Daily Archives: July 4, 2008

Worldisgreen Links 07/04/2008

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  • Carbon Planet – Carbon Footprints » Blog Archive » Draft Garnaut Review released

    tags: WiGLinks

    • Garnaut describes a few categories of economic modelling: The first category is ‘conventional market economic effects’, things you can measure and have data for. The scond category is ‘things you can measure and model but for which you have no real data’. Tourism falls into this category and so his core model excludes tourism for now. The third category is ‘things we value but that fall outside conteporary economic models’, things such as the Great Barrier Reef, which, when we lose them forever there’ll be a national sense of mourning. He emphasised that the numbers only tell a story in category one, tell a made up story in category two, and tell no story at all in category three.

Garnaut Draft Review

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Ross Garnaut has released his draft climate change plan for Australia today afternoon. It is a big report to digest and there will be a lot of commentary.

I will try to digest the report over the weekend and also read some commentary. In order to help myself to keep track of this I have created a Diigo List. For those interested, you can follow the links here .

Or you can click on the webslides and go through all the websites and commentary.

Garnaut announcement from You tube.

Australian Clean Tech Index Performance Update

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John O’Brien provides some performance updates to the recently launched Australian Clean Tech Index.

In the report, there is a good explanation of how clean tech sector is different from the traditional Socially Responsible Investments SRI) or Environmental, Social and Governance (ESG) performance.

SRI and ESG look at incremental improvements in company performance and can be seen as ‘operational hygiene measures that find the best in class. Cleantech focuses on companies whose output positively enhances the communities and ecologies in which they reside. It is about doing more good rather than less bad . With over 70 companies falling under the coverage of the Index and with a combined market capitalisation of over $15Bn, the ACT Australian CleanTech Index presents for the first time a picture of the Australian cleantech industry s growth in a single measure.

Comparative Performance of the Index:

Percentage Change
FY06 FY07
 JUN’08
 YTD CY08
 FY08
ACT Australian Clean Tec Index
 93.3% 42.9% -1.8% -10.9% -16%
S&P/ASX 200
 17.2% 25.4% -8.3% -17.4% -16.4%
S&P ASX All Ord 19.6% 40.4% -12% -20.6% -23%

For a good explanation, sub-sectors, charts of performance and other information download the performance report provided by Australian Cleantech.

RepuTex announces Australia’s best low carbon companies

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In the eve of the draft climate change report from Ross Garnaut , Reputex, a ratings and research firm released the best low-carbon companies in the ASX 300.

Yesterday, in view of the BCA release of passing on costs due to carbon to consumers, I commented that

“This will surely happen but for businesses which will start implementing carbon reduction programs from now on will have a competitive advantage to hold or reduce their prices. This is an opportunity for forward thinking businesses. Did you start talking to a carbon consultant ?”

Reputex says:

Regardless of the shape and scope of a local scheme, at the end of the day it s a simple equation, companies with lower emissions will be better positioned. These companies will better insulated from any carbon tax, and better positioned to benefit from constraints oncompetitors. Other stocks will simply be playing catch up , he said.

Babcock and Brown Wind is leading in Australia especially since it is “able to generate electricity with 97% less emissions than its sector peers. When this is translated into life under an emissions trading scheme it will represent a considerable competitive advantage.”

Excerpt:

Sector
 Best in Class
Consumer Discretionary News Corp
Financials Westpac
Materials Sims Group
Telecom Telstra

It is worth checking out the Reputex list (Download – Reputex Australia Low Carbon Companies).