News

• 'St Jude' storm could cost UK insurers £500m

  30 October 2013

  UK insurers could be hit by £300 million - £500 million ($480m-800m) of claims related to damage caused by the St Jude storm, which struck the UK on 28 October, broker Willis Re estimates.

• Carbon risks to investors similar to sub-prime mortgages - Al Gore

  30 October 2013

  Investors face a similar risk from carbon-intensive assets as they did from sub-prime mortgages, Al Gore, former US vice president and co-founder of Generation Investment Management, suggested today.

• Mainstream group wins 360MW wind contracts in South Africa

  30 October 2013

  A consortium led by Ireland's Mainstream Renewable Power is poised to invest ZAR 9 billion ($913 million) to develop three new wind farms in South Africa with a combined capacity of 360MW.

• Italian environmental fund exceeds target for first close

  29 October 2013

  Ambienta, an Italian private equity investment manager, has announced the first close of its second fund focussed on European environmental technology companies.

• Solar leasing model rolled out to energy storage sector

  29 October 2013

  A pioneering energy storage company is to allow customers to install its technology for no upfront cost, as it adopts a leasing finance model similar to those used by rapidly expanding solar companies.

• Pension savers urged to press funds for action on climate change

  29 October 2013

  A campaign was launched today attempting to mobilise UK savers to demand that their pension funds take action on climate change amid warnings of 'stranded assets'.

• Climate change risks to energy sector are underestimated, warn investors

  28 October 2013

  The rapid and dramatic changes to the global energy market wrought by the US shale gas revolution should serve as a warning of the changes that could arise from climate change, says a new report.

• Call to financiers to fund emerging markets renewables revolution

  28 October 2013

  Financiers need to help the renewables industry shift its focus from the "dying" Western subsidies market and embrace the "phenomenal revolution" in emerging markets, a conference heard.

• NGOs claim victory as Arctic drilling platform plans scrapped

  25 October 2013

  Plans to build two Arctic oil drilling platforms have been scrapped after environmentalists warned the project's financiers that the activities would jeopardise the future of one of the most endangered whale species.

• Investors and businesses lobby for early EU ETS reform

  25 October 2013

  A group of 53 businesses, investors and trade associations has called on the European Commission to bring forward, to the end of this year, draft legislation to reform the beleaguered EU Emissions Trading System (ETS).