News

• Extend US renewables tax credit: investors

  26 October 2012

  A key US renewables tax credit incentive needs to be extended urgently to prevent the sector's competitiveness being "severely damaged", a group of investors has warned.

• Investors welcome Drax cash-call

  25 October 2012

  A £180 million ($287.8 million) cash-call from Drax – the UK's largest coal-fired power plant – to help convert it to running predominantly on biomass was welcomed by investors today.

• Combine PACE, third-party financing to boost solar, say experts

  25 October 2012

  A hybrid financing mechanism involving Property Assessed Clean Energy (PACE) bond programmes can create a new, scalable option to finance solar energy projects in the commercial market, according to stakeholders.

• Climate change poses litigation risk for pension fund trustees – law firm

  25 October 2012

  It is only a matter of time before a pension fund trustee faces litigation for failing to address climate change risks, according to a new report.

• BrightSource raises $80m, Alstom ups holding

  25 October 2012

  Solar thermal company BrightSource Energy has raised more than $80 million in equity financing in an investment round led by Alstom and VantagePoint Capital Partners.

• IKEA to invest €1.5bn in renewables by 2020

  24 October 2012

  IKEA will more than double its investments in renewables and is targeting "energy independence" by the end of the decade, according to its new sustainability strategy.

• BoAML launches 'fighting drought'-themed tradable stock screen

  24 October 2012

  Bank of America Merrill Lynch (BoAML) has created a list of stocks and a tradable stock screen comprising firms it considers to profit from fighting drought and promoting food, water and energy security.

• CDP water survey to rank firms

  23 October 2012

  A closely watched survey of how some of the biggest global companies are responding to the challenges threatening their water supply is set to rank respondents in terms of their performance, it was revealed today.

• Investors worth $2trn press Canadian oil sands developers on ESG

  23 October 2012

  Canadian oil sands developers must dramatically reduce the environmental and social impact of their operations, according to investors.

• Green Climate Fund moves on private sector

  23 October 2012

  The board of the Green Climate Fund (GCF) has kicked off discussions about how to involve the private sector in its workings.