The United Nations Environment Programme Finance Initiative (UNEPFI) is seeking feedback from all stakeholders for the second part of its “REDDy – Set – Grow” report on forestry investment by May 23. The first part was launched in London earlier this month at Bank of America Merrill Lynch. Contact
CDC Climat, the climate change arm of French state investor the Caisse des Dépôts, has teamed up with PROPARCO, the private sector arm of development finance institution Agence Française de Développement to invest in carbon emission reduction projects in Sub-Saharan Africa and the Mediterranean region. PROPARCO is also buying a 25% stake in CDC Climat Asset Management and has entrusted it with €30m to invest in the region.
Environmental, social, governance (ESG) research house EIRIS is holding an investor conference on water scarcity next month. Senior United Nations water expert Dr Olcay Ünver will present the key note address at the ‘A Drought In Your Portfolio?’ event at the Royal Geographical Society in London on June 7.
The UK’s planned Green Investment Bank could help create 6,500 jobs in the small scale renewable energy sector, according to a new report from The Co-operative Bank and accountancy firm Grant Thornton. The report, sent to Business Secretary Vince Cable, calls for £200m to be brought forward from GIB’s initial £3bn budget for small-scale renewable schemes.
Bulgaria has passed a renewable energy law fixing tariff incentives for wind energy over 12 years and solar power over 20 years.The United Nations Framework Convention on Climate Change has posted lower income both from voluntary contributions and Clean Development Project fees, according to interim financial statements. They declined by 13% and 11% to $35m and $35.2m respectively. Overall the UNFCCC reported a 5% decline in total income to $107.9. Total expenditure was $98.5m, up 38% on the 2008 figure.
Triodos, the sustainable banking specialist, has partnered with London-based solar panel firm Solarcentury to put solar photovoltaic panels on the roofs of UK buildings. The bank will own the panels whole Solarcentury will install, maintain and manage the systems for 25 years.
The UK is reportedly about to accept the recommendations of the independent Committee on Climate Change for a new carbon budget. The Observer newspaper said that after some wrangling, ministers have agreed a legally binding “green deal” that will commit the UK to 20 years drastic carbon emissions cuts. An announcement was expected today (May 17).
AXA Private Equity has taken a 30% stake in FrancEnergies, the French energy specialist in heat pumps and photovoltaic.
Sportswear company Puma has put a value on its greenhouse gas and water impacts of €47m and €47.4m respectively. The company, which disclosed the figures in its first ever Environmental Profit & Loss Account, added that it would shortly be joining the Sustainable Apparel Coalition, an industry-wide group of leading apparel and footwear brands. Link