News

• CCC meeting shows support for 'backloading' in doubt – analysts

  14 December 2012

  Plans to boost EU carbon prices reportedly suffered a further set-back yesterday after several countries refused to say whether they would support the initiative.

• Cat bond market primed for expansion

  14 December 2012

  Stable pricing of catastrophe (cat) bonds and the development of cat models should mean a wider range of perils and regions is covered in future, according to Swiss Re.

• Sustainability ratings principles to be unveiled next year

  14 December 2012

  Ceres and the Tellus Institute are to unveil the principles underpinning their Global Initiative for Sustainability Ratings (GISR) by the middle of next year, in an effort to create a benchmark against which the profusion of corporate sustainability ratings can be judged.

• New financial model needed to tackle climate change - Prince Charles

  14 December 2012

  Current accounting methods are failing to enable businesses to adequately tackle climate change and need to be replaced with a new system that values the earth's natural capital, Prince Charles warned a meeting of business leaders.

• AWEA proposes six-year phase out of renewables incentive

  14 December 2012

  The American Wind Energy Association (AWEA) has proposed a six-year phase-out of the industry's crucial production tax credit (PTC), which is dangerously close to expiration.

• SolarCity shares jump 40% after IPO

  13 December 2012

  SolarCity has seen its shares leap in early trading, after its underwriters slashed the price per share ahead of today's initial public offering (IPO).

• Chevron's subpoena gambit likely to 'spur on shareholders'

  13 December 2012

  Oil major Chevron's decision to subpoena Trillium Asset Management over its environmental, social and governance (ESG) advocacy efforts against the company is unlikely to deter and could actually spur more shareholder activism, say analysts.

• Gas could hike UK bills more than renewables - report

  13 December 2012

  The UK's recently launched 'dash for gas' will leave it vulnerable to volatile energy prices, whereas more renewables could help moderate hikes in bills, the government's independent advisory body on climate change has found.

• Doha 'didn't deliver' for REDD

  13 December 2012

  The UN climate talks in Doha failed to deliver a boost for projects that reduce emissions from deforestation and forest degradation (REDD), but hopes remain that progress will be made in 2013.

• EDF launches private equity ESG tool

  13 December 2012

  Environmental Defense Fund (EDF) has produced an environmental, social and governance (ESG) tool for private equity fund managers.