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Calvert powers into alt energy
01 July 2007Socially responsible fund manager Calvert has launched a Global Alternative Energy Fund that will invest directly in renewable energy companies (solar, wind geothermal, biofuel, hydrogen and biomass), related technologies and the energy efficiency sector.
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Wal-mart goes solar
01 July 2007Wal-Mart has signed deals with three solar firms to supply and finance photovoltaic solar cells, generating an estimated 20,000MWh/year, to be installed on 22 of its buildings in California and Hawaii.
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Finance sector in the dark on biodiversity risks
01 July 2007The financial sector has a long way to go to understand the rising risks posed by biodiversity loss, according to the author of a report on the subject for the IUCN-World Conservation Union. More work particularly needs to be done to make the link between loss of biodiversity and financial impacts, he said.
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Swiss Re bids to boost cat bond trading
01 July 2007Swiss Re has started indexing the performance of catastrophe (cat) bonds in a bid to increase the transparency and encourage secondary trading of the rapidly growing asset class.
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UK outlines energy efficiency trading scheme
01 July 2007The UK government has published a detailed plan for its proposed cap-and-trade scheme to encourage energy efficiency among big energy consumers.
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Paying up to cut emissions
01 July 2007Investment in funds that buy greenhouse gas emission credits is soaring. Christopher Cundy asks managers where the money is coming from – and where it's going
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Rocket to the moon?
01 July 2007Carbon capture may be a shining hope for the low-carbon future. But opinion is divided on how best to incentivise industry to pilot it, or promote its widespread adoption. Jess McCabe reports
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Taking the long view
01 July 2007Pumping carbon dioxide underground for long-term storage raises some unique liability exposures. Matt Elkington considers how they could be managed
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Water, water everywhere....
01 July 2007With the UK having just endured the wettest June on record, concerns about the availability of water are not exactly at the forefront of peoples' minds here. But only last summer, the country was facing widespread water restrictions after the two driest winters for 40 years.
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Solar IPO enthusiasm remains undimmed
01 July 2007Aspate of photovoltaic (PV) manufacturers have come to market with well-received initial public offerings (IPOs) in recent weeks, tapping into growing investor enthusiasm for solar power.