News

  • UK politician to push for decarbonisation target in Energy Bill

    18 December 2012

    A leading Conservative politician is to propose an amendment to the UK's Energy Bill to mandate a 2030 decarbonisation target for the power sector.

  • No CCS project likely to be funded in first wave of NER300

    17 December 2012

    The European Commission (EC) is set to give the go-ahead for €1.5 billion ($1.9 billion) of funding through its NER300 programme tomorrow, but is unlikely to lead to any carbon capture and storage (CCS) projects being commissioned, Environmental Finance has learned.

  • NGOs file lawsuit over $3bn Ex-Im loan to LNG project

    17 December 2012

    Three conservation groups have filed a lawsuit challenging the US Export-Import Bank's loan to a liquefied natural gas (LNG) facility in Australia's Great Barrier Reef, claiming the project damages marine life.

  • Dominion buys biggest fuel cell power project in North America

    17 December 2012

    The biggest fuel cell power project in North America has been bought by energy giant Dominion Resources in a deal reportedly worth $125 million.

  • CCC meeting shows support for 'backloading' in doubt – analysts

    14 December 2012

    Plans to boost EU carbon prices reportedly suffered a further set-back yesterday after several countries refused to say whether they would support the initiative.

  • Cat bond market primed for expansion

    14 December 2012

    Stable pricing of catastrophe (cat) bonds and the development of cat models should mean a wider range of perils and regions is covered in future, according to Swiss Re.

  • Sustainability ratings principles to be unveiled next year

    14 December 2012

    Ceres and the Tellus Institute are to unveil the principles underpinning their Global Initiative for Sustainability Ratings (GISR) by the middle of next year, in an effort to create a benchmark against which the profusion of corporate sustainability ratings can be judged.

  • New financial model needed to tackle climate change - Prince Charles

    14 December 2012

    Current accounting methods are failing to enable businesses to adequately tackle climate change and need to be replaced with a new system that values the earth's natural capital, Prince Charles warned a meeting of business leaders.

  • AWEA proposes six-year phase out of renewables incentive

    14 December 2012

    The American Wind Energy Association (AWEA) has proposed a six-year phase-out of the industry's crucial production tax credit (PTC), which is dangerously close to expiration.

  • SolarCity shares jump 40% after IPO

    13 December 2012

    SolarCity has seen its shares leap in early trading, after its underwriters slashed the price per share ahead of today's initial public offering (IPO).