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UTC acquires Clipper in £70m deal
21 October 2010Ailing US-based wind turbine maker Clipper Windpower has been snapped up by major stakeholder United Technologies Corporation (UTC), in a £70 million ($111 million) cash deal announced on Monday.
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Correction: Ex-Im set to support massive Indian coal project
21 October 2010Correction: An earlier version of this news story incorrectly stated that the memorandum of understanding between Reliance and Ex-Im Bank was only signed by Ex-Im; Environmental Finance has since received confirmation the document was signed by both parties.
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Banker tips $10bn green bond market, but urges framework clarity
21 October 2010The value of environmental bond issuance could reach $10 billion by the end of next year, a developer of green financial products said, but warned a clear and transparent framework is necessary to foster the growth of the asset class.
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Government regulation needed, say US sustainable business pioneers
21 October 2010Progressive businesses in the US are focusing on sustainability efforts they can engage in without government direction, but their efforts can only go so far.
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£1bn GIB funding not enough: industry
21 October 2010Industry and green groups have welcomed the UK government's commitment to allocate £1 billion ($1.6 billion) to create a green investment bank (GIB), but say the figure is well below what is required.
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Renewable heat programme, feed-in tariffs survive UK cuts
21 October 2010The UK renewables industry welcomed yesterday's news that incentives for renewable heat installations and small-scale renewables will survive a round of cuts which will slash 20% from public spending.
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Trade brawl with China no substitute for US climate policy - experts
21 October 2010The US government's decision to investigate whether China's green energy subsidies violate international trade law is good news for US manufacturers, but does not alleviate the need for a US climate policy that adequately supports the clean energy sector, experts said.
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Ratings agencies failing bond investors over water risk – report
21 October 2010Bond investors are "blindly placing bets" on which US public utilities are best able to manage growing and imminent water risks, Ceres said in a report out today – which partly blames "weak scrutiny" by ratings agencies.
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Enel begins marketing $3bn green energy IPO
21 October 2010Italian utility Enel has begun marketing shares in its renewable energy unit, in Europe's largest initial public offering (IPO) since 2007 – and a key test of sentiment for the embattled clean energy sector.
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Carbon Valuation Post 2012
PwC's climate change team examine the thorny issues around valuing carbon assets on company balance sheets after 2012, in the face of considerable policy uncertainty.