Environment-Renewables
Deutsche Bank revises carbon price forecast – good news for CCS
Deutsche Bank has forecast a 2008 EU Emission Allowance (EUA) price of €40 per tonne, up from €35. The bank says a price of €40 will be high enough to incentivise future power plant and carbon capture and storage (CCS) build.
Utilities seek new credit structures
As US utilities bail out of the auction market, they are turning to enhanced credit structures to refinance bond issues. Catherine Lacoursiere reports
Montreal Climate Exchange open for business
Montreal Climate Exchange (MCeX), the first market for environmental products in Canada, has launched today.
Rising costs hinder new power plant builds
Costs of building new power plants in North America have surged dramatically since 2000 and will continue to rise, the IHS CERA Power Capital Costs Index (PCCI) has revealed. According to the index, the costs have escalated by 130% since 2000 and…
Gazprom joins Nord Pool’s carbon market
Russian energy giant Gazprom has signed up to trade carbon products at Nord Pool, the power derivatives exchange.
Investor confidence in renewable energy still strong
Investor confidence in renewable energy companies is still strong despite the credit crunch, according to an online poll conducted by advisory firm Ernst & Young.
Nymex to Launch U.S. Carbon Allowance Contract
The New York Mercantile Exchange (Nymex) will introduce a U.S. Regional Greenhouse Gas Initiative (RGGI) carbon allowance futures contract, in the third quarter of 2008, pending regulatory review.
CantorCO2e launches VER initiative
Environmental broker CantorCO2e has launched a new venture, the Social Carbon Company, to provide advice and carbon management services to project developers in the Verified Emission Reduction (VER) market.
Enel goes green in China
Italian utility Enel has signed two agreements in China, one to develop Chinese clean coal and carbon capture and storage projects, the other to purchase over 11 million certified emission reduction (CER) credits from green projects in the Chinese steel…
'Boom cycle' for US power prices
With input costs surging and demand growth currently outpacing supply additions in the US power market, analysts are expecting the space to tighten further. David Watkins reports
Swiss Re’s Conning to manage post 2012 fund
Conning Asset Management Limited, a fully-owned subsidiary of Swiss Re, has been appointed to manage a pioneering EUR 125 million post-2012 Carbon Credit Fund.
Orbeo makes first Phase III carbon trade on ECX
Carbon trading company Orbeo has completed the first futures trade for Phase III of the EU emissions trading scheme (EU ETS), on European Climate Exchange’s new 2013 EUA contract.
ECX's CER volumes hit 10 million+ tonnes
The European Climate Exchange says volumes of its certified emissions reduction futures hit over 10 million tonnes in the first 10 days after the March 14 launch
Market split over Green Exchange
The Green Exchange launched its crusade into the environmental trading markets last month, but it will have a battle on its hands to gain critical liquidity, writes Andrew Holt
Suppliers fight for green
A shortage of green power in the US has left some states struggling to meet mandatory renewables supply targets. Long-term supply contracts could help producers build new plants, but utilities and competitive suppliers are feuding over who gets to sign…
Jerome Malka
Jerome Malka, managing director of SG's Orbeo, may have risen rapidly through the ranks, but he doesn't want to make a big deal of it, finds Andrew Holt
Goldman goes for Green
Investment bank Goldman Sachs has joined the Green Exchange as a "founding member," the exchange announced today.