Updates from July, 2012 Toggle Comment Threads | Keyboard Shortcuts

  • Phi Asset Managers 8:10 am on July 23, 2012 Permalink | Reply  

    Monday Moaning 


    Why is it so easy to save the banks – but so hard to save the biosphere?

    Agreements to bail out banks happen in days – but despite some good progress at Durban, we still don’t have a legally binding deal to bail out the planet

    They bailed out the banks in days. But even deciding to bail out the planet is taking decades.

    Nicholas Stern estimated that capping climate change would cost around 1% of global GDP, while sitting back and letting it hit us would cost between 5 and 20%. One per cent of GDP is, at the moment, $630bn. By March 2009, Bloomberg has revealed, the US Federal Reserve had committed $7.77 trillion to the banks. That is just one government’s contribution: yet it amounts to 12 times the annual global climate change bill. Add the bailouts in other countries, and it rises several more times.


    View original post 102 more words

  • Phi Asset Managers 2:49 pm on July 16, 2012 Permalink | Reply  

    Infographic: Visualising The Size Of Australia’s Carbon Derivatives Time Bomb 

    Barnaby Is Right

    On July 1, 2012, the government’s Clean Energy Future scheme will officially begin.

    You know it as the carbon “tax”. It has been called a “tax” over and over and over again, by politicians, economists, bankers, and other vested interests, for a simple reason.

    There are many who want you to think that the scheme to “put a price on carbon” is safe; that the government’s implementation of a “carbon price” is careful, methodical, and prudent.  A “fixed price” on carbon dioxide for 3 years. And only after 3 years, a transition from a fixed price to a “floating price” emissions trading scheme.

    But there is something very important that they are not telling you.

    There is a Ticking Time Bomb Hidden In The Carbon Tax.

    It is called “derivatives”.

    Carefully buried in 1,000+ pages of legislation, just 2 tiny, opaque clauses (109A and 110) have been included…

    View original post 1,233 more words

  • Phi Asset Managers 8:37 am on July 2, 2012 Permalink | Reply
    Tags: , ,   

    Nymex bringing Scum and Bags together 

  • Phi Asset Managers 9:34 am on June 17, 2009 Permalink | Reply  

    Green Markets 

    The green exchange has set launch for late 2009 and early 2010.  These dates reflect changes from initial early 2009 launch.
  • Phi Asset Managers 3:26 pm on April 29, 2009 Permalink | Reply  

    Environmental Markets 

    CFTC has begun a review of Emissions trading.
    • Phi Asset Managers 1:01 pm on May 13, 2009 Permalink | Reply

      CFTC is projecting the carbon/emissions markets to be the largest commodity market ever.

  • Phi Asset Managers 2:26 pm on January 9, 2009 Permalink | Reply  

    Environmental markets 

    The last remaining large investment banks have all joined the Green Exchange.

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