(ClimateRadar.com) US President hopeful Barack Obama said that he would spend $150 billion over 10 years on a push to develop new renewable fuel and clean coal technology. His aggressive strategy would require an 80% greenhouse gases reduction and require those who pollute to pay for that right on a per-ton of carbon basis. Those carbon credits would be auctioned off.

www.barackobama.com 

(ClimateRadar.com) Recent national surveys demonstrate that Americans are increasingly convinced that global warming is occurring (in this survey, 68% are “completely” or “mostly convinced”) and favor a wide range of national and international policies to slow it.

http://environment.yale.edu/news/5323/

(ClimateRadar.com) According to a Globe and Mail article, the Great Lakes, the larget body of fresh water on earth, is shrinking at an alarming rate. Global warming seems to be the culprit.

http://www.theglobeandmail.com/servlet/story/LAC.20070924.LAKES24/TPStory/TPNational/Ontario/

(ClimateRadar.com) According to the International Civil Aviation Organisation (ICAO), Total world airline scheduled passenger traffic in terms of passenger-kilometres is expected to grow at an average annual rate of 4.6 per cent up to the year 2025, half a percentage point lower than the growth rate achieved over the period 1985-2005, according to forecasts prepared by the International Civil Aviation Organization. Total freight traffic growth over the same period is forecast to be stronger, at 6.6 per cent per annum in terms of freight tonne-kilometres.

http://www.icao.int/icao/en/nr/2007/pio200708_e.pdf

(ClimateRadar.com) Once again George Bush will sidestep the UN conference on climate change this week, and will only attend the gala dinner. This is in light of the ‘other climate change summit’ that he is organising on Thursday at the White House. Although it reflects an effort to acknowledge climate change, many see this as a PR exercise with very little substance to come out of this conference. For more >>> http://www.iht.com/articles/2007/09/23/america/climate.php

(ClimateRadar.com) A broad coalition of investors, state officials with regulatory and fiscal management responsibilities, and environmental groups today filed a landmark petition asking the Securities and Exchange Commission (SEC) to require publicly-traded companies to assess and fully disclose their financial risks from climate change. The 22 petitioners include leading institutional investors in the U.S. and Europe managing more than $1.5 trillion in assets.

http://www.ceres.org/pub/docs/Full%20Petition.pdf

(ClimateRadar.com) Day4Energy, a Vancouver-based company has secured $17m to expand its production of solar panels. Day4 Energy has developed new PV technology that will significantly reduce the cost of PV to the end-user, making future technology a reality.

www.day4energy.com

(ClimateRadar.com) South Korean giant, LG, is planning to start a solar subsidsiary called LG Solar. It will invest $2m to start, with at further $5m to operate. “LG Corp. has made a decision to advance into the green and renewable energy sector, which has high growth potential, though detailed plans are not yet decided,” said Yoo Won, LG Corp.’s executive director.

www.lge.com

(ClimateRadar.com) According to SolarBuzz, the Japanese electronics giant, Sanyo, has agreed to cooperate in the financing and manufacturing of solar panels worth €20M/year with German based Wattner AG.

http://www.solarbuzz.com/news/NewsEUCO442.htm

(ClimateRadar.com) On September 28th, Schroders, a global asset managment company, will launch a global climate change fund. It will be managed by Simon Webber and Matthew Franklin, who already run a similar climate change fund for Asian investors. Although not launched, you can check this webcast about the reasons driving the fund.

http://mediazone.brighttalk.com/comm/Schroders/07b70c5534-3620-681-3231