News

• Lighting and energy storage companies in line for takeovers, says VC investor

  27 February 2014

  Most mergers and acquisitions (M&A) in the cleantech sector in coming years are likely to focus on makers of low-energy lighting and energy storage technologies, investors have been told.

• CDM must stop verifier exodus, warns new Executive Board member

  26 February 2014

  The Clean Development Mechanism will struggle to recover if verifiers continue to leave the market, a new member of its oversight board has warned.

• GE buys Irish wind farms, commits another $10bn to clean energy

  26 February 2014

  GE Energy Financial Services has bought two Irish windfarms, with a total capacity of 51MW, from Element Power, a project developer owned by private equity firm Hudson Clean Energy Partners.

• GIB and Societe Generale form £50m energy efficiency alliance

  25 February 2014

  The UK's Green Investment Bank has formed a £50 million ($83.2 million) alliance with Societe Generale to finance energy efficiency measures.

• RGGI proceeds provide $700m for low-carbon energy projects

  25 February 2014

  The nine US states participating in the Regional Greenhouse Gas Initiative (RGGI) have invested more than $700 million of proceeds from the programme to curb energy use and reduce carbon emissions.

• Speed up EU ETS reforms or risk lost decade: Climate Change Capital

  25 February 2014

  The EU's Emissions Trading System risks suffering a "lost decade" unless policymakers bring forward plans to combat the oversupply of allowances dogging the market, Climate Change Capital has warned.

• Japan overtakes UK in attractiveness for renewables investment

  25 February 2014

  Japan is now more attractive than the UK for renewable energy investments, according to consultants EY.

• Swedish insurer snaps up African green bond

  24 February 2014

  SPP, a Swedish pensions and insurance provider owned by Storebrand, was the sole buyer of a SEK 1 billion ($153 million) green bond issue from the African Development Bank (AfDB).

• World's first gas-based CCS project wins UK government support

  24 February 2014

  The UK government has agreed to fund an engineering and design study for what could become the world's first carbon capture and storage (CCS) project at a gas-fired power plant.

• Charles Anderson named new head of UNEP FI

  24 February 2014

  Former Sovereign CEO Charles Anderson has been appointed the new head of the UN Environment Programme Finance Initiative (UNEP FI).