April 09, 2009
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Environment Management Newsletter April 09, 2009 |
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| This Week“s Featured News Stories |
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Norway to invest US$3.1bn of state pensions in clean tech
The Norwegian government has announced plans to invest $3.1bn (£2.1bn) from its state pension fund in clean technologies over the next five years. Its move is expected to provide a major boost to a sector that has seen venture capital investment decline in recent months. According to reports from the Cleantech Group, the fund will target investments in renewable energy, carbon capture and storage, water technology, waste management and energy efficiency. Minister of finance Kristin Halvorsen said that there would also be a focus on sustainable development projects in emerging economies. To continue ... |
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Green groups slam G20 `missed opportunity`
Green groups reacted with dismay last night to the historic economic rescue deal brokered at the G20 Summit in London, branding it a `missed opportunity` to secure meaningful action on climate change. While business leaders and anti-poverty groups welcomed the G20`s commitment to provide an additional $1.1tr to the World Bank and IMF and introduce tighter regulations on tax havens and hedge funds, green campaigners were left disappointed by the final agreement`s failure to deliver any specific commitments to curb carbon emissions and invest in green jobs and technologies. Environmental commitments ... |
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