News

• Fossil fuel subsidies 10x renewables support

  29 July 2010

  Worldwide renewable power and biofuels received $43 billion-46 billion in subsidies last year, only a fraction of the government subsidies for fossil fuels, according to preliminary figures from Bloomberg New Energy Finance (BNEF).

• Investors protest Vedanta's environmental record

  29 July 2010

  Growing concern over the environmental and social performance of UK-listed mining firm Vedanta Resources prompted some investors to abstain or oppose resolutions at the company's annual general meeting (AGM) in London this week.

• Renewables sector fights to resuscitate RES in Senate

  29 July 2010

  Renewable energy backers are fighting to overturn the surprising omission of a federal renewable electricity standard (RES) in the limited energy bill being debated by the US Senate, but the odds are against them.

• London report slams EU emissions trade infrastructure

  29 July 2010

  Europe's emissions trading infrastructure falls well short of best practice in financial markets, according to a report published this week.

• People moves

  23 July 2010

  The latest appointments at Jefferies, Osmosis, Evolution Markets, Aviva, HSBC, and more

• US faces water supply crisis: study

  22 July 2010

  A new study says climate change will take a "serious toll" on American water supplies in the coming decades, with the group behind the report calling on Congress to pass "meaningful legislation" to reduce global warming pollution.

• 2010 a record year for offshore wind: EWEA

  22 July 2010

  This year is set to be a record one for the offshore wind sector, says the European Wind Energy Association (EWEA), but a lack of financing is holding back the industry's growth.

• Environmental risk policy in the works at Royal Bank of Canada

  22 July 2010

  Royal Bank of Canada (RBC) is working on an environmental and social risk policy to cover its corporate banking operations, and hopes to be ready for implementation by November this year.

• US renewables financing set to collapse without grant extension

  22 July 2010

  Renewable energy financing will decline precipitously next year if the US Congress fails to extend the cash grant programme, financing experts have warned.

• Climate Institute plans 'asset owners disclosure project'

  22 July 2010

  Following in the footsteps of the Carbon Disclosure Project, the climate change disclosure spotlight is set to be shone on the world's 1,000 largest asset owners.