News

• Clarification – CCX

  01 March 2008

  In the February issue, we reported on the launch of the Green Exchange, noting that, unlike the Chicago Climate Exchange (CCX), it will be regulated by the US Commodity Futures Trading Commission (CFTC – see page 6).

• People moves this month

  01 March 2008

  Dutch sustainable energy company Econcern has appointed ANGELIEN KEMNA and her husband AART VAN BEUZEKOM to lead its €1 billion ($1.5 million) fund that will finance solar, offshore wind, biofuels and energy efficiency projects.

• China launches first environmental stock index

  01 February 2008

  China's Shenzhen Stock Exchange and state-owned TEDA Holding Company have jointly launched China's first environmental and social responsibility stock index, on 2 January.

• WeatherBill pays out on Canadian snow deal

  01 February 2008

  Online weather risk management service WeatherBill has paid for thousands of holidays booked by customers of Canadian tour operator itravel2000.com after an unusually heavy fall of snow in Montreal triggered a weather deal signed last year.

• New emissions rules to weigh on EU?ETS

  01 February 2008

  Rules to control sulphur dioxide and nitrous oxides are set to influence carbon dioxide prices in the EU Emissions Trading Scheme, say Roman Kramarchuk and Bruno Brunetti

• Europe eyes limited renewables trading

  01 February 2008

  The European Commission has set out country-by-country targets on renewable energy and opened the door to limited certificate trading between member states, as part of its energy and climate change proposals.

• 2007 strong year for renewables, clean-tech, carbon

  01 February 2008

  Although investors may be looking nervously to the year ahead, a raft of figures from 2007 show it was a banner year for renewables, clean technology venture investing and trading in the carbon markets.

• Nymex, Evolution launch environmental exchange

  01 February 2008

  The New York Mercantile Exchange (Nymex) and US-based brokerage Evolution Markets have teamed up with a number of investment banks to launch an environmental commodities exchange.

• Catastrophes wreak $75 billion of havoc in '07

  01 February 2008

  Natural catastrophes caused $75 billion of economic losses in 2007 and killed 15,000 people, according to Munich Re, which blamed climate change for at least part of the damage. Insurers were left with a bill of just under $30 billion.

• Lloyd's insurers back ForestRe

  01 February 2008

  Four Lloyd's syndicates are to provide insurance capacity for ForestRe, a company formed to underwrite forestry plantations. The company – which is aimed at the growing volumes of institutional investment moving into forestry – will focus on conventional timber revenues. However, it is also eyeing the environmental benefits provided by the world's forests, its managing director said.