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Shipping will look to LNG to reduce emissions, cut fuel costs
24 March 2011Liquified natural gas (LNG) – not crude oil, biofuels or mini nukes – will be the shipping fuel of choice in 2020 as the price of bunker fuel rises and tougher emissions regulations drive the maritime industry toward greener energy sources, according to research from verification and validation company Det Norske Veritas (DNV).
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Trading Emissions eyes sale of clean energy assets by June
24 March 2011London-listed renewable energy and carbon investment company Trading Emissions is likely to sell its portfolio of clean energy businesses by June, according to its investment adviser.
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UK's Green Investment Bank launches next year, with £3bn in kitty
23 March 2011The UK's Green Investment Bank (GIB) will launch in 2012, with £3 billion ($4.9 billion) of public money to support low-carbon development, the UK government announced today, to a mixed reaction from investors and analysts. The bank will be allowed to borrow – but not for five years, the Treasury said.
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Largest Middle East solar project secures $600m financing
23 March 2011Plans to build the largest solar power plant in the Middle East moved a step closer to reality after financing closed on the $600 million Shams 1 project in the United Arab Emirates.
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Funds launch to support UK community quest for renewables
23 March 2011Two funds are to lend money to local community groups in the UK seeking to become green power generators.
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London seeks climate glory, launches £70m green waste fund
22 March 2011London should compete to become a world leader of the low-carbon economy, the city's mayor urged yesterday, as he announced the selection of the first manager for the long-anticipated London Green Fund and an additional £35 million ($57 million) in funding.
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Water makes business risky in Middle East, North Africa
22 March 2011Businesses in 18 countries face "extreme" risks from water shortages, with water stress concentrated in the Middle East and North Africa, according to risk analysis firm Maplecroft.
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Norwegian pension fund more than triples investment in green assets
22 March 2011Norway's Government Pension Fund Global has more than tripled its green-themed assets under management to NOK25.7 billion ($4.6 billion) in one year.
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Plan to slash UK solar tariff will 'stall' sector
18 March 2011Deep cuts to the feed-in tariffs (FITs) that solar photovoltaic (PV) installations can earn in the UK were proposed today by the Department of Energy and Climate Change (DECC).
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Green bonds to help Chicago meet goals?
18 March 2011The City of Chicago is inviting proposals to develop a green bond programme, with transparent market standards and a potential demonstration project, to attract institutional investment for its energy efficiency and renewables goals.