News

• UKSIF begins search for new Shepherd

  28 November 2012

  The chief executive of the UK Sustainable Investment and Finance Association (UKSIF) is to step down next year, after a total of 12 years at the head of the trade body.

• UK's Green Investment Bank opens with sights on institutions

  28 November 2012

  Making the UK's offshore wind farms attractive to pension funds and insurance companies will be key to the success of the country's newly launched Green Investment Bank (GIB), its chief investment officer said.

• Vestas buys time with deal on credit lines

  27 November 2012

  Analysts have welcomed a deal Vestas has struck with its banks to extend its credit lines, but they warn the wind turbine bellwether remains under pressure to restructure and improve its financial position.

• China Development Bank lends 30bn Yuan for wind projects

  27 November 2012

  The China Development Bank (CDB) is to extend 30 billion Yuan ($4.8 billion) of finance to China Guangdong Nuclear (CGN) to fund its wind energy activities domestically and abroad.

• AIR increases Sandy loss estimate to $16bn-22bn

  27 November 2012

  Superstorm Sandy was much more costly than previously thought, with modelling firm AIR Worldwide updating its insured loss estimates to the $16 billion-22 billion range, up from $7 billion-15 billion initially.

• California holds first carbon auction as legal threats loom

  27 November 2012

  California has hailed its first auction of carbon allowances as a success, but legal challenges continue to undermine confidence in its future.

• 2°C target to be missed as dangerous climate change looms

  27 November 2012

  A host of organisations have warned that the world is on course for dangerous levels of climate change because current emission reduction initiatives will fail to limit warming to the 2°C target that underpins international efforts.

• Water trading could improve Europe's water quality – EEA

  26 November 2012

  Economic instruments, such as water trading, could help reduce pollution and overconsumption of water supplies in Europe, according to the European Environment Agency (EEA).

• IEA sounds warnings on Korea's nuclear sector

  26 November 2012

  The International Energy Agency (IEA) has called for South Korea to enhance its nuclear oversight following a series of incidents at reactors in recent weeks.

• Governments must take on CCS risk, warn insurers

  23 November 2012

  Insurers have warned they will be unable to fully underwrite carbon capture and storage (CCS) programmes in the EU, and governments will have to accept some of the risks.