News

• Environmental insurers braced for Sandy claims, but rate impact seen unlikely

  14 November 2012

  Superstorm Sandy is expected to trigger numerous mould and other pollution claims, but will likely not cause environmental insurers to significantly raise their rates or pull back on coverage, say brokers.

• Renewables 'to take third of power market by 2035'

  13 November 2012

  Renewables are set to close in on coal as the world's biggest source of electricity by 2035, a report has predicted.

• Aviation wins reprieve from EU emissions rules

  13 November 2012

  The European Commission has suspended the application of its emissions trading system to international aviation, in a surprise move which gives the industry a year to come up with a global plan to control its greenhouse gas emissions.

• Water to dictate viability of energy projects – IEA

  13 November 2012

  The amount of water consumed by energy production will almost double by 2035, and the 'thirstiness' of projects will increasingly affect whether they are economically viable, the International Energy Agency (IEA) has warned.

• Energy efficiency can keep 2°C in reach – IEA

  12 November 2012

  The 2°C target that underpins international climate change reduction efforts is set to slip out of reach in 2017, the International Energy Agency (IEA) warned today, but an efficiency push could delay the deadline by another five years.

• Mainstream completes €500m renewables deal in South Africa

  12 November 2012

  Mainstream Renewable Power is to begin construction on three renewable energy projects in South Africa after securing €500 million ($636 million) of financing.

• E+Co launches successor after restructuring

  12 November 2012

  Non-profit clean energy investor E+Co has launched a for-profit affiliate and successor, which will take over the management of its portfolio of renewable energy and carbon projects.

• Australia says yes to new Kyoto target, New Zealand no

  09 November 2012

  Australia is willing to accept a new binding commitment under the Kyoto Protocol that reflects its minimum domestic 2020 target, Climate Change Minister Greg Combet announced today.

• Voluntary carbon reporting 'is reaching its limits'

  09 November 2012

  Companies must be forced to disclose carbon emissions to drive significant reductions, as the current system of voluntary reporting is approaching the limits of what it can achieve, a leading advisor has claimed.

• 'Real options' valuation needed to unlock clean energy investment, say banks

  08 November 2012

  Clean energy investments are being undervalued and potentially rejected because traditional pricing models don't reflect their option value, according to a group of banks and energy companies.