News

• Merrill hires leading sustainability analysts

  20 May 2010

  Bank of America-Merrill Lynch (BoAML) has hired two leading sustainability analysts, in further evidence of resurgent interest among sell-side brokers in offering responsible investment research.

• Global Environmental Facility pledges $250 million for forest finance

  20 May 2010

  The Global Environmental Facility (GEF) has announced a funding envelope of $250 million for sustainable forestry management (SFM) initiatives, including a focus on using forests for climate change mitigation.

• Better chance for renewables support outside Kerry-Lieberman - analyst

  20 May 2010

  Hopes that a Senate energy and climate proposal might extend the US' successful grant programme for renewable energy have been dashed – but analysts suggest an extension may be more likely if separated from the controversial proposal.

• EEA exits management of Leaf Clean Energy

  20 May 2010

  Leaf Clean Energy, a London-listed clean technology fund, is to split from its investment advisor EEA Fund Management, following its failure to merge with Trading Emissions.

• Green aura of UK coalition welcomed

  13 May 2010

  As the UK's Conservative-Liberal Democrat coalition government met for its first Cabinet meeting today, observers welcomed the commitment of both parties to a low-carbon economy.

• EU ready to sign a deal in Cancún – Hedegaard (from Carbon Finance)

  13 May 2010

  The EU will be ready to sign a post-2012 international climate change deal this year, said Europe's climate action commissioner Connie Hedegaard yesterday.

• EcoSecurities founder returns with Amazon investment firm

  13 May 2010

  Pedro Moura Costa, co-founder of emissions reduction project developer EcoSecurities, has launched an investment company that will finance sustainable businesses in the Amazon.

• Environmental markets at centre of Chesapeake clean-up plan

  13 May 2010

  In a ground-breaking initiative that could trigger a new era in ecosystem markets, the Obama administration issued an executive order yesterday to protect and restore the Chesapeake Bay, the US's largest and most polluted watershed.

• World missed 2010 targets for reducing biodiversity loss

  13 May 2010

  The world has failed to meet its 2010 target for a significant reduction in the rate of biodiversity loss, according to the Convention on Biological Diversity (CBD).

• India's weather risk market 'poised for growth' – WRMA

  13 May 2010

  India's weather risk management industry could grow to a notional value of $2.35 billion over the next two-to-three years, according to an industry association survey.