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Norway doubles carbon tax, launches $2bn climate fund
10 October 2012Norway will nearly double its carbon tax on the offshore petroleum sector, increase its funding for the prevention of deforestation in developing countries and launch a new climate and energy fund, according to its draft 2013 budget.
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Clean energy investment set to decline in 2012
09 October 2012A mediocre third quarter for global clean energy investment will likely make 2012 the first 'down' year in almost a decade, according Bloomberg New Energy Finance (BNEF).
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EPA requests rehearing on air pollution regulation
09 October 2012The US Environmental Protection Agency (EPA) has asked a full appeals court to weigh in on the legality of its Cross-State Air Pollution Rule (CSAPR).
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SolarCity eyes $200m IPO
09 October 2012SolarCity has decided to test the initial public offering (IPO) waters, in a move that could increase the transparency of the solar sector.
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Companies need environmental impact metrics – Puma
09 October 2012The chairman of sportswear firm Puma is calling for agreement on a standardised way to calculate the environmental impact of companies, in order to boost the development and use of environmentally friendly products.
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Terra Firma planning $5bn renewables fund
08 October 2012Private equity firm Terra Firma is this week expected to reveal plans to raise up to $5 billion for a new renewable energy fund, in a move set to dwarf the other players in the sector.
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PGGM publishes landmark private equity ESG policy
08 October 2012Dutch pensions giant PGGM has published a policy governing how environmental, social and governance (ESG) factors are managed in its private equity investments – and will favour fund managers with better ESG policies and performance.
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Floods cause $8bn damage in Asia
08 October 2012Severe monsoon floods caused nearly $8 billion of damage across Asia in September, according to the latest report by Aon Benfield.
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Fears grow over EU ETS reform, as Parliament takes its time
05 October 2012Uncertainty over the future of the EU Emission Trading System (ETS) has risen still further as it emerged this week that the European Parliament plans to continue debating a proposed delay to allowance sales – to boost the carbon price – into next year.
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Investment consultants lag in ESG efforts – Ceres
05 October 2012Major investment consultants do not generally consider environmental, social and governance (ESG) risks and opportunities when they advise their investor clients, instead treating ESG as a niche issue, according to Ceres.