News

• Dreyfus to use DJSI index for mutual fund

  01 February 2009

  Dreyfus, part of BNY Mellon Asset Management, has launched its Global Sustainability Fund, claiming it is the first US mutual fund invested in stocks picked from the Dow Jones Sustainability World Index (DJSI World).

• Wall Street cautious on Obama's green new deal

  01 February 2009

  President Barack Obama's pledges to ramp up clean energy generation in the US and stimulus packages proposed by the House of Representatives and Senate have provided encouragement to the renewable energy lobby – but investors remain to be convinced that renewable energy stocks will see much short-term benefit.

• GE and Epuron launch $250m Asia renewables fund

  01 February 2009

  Epuron and GE Energy Financial Services have launched a renewable energy fund focused on the Asia-Pacific region.

• USDA office to promote ecosystem markets

  01 February 2009

  The US Department of Agriculture (USDA) has set up an office to streamline information about ecosystems services and foster the growth of these markets.

• Stimulus packages to direct $432bn to environment

  01 February 2009

  Governments have earmarked $432 billion to boost environmental infrastructure and technologies as they attempt to ward off economic meltdown, according to research from HSBC.

• California car emissions waiver back in play

  01 February 2009

  In the first days of his presidency, Barack Obama instructed the Environmental Protection Agency (EPA) to revisit its decision to refuse California a waiver to the Clean Air Act, which would have allowed it to set greenhouse gas emissions standards for new vehicles.

• Mixed outlook for clean-tech VC in '09 Mixed outlook for clean-tech VC in '09 Mixed outlook for clean-tech VC in '09 Mixed outlook for clean-tech VC in '09

  01 February 2009

  Clean-tech companies are set to escape a predicted slow-down in venture capital funding in 2009, according to a survey by the US National Venture Capital Association (NVCA). But the Cleantech Group – a US-based analysis company – is predicting a drop in investments from a record $8.4 billion in 2008 to $7 billion in 2009 as a result of the economic downturn.

• Catastrophes hit hard in 2008

  01 February 2009

  Natural and man-made catastrophes killed at least 220,000 people in 2008, and caused more than $200 billion in damages, making it one of the worst years on record in economic terms.

• Collapsing carbon price bodes ill for emissions, CDM

  01 February 2009

  The slump in carbon prices as Europe's economy cools will delay investment in emission reductions, and is threatening Clean Development Mechanism (CDM) projects across the developing world, analysts say.

• Carbon market volumes up 80%

  01 February 2009

  The carbon market was worth more than $100 billion last year, up more than 80% year-on-year, according to analysts New Carbon Finance (NCF) and Point Carbon. But the growth rate this year is set to be slower, with London-based NCF predicting that the market's value will be $150 billion in 2009, up just 27% on 2008.