Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt
Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new issuance to feed the growing appetite for socially responsible investments.
Nordic Renewables Boom Set to Exceed Wind Energy Target
Sweden and Norway will probably exceed a joint target for renewable energy production by the end of the decade, industry consultant Nena AS said.
Scientists Start $150 Billion Program to Cut Clean Energy Costs
Scientists and economists including BP Plc’s former chief executive officer, John Browne, are inviting governments to join a $150 billion program that aims to make clean energy cheaper than coal.
Obama To Announce $100 Million Grants for Ethanol
The Obama administration is set to pledge $100 million Friday to expand the use of special fuel pumps that allow drivers to blend more ethanol into their gasoline, according to people briefed on the announcement. The U.S. Department of Agriculture, which has long championed these so-called blender…
Carbon Market Overhaul Closer After EU Lawmakers Approve Plan
European Union negotiators are endorsing an accelerated overhaul of the bloc’s carbon market after the price of emission rights fell to levels that fail to deter polluters.
Japan Anticipates Clean Energy Will Edge Out Nuclear Power
Japan anticipates that by 2030 clean energy such as solar and hydro will generate slightly more of the nation’s electricity than nuclear power plants.
US Power Grid’s $2 Trillion Upgrade Needs European Efficiency
A $2 trillion push in the U.S. to blend renewable energy into the power supply and fortify transmission lines against extreme weather means that Americans must act more like Europeans to keep their power costs down.
Finland Election Winner Plans to Turn Forests into Bioenergy Gold
Juha Sipila, who once converted his own Chevrolet to run on wood-gas, is counting on the abundant Finnish forests to provide the key to an economic revival.
Australia’s Biggest Power Producer Sees Future without Coal
Australia’s largest electricity producer committed to close its coal-fired power plants within 35 years as part of an effort to cut the nation’s dependence on the fossil fuel.
Australian Clean Energy Deadlock Spurs Companies to Focus Abroad
Political deadlock over Australia’s clean energy future is prompting companies such as Vestas Wind Systems A/S and Acciona SA to increasingly turn to rival markets for growth.