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Environmental consultancy market hits $26.5bn
06 December 2012The global environmental consultancy market grew to $26.5 billion last year and is forecast to continue increasing at a compound rate of 3.5% a year up to 2016, according to a new study.
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Companies are 'walking dead' as CDM market suffers – Newcombe
06 December 2012An "exodus" of talent has left companies in the carbon sector resembling the "walking dead", veteran carbon trader Ken Newcombe claimed, as he urged politicians to save the Clean Development Mechanism (CDM).
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Dash for gas risks undermining UK renewables
06 December 2012The UK government has given the green light to 30 new gas power stations and potentially opened the door to widespread fracking in a move that critics fear will undermine confidence in renewables.
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Munich Re, REpower sign first offshore wind insurance deal
06 December 2012Munich Re has sold what it says is the first ever insurance product to protect an offshore wind turbine maker from serial losses, as it targets around €500 million ($653 million) of business from renewable energy by 2015.
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New water trading fund up and running
04 December 2012A pioneering new fund focusing exclusively on Australia's traded water market is already allocating capital and has seen strong interest from overseas investors, according to its fund manager.
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Sustainable banks outperform the world's biggest lenders
04 December 2012Sustainable banks have generated greater returns and lent a greater proportion of their capital to businesses than the world's biggest banks over the past decade, according to a report.
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EU to start work on post-2020 renewables support
04 December 2012EU energy ministers meeting in Brussels on Monday invited the European Commission to start work on a post-2020 policy framework for renewable energy to "ensure that the strong impetus provided by the current legislative framework is not lost".
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Biggest photovoltaic project in Africa seeks finance
04 December 2012A UK renewables developer has unveiled plans to build Africa's biggest photovoltaic (PV) solar project in a move it believes has the potential to trigger a clean energy revolution in the region.
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EU, US eye Durban Platform timetable
03 December 2012EU and US officials are hopeful that a timetable for negotiations on a new international climate change agreement will be agreed at the UN talks in Doha this week – although to varying degrees.
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CSAPR rehearing decision expected soon – but rescue seen unlikely
03 December 2012The DC Circuit Court is likely to decide whether to rehear a decision invalidating the Cross-State Air Pollution Rule (CSAPR) in the next few months, but market participants are not expecting a judicial rescue.