News

• EPA analysis 'calms fears' on carbon costs, while Obama calls for action (from Carbon Finance)

  17 June 2010

  US President Barack Obama made the case for a comprehensive energy and climate bill in a televised primetime national address on Tuesday, hours after an eagerly-awaited analysis showed that a recent Senate proposal would result in US carbon prices virtually identical to projected prices under legislation passed by the House of Representatives last year, despite major differences in the two approaches.

• Senators bid to maintain US renewables grants

  17 June 2010

  A bipartisan group of US Senators is moving to extend a successful grant programme for renewable energy projects for another two years.

• Biodiversity panel highlights need for business strategy

  17 June 2010

  Plans to establish an international panel to assess the impact of biodiversity loss will shed light on the risks – and opportunities – for business, experts said.

• Tesla boosts IPO target to $185m

  17 June 2010

  Electric car manufacturer Tesla Motors is hoping to raise up to $185 million in its IPO on Nasdaq – up from the $100 million flagged back in January.

• HAPs regulation even more of a threat than carbon to SO2, NOx prices – ICF

  17 June 2010

  US carbon legislation would reduce the value of sulphur dioxide and nitrogen oxides allowances, even if those markets survive a court-mandated revamp, according to ICF International.

• Timing, valuation scupper Goldwind float – investors

  17 June 2010

  Choppy markets and an overly aggressive valuation sunk the planned flotation of Chinese wind turbine maker Goldwind, said investors – but the fundamental strength of the company could see it try and reboot its Hong Kong listing later this year, they said.

• CDC Climat details proposed Mediterranean Carbon Fund

  17 June 2010

  A proposed new carbon fund to invest in projects that reduce emissions after 2012 along the southern and eastern coasts of the Mediterranean sea is expected to be launched next year and could reach €200 million ($246 million), says CDC Climat.

• Russell and RepuTex to launch carbon-risk equity indexes

  17 June 2010

  Russell Investments is collaborating with climate risk analysis firm RepuTex to develop an environmental index series.

• US legislators move to fix emissions markets

  10 June 2010

  Backers of legislation to revamp the troubled sulphur dioxide (SO2) and nitrogen oxides (NOx) markets are prepared to proceed with their bill independently starting this month, but are open to combining it with a proposal for a federal programme to cap greenhouse gas emissions.

• Winners announced in Environmental Finance Investment Research Survey

  10 June 2010

  The winners have been unveiled in Environmental Finance's inaugural survey of environmentally-themed investment research.