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News articles on Green Business

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Mongabay.com news articles on green business in blog format. Updated regularly.

The FSC responds to its critics
(4/7/2008) Last month, Mongabay.com reported on recent and various criticisms of the FSC (the Forest Stewardship Council). The FSC is an international organization that certifies forest products which, according to their standards, have been harvested in an environmentally-sustainable and socially-responsible manner. Response to the article was significant. It was picked up by the Ecological Internet's email campaign and was mentioned on numerous environmental web sites and blogs. At the time of the publication, the FSC had not responded to requests for comments. But in the following interview, FSC International Communications Manager Nina Haase answers each criticism separately and addresses several other issues, such as the FSC and climate change, the organization's monitoring capabilities, and its adaptation to new environmental concerns. Ultimately she responds to the big question raised by critics: is the FSC stamp still credible?


Wal-Mart pushes for greener maufacturing in China
(4/7/2008) Wal-Mart, the world's largest retailer, will hold a meeting of around 1,000 of its Chinese suppliers in an effort to reduce its environmental impact, said Lee Scott, Wal-Mart's CEO, in an interview with the Financial Times.


Investing to save rainforests
(4/2/2008) Last week London-based Canopy Capital, a private equity firm, announced a historic deal to preserve the rainforest of Iwokrama, a 371,000-hectare reserve in the South American country of Guyana. In exchange for funding a "significant" part of Iwokrama's $1.2 million research and conservation program on an ongoing basis, Canopy Capital secured the right to develop value for environmental services provided by the reserve. Essentially the financial firm has bet that the services generated by a living rainforest — including rainfall generation, climate regulation, biodiversity maintenance and carbon storage — will eventually be valuable in international markets. Hylton Murray-Philipson, director of Canopy Capital, says the agreement — which returns 80 percent of the proceeds to the people of Guyana — could set the stage for an era where forest conservation is driven by the pursuit of profit rather than overt altruistic concerns.


Private equity firm buys rights to ecosystem services of Guyana rainforest
(3/27/2008) A private equity firm has purchased the rights to environmental services generated by 371,000 hectare rainforest reserve in Guyana. Terms of the deal were not disclosed, but the agreement is precedent-setting in that a financial firm is betting that the services generated by a living rainforest — including rainfall generation, climate regulation, biodiversity maintenance and water storage — will eventually see compensation in international markets.


Merrill Lynch invests $9M in rainforest conservation, expects profit
(3/12/2008) Merrill Lynch's investment in a rainforest conservation project in the Indonesian province of Aceh is worth $9 million over four years, reports Thomas Wright of The Wall Street Journal.


New review system helps companies adapt to ecosystem degradation
(3/11/2008) A new accountability initiative will help companies factor ecosystem degradation into their business decisions.


Private sector pumping hundreds of billions into cleantech
(2/21/2008) The private sector is "pumping hundreds of billions of dollars" into cleaner and renewable energies, says a new publication released yesterday by the United Nations Environment Programme (UNEP).


Nike to launch "green" eco-shoe
(2/15/2008) When Nike unveils the $185 Air Jordan XX3 this weekend at the NBA All-Star Game festivities this weekend, it will be the culmination of a company-wide effort to reduce the environmental impact of its footwear manufacturing, according to The Wall Street Journal.


REDD will fail if needs of forest communities aren't addressed
(12/7/2007) Initiatives to reduce emissions by reducing tropical deforestation (REDD) will fail unless policymakers adequately address the underlying drivers of forest degradation and destruction, argues a new report published by the Center for International Forestry Research (CIFOR).


Merrill Lynch announces carbon credits-for-forest conservation partnership
(12/6/2007) Merrill Lynch is working with Carbon Conservation, an ecosystem services firms, to explore opportunities in avoided deforestation and integrated sustainable land management. The partnership was announced Thursday in Bali, Indonesia, where more than 10,000 policymakers, scientists, and activists are meeting to discuss a post-Kyoto framework on limiting climate change.


Google aims to make renewable energy sources cheaper than coal
(11/28/2007) Tuesday Google announced an initiative to develop electricity from renewable energy sources that will be cheaper than electricity produced from coal.


Video game-makers score low on sustainability
(11/27/2007) While environmentalists, scientists, development exports, and policymakers across the political spectrum are ethusiastic about the idea of offsetting carbon emissions by preventing deforestation (a concept known as "avoided deforestation" or Reduced Emissions from Deforestation and Degradation (REDD)), the concept still faces many challenges, especially in implementation.


