Companies holding United Nations carbon offsets equivalent to 7 percent of the European Union’s annual emissions cap risk losing their investment unless they find a buyer for the credits the bloc banned earlier this year.
The European Union should scrap fossil fuel and renewable energy subsidies and set a target to cut oil imports to remain the leader in the fight against global warming, according to Poland’s environment minister.
Equitix Ltd., a London-based investment company, is investing 10 million pounds ($15 million) in a project to replace inefficient heating systems in public and private facilities with wood-powered boilers.
“Energiewende” may not be a household word in the United States today, but U.S. citizens and policymakers are likely to hear more about it. It’s the name of Germany's ambitious energy transformation, which aims to move the country to at least 80 percent of electricity from renewable energy sources by 2050.Germany already gets nearly 25 percent of its electricity from renewable sources, up from just under 7 percent thirteen years ago. That is no small feat. Germany is a manufacturing powerhouse: It's the world's fifth largest economy and third largest exporter.
Impax Asset Management Group Plc, managing about $3.5 billion, is evaluating investments in four or five publicly traded solar companies in China, Europe and the U.S. as the oversupply of manufacturing capacity declines and prices recover.