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UK's Green Investment Bank launches next year, with £3bn in kitty
23 March 2011The UK's Green Investment Bank (GIB) will launch in 2012, with £3 billion ($4.9 billion) of public money to support low-carbon development, the UK government announced today, to a mixed reaction from investors and analysts. The bank will be allowed to borrow – but not for five years, the Treasury said.
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Largest Middle East solar project secures $600m financing
23 March 2011Plans to build the largest solar power plant in the Middle East moved a step closer to reality after financing closed on the $600 million Shams 1 project in the United Arab Emirates.
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Funds launch to support UK community quest for renewables
23 March 2011Two funds are to lend money to local community groups in the UK seeking to become green power generators.
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London seeks climate glory, launches £70m green waste fund
22 March 2011London should compete to become a world leader of the low-carbon economy, the city's mayor urged yesterday, as he announced the selection of the first manager for the long-anticipated London Green Fund and an additional £35 million ($57 million) in funding.
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Water makes business risky in Middle East, North Africa
22 March 2011Businesses in 18 countries face "extreme" risks from water shortages, with water stress concentrated in the Middle East and North Africa, according to risk analysis firm Maplecroft.
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Norwegian pension fund more than triples investment in green assets
22 March 2011Norway's Government Pension Fund Global has more than tripled its green-themed assets under management to NOK25.7 billion ($4.6 billion) in one year.
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Plan to slash UK solar tariff will 'stall' sector
18 March 2011Deep cuts to the feed-in tariffs (FITs) that solar photovoltaic (PV) installations can earn in the UK were proposed today by the Department of Energy and Climate Change (DECC).
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Green bonds to help Chicago meet goals?
18 March 2011The City of Chicago is inviting proposals to develop a green bond programme, with transparent market standards and a potential demonstration project, to attract institutional investment for its energy efficiency and renewables goals.
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Going, going, gone...
17 March 2011European Energy Exchange's Tim Greenwood says Europe's carbon exchanges are looking forward to increased auctioning and new overseas markets, following closure in the wake of carbon allowance thefts Christopher Cundy reports
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Juno Mother Earth hedge fund founders sued by SEC
17 March 2011Two founders of a clean energy hedge fund are being sued by the US Securities and Exchange Commission for allegedly defrauding clients and "failing to comply with fiduciary obligations".