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The case for allocating carbon allowances
01 April 2009The US power sector stands ready to contribute to the nation's efforts to slash greenhouse gas emissions – but any cap-and-trade programme must allocate, not auction allowances, says Thomas Kuhn
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Seeing the wood for the trees
01 April 2009As the US prepares to regulate carbon emissions, the links between business and the environmental movement – such as those forged by Glenn Prickett – will become crucial. Gloria Gonzalez reports
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Weather risk volumes drop as speculators rein in activity
01 April 2009The financial crisis has taken its toll on the weather risk markets, with 2008 trading volumes on the Chicago Mercantile Exchange (CME) dropping 16% compared with the previous year, as hedge funds and financial institutions reduced their activity. However, participants report a healthy level of transactions with 'end-users' – the ultimate users of weather risk products.
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Auction, EPA reveal doubts over SO2 and NOx markets
01 April 2009An auction of US sulphur dioxide (SO2) allowances for use in 2016 cleared at $6.63/ton, a level well below most market expectations and one that reflects the increasing uncertainty about the future of existing US emissions markets.
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Jupiter calls off launch of China sustainability fund
01 April 2009Jupiter Asset Management has postponed its planned China Sustainable Growth fund as commitments from investors failed to reach $50 million, seen as the minimum launch size.
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Danish pension giant sees inflation hedge in climate investments
01 April 2009Danish pension fund ATP has announced a $400 million allocation to renewable energy private equity firm Hudson Clean Energy, and has made its first investment out of a $500 million pot for sustainable forestry.
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Consensus sells down clean-tech portfolio
01 April 2009The UK-based Consensus Business Group, which made a big splash into clean technology investment in 2006, has been selling down its clean-tech investment portfolio to shift assets into property.
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US outlines proposals for national GHG reporting
01 April 2009The US Environmental Protection Agency (EPA) released its proposals for mandatory reporting of greenhouse gas (GHG) emissions last month, setting in train a crucial underpinning of any carbon cap-and-trade system.
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US DOE guarantees first loan under renewables programme
01 April 2009The US Department of Energy (DOE) has kickstarted its loan guarantee programme for renewable energy projects, providing a welcome boost to the solar industry.
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CCC seeking €500m for renewables equity fund
01 April 2009London-based Climate Change Capital (CCC) has launched a private equity fund that will invest in medium-sized renewable energy projects in Europe.