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UK to get new buy to let index
A new property index is being launched in the UK that will include more micro level data aimed at providing advanced insight into buy to let investment. The Landbay Rental Index, powered by MIAC for the peer to peer buy to let mortgage lender, will be available for the first time later this month and will monitor rental prices and market trends across the country. The index is intended to serve as a more practical guide to current and potential landlords looking to invest in buy to let properties, as well as others interested in trends in the private rented sector. Rental trends will be reported by granular geographical levels including region, county and London boroughs. Rents will also be analysed by the number of bedrooms and include detailed analysis and explanation of emerging trends. Each monthly report will contain national and local breakdowns, alongside practical detail for rental asking prices by number of bedrooms with input data sourced from Zoopla. ‘The ability to offer new and highly developed data insights into the buy to let and wider property market is very exciting for us. Our P2P mortgage lending platform was developed using the latest innovations in financial technology, so data and insight are already in our DNA,’ said John Goodall, Landbay chief executive officer. ‘We’re confident our partnership with MIAC will give answers to what is driving prices and trends in the private rented sector. Being able to see how rental trends differ by number of bedrooms will be useful in a very practical way, particularly for those looking to invest in buy to let. We hope this tool will prove a useful guide to buy to let investors, and stimulate a discussion amongst industry commentators,’ he explained. ‘The UK property market is fluid and complicated. To really pinpoint what is happening we need local and bedroom number data. With this index we’ll truly find out who and where is pulling the levers in the rental market,’ he added. According to Joe Macklin, director of risk and analytics of MIAC, the new index will benefit from the richest available underlying data and the most fit for purpose statistical techniques to deliver a rental index that is both granular and accurate. Continue reading
Want Better Biofuels? Get the Wood Out
2013-08-15 Lisa Sundin; (inset) Ruben Vanholme Addition by subtraction. By removing a specific gene, researchers reduced the amount of lignin (stained red) by 36% in cells in a plant’s stem, making it easier to recover sugar-rich parts of the plant that can be converted to automotive fuel. If the same technique works in biofuel crops such as poplar trees ( inset ) it could sharply reduce the cost of making biofuels. Wood is strong, abundant, and cheap. But when it comes to the hot prospect of turning trees and agricultural waste into an energy source for cars and trucks, wood gets in the way. Now, scientists say they’ve found a possible solution to this difficulty, one that could dramatically reduce the cost of tomorrow’s fuels. The problem with wood is a component in its cell walls known as lignin, which confers rigidity. Engineers must first remove the lignin to get to the sugar-rich cellulose in plants, which they ferment into alcohol-based fuel. Researchers have been looking for ways to reduce the amount of lignin in trees and plants without harming their ability to grow. It’s no easy task. Lignin isn’t like other long-chain biological molecules. DNA and RNA, for example, are copied directly from molecular templates. Lignin’s structure, by contrast, is more haphazard. Plants generate a series of molecular building blocks called monomers that are sent to cellular reaction chambers. Here, the monomers link together in branching chains. But the exact structure depends on the concentration of the individual monomers, which varies slightly in different plant species. Ultimately, the branching lignin wraps around the sugar-rich cellulose fibers that make up the bulk of the plant, strengthening the cell walls and supporting the tubelike vessels that transport food and water up the stem. For the last decade, plant biochemists have thought they knew all there was to know about the steps involved in synthesizing lignin. For example, they thought that in one key process, a single enzyme carried out two different jobs. But when tests failed to lend conclusive support, Wout Boerjan, a molecular geneticist at Ghent University in Belgium, suspected there was more to the story. So Boerjan and his colleagues ran genetic screens of the genes expressed in Arabidopsis thaliana , a small plant commonly studied in biological laboratories. When the researchers determined which genes were active in plants that were making lignin, they noticed one that hadn’t been identified as central to lignin biosynthesis, a gene for an enzyme called caffeoyl shikimate esterase (CSE). They then engineered Arabidopsis plants so they didn’t have the CSE gene. As the researchers report online today in Science , the plants still grew. But they contained 36% less