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Enel may sell half of renewables business
23 April 2009Italian utility Enel could sell up to 49% of its renewable energy unit, CEO Fulvio Conti said yesterday, to potentially net up to €6 billion ($7.8 billion).
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Industry welcomes Budget boost for UK low-carbon sector
23 April 2009The UK's 2009 Budget, unveiled yesterday, promises a boost to the development of a low-carbon economy, according to industry groups. Yesterday's announcements, combined with initiatives put forward since last autumn, should enable £10.4 billion ($15.1 billion) of investment in the sector, on top of the £50 billion from existing policies to 2011, said the government.
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EcoSecurities founder quits
23 April 2009The co-founder and president of EcoSecurities, one of the oldest companies in the carbon trading business, has resigned "to pursue other interests", the company announced today.
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Industry gives cautious welcome to UK report on emissions from biomass
22 April 2009Industry has given a qualified welcome to a report from the UK's Environment Agency that calls on the government to consider setting minimum standards for greenhouse gas emissions from biomass projects.
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IFC and FT announce sustainable banking awards shortlist
16 April 2009The International Finance Corporation (IFC) and the Financial Times have released the shortlist for their annual sustainable banking awards.
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Eurosif calls for EU intervention on ESG disclosure
16 April 2009The EU should force companies and institutional investors to disclose more information on how they are dealing with environmental, social and governance (ESG) issues, the European Sustainable Investment Forum (Eurosif) has said.
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Triodos mulling €300 million wind energy securitisation
16 April 2009Ethical bank Triodos is considering securitising a part of its portfolio of loans to renewable energy projects, to allow it to increase its lending to the sector.
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Chicago exchange to list REC futures
16 April 2009Market participants embraced the Chicago Climate Futures Exchange (CCFE) decision to list renewable energy certificate (REC) futures, but there are questions about the potential liquidity of the contracts.
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Business reports on 'Stern review' of nature
16 April 2009A major study on the economic importance of nature is seeking input from businesses across all sectors.
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Aventine partly blames biofuel blending credits for bankruptcy
15 April 2009US ethanol producer Aventine Renewable Energy claimed that the increased use by fuel refiners and blenders of excess tradeable biofuel credits to meet their blending targets had helped to push it into Chapter 11 bankruptcy last week.