World Bank warns of climate finance ‘desert’

kristy Greentech

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World Bank warns of climate finance ‘desert’
The availability of finance to help developing countries tackle climate change is drying up, imperiling the international climate talks, the head of the World Bank’s sustainable development network has warned. More >>>

Relief for renewables as Liberals win in Ontario
Ontario’s subsidy for renewable energy generation dodged a bullet with the surprising victory of the Liberal Party in provincial elections last week – although the feed-in tariff programme could still undergo significant changes. More >>>

The changing face of investor reporting
How should investors report on their approach to responsible investment? The PRI wants your views, says Lorenzo Saa

Stoxx ESG index looks to launch investable products
Index provider Stoxx is in talks to launch exchange-traded funds based on its most recent environmental, social and governance index family, which is weighted by sustainability rather than traditional measures of stock liquidity. More >>>

Trading Emissions reshuffles board, suspends dividend
Troubles at Trading Emissions plc, a London-listed developer of clean energy and emissions reduction projects, have led to four members of the board departing and a suspension of dividend payments. More >>>

DOE loan chief steps down amid Solyndra backlash
The head of the US Department of Energy Loan Programs Office has resigned in the midst of the controversy surrounding the bankruptcy of solar panel manufacturer Solyndra. More >>>

Allianz takes 10% stake in REDD developer
German insurance giant Allianz has invested an undisclosed sum in Wildlife Works Carbon, a US-based developer of projects that reduce emissions from deforestation and forest degradation. More >>>

Moving up the corporate value chain
For many companies, the bulk of their climate impact is to be found outside their operations – making the launch of the Scope 3 reporting and accounting standard a vital step in helping them take a broader view of emissions reduction. Cynthia Cummis explains

SAM water fund marks 10th anniversary
An investor who put money into the launch of SAM’s Sustainable Water Fund 10 years ago would have beaten its benchmark by 26.52% after fees, the Switzerland-based asset manager said today. More >>>