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Airlines face €500m carbon cost in 2012
09 February 2012The global aviation sector will need to buy 59 million emissions permits under the EU's carbon cap-and-trade system this year, said a market analyst, at an estimated cost of €500 million ($665.4 million).
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Fix emission trading system, E.ON urges Commission
09 February 2012The EU Emissions Trading System (ETS) needs to be urgently reformed in order to provide higher and more predictable carbon dioxide (CO2) emission prices, according to the chief executive of energy giant E.ON.
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Bank of England to examine carbon 'bubble'
09 February 2012The Bank of England has said it will consider whether exposure to carbon-intensive industries puts the UK's financial stability at risk, and has identified the criteria for such exposure to be considered a threat.
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Forest Footprint Disclosure Project brands oil sector disclosure as 'shameful'
09 February 2012The oil and gas sector remains a black hole in terms of disclosure around its use of commodities that can lead to deforestation, such as biofuels, according to the latest report from the Forest Footprint Disclosure Project (FFDP).
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US Defense Department should seek private investors for solar build-out – ICF
08 February 2012The US Department of Defense (DoD) needs to engage private investors if it wants to tap the more than 7GW of solar energy potential on its California properties, according to a study by consultancy ICF International.
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US states order insurers to disclose climate risks
07 February 2012About 300 insurance companies active in the US will be required to detail the risks they face from climate change, following regulatory moves in California, New York and Washington State.
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Aviva move bad news for SRI, good news for ESG integration – Waygood
07 February 2012Aviva Investors' proposed move out of its sustainable and responsible investment (SRI) funds is "not good news for SRI at Aviva Investors, but there is good news for ESG integration", according to the London-based firm's new chief responsible investment officer.
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Ecofin acquires Australian asset management firm
07 February 2012London-based investment management firm Ecofin has launched an Australian subsidiary on the back of a local acquisition.
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China bans airlines from EU carbon trading
06 February 2012China has issued its strongest warning yet about its airlines not participating in the EU Emissions Trading System (ETS).
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UK low-carbon agenda feared at risk after climate minister resigns
06 February 2012More than 100 Conservative members of parliament (MPs) have called on the UK government to slash support for onshore wind farms, coinciding with the resignation of renewables advocate Chris Huhne as Secretary of State for Energy & Climate.