[CAnet - news] Canadian Prime Minister creates carbon trading minister position
"Bill St. Arnaud" <[email protected]> Fri, 16 Jan 2009 11:17:53 -0500
| Newsgroups | gmane.culture.publications.news |
|---|---|
| Organization | CANARIE Inc |
| Message-ID | <[email protected]> |
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For more information on this item please visit my blog at
http://green-broadband.blogspot.com/ or http://billstarnaud.blogspot.com
-------------------------------------------
[This is important news for the ICT industry and academia. Although most
people associate carbon trading with big power plants etc, the ICT
technologies may be in the single most important tool to reduce carbon
emissions, by as much as 15-20%. With proper baseline emissions
measurements, accounting and auditing (ISO 14064) these abatement techniques
can be sold as carbon offsets. More importantly ICT companies and network
operators can trade these offsets with their customers for new "green"
products and services ("gCommerce") which creates a virtuous circle in
carbon abatement. The market potential in the US for such gCommerce
transactions could be $20 billion per year with carbon trading at $20 per
ton and as much as $100 billion per year if carbon trades at $100 per ton
(which is the number Stern report recommends if we are going to slow down
climate change). For more details on the economic and business benefits of
cap and trade to the ICT industry please see
http://green-broadband.blogspot.com/-BSA]
Canadian PM creates carbon trading minister position
Published: 15 Jan 2009 21:51 CET Last updated: 15 Jan 2009 21:59 CET
Canada's prime minister has appointed an official to oversee North American
carbon trading.
Bob Hamilton, formerly associate secretary of the Treasury Board, will
become associate deputy minister of the environment, a newly created
position.
His responsibilities will be to develop a continental North American carbon
emissions trading scheme with the new US administration, said a source
familiar with the matter.
Prime Minister Stephen Harper's appointment of a minister that deals
specifically with carbon trading demonstrates how serious the government is
about going forward with a continental scheme with the US, said the source.
Some observers think the Canadian federal government has abandoned its own
plans for a domestic carbon trading scheme in favour of developing a joint
emissions trading programme with the US.
President-elect Barack Obama is scheduled to meet Harper soon after his
inauguration. The heads of state are expected to discuss a North American
cap-and-trade scheme among several other issues.
Obama has said he is committed to creating an economy-wide, mandatory
cap-and-trade programme to help reduce US greenhouse gas emissions by 80 per
cent below 1990 levels by 2050.
Financial experience
The source added that the appointment of a finance specialist within the
Environment Ministry is unprecendented.
He said this move could have been in response to criticism that environment
ministers have previously been appointed without much financial experience.
Hamilton was associate secretary of the Treasury Board since August 2008.
Before that he was a senior assistant deputy minister in the tax policy
branch of the Department of Finance between 2003 and 2005.
