Japan's insured losses could reach ¥2.5 trillion

Corrected: We reported that Atlas Re had a note put on 'credit watch', in the aftermath of the earthquake. Environmental Finance has since learned this was based on incorrect information. Final paragraph has been edited to correct this mistake.

Shipping will look to LNG to reduce emissions, cut fuel costs

Liquified natural gas (LNG) – not crude oil, biofuels or mini nukes – will be the shipping fuel of choice in 2020 as the price of bunker fuel rises and tougher emissions regulations drive the maritime industry toward greener energy sources, according to research from verification and validation company Det Norske Veritas (DNV).

UK's Green Investment Bank launches next year, with £3bn in kitty

The UK's Green Investment Bank (GIB) will launch in 2012, with £3 billion ($4.9 billion) of public money to support low-carbon development, the UK government announced today, to a mixed reaction from investors and analysts. The bank will be allowed to borrow – but not for five years, the Treasury said.

London seeks climate glory, launches £70m green waste fund

London should compete to become a world leader of the low-carbon economy, the city's mayor urged yesterday, as he announced the selection of the first manager for the long-anticipated London Green Fund and an additional £35 million ($57 million) in funding.