News

• NIB taps Nordic institutions for $74m environmental bond issue

  31 August 2012

  The Nordic Investment Bank (NIB) has issued its second environmental bond, raising SEK494 million ($74 million) specifically for investment in a portfolio of environmentally sustainable projects.

• Private sector finance backing UK low-carbon sector – Green Alliance

  31 August 2012

  Low-carbon projects in the UK are attracting far more private sector investment than carbon-intensive projects, according to a think-tank study which claims the UK is the green financing capital of the world.

• Q-Cells sold to South Korean company

  31 August 2012

  A South Korean conglomerate has bought German solar manufacturer Q-Cells, which filed for insolvency earlier this year.

• Isaac will cost insurers $500m to $1.5bn – Eqecat

  30 August 2012

  Insured losses from Hurricane Isaac are expected to fall between $500 million and $1.5 billion, according to catastrophe risk modeling firm Eqecat

• China tops renewables investment index, US marked down – E&Y

  29 August 2012

  China remains the best place to invest in renewable energy, whereas the policy limbo in the US has made the country less attractive to investors, according to Ernst & Young.

• UN launches water footprint guidelines

  29 August 2012

  A UN initiative has launched guidelines for corporate water disclosure, backed by companies including Coca-Cola and Nestlé and investors such as Robeco, Norges Bank and KfW's DEG Invest.

• US drought seen costing $20bn – AIR

  28 August 2012

  The extreme US drought could lead to up to $20 billion in insured losses, according to catastrophe modelling firm AIR Worldwide.

• Romney platform 'bad news for clean energy sector'

  28 August 2012

  The US clean energy sector would be the clear loser if Mitt Romney wins the US presidency.

• GCF board holds first meeting, elects chairs

  24 August 2012

  The first meeting of the Green Climate Fund (GCF) board began on Wednesday, and two co-chairs have been elected.

• Australia's AGL expects A$1bn carbon costs in 2012-13

  24 August 2012

  Australian utility AGL predicted its carbon-related costs at A$1 billion (US$1.02 billion) this financial year, as a result of the country's carbon pricing mechanism.