------
[email protected]
[email protected]
http://billstarnaud.blogspot.com/
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<div class=3DSection1>
<p class=3DMsoPlainText>For more information on this item please visit =
my blog at
<o:p></o:p></p>
<p class=3DMsoPlainText><a =
href=3D"http://green-broadband.blogspot.com/">http://green-broadband.blog=
spot.com/</a>
or <a =
href=3D"http://billstarnaud.blogspot.com">http://billstarnaud.blogspot.co=
m</a><o:p></o:p></p>
<p =
class=3DMsoPlainText>-------------------------------------------<o:p></o:=
p></p>
<p class=3DMsoPlainText> <o:p></o:p></p>
<p class=3DMsoPlainText><span =
style=3D'font-size:11.0pt'><o:p> </o:p></span></p>
<h1><span lang=3DEN-CA style=3D'font-size:11.0pt;font-family:"Courier =
New";
color:black'>[This is important news for the ICT industry and academia. =
Although
most people associate carbon trading with big power plants etc, the ICT =
technologies
may be in the single most important tool to reduce carbon emissions, by =
as much
as 15-20%. With proper baseline emissions measurements, accounting =
and auditing
(ISO 14064) these abatement techniques can be sold as carbon offsets. =
More
importantly ICT companies and network operators can trade these offsets =
with
their customers for new “green” products and services =
(“gCommerce”)
which creates a virtuous circle in carbon abatement. The market =
potential
in the US for such gCommerce transactions could be $20 billion per year =
with
carbon trading at $20 per ton and as much as $100 billion per year if =
carbon
trades at $100 per ton (which is the number Stern report recommends if =
we are
going to slow down climate change). For more details on the economic and
business benefits of cap and trade to the ICT industry please see =
</span><span
style=3D'font-size:11.0pt'><a =
href=3D"http://green-broadband.blogspot.com/">http://green-broadband.blog=
spot.com/</a></span><span
lang=3DEN-CA style=3D'font-size:11.0pt;font-family:"Courier =
New";color:black'>—BSA]<o:p></o:p></span></h1>
<h1><span lang=3DEN-CA style=3D'font-size:11.0pt;font-family:"Courier =
New";
color:black'>Canadian PM creates carbon trading minister =
position<o:p></o:p></span></h1>
<p class=3DMsoNormal><span lang=3DEN-CA style=3D'font-family:"Courier =
New";
color:black'>Published: 15 Jan 2009 21:51 CET Last updated: 15 Jan 2009 =
21:59
CET <o:p></o:p></span></p>
<p class=3Darticleabstract><span lang=3DEN-CA =
style=3D'font-size:11.0pt;font-family:
"Courier New";color:black'>Canada’s prime minister has appointed =
an
official to oversee North American carbon trading. =
<o:p></o:p></span></p>
<p class=3DMsoNormal><span lang=3DEN-CA style=3D'font-family:"Courier =
New";
color:black'>Bob Hamilton, formerly associate secretary of the Treasury
Board, will become associate deputy minister of the environment, a =
newly
created position.<br>
<br>
His responsibilities will be to develop a continental North American =
carbon
emissions trading scheme with the new US administration, said a source =
familiar
with the matter. <br>
<br>
Prime Minister Stephen Harper’s appointment of a minister that =
deals
specifically with carbon trading demonstrates how serious the =
government
is about going forward with a continental scheme with the US, said the =
source. <br>
<br>
Some observers think the Canadian federal government has abandoned its =
own
plans for a domestic carbon trading scheme in favour of developing a =
joint
emissions trading programme with the US. <br>
<br>
President-elect Barack Obama is scheduled to meet Harper soon after his
inauguration. The heads of state are expected to discuss a North =
American
cap-and-trade scheme among several other issues. <br>
<br>
Obama has said he is committed to creating an economy-wide, mandatory
cap-and-trade programme to help reduce US greenhouse gas emissions =
by 80
per cent below 1990 levels by 2050. <br>
<br>
<strong><span style=3D'font-family:"Courier New"'>Financial =
experience</span></strong><b><br>
</b><br>
The source added that the appointment of a finance specialist =
within the
Environment Ministry is unprecendented. <br>
<br>
He said this move could have been in response to criticism that =
environment
ministers have previously been appointed without much financial
experience. <br>
<br>
Hamilton was associate secretary of the Treasury Board since August =
2008.
Before that he was a senior assistant deputy minister in the tax policy =
branch
of the Department of Finance between 2003 and 2005. <br>
<br>
<br>
</span><o:p></o:p></p>
<p class=3DMsoNormal><o:p> </o:p></p>
<p class=3DMsoNormal>------<o:p></o:p></p>
<p class=3DMsoNormal>[email protected]<o:p></o:p></p>
<p class=3DMsoNormal>[email protected]<o:p></o:p></p>
<p class=3DMsoNormal>http://billstarnaud.blogspot.com/<o:p></o:p></p>
<p class=3DMsoNormal><o:p> </o:p></p>
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