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UK renewables held up by government policy – Aldersgate Group
26 March 2009The UK needs to rethink its support systems for renewable power, because business is disincentivised from investing in onsite renewable generation, according to a coalition of businesses and NGOs.
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HSBC makes 'green' insurance push
26 March 2009HSBC plans to integrate sustainability into its insurance business, launching 'green' insurance products across its global operations this year.
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Carbon capture policy inadequate in most US states – RAP
26 March 2009Significant policy changes will be needed before carbon capture and storage (CCS) projects can be developed in most US states, according to Richard Cowart, director of the Regulator Assistance Project (RAP), a non-profit that advises electricity sector regulators.
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US Senators try to cut ethanol import tariffs
25 March 2009A bipartisan group of US Senators has introduced a bill to lower tariffs on imported ethanol, a proposal that US ethanol supporters have fiercely resisted in the past.
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Shell to focus on biofuels, ditches wind and solar
19 March 2009Shell is backing away from investments in wind and solar power, as they don't fit with the oil giant's main business and the returns are unfavourable, executives said in a strategy meeting on Tuesday.
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Insurers push back on climate risk disclosure
19 March 2009Insurers operating in the US will be required to disclose the financial risks associated with climate change and the actions they are taking to mitigate those risks, following a ruling by insurance regulators.
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Electricity sector commits to 'carbon neutrality' by 2050
19 March 2009European electricity companies have pledged to become carbon neutral by 2050, by reducing their greenhouse gas emissions as far as possible and offsetting any unavoidable emissions.
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Obama rejects Lula's call for end to ethanol import tariff
18 March 2009US ethanol supporters have praised President Barack Obama for resisting pressure from Brazilian President Luiz Inácio Lula da Silva to eliminate the tariff on Brazilian ethanol imports.
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S&P, Trucost launch 'carbon efficient' stock index
12 March 2009Standard & Poor's has launched a 'carbon efficient' version of its benchmark US equity index, the S&P 500. The S&P US Carbon Efficient Index excludes the 100 most carbon-intensive components of the S&P 500, as calculated by environmental researchers Trucost, to come up with an index that has an average annual carbon footprint 48% lower than the S&P 500.
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Low-carbon economy worth £3 trillion – UK government
12 March 2009The global low-carbon and environmental sector was worth £3 trillion ($4.1 trillion) last year, according to research commissioned by the UK government.