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People moves this month
01 July 2007Two leading figures in the carbon markets have moved to US investment banks, signalling growing US interest in the effort to tackle climate change.
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Kenmar links with ABN Amro on fund of funds
01 July 2007Kenmar of Rye Brook, New York, has launched a hedge fund to invest primarily in environmental hedge funds. The Kenmar Global ECO Fund SPC has attracted an initial $25 million investment from Dutch bank ABN Amro and the two organisations will collaborate in marketing the open-ended fund to other institutional investors. Kenmar is targeting a "mid-teens" return, according to co-CEO Ken Shewer.
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Citi tops SRI research survey
01 July 2007Citi Investment Research has retained its position as leading brokerage firm for socially responsible investment (SRI) research and for long-term thematic research, in a survey of European buy-side and sell-side firms.
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HSBC to spend $90m to reduce footprint
01 July 2007HSBC has promised to spend $90 million over five years to reduce its impact on the environment and showcase best practice.
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Barclays to take over Biofuels
01 July 2007UK-based Barclays Bank intends to save its client Biofuels Corporation, which operates the UK's largest biodiesel plant, from complete collapse by taking over 94% of the company and cancelling £40 million ($81 million) of its nearly £100 million of debt.
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Bush proposes new climate talks
01 June 2007US President George Bush has called on the world's major economies to work together to establish a long-term target by the end of 2008 for reducing greenhouse gas (GHG) emissions. Environmental NGOs reacted with scepticism.
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Senate bill targets efficiency, biofuels, CO2 capture
01 June 2007The US Senate majority leader has introduced legislation consolidating bills on energy efficiency, biofuels and carbon capture, and may add a national renewables mandate.
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AIG launches altenergy division
01 June 2007US insurer AIG has formed a new practice for its clients in the renewable energy sector. The AIG Global Alternative Energy Practice will focus on insurance, risk management and loss control services for US-based clients in the biofuels, hydroelectric, geothermal, solar and wind industries.
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Traders' exits hit weather trading
01 June 2007After dramatic growth in 2006, the market for weather derivatives has caught a cold, according to the annual survey by the Weather Risk Management Association (WRMA).
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Citi, HSBC pledge big sums on climate change
01 June 2007Two of the world's largest banking groups have pledged enormous sums to the fight against climate change – but have taken different approaches to the issue.
- COP16: 'High-integrity' biodiversity credit framework launches - and says 'no to international offsetting'
- AI data company Auquan raises $4.5m with aim to automate ESG reporting
- COP16: TNFD launches transition guidance
- Webinar: Vague definition of greenwashing deters 'transition' finance
- TNFD consults on public 'data facility' in nature data strategy paper
- Finding alpha: looking at alternative ESG data related to human capital
- BII commits $150m to African bank Absa
- CBI publish 'game-changing' agriculture criteria
- Azerbaijan, IFC sustainable taxonomy 'roadmap' to launch at COP29
- EU-China common ground taxonomy to be expanded at COP29