News

• Bellwether carbon stocks see mixed fortunes

  01 April 2008

  Shares in Climate Exchange have soared in recent weeks, following its first reported profit since the company floated in 2003. Meanwhile, leading listed greenhouse gas emissions reduction project developer EcoSecurities has seen a recent rally in its share price peter out, after disappointing analysts with its 2007 numbers.

• SRI outpacing broader market – reports

  01 April 2008

  Investors are pouring more money than ever into socially responsible, ethical and sustainable funds, according to three new reports.

• EU producers threaten action against US biodiesel subsidies

  01 April 2008

  The European Biodiesel Board (EBB) was due to file a formal complaint against US biodiesel subsidies as Environmental Finance went to press in late March. The move is an attempt to stem the flow into Europe of cheap biodiesel imports from the US.

• Key US regulator predicts ­explosive growth in ­carbon trading

  01 April 2008

  Carbon trading could become one of the largest commodity markets in the world in the coming years, a leading US market regulator has predicted.

• US power plant emissions up 12% in past decade

  01 April 2008

  Carbon dioxide (CO2) emissions from power plants in the US have risen by 11.7% since 1997, with last year's 2.9% increase the largest single-year rise in the same period, according to a report by the Washington, DC-based non-profit Environmental Integrity Project (EIP).

• WRI offers industry ecosystem guidelines

  01 April 2008

  The World Resources Institute (WRI) has developed guidelines for businesses to better understand, and profit from, the link between healthy ecosystems and the bottom line.

• Ineos seeking buyers for CER portfolio

  01 April 2008

  The Ineos Group has put its Clean Development Mechanism (CDM) business up for sale, and has charged Morgan Stanley with finding buyers for the subsidiary and its massive certified emission reduction (CER) portfolio, Environmental Finance's sister publication Carbon Finance has learned.

• E.Capital launches Asian infrastructure index

  01 April 2008

  E.Capital Partners has launched an index tracking the 25 Asian infrastructure companies with the highest scores on environmental and social governance (ESG).

• Merrill backs CDP

  01 April 2008

  Merrill Lynch has signed a three-year deal to support the Carbon Disclosure Project (CDP), an investor collaboration that asks companies to disclose their greenhouse gas emissions and strategies for dealing with climate change.

• Ocean fertilisation firm wins $3.5m funding

  01 April 2008

  San Francisco-based start-up Climos has raised $3.5 million to develop its ocean iron fertilisation technique. This process involves dumping iron filings into the ocean to encourage the growth of plankton, which captures carbon dioxide from the atmosphere, against which Climos hopes to sell carbon offsets.