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Sarasin and UFG to launch French fund manager
01 December 2008Bank Sarasin and UFG Group plan to launch a socially responsible asset management company in France at the beginning of 2009.
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PRI, EAI launch research database
01 December 2008The UN Principles for Responsible Investment (PRI) and the Enhanced Analytics Initiative (EAI) are to create a database of environmental, social and governance (ESG)-focused investment research.
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First close for CCC property fund
01 December 2008UK-based boutique investment bank Climate Change Capital has made a first close of £50 million of its commercial property fund.
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Fink launches $5bn environmental asset manager
01 December 2008Hedge fund supremo Stanley Fink is backing the launch of an environmental investment manager that hopes to raise $5 billion over the next five years.
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Credit Suisse, Invesco named and shamed on responsible investment
01 December 2008Credit Suisse and Invesco are at the bottom of a responsible investment league table of 30 of the largest fund managers operating in the UK, compiled by campaign group FairPensions.
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Foresight eyes £300m for roll-out fund.
01 December 2008Foresight, a UK-based asset manager, hopes to raise up to £300 million ($450 million) into a successor to its £22.5 million UK Sustainable Investment Fund (SIF).
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Congress 'must revisit' key tax break
01 December 2008No sooner has the US Congress approved tax credits for renewable energy, it should immediately adjust them because the financial crisis has limited new project development, renewable energy advocates have said.
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Clean energy investment set to stall
01 December 2008Clean energy investment in 2008 is set to fall 4% from 2007 levels, according to New Energy Finance (NEF). The UK-based analysis company is projecting total new investment of $142 billion, down from $148 billion last year.
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Aviva launches €500m renewables infrastructure fund
01 December 2008Aviva Investors has launched a potentially €500 million ($626 million) renewable energy infrastructure fund, focusing on solar photovoltaic (PV), geothermal, biomass, biogas and wind assets, in the more mature EU markets.
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Sarkozy clinches compromise on EU climate package
01 December 2008After months of wrangling between industry and environmentalists, and strident opposition from Italy, Germany, Poland and other eastern European states, EU leaders agreed a deal on the bloc's climate package in December, securing a commitment to cut greenhouse gas emissions by 20% by 2020 compared with 1990 levels, and to source 20% of EU energy from renewable sources by the same date.