Green Investing Part V - Oz cleantech Index
May 28th 2008 04:41
I have been wanting to write this post for a while. For those wanting to Invest in Green stocks in Australia we finally have a set universe outlined for us, The Australian Cleantech Index or ACT has been formulated CLICK HERE TO GO TO THEIR WEBSITE to see their methodology It has a market Cap of about $11bn give or take which, ill have to admit is surprisingly large. Some of the names are a stretch, but you can't blame them for trying now can you.The list of names aren't published on the web-site but I happen to have them for Orblers

CLICK THROUGH TO http://www.climatered.com/

have written some previous posts that cover about half these stocks, Ill be doing some more work on these except for obvious areas of conflict in my philosophy such as biofuels.

cheersLouie

new round of climate change talks

A new round of Climate Change talks kicks off in Bangkok this week.Not sure why but Penny Wong is not attending, instead Australia will be represented by a delegation, the talks must be pretty low level, but any progress will be important.Here is a quote from the Executive secretary of the United Nations Framework convention on Climate Change (UNFCCC), Yvo de Boer
“The challenge is to design a future agreement that will significantly step up action on adaptation, successfully halt the increase in global emissions within the next 10 to 15 years, dramatically cut back emissions by 2050, and do so in a way that is economically viable and politically equitable worldwide,” (UNFCCC).Here is a link to the UN News centre if you want more details.As has been discussed before, the key to these talks is participation from China and India, we need to give them enough to motivate them to agree to firm targets so that everone can be on the same page. Steering the talks in the direction of adaptation is a good start to achieving this goal. If we can focus on changing our behaviour and all working together the talks will be much more progressive. Here's hoping the US don't try to derail them this time, mind you it is pretty clear the next US President, whoever that will be, will have a much stronger mandate to be part of the Global solution.cheersLouie