Resource economics

New CER report shows that policy and technology change will be key drivers of Canada's energy transition

Tuesday, November 24, 2020 - 3:56pm

Canada's Energy Future 2020: Energy Supply and Demand Projections to 2050 explores how new technologies and climate policy will impact Canadian energy consumption and production trends over the next 30 years.

Key Points: 
  • Canada's Energy Future 2020: Energy Supply and Demand Projections to 2050 explores how new technologies and climate policy will impact Canadian energy consumption and production trends over the next 30 years.
  • The outlook considers two scenarios with different rates of technological and government policy change: the Evolving Energy System Scenario and the Reference Energy System Scenario.
  • Canada's Energy Future series provides Canadians with a key reference point for discussing our country's energy future and identifies key drivers of change that will impact Canada's energy transition."
  • "Canada's Energy Future 2020 marks an important inflection point, as Canada's energy system is being shaped by COVID19 and ongoing innovations in energy technology and climate policy.

Interview with Börsen-Zeitung

Sunday, November 22, 2020 - 12:03am

INTERVIEWInterview with Börsen-ZeitungInterview with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Kai Johannsen and published on 21 November 2020 The EU Treaties require the ECB to give primacy to the objective of price stability.

Key Points: 


INTERVIEW

Interview with Börsen-Zeitung

    Interview with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Kai Johannsen and published on 21 November 2020

      • The EU Treaties require the ECB to give primacy to the objective of price stability.
      • One of these objectives is to work towards a high level of protection and improvement of the quality of the environment.
      • What are the risks facing green and sustainable finance over the coming years?
      • I would see it as a risk if green finance degenerated into a pure marketing tool.
      • If investors want to make the world a greener place, they need to know how their investments contribute to more sustainability.
      • Only once these prerequisites are met can sustainable finance prosper and have a tangible impact on the real economy.
      • Otherwise there remains a risk of greenwashing and of an unsustainable green bubble detached from fundamental data.
      • Its application to other financial products may not be as straightforward and the overall design might need to be adjusted.
      • If we address these shortcomings, the EU can set an example for the parallel processes now under way in other countries.
      • We are now transitioning towards green and sustainable capital markets: what specific transition risks do you see in this phase?
      • It remains a problem that markets may not yet be able to correctly assess the fundamentals of green financial products.
      • Therefore, providers should present metrics and ratings in a transparent way so that investors can understand them.
      • Does the ECB deploy green and sustainable investments in its fund management of pension funds, say?
      • The management has undertaken to adhere to the United Nations Principles for Responsible Investment and thus to include sustainability standards.

    Interview with Börsen-Zeitung

    Saturday, November 21, 2020 - 4:00pm

    INTERVIEWInterview with Börsen-ZeitungInterview with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Kai Johannsen and published on 21 November 2020 The EU Treaties require the ECB to give primacy to the objective of price stability.

    Key Points: 


    INTERVIEW

    Interview with Börsen-Zeitung

      Interview with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Kai Johannsen and published on 21 November 2020

        • The EU Treaties require the ECB to give primacy to the objective of price stability.
        • One of these objectives is to work towards a high level of protection and improvement of the quality of the environment.
        • What are the risks facing green and sustainable finance over the coming years?
        • I would see it as a risk if green finance degenerated into a pure marketing tool.
        • If investors want to make the world a greener place, they need to know how their investments contribute to more sustainability.
        • Only once these prerequisites are met can sustainable finance prosper and have a tangible impact on the real economy.
        • Otherwise there remains a risk of greenwashing and of an unsustainable green bubble detached from fundamental data.
        • Its application to other financial products may not be as straightforward and the overall design might need to be adjusted.
        • If we address these shortcomings, the EU can set an example for the parallel processes now under way in other countries.
        • We are now transitioning towards green and sustainable capital markets: what specific transition risks do you see in this phase?
        • It remains a problem that markets may not yet be able to correctly assess the fundamentals of green financial products.
        • Therefore, providers should present metrics and ratings in a transparent way so that investors can understand them.
        • Does the ECB deploy green and sustainable investments in its fund management of pension funds, say?
        • The management has undertaken to adhere to the United Nations Principles for Responsible Investment and thus to include sustainability standards.

      Leading fintech solutions provider Synectics Solutions moves closer to carbon neutral status thanks to investment in solar and renewable energy initiatives

      Saturday, November 21, 2020 - 9:00am

      For fintech companies like Synectics Solutions energy use is the single biggest factor at play in generating these carbon emissions.

      Key Points: 
      • For fintech companies like Synectics Solutions energy use is the single biggest factor at play in generating these carbon emissions.
      • Not content with that Synectics has also recently signed a contract with Energy Carbon Management to help source the remainder of its electricity needs from renewable sources only.
      • James Cunningham, Director at Geo Green Power said, "'Geo Green Power were delighted to work with Synectics Solutions in delivering their solar array.
      • We look forward to advocating and supporting the further reductions to Synectics Solutions carbon footprint."

