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Coal powers on
01 February 2007Janet Gellici reviews the myriad of environmental and market pressures faced by the US coal industry, and its electric utility customers
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Carbon without compulsion
01 February 2007Interest in using the carbon market to offset greenhouse gas emissions has soared. But the market's dramatic growth raises questions of credibility and transparency. Christopher Cundy reports
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Setting the stage for Phase II
01 February 2007The European Commission has stuck to its guns in tightening up emissions targets for Phase II of the EU Emissions Trading Scheme. The onus is now on the member states, says Alyssa Gilbert
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Corporate climate action accelerates
01 February 2007A Slew of corporate initiatives to tackle climate change have been announced in recent weeks – with environmentalists even claiming a shift in position by climate change bête noire ExxonMobil – in response to growing public concern around the issue.
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UK stirs up carbon offset market
01 February 2007Leading carbon offset providers have blasted UK government proposals for a voluntary carbon offset standard that would exclude verified emission reductions (VERs) generated by non-Kyoto projects and have criticised the inclusion of allowances (EUAs) from the EU Emissions Trading Scheme (ETS) in the plans.
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2006: breakthrough year for environmental sector?
01 February 2007Investment in clean technology companies soared in 2006, along with the stock market valuation of the environmental sector, in a stellar year for the environmental industry worldwide.
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M&S, Tesco go green
01 February 2007Marks & Spencer (M&S) plans to spend £200 million ($390 million) over the next five years on a wide-ranging environmental plan, as British retailers race to prove which high street giant is greener.
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Website offers weather risk for the masses
01 February 2007Anew online weather risk management service has been launched in the US, aiming to offer small and medium-sized enterprises access to weather hedges. WeatherBill, launched by a San Francisco-based start-up, offers tools to help companies estimate their weather sensitivity, and customisable contracts based on any combination of minimum, maximum or average daily temperatures, and daily precipitation levels, at 200 US weather stations.
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EBRD bows out of Sakhalin
01 February 2007The European Bank for Reconstruction and Development (EBRD) has ended its five-year investigation into whether to fund the controversial Sakhalin II oil and gas project, because Gazprom's deal to secure a stake in it invalidates the proposal.
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Making their green, greener
01 February 2007San Francisco's New Resource Bank opened its doors at the end of last year, promising a new – and environmentally and community-focused – approach to commercial banking in the US. Trevor Curwin reports