The US Energy Department on Wednesday (April, 16) unveiled a plan designed to help commercialize clean energy technologies unable to obtain full commercial financing with up to $4 billion in loan aid. The government agency issued a draft loan guarantee solicitation for “innovative renewable energy and energy efficiency projects located in the U.S. that avoid, read more…
Category: Climate finance
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UK CCS project to receive EU funding
The European Investment Bank on Tuesday (April, 15) announced the completion of its latest sale of carbon allowances under the NER 300 programme (300 million emission allowances). The bank, acting on behalf of the European Commission, started to sell the first tranche of 200 million EUAs on December 2011 and it concluded the first phase read more…
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Exxon says fossil assets not at risk from climate change
US oil and gas company Exxon Mobil on Monday (31, March) released a twofold report assessing potential impacts of climate change mitigation on its future business prospects. The first of its kind report was announced earlier in March in exchange for withdrawal of a shareholder resolution. The company excluded its assets are or will be read more…
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ExxonMobil agrees to report on stranded assets risk
ExxonMobil on Thursday (March, 20) agreed to publish a “Carbon Asset Risk” report describing how it assesses the risk of stranded assets from climate change, according to the press release issued by the shareholder advocacy groups that negotiated the agreement. Arjuna Capital, the sustainable wealth management platform of Baldwin Brothers Inc., and As You Sow, read more…
