Environmental Finance Online News

8 October: The chairman of financial services group Aviva today called for the Carbon Disclosure Project to move from disclosure to mitigation – a proposal which was met with an enthusiastic reception by the CDP’s chairman and chief executive.

8 October: The European Commission has proposed a list of six carbon capture and storage projects to receive a total of €1.05 billion ($1.6 billion) in funding, but industry representatives are concerned about the lack of transparency involved in the selection procedure.

8 October: The top US government watchdog has cast doubt on the necessity of federal ethanol subsidies, drawing a sharp rebuke from the Renewable Fuels Association.

8 October: Triodos Bank is seeking €90 million ($133 million) in fresh capital to double its loan portfolio, as it reports “unprecedented interest” in its approach to banking after the financial crisis.

8 October: Retailers and big business caught in the UK’s domestic carbon trading scheme will only need to report on their emissions for the first year of the programme, not surrender allowances, under changes announced yesterday.

8 October: Global investment in clean energy slipped to $25.9 billion in the third quarter of 2009, according to analysis firm New Energy Finance, down from $28.6 billion in the second quarter and 22% below the same period last year.

8 October: Long-term investors should consider shifting out of equities and into bonds, unless they believe ambitious efforts to tackle climate change are likely, a working paper by French pension fund Fonds de Reserve pour les Retraites suggests.

3 September: Venture capital firm Khosla Ventures has closed two funds investing in clean technology and information technology with more than $1 billion.

3 September: The first clean-technology company to seek a stock market listing in London since the financial crisis began trading yesterday – but with just £9.75 million ($15.75 million) raised, down from the £25 million hoped for by Indian Energy’s brokers.

3 September: A hostile takeover bid for emissions reduction project developer EcoSecurities by its former president has moved up a gear, as a new potential buyer enters the frame.