News

• EU banks mobilise €250m for climate change fund

  06 May 2010

  A group of European development banks are planning a €250 million ($320 million) facility to catalyse investment in private-sector projects in the developing world which address climate change.

• Earth Capital Partners launches sustainable timber fund

  06 May 2010

  ECP is aiming to attract $300 million into a fund investing in Latin American forestry and biomass.

• Cape Wind opponents take to courts

  06 May 2010

  Financing the first offshore wind farm in the US should be easier now that it has won a federal permit, the developer believes, but the project still faces legal challenges.

• US clean energy stimulus cash almost fully allocated

  06 May 2010

  The US Department of Energy (DOE) has committed nearly 90% of the cash it received from last year's economic stimulus package to a vast array of clean energy projects.

• US emissions markets face terminal decline without legislation – EMA

  06 May 2010

  The US pollution markets may not recover if Congress does not adopt a legislative fix for the embattled Clean Air Interstate Rule (CAIR) programme, according to the Environmental Markets Association (EMA).

• Leaked EC paper reveals €81bn cost of 30% target

  06 May 2010

  Increasing the EU's 2020 emissions reduction target to 30% below 1990 levels would add an extra €33 billion ($42.5 billion), or 0.2% of GDP, to the final bill, according to draft European Commission proposals.

• ICE makes £395m bid for Climate Exchange

  30 April 2010

  IntercontinentalExchange (ICE) has made a cash offer for Climate Exchange which values the firm at around £395 million ($603 million), prompting a 57% jump in the carbon exchange's share price to a high of £7.50, from yesterday's close of £4.78.

• US green lights $1bn offshore wind farm

  29 April 2010

  In a major boost for US offshore wind energy development, federal regulators have approved the country's first project, a controversial $1 billion wind farm off the coast of Massachusetts.

• Bank sustainability policies scored, found wanting

  29 April 2010

  The number of bank policies on sustainability issues has increased, but most fail to score as "adequate", let alone good, according to a report by NGO BankTrack.

• Rabobank eyes €1.5bn for renewables debt fund

  29 April 2010

  Rabobank is aiming to raise €1.5 billion ($2 billion) into a debt fund that will co-invest alongside the Dutch bank in renewable energy generation projects in Europe and Scandinavia.