LONDON (Reuters) – Global economy woes which have gripped financial markets have made raising capital difficult again for some environmental technology firms, according to Vivek Tandon, co-founder of London-based Aloe Private Equity.
London-based Aloe Private Equity has 175 million euros ($253 million) of assets under management and now has three funds. Its investment portfolio includes 11 firms, mainly in the energy efficiency, renewable energy and recycling sectors.
LONDON (Reuters) – A sector-wide cap-and-trade scheme is the best way to cut carbon dioxide emissions in the global shipping sector, the UK Chamber of Shipping said on Wednesday, as opposed to joining the European Union’s emissions trading scheme (EU ETS).
The sector accounts for over 3 percent of man-made CO2 emissions. It has widely opposed entering the EU ETS, arguing that ships will try and avoid paying for carbon permits by re-fuelling in non-EU ports.
LONDON (Reuters) – Markets in water rights are likely to evolve as a rising population leads to shortages and climate change causes drought and famine.
But they will be based on regional and ethical trading practices and will differ from the bulk of commodity trade.
LONDON (Reuters) – Markets in water rights are likely to evolve as rising population leads to shortages and climate change causes drought and famine.
But they will based on regional and ethical trading practices and will differ from the bulk of commodity trade.
LONDON (Reuters) – Carbon offsets neared all-time lows Friday, confirming their status as the world’s worst performing commodity, as slumping demand meets rising supply of the U.N. instrument traded under the Kyoto Protocol.
A worsening global economic outlook has dented prices for emissions permits which depend on a robust economy belching greenhouse gases into the air, and has also impacted oil, grains, coal and natural gas.
LONDON (Reuters) – The European Union’s benchmark carbon price fell to its lowest level in two and a half years on Wednesday and even though the market looks oversold there could be further downside, technical analysis shows.
Benchmark EU Allowances (EUAs) fell to a fresh 29-month low of 11.05 euros ($15.71) a tonne in mid-morning trade on Wednesday, amid heavy selling on fears of a double dip recession.
LONDON, July 28 (Reuters) – British low-carbon project
developer Camco International Ltd. has expanded its
carbon portfolio in North America, with over two million tonnes
of emissions reductions under contract to date, it said in a
trading update on Thursday.
“North America is an important pillar in Camco’s global
strategy, and we are pleased with the rapid progress the team
has made,” said Yariv Cohen, Camco president.
BRUSSELS/LONDON, July 21 (Reuters) – European steelmakers
said they started legal action on Thursday to overturn the way
the sector has been included in the European Union’s carbon
Industry body Eurofer says the rules for the Emissions
Trading Scheme (ETS) do not set a fair benchmark that would
allow the industry’s most efficient 10 percent of factories to
get free pollution permits after 2013.
LONDON (Reuters) – The International Maritime Organization (IMO) agreed to force energy efficiency design standards on new ships from 2013 to cut greenhouse gas emissions, but developing countries will probably delay implementation until 2017 or 2019, delegates said.
Forty-eight countries voted in favor of adopting a mandatory energy efficiency design index (EEDI) for new ships at a meeting of the IMO’s marine environment protection committee in London on Friday, while five were against and 12 abstained, a source told Reuters.
LONDON, July 13 (Reuters) – Britain has made progress in
getting ready for the effects of climate change but certain
sectors like water would struggle in the event of severe
droughts, said a body which advises the government on climate
“We should not think everything is fine and dandy because
plenty of water comes out of the taps today. It might not be the
same in 20 to 30 years’ time,” John Krebs, chair of the
Adaptation Sub-Committee on Climate Change, told reporters at a