-
World's biggest firms must double pace of carbon cuts – CDP
27 August 2009Many of the world's 100 largest companies are setting targets to cut their greenhouse gas (GHG) emissions, but they must double the pace of action to avoid dangerous climate change, a report by the Carbon Disclosure Project (CDP) and UK telecoms firm BT has concluded.
-
Cat bond market hots up as investors pile in
27 August 2009Growing interest in catastrophe (cat) bonds and a lack of major disasters is helping to drive up prices – and market participants are expecting a wave of issuances as the risk premium demanded by investors returns to pre-crisis levels.
-
Carbon VAT fraudsters eyeing other environmental markets?
27 August 2009Market participants have expressed fears that fraudsters who have targeted European carbon allowances may turn to other environmental markets, with brokers reporting an increase in requests to trade renewable energy certificates (RECs).
-
Sugar-to-biofuels firm Amyris raises $25m
26 August 2009California's Amyris Biotechnologies has raised $24.7m to pursue development of its technology to convert sugar cane into biofuels and useful chemicals.
-
Norway sovereign fund to focus on water risk
20 August 2009Norway's $394 billion sovereign wealth fund has identified water supply as a risk to 11% of its portfolio – adding the issue to climate change and a number of social concerns on which it will pressure the companies in which it invests.
-
Infigen to sell 1.1GW US wind farm portfolio
20 August 2009Australian wind farm developer Infigen Energy has put its US assets up for sale, in order to focus on its domestic market.
-
Australia boosts renewable energy target
20 August 2009The Australian Senate today passed legislation that commits the nation to generating 20% of its electricity from renewables by 2020, after the government secured the support of the main opposition coalition.
-
UK arrests seven in £38m VAT fraud investigation
19 August 2009The UK today arrested seven people suspected of committing value added tax (VAT) fraud in the carbon market.
-
WM signs landmark deal for Chinese solid waste firm
13 August 2009Waste Management (WM) will pursue waste-to-energy opportunities in China following its $140 million acquisition of a stake in Shanghai Environment Group (SEG) last week, believed to the single largest foreign investment in China's solid waste management sector.
-
IFC breached standards on palm oil financing – ombudsman
13 August 2009An audit by the International Finance Corporation's (IFC's) own watchdog has found it failed to apply its own environmental and social standards in a series of investments and loans to palm oil trading and plantation owner Wilmar Group.