Showing posts with label financial. Show all posts
Showing posts with label financial. Show all posts

Video - Superstorm Sandy Costs Tens of Billions More than Original Estimates



Less than one month before the one-year anniversary of Superstorm Sandy many New Jersey residents, businesses and communities have learned that the costs of Sandy are much higher than the tens of billions originally estimated. Monday, US Strong will release a new report, Extreme Weather, Extreme Costs: The True Financial Impact of Superstorm Sandy on New Jersey Homeowners, Businesses and Municipalities, that helps clarify just how high that cost is. The report details the true financial costs of Sandy to homeowners, businesses and communities—and includes stories and interviews with impacted individuals.

Click here to see the report.

Superstorm Sandy slammed into North America in late October 2012 and approximately one year later Superstorm Haiyan, perhaps the strongest storm ever to make landfall, struck Asia. People are asking questions about extreme weather and the relationship to climate change. Fueled by warmer seas caused by global warming these destructive weather anomalies are certain to increase as the world gets warmer.

We know for sure that extreme weather comes with extreme cost and according to Nasa scientists the situation will get worse as the planet warms.

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Video - Cost of Extreme Weather in September 2013 in the US and Around the World



Almost two months before Super-typhoon Haiyan struck the Philipines, WeatherNationTV Chief Meteorologist Paul Douglas goes over the cost of severe weather. As reviewed in the video, billion of dollars of damage was caused by flooding in China, Russia, the Philippines, and Pakistan. Extreme winter conditions were reported in South America as well as drought and hail which damaged crops in the US.

Superstorm Sandy slammed into North America in late October 2012 and approximately one year later Superstorm Haiyan, perhaps the strongest storm ever to make landfall, struck Asia. People are asking questions about extreme weather and the relationship to climate change. Fueled by warmer seas caused by global warming these destructive weather anomalies are certain to increase as the world gets warmer.

We know for sure that extreme weather comes with extreme cost and according to Nasa scientists the situation will get worse as the planet warms.

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Typhoon Haiyan and Climate Change
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Unprecedented Heavy Rains in Japan and Climate Change Impacts in the Summer of 2013

Webinar - Financing Energy Efficiency Overcoming Obstacles to Investments

Financing Energy Efficiency: Overcoming Obstacles to Energy Efficiency Investments is an on demand webinar (see link below). Even as investments in energy efficiency are widely perceived as less risky than core business investments, there still remains an investment gap for energy efficiency. Join the CFO and Energy Analyst for 5TWENTY as they discuss the importance of energy efficiency for business and how we can close the investment gap to realize more impressive profit margins.

In this webinar, you will find:

•The current landscape of energy efficiency investments in the corporate world •Obstacles to investments in energy efficiency

•Tools and tactics to overcome those obstacles and leverage energy efficiency to boost profits

Click here to access this on demand webinar.

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Event - Rutgers University Course: Environmental Funding

On January 30th 2013, Rutgers University is offering a one day seminar course on Environmental Funding. The seminar will take place from  9 a.m. - 4:30 p.m. This one-day seminar will introduce strategies to fund environmental remediation, economic development and renewable energy projects. Participants will have ample opportunity to present specific concerns to speakers throughout the day.

Funding opportunity mechanisms to be discussed include: 
  • State and federal grants
  • Private financing resources
  • PILOTs
  • Incentives for solar projects.
Seminar Topics: 
  • Financing Deals: Public-Private Partnerships The State of Environmental Lending
  • In-Kind Services
  • Federal Funds for Economic Development
  • Federal Interagency Cooperation
  • NJ Environmental Infrastructure Trust
  • UST Petroleum Closure
  • Upgrade and Remediation Fund
  • Hazardous Discharge Site Remediation Fund
  • Remediation Trusts
  • NJEDA Financing Programs
  • Brownfield Coalition
The Course Code is EN0502CA13

For more information click here.

President Obama's 2013 Budget Seeks to Increase EV Tax Credits

President Obama's proposed budget seeks to increase tax credits for electric vehicles (EVs). According to the President's proposed budget, EV incentives would increase from $7,500 to $10,000 beginning in fiscal 2013.

The idea behind the tax credit program is to increase sales of EVs which are not selling as well as many had hoped. To attain the President's goal of a half million EVs on the road by 2015, the Verge reports that sales of plug-in vehicles will need to grow by 143 percent each year in order for the President to reach his goal of a million EVs on the road by 2015.

Americans are still not habituated to the idea of EVs. One factor inhibiting the growth of EV sales in the US is the relatively high sticker price. The Tesla Model S sells for $57,400 and the Fisker Karma sells for a whopping $102,000. Even the more affordable Nissan Leaf sells for $35,000.

Governments have an important role to play fostering the adoption of electric vehicles. Even though ten thousand dollars is a sizable tax credit, EV prices may have to be lower still to make these vehicles affordable for the average American.

It may be hard to gain desirable penetration rates for EVs until they have a lower price point and that can only be achieved through mass production. To help the sector to grow and achieve economies of scale, governments may have to fill the void until market demand can drive mass manufacturing.

For a summary of the enviromentally oriented elements within President Obama's 2013 Budget click here.

© 2012, Richard Matthews. All rights reserved.

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