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EIB to lend €250m to Chinese sustainable forestry
02 March 2012The European Investment Bank (EIB) is to lend €250 million ($330 million) to sustainable forestry projects in China.
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FTSE launches new carbon indexes
01 March 2012Index provider FTSE has launched four carbon indexes to help investors reduce long-term climate change risks.
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ICAP acquires biofuels broker
01 March 2012ICAP Energy will launch its first services in the European alternative fuels market after acquiring biofuels broker Sun Commodities for an undisclosed sum.
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Vontobel drops renewables, favours water, in clean-tech fund
29 February 2012A clean-tech equity investment fund operated by Swiss asset management firm Vontobel has cut its exposure to renewable energy companies, while boosting its holdings in the water sector.
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Water investments poised for dramatic growth
28 February 2012Global investment in water supply infrastructure needs to increase from around $580 billion a year to more than $1,000 billion by 2025, according to the OECD. These figures dwarf those needed for roads and electricity, said Anthony Cox, head of the environment and economy integration division in the organisation's environment directorate.
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No role for PRI in policing ESG implementation – Gifford
23 February 2012The Principles for Responsible investment (PRI) secretariat has no role in policing how its signatories address environmental, social and governance (ESG) issues, its executive director has said.
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Drax burns more biomass, but abandons dedicated plant
21 February 2012Drax, the UK's largest coal-fired power generator, has cancelled plans for a dedicated biomass power station because of uncertainty in proposed subsidies and its inland location.
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UK's clean-tech venture fund commits £60m to six funds
20 February 2012A clean-technology venture capital fund backed by the UK government has committed almost half its reserves to six funds, and is in negotiations for a seventh fund investment and a direct investment in a UK company.
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Investors welcome UK renewables reforms, but eschew solar
14 February 2012Managers of funds investing in UK renewable energy projects have welcomed some of the proposed changes to feed-in tariffs (FiT) announced last week, but say they are unlikely to invest in new solar projects.
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Proportion of top-rated ESG strategies to rise, says Mercer
14 February 2012Around 9% of investment strategies assessed by Mercer are "highly rated" in environmental, social and governance (ESG) terms, a number the investment consultant expects to rise.