News

• EIB makes €50m equity investment in renewables fund

  09 December 2013

  The European Investment Bank (EIB) has committed €50 million ($69 million) to a fund that invests in European renewable energy.

• 'Responsibility reporting is now mainstream, but still not linked to performance'

  09 December 2013

  The majority of big companies produce Corporate Responsibility (CR) reports but only 5% are linked to financial performance, leaving them open to accusations that they are merely 'greenwash', an event to mark the launch of a new study heard.

• Quebec's first carbon auction clears at floor price on low demand

  09 December 2013

  Carbon allowances were sold at the floor price of C$10.75 (US$10.08) in Quebec's first carbon auction, which saw demand for about a third of the permits on offer.

• Bloomberg attempts to quantify risk of 'stranded assets'

  09 December 2013

  A tool to help investors and companies quantify the potential risk they face if fossil fuel assets become 'stranded' as a result of government action to combat climate change, has been launched by Bloomberg.

• Amyris and Total strike joint venture to scale up biofuels

  06 December 2013

  France's biggest oil producer, Total, has formed a joint venture with Amyris that aims to help commercialise the biofuel-maker's technologies on a global scale.

• French infrastructure investor buys stake in offshore wind farm

  06 December 2013

  A French infrastructure investor has made its first investment in offshore wind, acquiring a 7.5% stake in the German Butendiek project.

• Swedish government to buy 500,000 CERs

  06 December 2013

  A Swedish government agency has agreed to buy 500,000 carbon credits at above-market prices from a cookstove project in Uganda.

• Subsidy confirmation fuels share hike for biomass-burning plant

  06 December 2013

  One of Europe's largest coal-burning power plants could convert all of its units to burn biomass, in a move that would boost its operator's share price by more than 50%, after the UK government confirmed the level of subsidy support for the technology, analysts have claimed.

• Palm oil giant pledges no more deforestation

  05 December 2013

  Wilmar International, Asia's largest agribusiness, has today adopted a policy to "only provide products that are free from deforestation links".

• Investors warn palm oil companies and financiers on climate change risks

  05 December 2013

  A $270 billion investor coalition has called for palm oil producers and their financiers to adopt policies to ensure they do not contribute to climate change.