News

• Renewable Energy Group IPO misses target

  19 January 2012

  Renewable Energy Group, the largest producer of biodiesel in the US, has raised $72 million in its initial public offering (IPO), only about two thirds of its target.

• Rio+20 draft offers 'bare bones' of green growth manifesto – HSBC

  19 January 2012

  This year's landmark Rio+20 conference could help underpin investor confidence in a shift to a more sustainable global economy – if elements in the recently released 'draft outcome' are developed, according to HSBC.

• Bank of England should monitor carbon risk

  19 January 2012

  The Bank of England should investigate how exposure to high-carbon industries puts the UK's financial stability and long-term growth at risk, says a coalition of investors, academics and environmental groups.

• Climate talks 'send important signals' to investors – Deutsche Bank

  19 January 2012

  Institutional investors should continue to track the progress of international climate talks, despite limited progress since Copenhagen in 2009, according to a leading analyst.

• Catastrophe fund to cover Thai insurance risks

  19 January 2012

  Thailand's insurance industry has devised a planned 50 billion bhat ($1.6 billion) natural catastrophe fund to provide coverage in the event of future disasters.

• Renewable energy fund raises $81m at first close

  19 January 2012

  A Latin American renewable energy fund is on the cusp of its first close, having attracted a $30 million loan from the Inter-American Development Bank (IDB).

• Strong growth in renewables not enough to constrain emissions – BP

  18 January 2012

  Renewable energy will grow almost four times faster than natural gas in the 20 years to 2030, but its share of the energy mix will remain small, according to BP, contributing to a 28% rise in greenhouse gas emissions.

• CDP, EDF receive Zayed Future Energy Prize

  18 January 2012

  The Carbon Disclosure Project and Environmental Defense Fund were among the organisations which shared the $3 million Zayed Future Energy Prize in Abu Dhabi yesterday.

• Camco sells UK advisory business for £4.5m

  17 January 2012

  Project developer Camco has sold its UK advisory arm for £4.5 million ($6.9 million), it announced on Monday, leading analysts to raise questions over the financial health of the company.

• Delay to CSAPR deadlines 'likely', say observers

  17 January 2012

  A delay to compliance deadlines is the most likely outcome following a US court decision suspending the Cross-State Air Pollution Rule (CSAPR), observers say, but they did not rule out either a restart later this year with minor revisions, a major revision and a consequent longer delay, or a complete invalidation.