News

• Nomura on the look-out for cleantech investments

  01 October 2006

  Japanese financial giant Nomura has set up a new energy and clean technology private equity business, to focus on late-stage venture capital (VC) investing. The company has hired Russell Pullan from the UK's Carbon Trust to head the team (see Environmental Finance, July–August 2006, page 16).

• Car makers under fire on CO2 emissions

  01 October 2006

  EU car makers will have to "substantially increase their efforts" if they are to meet voluntary targets to reduce carbon dioxide (CO2) emissions from new cars, according to the European Commission.

• EU report supports mandatory biofuel targets

  01 October 2006

  Mandatory targets must replace the current indicative goals if biofuels are to account for a larger share of the EU energy market, according to a report published by the European Commission.

• FTSE4Good and DJSI review index components

  01 October 2006

  Two socially responsible investment (SRI) index families, FTSE4Good and the Dow Jones Sustainability Indexes (DJSI), have implemented the latest annual reviews of the companies they track.

• Chemical industry sets out sustainability plan

  01 October 2006

  The European chemicals industry has developed a 20-year strategy to focus R&D spending on improving the sustainability of the sector.

• Market seen beating US renewable fuels standard

  01 October 2006

  The US Environmental Protection Agency (EPA) has set out its plans for a Renewable Fuels Standard (RFS), with credit trading, to increase the proportion of biofuels used in the US. However, analysts say market forces will create more demand than the RFS mandates.

• People moves this month

  01 October 2006

  The Social Investment Forum, the US trade association for socially responsible investing, has appointed its first ever chief executive officer, LISA WOLL.