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Obama's plan to start a US-wide trade in clean energy credits?
24 February 2011US President Barack Obama's proposed federal clean energy standard (CES) would allow utilities to trade credits on a national level to lower compliance costs, according to a White House report.
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How U.S. Federal Climate Policy Could Affect Chemicals' Credit Risk
Standard & Poor's and WRI examine how potential U.S. climate change policy scenarios could have credit implications for the U.S. chemicals manufacturing industry. In both Standard & Poor's and WRI's view, their respective findings indicate that environmental policy issues could play a role in the evaluation of credit quality.
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US Democrats to fight cuts to clean energy support
24 February 2011US Senate Democrats are pushing back against an attempt to gut funding for clean energy by Republicans in the House of Representatives, in a battle over the budget which is bringing the government close to a shut-down.
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Tougher EU climate target would boost EU's GDP by $842bn
24 February 2011An increase in the EU's target to cut greenhouse gas (GHG) emissions to 30% by 2020 would boost its economy and cut unemployment, according to a report commissioned by the German government
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EIB ups lending to renewables, energy efficiency
24 February 2011Climate loans made up 30% of the European Investment Bank's (EIB's) lending in the EU last year, with the development bank financing €20.5 billion ($28.2 billion) of projects involving renewable energy, energy efficiency, sustainable transport, forestry, innovation and climate adaptation.
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Renewables 'green rush' costs California utilities $6 billion
24 February 2011California's investor-owned utilities have committed to renewable energy contracts worth $6 billion in excess of the price of natural gas-generated electricity because of a "green rush" to meet the state's renewable targets, according to a utilities watchdog report published last week.
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Fraud charges laid against fake green technology firm
23 February 2011Six people involved in a company that claims to provide technologies to tackle global warming have been charged by the US Department of Justice with defrauding investors in a stock manipulation scheme from 2003 to 2008. The individuals and a seventh person are also facing civil charges brought by the US Securities Exchange Commission (SEC) in relation to fraud occurring from late 2006 to April 2007.
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BP biofuel breakthroughs imminent
23 February 2011BP is poised for a major advance in its biofuel operations, as it is completing commissioning of the world's first biobutanol pilot plant and plans to begin full–scale production later this year at its Vivergo Fuels facility, one of the world's largest ethanol production plants.
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Drax calls for biomass co-firing support as capacity left idle
22 February 2011The operators of England's 4GW coal-fired power station Drax today admitted to leaving its biomass capacity partially idle because of "insufficient regulatory support".
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NRDC to judge 'green' claims of climate bonds; first standard to be unveiled next week
21 February 2011The Natural Resources Defense Council (NRDC) has been named as the first member of the body that will give the stamp of approval to 'climate bonds', ahead of the publication next week of the first green bonds standard.