Archive

  • Website offers weather risk for the masses

    01 February 2007

    Anew online weather risk management service has been launched in the US, aiming to offer small and medium-sized enterprises access to weather hedges. WeatherBill, launched by a San Francisco-based start-up, offers tools to help companies estimate their weather sensitivity, and customisable contracts based on any combination of minimum, maximum or average daily temperatures, and daily precipitation levels, at 200 US weather stations.

  • EBRD bows out of Sakhalin

    01 February 2007

    The European Bank for Reconstruction and Development (EBRD) has ended its five-year investigation into whether to fund the controversial Sakhalin II oil and gas project, because Gazprom's deal to secure a stake in it invalidates the proposal.

  • Making their green, greener

    01 February 2007

    San Francisco's New Resource Bank opened its doors at the end of last year, promising a new – and environmentally and community-focused – approach to commercial banking in the US. Trevor Curwin reports

  • People moves this month

    01 February 2007

    BELINDA HOWELL has set up Greenstone Carbon Manage­ment, a UK-based consultancy that will advise companies that wish to account for, reduce and offset their greenhouse gas emissions.

  • E-Synergy launches £30 million fund

    01 February 2007

    UK investment company E-Synergy has launched its £30 million ($59 million) Sustainable Technology Fund. The fund is one of the new UK government-backed Enterprise Capital Funds designed to help small and medium-sized UK companies bridge the 'equity gap', providing investment of between £250,000 and £2 million.

  • Mild winter boosts weather trades

    01 February 2007

    A warmer-than-expected winter in the north-eastern US and across most of mainland Europe has boosted trading in the weather risk markets.

  • Areva bids for wind turbine maker

    01 February 2007

    French nuclear and electricity transmission firm Areva has made a friendly bid for Repower Systems, the German wind turbine manufacturer.

  • Commission throws down emissions, energy gauntlet

    01 February 2007

    The European Commission has called for the EU to commit to a unilateral target to cut greenhouse gas (GHG) emissions to 20% below 1990 levels by 2020, rising to 30% if a post-2012 international agreement can be reached. The call came as part of a package of proposals aimed at establishing an integrated energy and climate change policy for the EU, which included targets for renewable energy and biofuels, as well as calls for energy market liberalisation.

  • EU to cap aircraft emissions

    01 February 2007

    The European Commission has announced its plans to bring aviation into the EU Emissions Trading Scheme. It proposes capping carbon dioxide emissions from all internal EU flights from 2011, and from all flights to and from EU airports from the following year.

  • OECD warns China on environment

    01 December 2006

    China's "comprehensive and modern" set of environmental laws has been unable to keep pace with the pressures generated by the extremely rapid growth of the country's economy, according to a new OECD report.*