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SAN FRANCISCO, June 30 (Reuters) - Venture capital investment in green technology worldwide jumped 43 percent in three months to $1.2 billion in the second quarter, Greentech reported on Tuesday.

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| Sourced From Bworldonline.com |

LOCAL FIRMS should continue to invest in eco-friendly projects that can earn tradeable carbon credits as prices for these are likely to rise and foreign buyers are especially keen to source from the Philippines, experts said at a forum on Friday.

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| Sourced From Telephonyonline.com |

Telecom and IT companies are well-positioned to tap the potentially $700-billion market for lowering carbon dioxide emissions, according to Bill St. Arnaud, chief research officer at CANARIE, the Canadian research house.

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| Sourced From Bizjournals.com |

Competition is heating up in the carbon accounting software market.
Interest among investors and customers about global warming is pushing companies to take action to monitor energy use and emissions. And that has catalyzed a cluster of Bay Area companies, ranging from startups with A-list management teams to offshoots of enterprise software giants like Oracle Corp., to help companies track and manage their emissions and energy use.

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| Sourced From Forbes.com |

JIUTEPEC, Mexico — Mexico said Tuesday it is open to including a link to the existing carbon-credit market in the framework of a new global “green” financing fund that is gaining traction as a response to climate change.

The proposal for the new $10 billion fund could partly displace the largely private carbon-credit market, but officials suggested the credits could be used within the intergovernmental fund.

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| Sourced From Domain-b.com |

Cathay Pacific Airways and sister airline Dragonair today announced the purchase of 20,000 tonnes of carbon emissions reductions from offset retailer J P Morgan Climate Care.

The offstes are for Cathay’s FLY greener offset programme.

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| Sourced From Physorg.com |

The increase in CO2 levels in the atmosphere due to human activities is partly responsible for global warming. By absorbing almost 15% of anthropogenic carbon released every year, the Southern Ocean is one of the main sinks for atmospheric CO2. But its effectiveness is decreasing, even as the level of atmospheric carbon jas continued to increase over the last few years. Until now, the saturation of the carbon sink in the Southern Ocean has not been correctly simulated by the climate models used.

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| Sourced From En.cop15.dk |

The industrialized countries’ pledges to limit their greenhouse gas emissions by 2020 are far from the cuts recommended by experts to avoid global warming.

In the run-up to a new UN climate pact due to be agreed in Copenhagen in December, the industrialized countries – viewed as a whole – have now promised cuts in their emissions of greenhouse gases between 10 and 14 percent below 1990 levels, Reuters calculations show.

“These are very weak targets overall,” says Knut Alfsen, Research Director of the Center for International Climate and Environmental Research in Oslo, according to Reuters.

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| Sourced From Bizcommunity.com |

With the help of Envirotrade, a company helping rural African communities generate carbon credits, Africa will be able to earn billions of dollars that developed countries have been collecting for years. As the continent contributing the least to climate change yet suffering the majority of its effects, Envirotrade aims to gain the finances the continent is due.

Generating carbon credits through changes in the ways African farmers use their land, Envirotrade is assisting in the sale of those credits in global carbon markets. Carbon credits are sold to companies and individuals seeking to offset their carbon footprints, both nationally and internationally.

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| Sourced From Forbes.com |

MEXICO CITY — Mexican President Felipe Calderon made a push Monday for his proposal for a $10 billion “green fund” as a more efficient way to fight climate change than carbon credits.

Calderon spoke at the opening of the latest session of the Major Economies Forum on Energy and Climate, which brings together representatives of 19 countries and the European Union that together account for 80 percent of the world’s greenhouse gas emissions.

“The current carbon credits would not have to disappear, but they are not an efficient mechanism,” Calderon said, noting that the credits market “has to match an industry that wants to pollute with another” that has projects to compensate or reduce gas emissions.

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| Sourced From Thejakartapost.com |

Currently, climate protection and emissions reduction projects and initiatives have become a global priority. The Clean Development Mechanism (CDM), one of the United Nations Framework Convention on Climate Change (UNFCCC) mechanisms on reducing global emissions, grows significantly on fertile land in developing countries.

By comparison, the number of registered projects in India has increased from 356 per September 2008 to 429 now. Within the same period, 260 registered projects in China have become 574 projects. This puts China’s ranking (now 34.47 percent) in the number of projects raised, from second to first, usurping India (now 25.77 percent).

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* Industrialised nations’ CO2 cuts just 10-14 pct vs 1990

* Russia 2020 goal could add to CO2 pressures

* Not enough to avoid “dangerous” climate change-UN chief

OSLO/LONDON, June 22 (Reuters) - Pledges by industrialised nations to cut greenhouse gas emissions by 2020 fall far short of the deep cuts widely advocated for tackling global warming, experts said on Monday.

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VIENNA (Reuters) - Fears that deep cuts in greenhouse gas emissions will harm the economy are exaggerated but Washington’s ability to cut is limited by political pragmatism, the U.N. climate panel chief said on Monday.

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| Sourced From Industryweek.com |

Options being developed globally include the biochemical conversion of CO2 into algal biofuel, the thermochemical conversion into methanol and the biocatalytic or solar photocatalytic conversion of CO2 to fuels.

Carbon capture and storage (CCS) is being hailed as the answer to the globe’s most pressing question: what to do with the 27 billion metric tons of carbon dioxide emitted yearly from the burning of fossil fuels? Touted as the most promising interim solution to deal with the greenhouse gas responsible for global warming, CCS still remains unproven, costly and will not be commercially available for another 10-20 years. Meanwhile scientists are exploring alternatives to CCS by capitalizing on CO2 as a commodity instead of treating it as a waste.

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