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US Ex-Im adopts carbon policy
05 November 2009The US Export-Import (Ex-Im) Bank has adopted what it claims is the first comprehensive carbon policy for an export credit agency (ECA) and has set up a $250 million facility to back renewables exports. However, environmental NGOs said the policy lacks ambition – and merely reflects a legal settlement Ex-Im agreed earlier in the year.
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EIB sells $320m of green bonds to Scandinavian investors
05 November 2009The European Investment Bank (EIB) has sold a total of SEK2.25 billion ($320 million) in bonds to Scandinavian investors, the proceeds of which will be used to finance renewable energy and energy efficiency projects.
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RWE makes Denmark-sized mistake in CO2 emissions
05 November 2009German energy giant RWE overstated its own carbon dioxide emissions by 70 million tonnes – equivalent to the annual greenhouse gas emissions of Denmark – in a report this year because of a classification mistake.
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People moves
01 November 2009Matthew Kiernan has left New York-based financial research and advisory firm RiskMetrics Group to pursue other opportunities in the field of sustainable investment.
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PWC, investors to study water, climate effects on munis
01 November 2009A study is under way to examine how water shortages and climate change could affect the value of US municipal bonds.
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Triodos raising €90m to double sustainable lending
01 November 2009Triodos Bank is seeking €90 million ($133 million) in fresh capital to double its loan portfolio, as it reports "unprecedented interest" in its approach to banking after the financial crisis.
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Flurry of deal-making hits solar sector
01 November 2009Chinese solar thin-film manufacturer Trony Solar Holdings could raise up to $200 million through a listing on the New York Stock Exchange (NYSE), the latest in a cluster of solar deals to emerge in recent weeks.
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SEC guidance to ease climate change resolutions
01 November 2009Investors will now find it easier to demand climate change disclosures from US-listed companies, following a Securities and Exchange Commission (SEC) decision on 27 October.
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German coalition steers away from solar tariff cuts
01 November 2009The recently elected German coalition government has dropped plans for major cuts to solar photovoltaic (PV) feed-in tariffs.
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UK Treasury wins first round of RBS environment case
01 November 2009A High Court judge has quashed an attempt by three NGOs to force the UK government to apply stricter environmental and social criteria to investments made by RBS, one of the banks nationalised during the credit crunch.