Features, July/August 2000 KYOTO PROTOCOL BUSINESS BAULKS AT CDM COSTS As the Kyoto process approaches the crucial Hague meeting in November, some participants are concerned that investors will steer clear of the Protocol's flexible mechanisms. Mark Nicholls reports More... PROJECT FINANCE NGOS TAKE AIM AT THE BANKS Behind every environmentally-damaging project or company stands a financier - and activists are increasingly calling them to account. Ricardo Bayon looks at recent campaigns, and asks the banks how they are responding to this unwelcome attention More... RENEWABLE ENERGY GREEN MARKET POWERS UP The renewable energy sector has seen impressive growth over the last 12 months, and is set for a promising decade. Stewart Boyle looks at the drivers behind it, and to the sector's future EMISSIONS TRADING WHAT KYOTO CAN LEARN FROM THE NOx MARKET Policymakers are casting around for precedents as they design an international greenhouse gas market. The US NOx market deserves closer examination, argues Matthew Varilek HOW I SEE IT THE CASE FOR A SIMPLIFIED CDM Richard Sandor argues that international negotiators should follow private sector developments as they design the regulatory framework for the CDM - and suggests a novel financial instrument, the Simplified Emissions Reduction Credit, to streamline the process MARKET VIEW FLEX MECHS AND THE PRIVATE SECTOR Negotiations on the Kyoto Protocol's flexible mechanisms must lead to clear rules on private sector participation in emissions trading, says Mark Perlis WEATHER RISK WHAT PRICE A WARM WINTER? Weather hedgers could be in for a shock this winter, with signs that reinsurers will raise prices for cover to recoup earlier losses. Creative measures will be needed to find sufficient risk takers. Mark Nicholls reports COMPANY PROFILE TRADING AT HOME AND AWAY Ontario Power Generation is an enthusiastic pioneer in the new market for greenhouse gas emission reduction credits. Corinne Boone and Ted Dewelles review some of the company's initiatives to clean up the environment OPINION THE INEVITABILITY OF CO2 EMISSIONS TRADING? Eric Cowan cautions companies against over-reacting to early trading in greenhouse gases KYOTO PROTOCOL TRADE VERSUS THE ENVIRONMENT Could the signatories to the Kyoto Protocol find themselves up against the WTO? Helen Loose examines how the climate change agreement could conflict with trade rules, and argues for dialogue and debate before its too late PROFILE MOHAMMAD AL-SABBAN Mohammad Al-Sabban is the face of Saudi Arabia at the international climate change negotiations - and he is taking a tough stance in demanding compensation for oil-rich developing countries FOR THE FULL STORY EVERY MONTH, SUBSCRIBE TO ENVIRONMENTAL FINANCE, OR CONTACT info@environmental-finance.com FOR OUR BACK ISSUES SERVICE