A comprehensive environmental assessment of the Plateau of Tibet by Chinese Academy of Sciences (CAS) and the Government of Tibet has found that the region is getting hotter, wetter and more polluted, threatening the fragile ecosystems and those relying on its watersheds (see map).
Coal-fired power plants are the largest contributors to the atmospheric CO2 concentrations, which last year reached 400 parts per million (ppm) for the first time in human history — up from 280 ppm in pre-industrial times.
The Secretary General of the United Nations has called for a Climate Summit in New York on September 23 to obtain renewed national commitments on fighting climate change. This Summit follows the recently concluded disappointing meeting in Apia, Samoa concerning small states response to the lack of action on climate change. And of course the Summit is to prepare and create the momentum leading up to the November 2015 Paris conference where a new international climate agreement is scheduled to be concluded. What are the prospects?
A recent study in the American Economic Review by Fabra and Reguant looks at the pass through of emissions costs to electricity consumers. Emission costs can be in many different forms but are typified by a carbon emissions tax on a coal generation facility. But will these costs be transmitted through to electricity consumers?
The RealReturnEnvironment (RRE) portfolio has held up surprisingly well during the current market correction when most major indices have been trending lower. The RRE portfolio is 24.8% since its inception in December 2013, most recently helped by the successful Apple product launches of iPhone 6 and iPhone 6+.The weak performance of General Electric continues despite offloading of its household appliance division for $ 3 billion and Pacific Basin Shipping stock remains very depressed, perhaps in line with the lack of trade recovery in Asia.
Markets have seemingly stabilized despite the geopolitical concerns, notably in the Ukraine. The RealReturnEnvironment (RRE) portfolio is this week up 30.5% since the RRE portfolio was initiated in December 2013 (see below). With General Electric now marginally in the black, the only loser in the RRE portfolio is Pacific Basin Shipping Ltd, now down 13.3%.
Finally the Pacific Basin Shipping stock finally came into the black and even General Electric, the other laggard also moved into positive territory. As a result the RealReturnEnvironment portfolio is now up nearly 28% since its inception in December 2013.
Real Return Environment is intended to serve the needs of students, researchers and investors by providing topical articles, country data, literature references and investment insights on topics such as primary energy use.
"Real Return Environment is intended to serve the needs of students, researchers and investors by providing topical articles, country data, literature references and investment insights on topics such as primary energy use."