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Germany challenges Commission over EU ETS
01 October 2008Pressure is building to give European industry an easier ride in the third phase of the EU Emissions Trading Scheme (ETS). Germany is challenging Commission proposals to slash the free allocation of allowances, while an influential European parliamentary committee has called for greater use of overseas carbon credits.
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People moves this month
01 October 2008RETO RINGGER is to leave Sustainable Asset Management, the Swiss sustainable investment advisory firm he founded 1995, to "pursue new opportunities in the field of sustainability". He will resign as CEO in February 2009 and a successor will be announced in due course, the company said. A profile of Ringger appears on page 28 of this issue.
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IFC and GRI to promote emerging markets reporting
01 October 2008The World Bank's private sector arm and the Global Reporting Initiative (GRI) have launched a project to encourage sustainability reporting in emerging markets.
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SAM names sustainability leaders
01 October 2008Sustainable Asset Management (SAM) has given Yvon Chouinard, co-founder of outdoor clothing and gear firm Patagonia, its annual sustainability leadership award. Hunter Lovins, founder and president of Natural Capitalism, and co-founder of the Rocky Mountain Institute, was recognised with its sustainability pioneer award.
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EU ETS may cost airlines €3 billion a year
01 October 2008Airlines could be landed with a bill of €3 billion ($4.2 billion) a year once they are included in the EU's Emissions Trading Scheme (ETS), according to a report by Merrill Lynch.
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Beyond CAIRing?
01 September 2008The US courts have shattered the programme to control power plant SO2 and NOx pollution via emissions trading. Plans are under way for a quick fix, but massive uncertainties lie ahead, reports Christopher Cundy
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If they must meddle…
01 September 2008Government intervention to ensure environmental outcomes is often misjudged and market-distorting. But if they must intervene, clean-tech investor Richard MacKellar suggests how
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Peering through the smoke
01 September 2008It's no way to run an environmental market. It's no way to run any kind of market. Since July, the US markets for sulphur dioxide (SO2) and nitrogen oxide (NOx) allowances have been in crisis, following an unexpected judicial decision that threw out pretty much the entire underpinning of the Environmental Protection Agency (EPA) strategy on the two pollutants.
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Feeling the cold?
01 September 2008One year on, and the banking sector's recovery from the credit crunch seems no closer. So what does this mean for their emerging environmental markets businesses? Tricia Holly Davis reports
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More action than meets the eye?
01 September 2008India's recently unveiled climate change action plan disappointed many foreign observers. But, say Bishal Thapa and Ritika Goel, they should look again