-
Germany backs down on EU ETS
01 March 2007Germany has decided to accept the European Commission's ruling that it should lower its cap on carbon dioxide emissions for Phase II of the EU Emissions Trading Scheme.
-
Carbon fever grips Climate Exchange stock
01 March 2007Climate Exchange, the AIM-listed company behind the European Climate Exchange (ECX) and the Chicago Climate Exchange (CCX), was briefly valued at more than £510 million ($1 billion) in February, as its share price hit £12 – up from a listing price of £1.02 in 2003.
-
Hurricane trading to hit US exchanges
01 March 2007Reinsurance companies have a new way of transferring catastrophe (cat) risk to the capital markets, with the listing this month of futures and options contracts linked to hurricane intensity and property damage.
-
New climate risk reporting initiative launched
01 March 2007Some of the leading organisations promoting climate change-related corporate disclosure have come together in a new initiative that aims, ultimately, to see carbon firmly embedded within company report and accounts.
-
People moves this month
01 March 2007Fund – a fund-of-funds vehicle that will make sustainable investments in the global timber sector. The fund is aimed at institutional investors in the UK and northern Europe.
-
1.25 billion of "sustainability" VC raised – Eurosif
01 March 2007Around €1.25 billion of "venture capital for sustainability" has been raised by European venture capitalists (VCs) as of September 2006, according to a report from the European Social Investment Forum.
-
Global roundtable calls for mid-century carbon targets
01 March 2007The Global Roundtable on Climate Change (GROCC), involving 80 companies and institutions, has called on governments to put a price on carbon and set mid-century reduction targets.
-
Philips 'green' sales reach €4 billion
01 March 2007Royal Philips Electronics has reported €4 billion of sales last year of its 'green' products, such as energy efficient lighting and televisions.
-
FTSE4Good sets out climate criteria
01 March 2007Companies will have to meet a new set of climate change criteria or face expulsion from the FTSE4Good socially responsible investment (SRI) index family. Criteria include developing a climate change policy, emissions disclosure, and emissions reduction targets.
-
China struggles to boost energy efficiency
01 February 2007China is losing the battle to improve the poor energy efficiency of its factories and power stations – despite increasing official recognition that the country has paid an appalling environmental price for its dramatic economic growth.