Subway sandwiches launches first fast-food recycling program
(11/21/2007) Sandwich chain Subway is implementing a recycling program, switching from conventional napkins, cutlery and plastic cups, and reducing gasoline use in an effort to minimize its impact on the environment, according to a report published in The Wall Street Journal.


Governors announce energy efficiency push for computing
(11/7/2007) The National Governors Association (NGA) today announced an innovative clean energy partnership between the NGA Chair's Initiative Securing a Clean Energy Future (SCEF) and the Climate Savers Computing Initiative (CSCI), founded by Google and Intel, to spur deployment of more energy efficient computers and servers in state offices and agencies.


IBM finds recycling can cut solar cell manufacturing costs
(10/30/2007) IBM today announced a silicon wafer recycling system that could help ease the refined silicon shortage that has driven up production costs of solar energy panels.


World's first sustainable tuna fishery certified
(9/9/2007) The world's first certified sustainable tuna fishery was announced today, a move that could help save one of the world's most valuable fish -- and the fishing industry that relies on it -- from extinction.


Big companies push energy efficiency
(9/5/2007) Some of the world's largest companies are pushing green initiatives to improve energy efficiency in office buildings reports the Wall Street Journal.


Business has to lead the Clean Up of the Enviroment
(8/30/2007) Though the next two and-a-bit years will remain in a sort of ecological standstill, the remaining century is going to be the boiling point for earth. Will it crumble in to a roiling mass of disaster or will we finally manage to remove such a deep imprint as we have made over the past 30 years in the next 10.


Guidelines to ensure biofuels production won't hurt the environment
(8/30/2007) Environmentalists have long seen biofuels as a means to improve the sustainability of transportation and energy use since they are a renewable source of energy that can be replenished on an ongoing basis. Further, because biofuels are generally derived from plants, which absorb carbon from the atmosphere as they grow, biofuel production offers the potential to help offset carbon dioxide emissions and mitigate climate change. Nonetheless, in recent years, there has been considerable backlash against biofuels, which are increasingly viewed as a threat to the environment. Green groups now point to large-scale land conversion for energy crops, higher food prices, and a spate to studies that suggest net emissions from corn ethanol are little better than those from fossil fuels, to caution that biofuels can cause more problems than they address.


UPS finds environment a top concern among customers, pushes paperless billing
(8/28/2007) UPS recently surveyed its customers to find out what would make them change billing methods to paperless PDF invoices. Surprisingly, the shipping giant found the primary motivating factor -- cited by 40 percent of those polled -- was concern for the environment.


Wall Street looks at energy efficiency to boost profits
(8/27/2007) Today the Wall Street Journal featured a special section on energy efficiency. The paper reports that business is increasingly looking at reducing energy use as a way to improve the bottom line.


Sony launches consumer electronics recycling program
(8/17/2007) Sony has launched a recycling program for consumer electronics.


Apple comes up a bit short on eco-credentials of new iMac
(8/10/2007) While Apple has touted the environmental attributes of its newest iMac, critics say the new computer failed to live up to the company's goals for the use of mercury, reports the San Jose Mercury. In May, Apple said it would eventually replace mercury-containing fluorescent backlights in its LCD monitors with LEDs backlights, but the new computers don't use the new technology. The company said it still face technological hurdles in rolling out the new LCDs.


Wal-Mart demand drives "greener" shrimp farms
(7/24/2007) Wal-Mart's demand for sustainably-produced products is driving "greener" production of shrimp in Thailand, reports the Wall Street Journal (WSJ).


Cosmetics retailer announces sustainable palm oil initiative
(7/12/2007) The Body Shop International today introduced a sustainable palm oil initiative, the first for the beauty industry. The company said the move was spurred by growing concerns over the impact of oil palm plantations on biodiversity.


Ford Motor to introduce plug-in hybrids, but lags behind rivals
(7/10/2007) Monday Ford Motor Co. announced a partnership with utility Southern California Edison to test a fleet of plug-in hybrid (PHEV) vehicles in an effort to make the technology more accessible to consumers, reduce petroleum-related emissions and improve the cost-effectiveness of the nation's electricity grid.


McDonald's bolsters eco credentials with recycled biodiesel
(7/9/2007) McDonald's Corp. (Public, NYSE:MCD), the fast-food chain, has bolstered its 'green' credentials by announcing that its UK distribution fleet will be powered by biodiesel made of recycled cooking oil from its restaurants. While the move is expected to save only around 1,675 tons of carbon annually, environmentalists say it sets an important precedent for the parent company and the fast-food industry as a whole.


