News

• Congress lashes out at EPA over GHGs

  01 May 2009

  Several US federal legislators have used hearings on a draft energy and climate change bill to criticise the Environmental Protection Agency (EPA) for a proposed endangerment finding issued last month, which puts the EPA one step closer to regulating carbon dioxide (CO2) emissions.

• Curzon Park acquires £20m VC fund

  01 May 2009

  UK venture capital (VC) firm Curzon Park Capital has taken over management of a £20 million fund that invests in clean-tech companies.

• Inputs sought for 'Stern review' of nature

  01 May 2009

  A major study on the economic importance of nature is seeking business inputs.

• EPA sees CAIR replacement in two years

  30 April 2009

  The Environmental Protection Agency (EPA) hopes to have an emissions control programme to replace the rejected Clean Air Interstate Rule (CAIR) established in two years, according to a top EPA official.

• SEB sees more demand for World Bank climate bonds

  30 April 2009

  A third World Bank climate bond issue is in the wings, Environmental Finance has learned from the Swedish bank that has placed the previous two issues. And European investors are planning to buy further bonds once the currently high costs of swapping dollars with euros have fallen, according to Christopher Flensborg, a coordinator in SEB's capital markets team.

• HSBC hits €117m for 1st close of green infrastructure fund

  30 April 2009

  HSBC has raised €117 million ($156 million) of a targeted €500 million into its Environmental Infrastructure Fund.

• First Wind scores financing for major Utah project

  30 April 2009

  Californian wind farm developer First Wind has secured $376 million to finance the first phase of a 203.5MW wind farm in Utah, involving a syndicate of nine banks.

• Commission slams 'patchy progress' on EU renewables goals

  30 April 2009

  The EU is unlikely to meet renewable energy targets set for 2010, according to a report by the European Commission, which forecasts renewables will make up 19% of the bloc's electricity supply and 4% of the transport fuels by next year.

• IFC to invest in growth-stage clean-tech firms

  30 April 2009

  The International Finance Corporation (IFC) is to begin lending to growth-stage clean technology companies as part of its efforts to promote environmentally sustainable businesses in developing economies.

• Clean-tech angel investors launch 'network of networks'

  30 April 2009

  Three angel investors have launched a 'network of networks' aimed at boosting the profile of very early-stage investment in clean-tech firms.