-
Drax profits fall, but shares rise amid biomass conversion plans
19 February 2013Profits dropped at Western Europe's biggest coal-fired electricity plant as it invested in plans to convert to running mainly on biomass – but it remains confident the transformation will deliver "attractive returns to shareholders".
-
China's Green Credit Policy under scrutiny
19 February 2013Beijing is trying to give teeth to its environmental policies by enlisting the help of the banking sector. Can it work? Rey Edward reports
-
Germany risks putting off renewables investors, Spain faces legal action on FiT changes
18 February 2013The German government's plans to introduce retroactive cuts for existing renewable power plants risk deterring investment in the sector, observers have warned, while Spain faces legal action by investors against recent changes to its subsidy scheme.
-
US Senators table carbon tax bill
15 February 2013Two US senators have introduced legislation to establish a national carbon tax.
-
IFC issues world's first $1 billion green bond
15 February 2013The International Finance Corporation (IFC) has issued the first $1 billion green bond, the proceeds of which will be directed to "climate-friendly" projects in developing countries.
-
PRI showcases ESG integration approaches
14 February 2013The Principles for Responsible Investment (PRI) secretariat has published two reports to help investors better incorporate environmental, social and governance (ESG) factors into investment decision making.
-
Germany lights the path on efficiency
14 February 2013Germany's domestic energy efficiency programme has been praised as a blueprint for other countries to follow. Elza Holmstedt Pell investigates how its development bank is helping to keep the country's energy costs down
-
ESG becoming more important to investors
14 February 2013Investors are expected to pay more attention to companies' environmental, social and governance (ESG) performance as extreme weather and social unrest become more persistent, according to a new report.
-
Revenues from 'shale oil boom' should fund low-carbon technologies – PwC
14 February 2013Governments need to invest some of the revenues from a predicted shale oil boom in low-carbon technologies to balance its environmental impacts, PwC has said, as it predicts the technology will significantly reduce oil prices by 2035.
-
Obama urges increased commitment to renewables
13 February 2013The US must strengthen its commitment to the clean energy sector to keep pace with China and other countries, said Barack Obama in his State of the Union address, as he unveiled a plan to double US renewable energy generation by 2020.