The Principles are: Energy efficiency. An effective way to reduce CO2 emissions is to not produce i

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New York. 3 of the world's leading financial institutions for credit today announced the formation of "Carbon Principles". These principles are the result of an intense period of struggle lasted nine months in order to create an approach to risk assessment of the CO2 and the financing of projects involving the production of electricity. The need for these principles advocate is due to the new regulatory authority, advocate independent producers, industry and investors in order to deal with the uncertainties that affect regional and national climate change.
The principles were developed in partnership by Citi, JPMorgan advocate Chase and Morgan Stanley, in consultation with major U.S. electric power, CMS Energy, DTE Energy, NRG Energy, PSEG, Sempra and Southern Company as well as non-governmental organizations.
It 'a turning point, as it is the first time that a group of banks meets with major companies advocate in the industry and environmental groups for understanding the real risk of CO2 and regulate investment to meet future economic growth and the needs consumers who will devote themselves to renewable energy, advocate safe and convenient. The principles work in such a way as to recognize an investment, the benefits of an approach that must meet certain predetermined requirements.
The emission of CO2 and greenhouse gases are going to compete in the final financing decision. "There was a great debate, exchange of information and opinions among banks, advocate businesses and environmental organizations. The dialogue also led to a rigorous analysis of investment risks with CO2 emissions, advocate establishing an additional stage for further discussion, advocate "so reports Matt Arnold Director of Sustainable Finance.
Citi, JPMorgan Chase and Morgan Stanley have pledged their commitment to the application advocate of the principles to be used as a framework and reference point for future customers. In addition, advocate the effort aims to create a coherent advocate approach between the major donors and consultants for the evaluation of the rishis of climate change and the opportunities advocate in the electricity sector in the United States. The "Carbon Principles" represent a first step in a process designed to provide banks with an additional power on industry to reduce financial and regulatory risks associated with greenhouse gas emissions.
The Principles are: Energy efficiency. An effective way to reduce CO2 emissions is to not produce it. Financial institutions and credit so encourage advocate customers to invest in efficiency and demand reduction, taking into account the CO2 emissions avoided. There will also encourage changes in laws and various regulations in order to increase efficiency in the consumption of electricity, including the removal of barriers to investment and the actual cost of a reduction in demand. The institutions also take into account the reduction in demand caused by increased energy efficiency (or other means) as part of the process of "due diligence" in evaluating its impact in the proposed financing of some new fossil fuel generation.
Renewable energy technologies advocate and low CO2 emissions. Will be taken into serious consideration and important sources of renewable energy that will satisfy the electricity needs of the United States and also considering the creation advocate of new jobs in this new market. The goal is to encourage customers to invest in renewable advocate energy sources and efficient technologies taking into consideration the value of avoided CO2 emissions. Will be encouraged changes in laws and regulations to remove all barriers advocate and obstacles in order to promote these types of investments (including investments in infrastructure and equipment necessary to support advocate the new connections of renewable energy sources to the system). In addition to the actual cost of 'energy efficiency, renewable energy sources and low CO2 emissions, funding will be allocated to those technologically advanced systems or conventional that will provide the energy required advocate U.S.. This will include natural gas, coal and nuclear technologies. The purpose of the Carbon Principles is also qu