News

• UK climate ministry wins battle over onshore wind subsidies

  25 July 2012

  The UK's Department of Energy & Climate Change (DECC) has succeeded in holding cuts to onshore wind subsidies at 10% – winning a battle with the finance ministry, which wanted deeper cuts.

• ROC rebanding to shift coal giant to biomass

  25 July 2012

  Changes to UK support for renewable energy announced today mean that Drax, the UK's largest coal-fired power station, could switch to using mostly biomass within five years.

• New Jersey solar bill risks 'triggering new SREC crash'

  24 July 2012

  New Jersey governor Chris Christie has signed a law designed to breathe life into the state's crippled solar renewable energy certificate (SREC) market – but industry advocates warn that it could trigger a catastrophic new wave of SREC oversupply.

• UK Treasury 'an obstacle' to low-carbon development

  24 July 2012

  The UK's finance ministry is obstructing plans to encourage investment in low-carbon energy, according to NGOs and a committee of parliamentarians.

• IDEAcarbon to examine R20's low-carbon projects

  23 July 2012

  Climate finance research firm IDEAcarbon has teamed up with Arnold Schwarzenegger's Regions of Climate Action (R20) organisation to analyse low-carbon energy projects developed by regional governments.

• Budget cuts threaten US military's renewables investment

  20 July 2012

  The US Department of Defense (DOD) could be forced to make a tough choice between continuing to increase its investments in clean energy or paying basic expenses if automatic spending cuts kick in early 2013.

• Singapore Exchange teams up with Trucost on environmental risk

  19 July 2012

  Environmental analysis firm Trucost has linked up with the Singapore Exchange (SGX) to help Asian listed companies better understand their environmental impacts.

• 'Fundamental problems' devilling US renewables loan guarantees – think-tank

  19 July 2012

  The US Department of Energy (DOE) loan guarantee programme has fundamental problems that are disrupting the financing markets for US renewable energy, according to a conservative think-tank.

• Allianz sets up ESG Board

  19 July 2012

  German insurance giant Allianz has set up a board to advise on environmental, social and governance (ESG) issues across the organisation, in what it says is a first of its kind.

• Acciona looks to issue $335m of wind bonds

  19 July 2012

  Energy and infrastructure developer Acciona is looking to raise $335 million from bond investors to refinance two Mexican wind farms.