News

• Triodos raising €90m to double sustainable lending

  01 November 2009

  Triodos Bank is seeking €90 million ($133 million) in fresh capital to double its loan portfolio, as it reports "unprecedented interest" in its approach to banking after the financial crisis.

• Flurry of deal-making hits solar sector

  01 November 2009

  Chinese solar thin-film manufacturer Trony Solar Holdings could raise up to $200 million through a listing on the New York Stock Exchange (NYSE), the latest in a cluster of solar deals to emerge in recent weeks.

• SEC guidance to ease climate change resolutions

  01 November 2009

  Investors will now find it easier to demand climate change disclosures from US-listed companies, following a Securities and Exchange Commission (SEC) decision on 27 October.

• German coalition steers away from solar tariff cuts

  01 November 2009

  The recently elected German coalition government has dropped plans for major cuts to solar photovoltaic (PV) feed-in tariffs.

• UK Treasury wins first round of RBS environment case

  01 November 2009

  A High Court judge has quashed an attempt by three NGOs to force the UK government to apply stricter environmental and social criteria to investments made by RBS, one of the banks nationalised during the credit crunch.

• Funds digest

  01 November 2009

  Robeco raising third clean-tech fund; Impax clears £100m for Asia environment fund; Leadenhall launches $100m cat risk funds; EIB seeks managers for sustainable energy fund; US non-profits launch energy efficiency fund

• Climate Change Capital pulls out of listed equities

  01 November 2009

  Investment manager Climate Change Capital (CCC) is pulling out of listed equities, after its loss-making unit failed to perform as well as expected.

• World Bank arranges $290m Mexico cat bond

  01 November 2009

  Mexico has sold a $290 million catastrophe (cat) bond to investors, becoming the first country to use the 'Multicat' framework developed by the World Bank.

• Aviva calls for CDP to launch 'Carbon Mitigation Project'

  01 November 2009

  The chairman of financial services group Aviva has called for the Carbon Disclosure Project (CDP) to move from disclosure to mitigation – a proposal which was enthusiastically met by the CDP's chairman and CEO.

• VAT clampdown leads to carbon market's first quarterly drop

  01 November 2009

  Both the value and the volume of carbon trading fell between the second and third quarters this year, under the twin effects of recession and a clamp-down on value-added tax (VAT) fraud.