Inflatable concentrators may cut cost of solar below conventional power plants
(7/8/2007) Cool Earth Solar, a Livermore, California-based company developing an innovative way for capturing solar energy, has merged with Radiant Energy, a developer and owner of renewable and clean energy power plants including solar, geothermal, and hydroelectric. Rob Lamkin, CEO of Radiant Energy, says the merger will help ramp up the technology, which uses inflatable solar concentrators to minimize use of refined silicon, a costly ingredient in solar cells. Lamkin says the technology could dramatically reduce the cost solar energy, bringing it below the cost natural gas-fired power plants.


How to save the world's oceans from overfishing
(7/8/2007) Global fishing stocks are in trouble. After expanding from 18 millions tons in 1950 to around 94 million tons in 2000, annual world fish catch has leveled off and may even be declining. Scientists estimate that the number of large predatory fish in the oceans has fallen by 90 percent since the 1950s, while about one-quarter of the world's fisheries are overexploited, depleted, or recovering from depletion. Despite these dire trends, the situation is changing. Today some of the world's largest environmental groups are focused on addressing the health of marine life and oceans, while sustainable fisheries management is at the top of the agenda for intergovenmental bodies. At the forefront of these efforts is Mike Sutton, director of the Monterey Bay Aquarium's conservation program: the Center for the Future of the Oceans. The aquarium, which has long been recognized as one of the world's most important marine research facilities, is pioneering new strategies for protecting the planet's oceans. Sutton says the approach has four parts: establishing new marine protected areas, pushing for ocean policy reform, promoting sustainable seafood, and protecting wildlife and marine ecosystems.


Home improvement giant bans illegal wood products
(7/8/2007) B&Q, the third largest retailer of home improvement materials, announced that within three years, all Brazilian wood products sold in China would come from certified sources. B&Q has 60 stores in China.


Google to be carbon neutral by year end
(6/20/2007) Google Inc. aims to be carbon neutral by the end of 2007, according to a statement posted on the Official Google Blog. The search giant plans to fight global warming by investing in and using renewable energy sources; reducing energy consumption by maximizing efficiency, and purchasing carbon offsets for the greenhouse gas emissions that it cannot reduce directly.


Amazon.com, eBay rank worst for global warming efforts
(6/20/2007) Amazon.com and eBay rank at the bottom of the list when it comes to reducing their impact on climate, reports a new analysis from Climate Counts, a nonprofit that works to promote responsible climate policy among corporations. Microsoft and Yahoo rank at the top of Internet and software companies rated, while Google is in the middle of the pack.


Google will put $10M towards plug-in hybrid cars
(6/19/2007) Google.org, Google Inc.'s philanthropic arm, today unveiled an initiative to convert hybrid cars to plug-in hybrid vehicles (PHEVs), a move that will cut carbon dioxide emissions, reduce oil use, and help stabilize the electrical grid.


Google, Intel seek greener computers
(6/13/2007) Google, Intel, and other tech giants announced an energy efficiency drive develop "greener" computers that use 50 percent less power by 2010. The plan, dubbed the Climate Savers Computing Initiative, seeks to reduce emissions of greenhouse gases that contribute to global warming..


Google, Microsoft launch energy efficiency initiative
(6/12/2007) Google, Microsoft, and other tech giants announced an energy efficiency drive to reduce computer power consumption by 50 percent by 2010. The scheme, dubbed the Climate Savers Computing Initiative, seeks to reduce the emission of greenhouse gases that contribute to climate change global warming.


World's largest movement has no leader but 100M employees
(6/11/2007) The world's largest movement has no name, no leader, and no ideology, but may directly involve more than 100 million people, said a green business pioneer.


Can cattle ranchers and soy farmers save the Amazon?
(6/6/2007) John Cain Carter, a Texas rancher who moved to the heart of the Amazon 11 years ago and founded what is perhaps the most innovative organization working in the Amazon, Alianca da Terra, believes the only way to save the Amazon is through the market. Carter says that by giving producers incentives to reduce their impact on the forest, the market can succeed where conservation efforts have failed. What is most remarkable about Alianca's system is that it has the potential to be applied to any commodity anywhere in the world. That means palm oil in Borneo could be certified just as easily as sugar cane in Brazil or sheep in New Zealand. By addressing the supply chain, tracing agricultural products back to the specific fields where they were produced, the system offers perhaps the best market-based solution to combating deforestation. Combining these approaches with large-scale land conservation and scientific research offers what may be the best hope for saving the Amazon.


