News

• Green makeover could turn RBS into GIB: report

  29 July 2010

  Royal Bank of Scotland (RBS) could be transformed into the Green Investment Bank (GIB) "to kick start a green economy" and help the UK meet its climate change targets, according to an NGO report.

• Investor confidence still elusive as UK updates energy policy?

  29 July 2010

  The UK renewables sector gave a mixed reaction to changes in the country's energy policy this week, with general applause for the spirit of the announcements, but concerns that many key decisions have been delayed.

• Fossil fuel subsidies 10x renewables support

  29 July 2010

  Worldwide renewable power and biofuels received $43 billion-46 billion in subsidies last year, only a fraction of the government subsidies for fossil fuels, according to preliminary figures from Bloomberg New Energy Finance (BNEF).

• Investors protest Vedanta's environmental record

  29 July 2010

  Growing concern over the environmental and social performance of UK-listed mining firm Vedanta Resources prompted some investors to abstain or oppose resolutions at the company's annual general meeting (AGM) in London this week.

• Renewables sector fights to resuscitate RES in Senate

  29 July 2010

  Renewable energy backers are fighting to overturn the surprising omission of a federal renewable electricity standard (RES) in the limited energy bill being debated by the US Senate, but the odds are against them.

• London report slams EU emissions trade infrastructure

  29 July 2010

  Europe's emissions trading infrastructure falls well short of best practice in financial markets, according to a report published this week.

• People moves

  23 July 2010

  The latest appointments at Jefferies, Osmosis, Evolution Markets, Aviva, HSBC, and more

• US faces water supply crisis: study

  22 July 2010

  A new study says climate change will take a "serious toll" on American water supplies in the coming decades, with the group behind the report calling on Congress to pass "meaningful legislation" to reduce global warming pollution.

• 2010 a record year for offshore wind: EWEA

  22 July 2010

  This year is set to be a record one for the offshore wind sector, says the European Wind Energy Association (EWEA), but a lack of financing is holding back the industry's growth.

• Environmental risk policy in the works at Royal Bank of Canada

  22 July 2010

  Royal Bank of Canada (RBC) is working on an environmental and social risk policy to cover its corporate banking operations, and hopes to be ready for implementation by November this year.