Online News 8 October
Aviva calls for CDP to launch ‘Carbon Mitigation Project’
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.
Industry questions Commission’s CCS shortlist
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.
US government watchdog suggests ethanol tax credit unneccesary (from Bioenergy Business)
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.
Triodos raising €90m to double sustainable lending
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.
UK eases first year of carbon trading scheme (from Carbon Finance)
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.
Clean energy investment slips again
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.
FRR calculates climate risk to asset classes
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.