Globalization could save the Amazon rainforest
(6/3/2007) The Amazon basin is home to the world's largest rainforest, an ecosystem that supports perhaps 30 percent of the world's terrestrial species, stores vast amounts of carbon, and exerts considerable influence on global weather patterns and climate. Few would dispute that it is one of the planet's most important landscapes. Despite its scale, the Amazon is also one of the fastest changing ecosystems, largely as a result of human activities, including deforestation, forest fires, and, increasingly, climate change. Few people understand these impacts better than Dr. Daniel Nepstad, one of the world's foremost experts on the Amazon rainforest. Now head of the Woods Hole Research Center's Amazon program in Belem, Brazil, Nepstad has spent more than 23 years in the Amazon, studying subjects ranging from forest fires and forest management policy to sustainable development. Nepstad says the Amazon is presently at a point unlike any he's ever seen, one where there are unparalleled risks and opportunities. While he's hopeful about some of the trends, he knows the Amazon faces difficult and immediate challenges.


HSBC puts $100 towards global warming research
(5/30/2007) HSBC announced Wednesday it would spend $100 million on climate change research. The investment, which will go to the Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute (STRI) and WWF over a five year period, is the largest donation ever made by a British company.


HSBC invests $100M in global warming research
(5/30/2007) HSBC announced Wednesday it would spend $100 million on climate change research. The investment, which will go to the Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute (STRI) and WWF over a five year period, is the largest donation ever made by a British company.


Intel pushes its environmental initiatives
(5/23/2007) Intel Corp. said is removing lead from its next generation of computer chips. Instead the company will use an alloy made up of tin, silver, and copper.


IBM launches "green" chip
(5/22/2007) IBM is touting the "green" credentials of its newest and most powerful microprocessor, the "Power6."


16 cities to get energy-saving retrofits
(5/17/2007) Sixteen cities will get financing to make buildings "greener" through environmental renovations, former President Clinton announced Wednesday at the C40 Large Cities Climate Summit in New York, where mayors and local government officials are meeting to discuss strategies to flight global warming. The green building initiatives will cut carbon emissions and reduce waste.


Citigroup commits $50 billion to fight global warming
(5/13/2007) Citigroup said last week that it plans to spend $50 billion towards mitigating climate change, mostly through investments in clean energy and 'alternative technology' over the next 10 years.


Apple defends green credentials, promises to do better
(5/4/2007) In a open letter posted Wednesday, Apple Inc. CEO Steve Jobs countered claims by green groups that the iPod and computer maker lagged in recycling and removing toxic chemicals from its products. He said the company is already an industry leader when it comes to the environment and that Apple will continue to reduce its impact on the planet.


Cleantech investment booms, but energy tech bubble looms
(4/30/2007) Investors are pouring money into clean technology, with spending on R&D rising to $48 billion in 2006, up 9% from 2005, reports a new study by Lux Research, an emerging technology research and advisory firm. However, the report warns that the energy technology sector is showing signs of a bubble, with initial public offering (IPO) values and venture capital deployments more than doubling last year.


Dutch plan restricts biofuels that damage environment
(4/29/2007) The Netherlands has proposed a system to reduce the environmental impact of biofuels production. The country becomes the first in the world to establish such guidelines. Environmentalists have expressed increasing concern for the establishment of energy crops in biodiverse and carbon-rich ecosystems like the peatlands of Indonesia and the Amazon rainforest. They say that conversion of these forests for oil palm and soybeans is threatening endangered species and worsening global warming. Further, they warn, demand for such biomass energy products is driving up prices for food crops.


Dutch will demand rainforest-friendly palm oil
(4/27/2007) In a report scheduled to be released today, the Dutch government will outline criteria for growing biofuels in a more sustainable manner. The guidelines will be closely watched by the rest of Europe, which is currently struggling with the environmental pros and cons of large-scale energy crop production, especially in ecologically-sensitive areas like the Amazon and Indonesian rainforests.


Measures to drive adoption of super efficient cars in the U.S.
(4/11/2007) To reduce its growing dependence on foreign oil the United States could implement relatively low-cost measures to put millions of super efficient vehicles on American highways, said energy efficiency expert Amory Lovins of the Rocky Mountain Institute in a speech at Stanford University. The measures could significantly cut oil usage, help fight climate change, and make U.S. roads safer.


Palm oil doesn't have to be bad for the environment
(4/4/2007) As traditionally practiced in southeast Asia, oil palm cultivation is responsible for widespread deforestation that reduces biodiversity, degrades important ecological services, worsens climate change, and traps workers in inequitable conditions sometimes analogous to slavery. This doesn't have to be the case. Following examples set forth by the Roundtable on Sustainable Palm Oil and firms like Golden Hope Plantations Berhad, a Malaysian palm oil producer, oil palm can be cultivated in a manner that helps mitigate climate change, preserves biodiversity, and brings economic opportunities to desperately poor rural populations.



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