Environment-Renewables
Clean and transparent
The process of approving CDM projects, though generally much quicker than it used to be, is still not as transparent as people would like, finds Katie Holliday
Tullett Prebon closes US environmental desk
Interdealer broker Tullett Prebon has closed its US environmental products desk in Jersey City, New Jersey.
Ready for takeoff?
With aviation joining the EU Emissions Trading Scheme in 2012, Alex Meredith of Hunton & Williams asks whether the aviation sector is ready and looks at the potential impact on the carbon market
RWE to buy Essent
Germany's RWE is buy Dutch utility Essent in an all-cash €9.3 billion deal. Essent will become RWE's operating company in the Netherlands and Belgium, and will continue as an independent entity.
Obama plans alternative energy boost
US President-elect Barack Obama has pledged to double alternative energy production over the next three years and construct a new smart grid as part of an economic stimulus plan.
EDF meeting record French power demand
French utility EDF has brought "almost all" of its available generation capacity online to cope with record power demand highs driven by freezing temperatures, the company said today.
Growth in US oil consumption to slow significantly
The latest Annual Energy Outlook (AEO) from the Energy Information Administration (EIA) has forecast virtually no growth in 2009 US oil consumption for the first time in more than 20 years.
E.ON sells 2200MW of generation, enters Belgium
German utility E.ON has announced that it will sell over 2200 MW of generation capacity from German power stations to Electrabel and EnBW. The move comes after E.ON reached agreement with the European Commission to promote competition in Germany's power…
RWE Innogy to build 960MW offshore wind farm
RWE plans to invest $2.8 billion in its first German offshore wind farm following the acquisition of project company ENOVA Energieanlagen, part of the ENOVA Group.
RGGI allowances reach $3.38 clearing price
Regional Greenhouse Gas Initiative (RGGI) allowances sold at a clearing price of $3.38 at the scheme's second pre-compliance auction on 17 December 2008.
Australia to start carbon trading in 2010
Australia's carbon trading scheme will be up and running by the middle of 2010, according to a statement made by the Australian government minister for climate change and water, Penny Wong, at the Poznan climate change negotiations last week.
Essent Trading expands into Nordics and Asia-Pacific
Essent Trading, the Geneva-based trading arm of Dutch utility Essent, has opened representative offices in Norway and Singapore.
European carbon emissions saw increase in 2007
Despite reduction targets, major European electricity producers have increased their carbon emissions since 2007 according to a report released by PricewaterhouseCooper (PwC) last week.
US carbon market addresses known unknowns
The election of Barack Obama as President has made a federal cap-and-trade emissions scheme in the US almost certain. Pauline McCallion reports on how stakeholders are coping with the remaining uncertainties
750 MW Welsh wind farm given go ahead
Npower Renewables, a subsidiary of German utility RWE, received permission on December 3 from the UK's Department of Energy and Climate Change to build and operate the 750 megawatt (MW) Gwynt y Mor wind farm off the coast of North Wales.
Earth Capital Partners to launch $5bn sustainability fund
Former chief executive of Man Group, Stanley Fink, is chairing an environmentally focused fund management company entitled Earth Capital Partners that aims to raise $5 billion over the next five years.
UN suspends carbon credit verifier DNV
The United Nations CDM Executive Board has temporarily suspended Norwegian consulting firm DNV's powers for accrediting clean development mechanism (CDM) projects, prompting potential delays for project developers' issuance of Certified Emission…
EDF reveals counter-offer for Constellation
Constellation Energy has received an unsolicited $4.5bn bid from Electricite de France (EDF) for 50% of its nuclear business.
Enel launches renewables arm
Italian energy company Enel launched renewables arm Enel Green Power on December 1, to expand operating power generation from renewable resources in Europe and internationally.