State dropouts will cut mercury prices, says EPA

The US Environmental Protection Agency (EPA) foresees a healthy trading market for mercury, despite the withdrawal of some big states from its planned programme, and says their absence will actually reduce allowance prices.

Goldman exceeds green investment goal

Goldman Sachs invested more than $1.5 billion in renewable energy and clean technologies during 2006, the investment bank said in a report summarising its achievements in the first year of its environmental initiative.

Piper Jaffray closes cleantech fund

US investment bank Piper Jaffray closed a $60 million clean technology venture capital fund-of-funds on 29 January, far exceeding its original target of $25 million.

EIB warns Africa may suffer as Chinese banks move in

Philippe Maystadt, president of the European Investment Bank (EIB), has warned that the bank is losing out on projects in Africa to Chinese lenders that do not apply environmental, social or corporate governance conditions on borrowers.

IFC, State Street to launch emerging markets SRI fund

The International Fin­ance Corporation (IFC) has approved a long-awaited socially responsible investment fund to invest in companies in emerging markets. The IFC claims that the Emerging Markets Sustainability Fund will be the first of its kind, and "is expected to convince private fund managers investing in emerging markets that sustainability policies stand to improve their competitiveness".

Flurry of deals seen in solar sector

In a month that saw a flurry of financings in the solar sector, Q-Cells, Renewable Energy Corporation (REC) and Good Energies have completed a complex multi-billion-euro deal. It sees Switzerland-based Good Energies – an investment company with more than $3 billion in renewable energy assets – selling out of its holding in Norwegian solar company Renewable Energy Corporation, reaping more than $2 billion in cash and shares.

Germany backs down on EU ETS

Germany has decided to accept the European Commission's ruling that it should lower its cap on carbon dioxide emissions for Phase II of the EU Emissions Trading Scheme.

Carbon fever grips Climate Exchange stock

Climate Exchange, the AIM-listed company behind the European Climate Exchange (ECX) and the Chicago Climate Exchange (CCX), was briefly valued at more than £510 million ($1 billion) in February, as its share price hit £12 – up from a listing price of £1.02 in 2003.

Hurricane trading to hit US exchanges

Reinsurance companies have a new way of transferring catastrophe (cat) risk to the capital markets, with the listing this month of futures and options contracts linked to hurricane intensity and property damage.

New climate risk reporting initiative launched

Some of the leading organisations promoting climate change-related corporate disclosure have come together in a new initiative that aims, ultimately, to see carbon firmly embedded within company report and accounts.