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Aussie exchange buys into water, plans clean-tech market
01 September 2007An Australian stock exchange specialising in small, medium and regional businesses has acquired Australia's largest independent water market operator for A$10.75 million (US$8.8 million) and will follow this next month with the launch of a sustainability and clean-tech investment market.
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Environmental markets seen dodging financial crisis
01 September 2007Capital for financing clean technologies and to trade in environmental markets could get harder to find, some financiers warn, as the effects of losses in the US mortgage markets make themselves felt more widely. But most believe that financing renewable energy is likely to remain attractive, and some argue that environmental markets will offer investors returns that are uncorrelated with equity and debt markets.
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More carbon cuts from shareholders, consumers than emissions trading?
01 September 2007Pressure from consumers and shareholders to reduce emissions of greenhouse gases is having more of an impact on many large companies than the EU Emissions Trading Scheme (ETS), according to some emissions specialists.
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Renewable investment 'to reach $750bn by 2016'
01 September 2007World-wide investment in renewable energy could pass the $750 billion mark by 2016, Ernst & Young predicts.
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Italian business offered hot weather bet
01 September 2007Merrill Lynch has launched a temperature-linked investment product that will allow farmers and retailers in Italy to mitigate against the impacts of hot weather on crop yields or sales.
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Sakhalin finances under spotlight
01 September 2007Two campaign groups have filed for a judicial review of the UK export credit agency's decision to underwrite $1 billion of contracts for the controversial Sakhalin II oil and gas project before the environmental impact assessment of the project was completed.
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Hurricane Dean to cost insurers up to $3 billion
01 September 2007Insured losses from Hurricane Dean are likely to be between $1.5 billion and $3 billion, according to extreme risk modeller Eqecat, hitting the insurance sector with its second big bill this summer.
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China pledges to starve polluters of credit
01 September 2007China's top banking regulatory commission, together with its state environmental agency, has vowed to restrict lending to heavily polluting companies. The bold policy created a buzz both on and off the mainland. However, observers were cautious, citing the failure of similar government efforts and an enforcement gap between national and local banking authorities.
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ADB in $100m clean energy call
01 September 2007The Asia Development Bank (ADB) is planning to invest $100 million in up to five private equity funds focusing on renewables, energy efficiency or carbon reductions in the region. In a call for proposals, issued in July, the ADB said it aims to "significantly increase its investments in the clean energy sector in Asia through specialised private equity funds".
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NOx trading goes annual
01 September 2007Participants in the US nitrogen oxide (NOx) allowance market are beginning to trade for the 2009 annual market, at prices up to $7,000/ton, despite the fact that the Environmental Protection Agency (EPA) has not yet allocated allowances.