lignin and were about a third smaller than their unaltered counterparts . They also didn’t droop or fall over, though some of their vessels for transporting food and water collapsed. Still, when the shorter plants were dried, cut up, and processed, they yielded four times the amount of sugar-rich cellulose as did the unaltered plants. What’s more, they gave up this extra cellulose without the expensive high-temperature processing usually required to remove the lignin prior to fermenting biofuels. “That’s an extremely valuable observation,” says Clint Chapple, a biochemist at Purdue University in West Lafayette, Indiana. The work provides hope that if the same gene-removal technique works in poplar trees and other biofuel crops, it could significantly decrease the cost of making fuel, he says. That, in turn, could obviate the need for making biofuels from corn, sugar, and other food crops and thereby reduce the need for using prime agricultural land to grow biofuels. Because lignin removal is also required when making paper and a variety of chemicals from plants, the new technique could reduce the costs of these processes as well, Boerjan says. Boerjan also suggests that lignin-modified trees and plants may be engineered to grow as well as their unmodified cousins. When lignin is reduced in the vessels that transport food and water, plants tend to be stunted or not grow at all. But other researchers have previously shown that it’s possible to engineer plants so that lignin remains high in the vessels but is reduced in plant cell walls, allowing these plants to grow just as tall as their unaltered cousins. By using genetic engineering to restore the plant’s vessel lignin, Boerjan thinks researchers may be able to produce plants that appear just as tall and vibrant as their unaltered cousins but that are far easier and cheaper to convert to biofuels, paper, and chemicals. If so, that would give the burgeoning bio-based economy, which is struggling to replace petroleum derived products with versions made from renewables, much needed support. Continue reading
Voluntary Carbon Credits Are Healthier Than Compliance: Jonathan Shopley
Wednesday, Jul 17, 2013, 12:07 IST | Agency: DNA R N Bhaskar Jonathan Shopley, MD at The CarbonNeutral Company, a global provider of carbon reduction solutions to more than 350 companies, was the founding co-chair of The International Carbon Reduction and Offset Alliance, an industry body committed to defining and meeting the best practice in the carbon market, and is a board director of the Climate Markets and Investors Association. Jonathan Shopley He has authored publications across a range of topics including climate change, environmental management and sustainable development. In this interview with R N Bhaskar, Shopley speaks about his work and what he expects from the markets. Excerpts: How big is the volume of business you do? Last year, we traded in around 11 million units of carbon, of which 2.2 million – approximately 20% – came from India. We see the markets changing. With the fall in carbon credit prices, thanks to the global economic slowdown, we see credits purchased and retired for corporates a better option than the compliance market driven by the Kyoto Convention. We see the non-regulatory action on climate, the voluntary market, growing at around 4% annually, even where the compliance market has crashed. This is to be expected, because as political will weakens, leading corporates – like Microsoft with whom we work worldwide – invariably step in. We see the private sector playing a critical role both in policy and market development, and even influencing regulation. What about global markets? As a survey by Ecosystems Marketplace, a Forest Trends Initiative, points out, voluntary demand for carbon offsetting grew 4% in 2012, when buyers committed more than $523 million to offset 101 million metric tonne of greenhouse gas emissions. The European private sector, including regulated energy utilities, was the market’s biggest voluntary buyer – seeing demand grow 34% to 43.4 million tonne of offsets even in the face of significant challenges to Europe’s mandatory carbon market. US-based corporations offset more emissions than buyers in any other single country, at 28.7 million tonne. A little over a third of offsets purchased by US buyers (9.7 million tonne) were obtained for future use in California’s emerging cap-and-trade programme. The survey also reveals that last year, voluntary buyers paid a volume-weighted average price of $5.9/tonne – slightly down from 2011’s $6.2/tonne. But it was significantly higher than the United Nations’s regulatory carbon offset price at less than a $1/tonne. How big is your organisation? Our headline numbers are that we have 35 people, 340 clients located in 34 countries. All our clients are carbon-neutral, but want to do more. We have 200 projects that are supported. As mentioned earlier, we have done around 11 million tonne of carbon last year. And we are likely to get more active in India. Recently, we purchased a lookalike company in New York. Continue reading