News

• Europe's weather threatens power, wheat price hikes – Deutsche Bank

  18 May 2011

  Continuing dry and warm weather in Europe could have "far-reaching impacts" on Europe's energy markets and, alongside drought in China, could push wheat prices higher, says Deutsche Bank.

• Solazyme ups IPO target to $184m

  18 May 2011

  Californian algae biofuels company Solazyme is hoping to raise $184 million in its initial public offering, nearly double the firm's original target.

• UK aims to halve emissions by 2025

  17 May 2011

  The UK government is proposing an ambitious and legally binding carbon target which could pave the way for emission reductions of "at least" 80% by 2050, and will continue to push the EU for deeper emission targets.

• Investors urge US to adopt California's 'clean cars' policies

  17 May 2011

  The US government could significantly propel investments in the clean energy and energy efficiency sector by following California's lead in adopting stronger fuel economy and emissions standards through 2025, investment experts said.

• EU projects vie for carbon funding

  17 May 2011

  EU member states have put forward 78 large-scale renewable energy and carbon capture and storage (CCS) projects to compete for funds from the EU's NER 300 programme.

• Puma prices its environmental impact at €100m/year

  16 May 2011

  Sportswear giant Puma says the environmental impact of greenhouse gas (GHG) emissions and water consumption reached nearly €100 million ($142 million) in 2010. The firm sees valuation as a key step in integrating environmental, social and economic indicators into its broader business strategy.

• Japan's nuclear turnaround to prompt renewables rush – HSBC

  13 May 2011

  Japan could increase installations of renewable power capacity by up to 3.5GW a year, HSBC Global Research calculates, as the country rethinks the role of nuclear power in the light of the Fukushima disaster.

• US loan guarantee funds for renewables 'running out'

  13 May 2011

  Renewable energy developers looking for US government financing can no longer rely on the loan guarantee programme funded by the economic stimulus package.

• Tepco dropped from Dow Jones socially responsible investment index

  13 May 2011

  Tokyo Electric Power (Tepco) has been dropped from the Dow Jones Sustainability Indexes (DJSI) family, following "a significant reduction in Tepco's sustainability score" in the aftermath of the Fukushima nuclear disaster.

• Shareholder action on sustainability being used more aggressively – E&Y

  12 May 2011

  Investors are more aggressively using shareholder proxies to force companies to take action on environmental and social issues, a trend that will accelerate in 2011, according to Ernst & Young (E&Y).