News

• EU to press US on climate

  17 September 2009

  The US must show greater leadership on climate change and follow the example of Japan, which recently agreed to slash emissions by 25% by 2020, according to the Swedish EU presidency.

• $13 trillion backs investor call for climate action

  17 September 2009

  Investors managing $13 trillion in assets yesterday called for an international climate treaty to "catalyse massive global investments" in low-carbon technologies.

• China's green-tech market could reach $1 trillion by 2013 – report

  17 September 2009

  China's 'green technology' market has the potential to grow to $1 trillion and make up 15% of GDP by 2013, according to a report by the China Greentech Initiative.

• Leaf Clean Energy reaches $243m of investments

  16 September 2009

  Investment company Leaf Clean Energy said that it is now largely fully invested or committed to investing, with $243m in 11 businesses, including biofuel and biomass power companies.

• Impax launches Asian environmental fund

  10 September 2009

  UK-based investment manager Impax Asset Management is to list an investment trust focused on environmental companies in the Asia-Pacific region.

• France unveils carbon dioxide tax

  10 September 2009

  The French government will next year introduce a carbon tax of €17 ($25) per tonne of carbon dioxide (tCO2) emitted, President Nicholas Sarkozy announced today.

• EU reveals financing proposal for Copenhagen summit

  10 September 2009

  The EU is willing to pay an annual contribution of up to €15 billion ($22 billion) by 2020 to help developing countries fight climate change, according to a European Commission proposal.

• Clean-tech 'carnage not over' – Intel Capital

  10 September 2009

  Valuations for venture-stage clean-technology companies have further to fall, according to one of the heads of Intel Capital, who expects to invest less in the sector in 2009 than in either of the previous two years.

• IFC suspends funding for palm oil sector after critical review

  09 September 2009

  The World Bank's International Finance Corporation (IFC) has stopped investing in palm oil projects pending the development of a new strategy to address environmental and social practices associated with the material.

• US awards $500m in grants to renewables projects

  03 September 2009

  In a quicker than expected turnaround, the US government has awarded more than $500 million in grants to 12 renewable energy projects whose developers chose to receive cash payments rather than tax credits.