News

• World Bank approves controversial South Africa coal loan

  15 April 2010

  The World Bank last week approved a multi-billion dollar loan to build the 4,800MW Medupi coal-fired power station, in the face of sharp criticism from environmental groups.

• Impax launches second Asia-themed equity fund

  15 April 2010

  Impax Asset Management has launched an open-ended version of its Asia-focused environmental equities fund.

• REC suppliers shrug off Pepsi's renewables shift

  15 April 2010

  The two suppliers of renewable energy credits (RECs) to PepsiCo – the third largest buyer of RECs in the US last year – have downplayed the beverage giant's announcement that it is to cease buying the credits in favour of investing in its own renewable energy assets.

• Renewables to get 'peanuts' from EU ETS – MEP

  08 April 2010

  Renewable energy projects are set to receive "peanuts" from the planned sale of 300 million carbon allowances from the EU Emissions Trading Scheme (ETS), with the vast majority of proceeds likely to fund carbon capture and storage (CCS) projects, according to Green Member of the European Parliament (MEP) Claude Turmes.

• Green products account for one-third of Philips' sales

  08 April 2010

  'Green' products generated €7.1 billion ($9.4 billion), or 31% of total sales, for Dutch electronics giant Philips last year.

• CDP queries firms on water risk for first time

  08 April 2010

  The Carbon Disclosure Project (CDP) is expanding its remit from carbon emissions to water, for the first time asking companies to voluntarily report on water use and exposure to water stress.

• Oil, gas sectors fight US renewable fuels deadlines

  08 April 2010

  Oil and gas industry associations have launched legal challenges to deadlines imposed by the US Environmental Protection Agency (EPA) to blend renewable fuels into the country's fuel supply.

• World Bank votes on contentious $3.75bn African coal loan

  08 April 2010

  The World Bank will vote this evening on a controversial $3.75 billion loan application to build a massive supercritical coal-fired power station in South Africa.

• Smart grid firm raises $165m in private equity

  08 April 2010

  Metering company Landis+Gyr has raised $165 million from investors to finance growth of its smart metering business, ahead of a potential initial public offering (IPO).

• EU emissions data shows 11% drop in 2009

  01 April 2010

  Analysis of the data for 2009 from the EU Emissions Trading Scheme (ETS) suggests that EU emissions fell by 11% last year compared with 2008, in line with expectations and prompting a small burst of buying as speculators, who had sold EU allowances (EUAs) in betting on a bigger drop, moved to cover short positions.