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Collapsing carbon price bodes ill for emissions, CDM
01 February 2009The slump in carbon prices as Europe's economy cools will delay investment in emission reductions, and is threatening Clean Development Mechanism (CDM) projects across the developing world, analysts say.
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Carbon market volumes up 80%
01 February 2009The carbon market was worth more than $100 billion last year, up more than 80% year-on-year, according to analysts New Carbon Finance (NCF) and Point Carbon. But the growth rate this year is set to be slower, with London-based NCF predicting that the market's value will be $150 billion in 2009, up just 27% on 2008.
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Norway puts €30m into carbon fund
01 February 2009The Norwegian government has invested €30 million in the Nordic Environment Finance Corporation's Carbon Fund.
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UK offshore wind build in doubt
29 January 2009The UK has the capacity for up to 7,000 more offshore wind turbines, according to a UK government study, but, as trouble continues to dog the flagship London Array project, observers say this potential may not be realised.
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Renewables lobby takes cheer from House stimulus vote
29 January 2009Voting along party lines, the US House of Representatives approved an economic stimulus package that includes substantial investments in the renewable energy sector and critical adjustments to its tax credit structure.
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International Renewable Energy Agency launches
29 January 2009An international body to promote renewable power was founded in Berlin this week. Seventy-five countries signed the founding statute of the International Renewable Energy Agency (IRENA).
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Wal-Mart promises to accelerate sustainability effort
29 January 2009The incoming CEO of US retail giant Wal-Mart has reiterated the firm's commitment to sustainability, pledging to reduce packaging and environmentally-damaging detergents – but many of its critics remain to be convinced.
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EC proposes €1.75 bn CCS, renewables boost
29 January 2009European Union energy projects, including carbon capture and storage (CCS) technology and offshore wind farms, could receive a €3.5 billion ($4.6 billion) cash injection under plans proposed by the European Commission on Wednesday.
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Panda Ethanol subsidiary goes bankrupt
29 January 2009A subsidiary of Panda Ethanol in the US has filed for protective Chapter 11 bankruptcy and is in negotiations to sell its troubled ethanol refinery project in Hereford, Texas, following a financial dispute with a major lender.
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$250m environmental fund to chase 'cheap' assets
29 January 2009Geneva-based asset manager Unigestion is to launch an environmental private equity fund-of-funds that aims to take advantage of "the significant fall in the price of sustainability assets to levels not seen since 2004".