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NGEN II raises $180 million
01 November 2006Clean technology venture capital (VC) firm NGEN partners has closed its second fund, NGEN II, at $180 million. The fund will invest in "companies that utilise clean and sustainable technologies that are primarily enabled by advances in material science," the California-based VC said.
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Goldman Sachs buys into Climate Exchange
01 November 2006Investment bank Goldman Sachs has paid £12.2 million ($22.7 million) for a 10.1% stake in Climate Exchange Plc, the AIM-listed company behind the European Climate Exchange (ECX) and the Chicago Climate Exchange (CCX).
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France unveils 'pact' to save energy
01 November 2006French Prime Minister Dominique de Villepin has unveiled a "national pact for the environment" aimed at encouraging businesses and individuals to invest in energy-saving projects.
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Commission warns on NAPs
01 November 2006The European Commission has sent warning letters to eight member states that have failed to submit their national allocation plans (NAPs) for Phase II of the EU Emissions Trading Scheme (ETS).
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China turns to biofuels
01 November 2006With soaring energy demand, and rising oil prices, China is desperate for alternative sources of supply – and is embarking on a push into biofuels. Michael Rank reports
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The trillion-dollar market
01 November 2006Last month, a study sponsored by energy giant Shell suggested that "concerted international action to avert climate change could create a global market worth $1 trillion in the first five years alone".
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Don't discount the developing world
01 November 2006Emerging markets offer more opportunities for socially responsible investors than many believe, says David Tozer
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Contracting for a unified RECs market
01 November 2006Jeremy Weinstein reviews progress made, and the challenges faced, in drafting a standard contract for trading renewable energy certificates
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Integration or bust
01 November 2006How can companies better communicate environmental, social and governance issues to the financial markets – and will the markets take them into account? Mark Nicholls reports from Zurich on an effort to answer those questions
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Talking each other's language
01 November 2006Developing a low-carbon economy will require a degree of communication between the private sector and government that is simply not yet happening, says John Ashton