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Posts Tagged ‘emissions’

10 December 2008

RWE npower takes 75 per cent stake in Peel Energy CCS

RWE npower has taken a 75 per cent stake in Peel Energy CCS, which was formerly owned by Peel Energy and DONG Energy.

5 December 2008

Taipei to become Taiwan’s first low CO2 city

Taiwan is on a mission to make its largest county, Taipei, its first low CO2 city, as part of a push to reduce greenhouse gas emissions.

27 November 2008

E.ON set to invest €6bn by 2010 in renewable projects

German energy company E.ON said it would stand by its €63bn investment program for 2007-2010, with €6bn being ploughed into renewable energy projects by 2010.

21 November 2008

Environmental investment firm Trading Emissions acquires CERS from South African landfill project

Trading Emissions, a closed-end investment company specialising in renewable energy projects and emissions instruments, has agreed to acquire approximately 1 million tons of Certified Emissions Reductions potentially to be generated by the Durban Landfill-Gas-to-Electricity Clean Development Mechanism project, up to the end of the Kyoto Protocol's first commitment period, from with South African municipality eThekwini Municipality.

14 November 2008

ElectraTherm raises $2.6m in Series A funding

Energy generator business ElectraTherm has completed its Series A financing round, raising $2.6m.

13 November 2008

Renewables to overtake gas by 2010, International Energy Agency

The International Energy Agency (IEA) has launched World Energy Outlook (WEO) 2008, analysing the challenges posed by worsening oil supply prospects, higher energy prices and rising emissions of greenhouse gases. According to the report, modern renewables are predicted to grow most rapidly, overtaking gas to become the second-largest source of electricity soon after 2010.

12 November 2008

Goldman Sachs to acquire majority of E+Co’s carbon offset portfolio

Investment bank Goldman Sachs has agreed to purchase the majority of non-profit investment company E+Co's carbon offset portfolio. Through the alliance, Goldman Sachs will help promote E+Co's activities in providing investment capital and support services to small, clean energy business ventures in developing countries, the company said.

11 November 2008

EPRI to lead two power projects to slash power plant emissions

The Electric Power Research Institute (EPRI) is to lead two projects to assist electric power companies in adding solar energy to fossil-fueled power plants in an effort to reduce cost and plant emissions.

11 November 2008

Finland announces new climate change and energy strategy

Finland has approved a new climate and energy strategy, with policy measures implemented up to 2020 and suggestions up to 2050.

7 November 2008

BIO pushes for EPA to complete biofuels emissions review

The Biotechnology Industry Organisation (BIO) urged the US Environmental Protection Agency to establish a science-based model for measuring net greenhouse gas emissions related to biofuels production.

31 October 2008

Acciona Energy to invest $495m in US wind

Spanish wind energy company Acciona Energy is in the process of installing two wind parks in the United States, with an investment of approximately $495m.

30 October 2008

Energy-focused private equity firm Altira leads $15.4m Series B round in NxtGen

Energy-focused private equity and venture capital firm Altira Group has led a $15.4m Series B investment round in NxtGen Emission Controls. The company develops syngas technology for diesel engine combustion optimisation, focusing on making existing and new engines cleaner to meet global emission reduction regulations.

29 October 2008

Investment in renewable power and energy efficiency could create $360bn industry, report

Aggressive investment in renewable power generation and energy efficiency could create an annual $360bn industry, providing half of the worlds electricity, slashing over $18tn in future fuel costs while protecting the climate, according to a report from the European Renewable Energy Council (EREC) and Greenpeace International.

28 October 2008

GE’s investment into clean R&D to exceed $1.4bn

US engineering company GE’s revenues from its energy efficient and environmentally advantageous products and services have risen 21 per cent to $17bn in 2008, while its annual investment in cleaner research and development is to exceed $1.4bn, the company announced this week.

28 October 2008

Goldman Sachs partners with climate change offset portfolio Blue Source

Goldman Sachs and climate change offset company Blue Source have announced a strategic alliance, with Goldman Sachs acquiring an equity stake in the company. Blue Source is a portfolio company of energy-focused private equity firm First Reserve Corporation.

24 October 2008

The emissions trading market: risks and challengesp

In March 2008, the FSA's Commodities Group published a report, ‘The emissions trading market: risks and challenges’ as a follow up to its 2007 paper, ‘Growth in commodity investment: risks and challenges for commodity market participants. The report discusses the emissions trading market's main areas of risk, how to mitigate them, and the role of the FSA in the market, writes Pinsent & Masons.

23 October 2008

Carbon capture and storagep

For all the recent talk of CCS’s potential role in reducing CO2 emissions, against increasingly ambitious carbon reduction commitments by Member State governments in Europe, CCS is still as untested and expensive a technology as ever, according to this briefing from Allen & Overy. This technology, with its potential for trapping CO2 from a variety of industrial plant from refineries to cement plant and storing it securely in rock, could indeed be a valuable tool in the battle against climate change.

21 October 2008

Environment: EU publishes its proposals to meet its 2020 emissions reduction targetp

At the March 2007 European Council summit, EU member states committed themselves to cutting the EU’s greenhouse gas emissions by 20 per cent by 2020, compared with 1990 levels, with a promise to move to 30 per cent if other industrialised countries follow suit.

8 October 2008

The Market for Climate Changep

The economic value of emissions trading in the global market is clear. The global market for emissions credits more than doubled in value in 2007 to $64bn, compared to $31bn in 2006, and traded volume in the regulatory markets increased to over 2.9 billion tonnes of CO2. Although smaller in volume, growth in the voluntary market also has been significant, according to law firm Allen & Overy.

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