News

  • Vattenfall unveils SEK5.6bn switch to biomass fuel

    11 February 2009

    Swedish utility Vattenfall is to spend SEK5.6bn ($670m) to convert two of its three Danish combined heat and power plants to run on biomass as well as coal, as part of a SEK82bn programme to reduce emissions in the Nordic region.

  • CME to launch Australian weather contracts, quanto structures

    05 February 2009

    The Chicago Mercantile Exchange (CME) is to list temperature-based weather contracts for the Australian cities of Melbourne, Sydney and Brisbane.

  • Co-op Bank rejects £1 billion on ethical grounds

    05 February 2009

    The Co-operative Bank has turned down more than £1 billion ($1.5 billion) of "unethical" business since 1992, it announced this week, as it launched the fifth update of the standards organisations must meet to open accounts or receive loans and financing.

  • Kellogg sets environmental targets in first CR report

    05 February 2009

    Cereal and convenience food giant Kellogg Company has published its first global corporate responsibility (CR) report, setting targets to reduce its environmental and social impacts.

  • Congressmen table US renewables target

    05 February 2009

    Clean energy advocates have renewed hopes that a US federal renewable electricity standard (RES) will be enacted with the introduction of a Congressional bill that matches the goals of President Barack Obama.

  • Australian government and states clash on insulation

    05 February 2009

    The Australian government yesterday unveiled a A$2.6 billion (US$1.7 billion) scheme designed to ensure all owner-occupied homes have ceiling insulation and flagged a major extension of a subsidy scheme for landlords who install insulation in their rental properties.

  • Climate protestors threaten to shut down London's carbon market

    05 February 2009

    After attracting thousands of climate protestors to the Kingsnorth power station and Heathrow airport, the Camp for Climate Action has turned its sights on leading carbon trading platform, the European Climate Exchange (ECX).

  • Further failures in US ethanol sector

    04 February 2009

    US ethanol producers continue to fall victim to the economic crisis with two more companies filing for bankruptcy protection.

  • Export credit agencies force Ilisu suspension

    01 February 2009

    The German, Swiss and Austrian export credit agencies (ECAs) have suspended guarantees for the controversial Ilisu dam project in Turkey.

  • CAIR reinstatement revives emissions markets

    01 February 2009

    US emission markets were brought back to life after judges agreed to a limited reprieve of the Clean Air Interstate Rule (CAIR). Allowance prices jumped as speculators and utilities entered the market, but bearish fundamentals have since brought them back down to earth.