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Airlines 'made billions in windfall profits' from EU carbon tax

2013-01-24 10:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Airlines made windfall profits of up to 1.2bn ($1.81bn) last year from a EU carbon tax they claimed would impose crippling costs on industry, according to a report into the measure's impact on the industry. The EU backed off on plans to charge airlines for their carbon pollution after ferocious opposition from American, Chinese, Russian and other airlines, which argued the charge would cost the industry billions. Congress passed a law last November shielding US carriers from paying the tax....

Tags: made tax carbon profits

US urged to capitalise on hundreds of billions in renewable energy investment

2013-01-18 12:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The United States government has been urged to provide greater policy stability for the renewables market, after a new report found global clean energy investment could total $1.9tr (1.2tr) between 2012 and 2018. The Pew Charitable Trusts published research on Thursday predicting revenue from the installation of renewable energy technologies, including wind and solar projects, would grow at a compound annual rate of eight per cent from $200bn in 2012 to $327bn by 2018, delivering cumulative revenue...

Tags: energy investment hundreds urged

Cheap iPhone to Earn Billions; Sprint Gets Win Phone 8; Pebble Smartwatch Ships Soon

2013-01-10 17:37:48| PC Magazine Notebooks Product Guide

Topping tech headlines Wednesday, analyst Gene Munster expects a cheaper off-contract iPhone to cost close to $199 and earn Apple $6.5 billion this year, Sprint announced that it will begin selling Windows Phone 8 devices, and the Pebble Smartwatch will finally begin shipping later this month.

Tags: phone soon win ships