News

• ICAO unlikely to strike emissions deal this year, say observers

  20 February 2013

  Observers doubt that the International Civil Aviation Organization (ICAO) will strike a deal this year on how to curb the sector's emissions – raising questions about whether the EU will follow through on its vow to impose curbs on international aviation emissions.

• Korea Eximbank raising $500m green bond

  20 February 2013

  SEB and Bank of America Merrill Lynch have opened the books on a reported $500 million-plus green bond for the Export-Import Bank of Korea, according to the Climate Bonds Initiative.

• EU tariffs on Chinese solar imports would hit jobs – report

  19 February 2013

  Imposing tariffs to protect solar manufacturers from cheap Chinese imports would jeopardise hundreds of thousands of EU jobs, a report has claimed.

• World Bank to boost efforts to attract private investment for forestry

  19 February 2013

  The World Bank Group has hit back at claims that it finances industrial logging concessions, and pledged to ramp up efforts to attract more private sector capital to support sustainable forestry.

• Carbon Trust unveils water reduction certification programme

  19 February 2013

  The UK's Carbon Trust has launched what it says is the first international certification for water reduction, with Coca-Cola Enterprises and retail giant Sainsbury's among the first four companies winning certification.

• EU ETS rescue clears first hurdle

  19 February 2013

  Reform of the EU Emission Trading System (ETS) has cleared its first hurdle, as members of the European Parliament's environment committee voted in favour of a European Commission proposal to intervene in the market to raise the carbon price.

• Drax profits fall, but shares rise amid biomass conversion plans

  19 February 2013

  Profits dropped at Western Europe's biggest coal-fired electricity plant as it invested in plans to convert to running mainly on biomass – but it remains confident the transformation will deliver "attractive returns to shareholders".

• Germany risks putting off renewables investors, Spain faces legal action on FiT changes

  18 February 2013

  The German government's plans to introduce retroactive cuts for existing renewable power plants risk deterring investment in the sector, observers have warned, while Spain faces legal action by investors against recent changes to its subsidy scheme.

• US Senators table carbon tax bill

  15 February 2013

  Two US senators have introduced legislation to establish a national carbon tax.

• IFC issues world's first $1 billion green bond

  15 February 2013

  The International Finance Corporation (IFC) has issued the first $1 billion green bond, the proceeds of which will be directed to "climate-friendly" projects in developing countries.