      Scotia Global Asset Management launches suite of Scotia Low Carbon Funds, announces other ScotiaFunds name changes

      Friday, November 20, 2020 - 2:00pm

      Scotia Low Carbon Canadian Fixed Income Fund is designed to generate regular income and modest capital gains, with lower carbon intensity than its benchmark index.

      Key Points: 
      • Scotia Low Carbon Canadian Fixed Income Fund is designed to generate regular income and modest capital gains, with lower carbon intensity than its benchmark index.
      • Scotia Low Carbon Global Balanced Fund is designed to generate income and long-term capital growth, with lower carbon intensity than its benchmark indices.
      • Scotia Low Carbon Global Equity Fund is designed to provide long-term capital growth, with lower carbon intensity than its benchmark index.
      • Scotia Global Asset Management also announced name changes to a number of ScotiaFunds, which were effective November 6, 2020.

      Amazon and Global Optimism Welcome Henkel and Signify to The Climate Pledge

      Wednesday, November 18, 2020 - 8:01am

      Today, Amazon (NASDAQ: AMZN) and Global Optimism announced that Henkel has joined The Climate Pledge , a commitment to be net-zero carbon by 2040a decade ahead of the Paris Agreements goal of 2050.

      Key Points: 
      • Today, Amazon (NASDAQ: AMZN) and Global Optimism announced that Henkel has joined The Climate Pledge , a commitment to be net-zero carbon by 2040a decade ahead of the Paris Agreements goal of 2050.
      • Signify, which already achieved carbon neutrality earlier this year, is also joining The Climate Pledge to collaborate with other signatories and share best practices.
      • Together with Amazon, Global Optimism, and the other signatories, we are committed to drive tangible progress and jointly take action to limit global warming.
      • Last year, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040.

      PortAventura World announces that the entire resort is carbon-neutral

      Thursday, November 12, 2020 - 8:41pm

      With this new step, the company will offset 100% of the direct emissions generated as a result of its activities to become the first carbon-neutral themed resort.

      Key Points: 
      • With this new step, the company will offset 100% of the direct emissions generated as a result of its activities to become the first carbon-neutral themed resort.
      • In 2019, 100% of the electricity consumed in the resort came exclusively from renewable energy sources without CO2 emissions.
      • Along the same lines of mitigating climate change and decarbonising the energy model, PortAventura World will put into operation in 2021 a photovoltaic plant that will provide the resort with clean and renewable energy.
      • PortAventura World is in the middle of its 2019-2021 strategic sustainability plan.

      PyroGenesis Provides Update on its Iron Ore Pelletization Torch Business

      Thursday, November 12, 2020 - 8:14pm

      RISE was engaged in addressing the Swedish governments commitment to zero carbon emissions1; namely that within the iron ore pelletization industry.

      Key Points: 
      • RISE was engaged in addressing the Swedish governments commitment to zero carbon emissions1; namely that within the iron ore pelletization industry.
      • Of note, PyroGenesis has a patented process to replace fossil fuel burners with PyroGenesis clean burning plasma torches, thereby reducing GHG emissions, for the iron ore pelletization industry.
      • So, PyroGenesis has the patent to replace fossil fuel burners with plasma torches in the iron ore pelletization industry?
      • In other industries, we expect to leverage off of our first mover advantage developed in the iron ore pelletization industry.

      Hydrogen Production to Double by 2030 as the World Advances towards a Sustainable Energy Economy

      Tuesday, November 10, 2020 - 1:07pm

      Countries across the world have started to consider a hydrogen-based economy as the answer to the growing concerns over increasing carbon emissions, energy security, and climate change.

      Key Points: 
      • Countries across the world have started to consider a hydrogen-based economy as the answer to the growing concerns over increasing carbon emissions, energy security, and climate change.
      • Global hydrogen production is forecast to more than double, reaching 168 million tons by 2030 from 71 million tons in 2020, with revenue expected to reach $420 billion in 2030 from $177.3 billion in 2020.
      • A roadmap towards a hydrogen economy needs to be developed, which addresses the socio-economic barriers inhibiting the growth of the technology and mandating policies towards decarbonization."
      • Manohar added: "While the cost of establishing a hydrogen economy will be high, the promises associated with hydrogen - as an important tool in catalyzing the transition towards sustainable energy economy- are huge.

      Hydrogen Production to Double by 2030 as the World Advances towards a Sustainable Energy Economy

      Tuesday, November 10, 2020 - 1:07pm

      Countries across the world have started to consider a hydrogen-based economy as the answer to the growing concerns over increasing carbon emissions, energy security, and climate change.

      Key Points: 
      • Countries across the world have started to consider a hydrogen-based economy as the answer to the growing concerns over increasing carbon emissions, energy security, and climate change.
      • Global hydrogen production is forecast to more than double, reaching 168 million tons by 2030 from 71 million tons in 2020, with revenue expected to reach $420 billion in 2030 from $177.3 billion in 2020.
      • A roadmap towards a hydrogen economy needs to be developed, which addresses the socio-economic barriers inhibiting the growth of the technology and mandating policies towards decarbonization."
      • Manohar added: "While the cost of establishing a hydrogen economy will be high, the promises associated with hydrogen - as an important tool in catalyzing the transition towards sustainable energy economy- are huge.