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Bush mercury rules go up in smoke
01 March 2008A US court has struck down Environmental Protection Agency (EPA) plans to introduce a cap-and-trade scheme for mercury pollution from power plants.
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ADB safeguard policy review under fire
01 March 2008The Asian Development Bank (ADB) is under pressure over plans to change the environmental and social standards projects must fulfil to receive a loan, after at least two NGOs quit the consultation process in protest.
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Carbon project pioneer applies for court protection
01 March 2008Dublin-based carbon project developer AgCert has applied to the Irish courts for protection from its creditors, under a process called 'examinership'.
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US carbon market could hit $1 trillion by 2020
01 March 2008The value of the US carbon market could reach $1 trillion in 2020, if the US closes the door to cheap international credits, says New Carbon Finance (NCF). Such a move would raise carbon prices to $40/tonne of carbon dioxide (CO2), adding 20% to power prices, 10% to the cost of natural gas and 12% to petrol prices at the pump.
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EDP plans renewables spin-off
01 March 2008Energias de Portugal (EDP) has announced plans to float around 25% of its renewable energy unit, despite the current unfavourable market conditions. However, analysts say the Portuguese utility is nonetheless likely to be able to pull off the deal.
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Investors sign up to $10bn climate action plan
01 March 2008Almost 50 institutional investors signed up to a 'climate risk action plan' last week, which includes a promise to plough $10 billion into clean technology within two years.
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SAM doubles AUM in 07
01 March 2008Sustainable Asset Management (SAM) has increased its assets under management to Sfr8.5 billion ($8.1 billion) in its 2007 financial year, an increase of 125% on the previous year. Including the assets on which it advises, the figure is Sfr15 billion.
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Germanic SRI assets leap 90%
01 March 2008The assets managed by sustainable investment funds in Germany, Austria and Switzerland grew by 90% in 2007, reaching €34 billion ($51.7 billion) according to the Sustainable Business Institute (SBI), based in Oestrich-Winkel, Germany. The number of funds also grew, from 137 in 2006 to 181 by the end of last year.
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Indonesia eyes 100Mt of REDD credits
01 March 2008US investment bank Merrill Lynch has joined an Indonesian-based avoided deforestation project which is expected to generate 100 million tonnes of voluntary emission reductions (VERs) over 30 years.
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CERA sees $7 trillion for clean energy
01 March 2008Cumulative clean energy investment could surpass $7 trillion by 2030, according to a study from Cambridge Energy Research Associates (CERA).