Bingaman proposes 15% US renewables goal

The US Congress is to consider bills to establish a national Renewable Portfolio Standard (RPS), with a key senator proposing a 15% share of renewable power by 2020, while a House of Representatives bill aims at 20%.

MissionPoint closes $335m fund

MissionPoint Capital Partners has raised $335 million into a new private equity fund to invest in companies involved in clean energy and environmental finance, exceeding its $250 million target. MissionPoint Capital Partners Fund I will provide at least $10 million and typically $30 million in growth equity or buy-out finance for expansion-stage companies in North America and Europe.

US-Brazil biofuels pact 'irrelevant'

US biofuel sources have rejected as largely irrelevant a US/Brazilian agreement last month to co-operate on biofuels, because the US refuses to abolish its $0.54/gallon ($0.14/litre) duty on imports of ethanol. The US State Department stressed: "This initiative does not include discussion of US trade, tariffs or quotas."

EU targets raise questions

EU heads of state have committed to cut greenhouse (GHG) emissions by at least 20% and ensure that 20% of EU energy comes from renewable sources by 2020. The targets – agreed at a summit last month – were broadly welcomed as a step in the right direction towards combating climate change, but it remains unclear how the renewables target?will be reached and what impact?it will have on energy?markets across the EU.

First 'green' bond index launched

JPMorgan and Innovest Strategic Value Advisors have launched what they say is the first bond index to factor in climate change risks.

Shipping sets sail for emissions trading

The shipping industry must act now to reduce its carbon emissions, otherwise it risks being saddled with strict regulations in the future, according to UK transport minister Stephen Ladyman.