Lots of action from Europe this week:
First up, as Environmental Leader reports, the EU is set to ban inefficient light bulbs. There was plenty of flak thrown around when a California legislator proposed a ban recently. But the momentum is clear, now. European light bulb makers are close to an agreement in principle to work together on phasing out energy-wasting incandescent bulbs for the consumer market. Australia announced it would phase out incandescents and Greenpeace asked India to follow Australiaâ€™s lead.
Meanwhile, EU Leaders have agreed on a goal of 20% Green Power by 2020
On the business side:
Environmental Leader reports on companies measuring the Carbon Footprint of Consumer Products – and Expedia’s Offset Program for Corporate Travelers
Carbon Trade, on the other hand, is skeptical of carbon offset programs. Their new report, “The Carbon Neutral Myth” asserts that “creative accountancy and elaborate shell games cover up the impossibility of verifying genuine climate change benefits,” and argues that
offsets place disproportionate emphasis on individual lifestyles and carbon footprints, distracting attention from the wider, systemic changes.
Meanwhile, more big news from big players. Bank of America wins the big dog award this week, with its $20 billion (with a B) environmental initative. Some will finance greening of their own buildings and operations, but 90% will support
lending, advice and market creation to help commercial clients finance the use and production of new products, services and technologies…. [and] the capability to trade carbon emissions credits.
CNet reports on IBM’s new green business unit, called Big Green Innovations, which
takes aim at everything from creating “carbon dashboards” that help corporations lower their supply chain’s carbon emissions to designing energy-efficient data centers and more powerful solar cells.
All is not rosy in corporate greening land, however, as the FTSE4Good Index announced dropping 17 companies for no longer meeting its standards.
Finally this week, grumblings from another corner as University of California, Berekeley, faculty and students raise concerns about UCB half-billion dollar biofuels deal with BP, including potential impacts on academic freedom, and excessive emphasis genetic engineering and corn-based vs cellulosic ethanol.