News

• India-UK clean energy initiative launched

  01 June 2008

  The Commonwealth Business Council (CBC) has launched an initiative to promote alternative energy development and conservation in India.

• Generation raises $683m for climate fund

  01 June 2008

  Generation Investment Management has attracted $683 million into its Climate Solutions Fund – making it one of the largest fund-raisings for a vehicle of its type.

• Strong growth in voluntary market

  01 June 2008

  The voluntary carbon market saw strong growth last year, valued at $331 million – up from $96.7 million in 2006, according to the State of the Voluntary Carbon Markets report produced by information provider Ecosystem Marketplace and consultancy New Carbon Finance.

• US power firms go on solar spree

  01 May 2008

  US power developers and utilities this month signed a series of solar deals worth billions of dollars, as the firms seek to supply their own customers with solar power and exploit global opportunities.

• New regulations to boost US wetlands market

  01 May 2008

  The size of the US wetland banking mitigation market is set to treble, following new regulations likely to transform the emerging ecobusiness. On 10 April, the US Army Corps of Engineers and the Environmental Protection Agency (EPA) jointly released regulations that promote wetland mitigation banking while pushing back its competitors.

• Ceres attacks Wall Street 'inconsistency' on climate change

  01 May 2008

  Mutual fund providers such as Morgan Stanley are "inconsistent" on climate change, voting against shareholder resolutions on global warming, even though they offer products and invest in the opportunities it poses, such as clean energy, according to a report by Ceres.

• Credit Suisse puts $300m into renewables

  01 May 2008

  Credit Suisse is to commit at least $300 million to make principal investments in renewable energy through private equity firm Hudson Clean Energy Partners.

• Dow Jones to market CCX indexes

  01 May 2008

  Dow Jones Indexes is to calculate, market and license indexes based upon European and US carbon, and US sulphur dioxide emissions indexes to be developed by the Chicago Climate Exchange (CCX).

• ADB rejects Bangladeshi coal project

  01 May 2008

  The Asian Development Bank (ADB) has pulled the controversial Phulbari coal project from its pipeline.

• Credit crunch hits clean energy financing

  01 May 2008

  New investment in clean energy fell sharply in the first quarter of 2008, according to figures from New Energy Finance, while mergers and acquisitions (M&A) activity jumped dramatically – indicating that contracting financial liquidity is making its effect felt. However, the London-based analysis company is holding to its 2012 investment forecasts, maintaining that the "fundamentals remain strong".