Archive

  • California bill could spawn giant REC market

    01 October 2006

    The California Legislature has passed a bill requiring 20% of electricity to come from renewables by 2011, and allowing trading of renewable energy certificates (RECs) to help achieve that goal.

  • ANZ in the dock over logging

    01 October 2006

    Acoalition of non-governmental organisations, including the Australian Conservation Foundation (ACF), has lodged a complaint with the OECD over Australian bank ANZ's involvement with a major logging company's operations in Papua New Guinea (PNG).

  • Wider, longer, deeper

    01 October 2006

    The EU Emissions Trading Scheme is not without its critics, particularly regarding its impact on competitiveness. But Paul Dawson argues that the answer is more, not less, ­emissions trading

  • EU carbon prices fall, as uncertainty lingers

    01 October 2006

    Prices of EU carbon dioxide allowances (EUAs) fell in mid-September, with some market participants arguing that the EU Emissions Trading Scheme market could be beginning its long-anticipated trend towards zero. Meanwhile, other traders say that the delayed submission of member states' national allocation plans – setting emissions targets for Phase II of the EU ETS, from 2008, is harming the market. On 21 September, the European Climate Exchange's December 2006 EUA contract closed at €13.55 ($17.35)/t, down from €16.25 three days earlier.

  • A trillion and rising

    01 October 2006

    The latest study from Eurosif estimates the European socially responsible investment market is worth more than €1 trillion. Matt Christensen reviews its findings

  • Abu Dhabi launches $250 million cleantech fund

    01 October 2006

    The government of Abu Dhabi has invested $100 million into a new clean technology fund in partnership with investment bank Credit Suisse and the Consensus Business Group, a UK-based property investment firm.

  • Why 'good' science doesn't help

    01 October 2006

    Andrew Dlugolecki argues that using cost trends and empirical climate science puts insurers at grave risk of ­underestimating the likely costs of climate change

  • Climate Change Capital on track for $1 billion carbon fund

    01 October 2006

    Climate Change Capital (CCC) is expecting to top $1 billion for its second carbon fund – making the London-based boutique merchant bank the world's biggest private sector carbon asset manager. CCC had reached $830 million by its first close on 11 September, taking just three months to raise the money, which came from Dutch pension funds ABP and PGGM, UK-based energy company Centrica and a fourth unnamed investor, described as a "global emerging markets banking group".

  • To trade, or not to trade?

    01 October 2006

    Despite many states planning to ban the trading of mercury allowances – and looming lawsuits – the US Environmental Protection Agency is confident its trading plan will work. Ray Pospisil reports

  • CDP response plateaus, but widens

    01 October 2006

    Roughly the same number of the world's 500 largest companies responded to the Carbon Disclosure Project (CDP) this year as last, the CDP reported last month*.