme in recognition of the fact that an assessment of
technological options would be important both for mitigation as well as
adaptation measures for tackling climate change. "
The energy [r]evolution - A sustainable World Energy Outlook is a report by European Renewable Energy Council (EREC) and Greenpeace that provides a practical blueprint for how to half global CO2 emissions, while allowing for an increase in energy consumption by 2050.
full 96 page report click here
"This publication provides stimulating analysis on future scenarios of
energy use, which focus on a range of technologies that are expected to
emerge in the coming years and decades.There is now universal
recognition of the fact that new technologies and much greater use of
some that already exist provide the most hopeful prospects for
mitigation of emissions of GHGs. It is for this reason that the
International Energy Agency, which in the past pursued an approach
based on a single time path of energy demand and supply, has now
developed alternative scenarios that incorporate future technological
changes. In the Fourth Assessment Report of the Intergovernmental
Panel on Climate Change (IPCC) as well, technology is included as a
crosscutting theme in recognition of the fact that an assessment of
technological options would be important both for mitigation as well as
adaptation measures for tackling climate change. "
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