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IFC to invest in growth-stage clean-tech firms
30 April 2009The International Finance Corporation (IFC) is to begin lending to growth-stage clean technology companies as part of its efforts to promote environmentally sustainable businesses in developing economies.
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Clean-tech angel investors launch 'network of networks'
30 April 2009Three angel investors have launched a 'network of networks' aimed at boosting the profile of very early-stage investment in clean-tech firms.
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Ethanol sector unites against California's land-use ruling on emissions
29 April 2009Ethanol supporters sharply criticised what they perceive to be unfair treatment of biofuels in California's controversial, new low-carbon fuel standard (LCFS) adopted last week.
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Financial sector lagging badly on ESG – EIRIS
23 April 2009The financial sector is the worst performer in terms of managing environmental, social and governance (ESG) risks, and has shown the least improvement over the last three years, according to a study from Ethical Investment Research Services (EIRIS).
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US renewables standard unachievable, say legislators
23 April 2009Several US states would find it impossible to meet a proposed federal standard on renewable energy generation, legislators complained during hearings this week.
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Enel may sell half of renewables business
23 April 2009Italian utility Enel could sell up to 49% of its renewable energy unit, CEO Fulvio Conti said yesterday, to potentially net up to €6 billion ($7.8 billion).
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Industry welcomes Budget boost for UK low-carbon sector
23 April 2009The UK's 2009 Budget, unveiled yesterday, promises a boost to the development of a low-carbon economy, according to industry groups. Yesterday's announcements, combined with initiatives put forward since last autumn, should enable £10.4 billion ($15.1 billion) of investment in the sector, on top of the £50 billion from existing policies to 2011, said the government.
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EcoSecurities founder quits
23 April 2009The co-founder and president of EcoSecurities, one of the oldest companies in the carbon trading business, has resigned "to pursue other interests", the company announced today.
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Industry gives cautious welcome to UK report on emissions from biomass
22 April 2009Industry has given a qualified welcome to a report from the UK's Environment Agency that calls on the government to consider setting minimum standards for greenhouse gas emissions from biomass projects.
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IFC and FT announce sustainable banking awards shortlist
16 April 2009The International Finance Corporation (IFC) and the Financial Times have released the shortlist for their annual sustainable banking awards.