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Bank of England warns insurers on potential losses from stranded assets
30 September 2015The transition to a low-carbon economy could inflict heavy losses on insurers, as a result of potential shifts in asset prices, Mark Carney, governor of the Bank of England, has warned.
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Joule Assets signs insurance deal to support energy saving projects
30 September 2015Joule Assets, a US company which specialises in financing energy efficiency projects, can now offer insurance against projects failing to deliver the expected savings, thanks to an agreement it has reached with US insurer Hartford Steam Boiler (HSB).
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SkyPower pledges $4.4 billion for solar projects in Kenya
29 September 2015Canadian solar energy developer SkyPower has pledged to double its existing commitment to invest in solar projects in Kenya from $2.2 billion to $4.4 billion.
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Denham Capital invests in Spain's Jenner Renewables
29 September 2015Private equity firm Denham Capital has made an investment in Madrid-based clean energy producer Jenner Renewables. The size of the investment has not been disclosed.
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Abengoa considers complete sale of yieldco
28 September 2015Heavily indebted energy company Abengoa is considering the possible sale of its 49% stake in its yieldco Abengoa Yield.
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CTX hires carbon markets pioneer Michael Walsh
16 September 2015Michael Walsh, co-founder of the pioneering Chicago Climate Exchange, has been appointed managing director, public policy & research, at the Carbon Trade Exchange.
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Electricity companies call on UN to promote carbon trading
16 September 2015Negotiators in the forthcoming UN climate change meeting in Paris (COP 21) are being urged by power companies to encourage the use of carbon trading in the international action plan they are working towards.
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Carbon prices reach new high in RGGI market
16 September 2015Emission allowances in the Regional Greenhouse Gas Initiative (RGGI) reached a record clearing price of $6.02 in the latest quarterly auction.
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Renewables companies hail California's revised 2030 target
14 September 2015US wind and solar energy companies have welcomed Californian legislation that aims to ensure that 50% of the state's electricity comes from renewable sources by 2030, up from the current goal of 33%.
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ISS to offer RepRisk analytics to asset owners and other investors
09 September 2015RepRisk, a provider of data and tools for analysing environmental, social and governance (ESG) risks, has formed a partnership with Institutional Shareholder Services (ISS).