News

• Leaked EC paper reveals €81bn cost of 30% target

  06 May 2010

  Increasing the EU's 2020 emissions reduction target to 30% below 1990 levels would add an extra €33 billion ($42.5 billion), or 0.2% of GDP, to the final bill, according to draft European Commission proposals.

• ICE makes £395m bid for Climate Exchange

  30 April 2010

  IntercontinentalExchange (ICE) has made a cash offer for Climate Exchange which values the firm at around £395 million ($603 million), prompting a 57% jump in the carbon exchange's share price to a high of £7.50, from yesterday's close of £4.78.

• US green lights $1bn offshore wind farm

  29 April 2010

  In a major boost for US offshore wind energy development, federal regulators have approved the country's first project, a controversial $1 billion wind farm off the coast of Massachusetts.

• Bank sustainability policies scored, found wanting

  29 April 2010

  The number of bank policies on sustainability issues has increased, but most fail to score as "adequate", let alone good, according to a report by NGO BankTrack.

• Rabobank eyes €1.5bn for renewables debt fund

  29 April 2010

  Rabobank is aiming to raise €1.5 billion ($2 billion) into a debt fund that will co-invest alongside the Dutch bank in renewable energy generation projects in Europe and Scandinavia.

• Experts anticipate role for markets in CAIR's return

  29 April 2010

  Emissions market experts remain hopeful that the US Environmental Protection Agency (EPA) will preserve some element of trading in a revamped Clean Air Interstate Rule (CAIR) programme, due out in the coming weeks.

• Codexis IPOs, second biofuels firm to follow

  29 April 2010

  US advanced biofuels firm Codexis raised $78 million last week when it floated on Nasdaq – below its target of $100 million.

• Senate climate collapse opens door for renewables push

  29 April 2010

  The stunning collapse of a US Senate proposal to regulate greenhouse gases will provide fresh momentum for the adoption of an energy-only bill centred on a national renewable electricity standard (RES), market experts said.

• Investors, companies speaking different languages on ESG issues

  29 April 2010

  Industry sectors need to agree standardised environmental, social and governance (ESG) metrics as a vital first step in addressing "communication gaps" between investors and companies on ESG issues, according to a UN report.

• ICJ rules on Botnia mill fracas

  22 April 2010

  The International Court of Justice (ICJ) has ruled Uruguay did breach its treaty obligations when it approved the Botnia pulp mill on the bank of the country's shared river with Argentina, but it stopped short of calling for financial restitution or the mill's removal.