News

• Funds launch to support UK community quest for renewables

  23 March 2011

  Two funds are to lend money to local community groups in the UK seeking to become green power generators.

• London seeks climate glory, launches £70m green waste fund

  22 March 2011

  London should compete to become a world leader of the low-carbon economy, the city's mayor urged yesterday, as he announced the selection of the first manager for the long-anticipated London Green Fund and an additional £35 million ($57 million) in funding.

• Water makes business risky in Middle East, North Africa

  22 March 2011

  Businesses in 18 countries face "extreme" risks from water shortages, with water stress concentrated in the Middle East and North Africa, according to risk analysis firm Maplecroft.

• Norwegian pension fund more than triples investment in green assets

  22 March 2011

  Norway's Government Pension Fund Global has more than tripled its green-themed assets under management to NOK25.7 billion ($4.6 billion) in one year.

• Plan to slash UK solar tariff will 'stall' sector

  18 March 2011

  Deep cuts to the feed-in tariffs (FITs) that solar photovoltaic (PV) installations can earn in the UK were proposed today by the Department of Energy and Climate Change (DECC).

• Green bonds to help Chicago meet goals?

  18 March 2011

  The City of Chicago is inviting proposals to develop a green bond programme, with transparent market standards and a potential demonstration project, to attract institutional investment for its energy efficiency and renewables goals.

• Juno Mother Earth hedge fund founders sued by SEC

  17 March 2011

  Two founders of a clean energy hedge fund are being sued by the US Securities and Exchange Commission for allegedly defrauding clients and "failing to comply with fiduciary obligations".

• Nikko raises £400m into World Bank green bond funds

  17 March 2011

  Nikko Asset Management has raised £400 million ($646 million) into funds that invest in 'green' bonds issued by the World Bank.

• 'No excuses' for weather affecting profits, says UK insurance broker

  17 March 2011

  A UK firm has begun offering insurance that will compensate companies for when the wrong kind of weather hits.

• Water a more immediate risk to companies than carbon - analysts

  17 March 2011

  Water risks present more of an immediate challenge to global corporations than carbon, but awareness about water issues among investors and companies is lower, experts said.