-
IFC suspends funding for palm oil sector after critical review
09 September 2009The World Bank's International Finance Corporation (IFC) has stopped investing in palm oil projects pending the development of a new strategy to address environmental and social practices associated with the material.
-
US awards $500m in grants to renewables projects
03 September 2009In a quicker than expected turnaround, the US government has awarded more than $500 million in grants to 12 renewable energy projects whose developers chose to receive cash payments rather than tax credits.
-
Indian Energy IPO limps over the line
03 September 2009The first clean-technology company to seek a stock market listing in London since the financial crisis began trading yesterday – but with just £9.75 million ($15.75 million) raised, down from the £25 million hoped for by Indian Energy's brokers.
-
Khosla raises more than $1b into clean-tech funds
03 September 2009Venture capital (VC) firm Khosla Ventures has closed two funds investing in clean technology (clean-tech) and information technology with more than $1 billion.
-
Biopetrol sees turnover halve and warns of more cheap imports
02 September 2009Turnover of the Switzerland-based biodiesel producer Biopetrol Industries dropped by half in the first half of this year compared with a year before, to €69.7m ($99.5m) from €139.8m, while the net loss increased to €12.3m from €7.1m.
-
Better oversight
01 September 2009In mid-August, more than 100 UK police swooped on a number of addresses in and around London on behalf of Her Majesty's Revenue & Customs (HMRC). Nine people were arrested on suspicion of involvement in a £38 million ($62 million) carousel fraud, involving carbon allowances in the EU Emissions Trading Scheme (ETS).
-
People moves this month
01 September 2009Comings and goings in Environmental Finance this month
-
Energy efficiency offers $680 billion boost – McKinsey
01 September 2009Energy efficiency measures could offer net savings of $680 billion to the US economy by 2020, according to a study by consultancy McKinsey & Co.
-
UK wind set for £1bn financing
01 September 2009In a bid to re-start UK onshore wind development after the credit crunch, the government, the European Investment Bank (EIB) and three commercial banks are planning a £1 billion ($1.65 billion) three-year financing programme.
-
Mercer to study green investments for hedge fund giant
01 September 2009Leading hedge fund GLG Partners has asked consulting group Mercer to conduct a study into how the perceived need to tackle climate change and other environmental issues is impacting mainstream investing.