November 20, 2008
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Environment Management Newsletter November 20, 2008 |
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| This Week´s Featured News Stories |
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US bank ploughs US$2bn into green buildings
US bank Wells Fargo claimed this week that its investments in green building projects have broken through the US$2bn mark, after doubling funding for environmentally-friendly buildings in the past 19 months. The company said that it has now financed 45 projects over the past five years that have been certified under the Leadership in Energy and Environmental Design (LEED) standards of the US Green Building Council. `Current market conditions provide us with the opportunity to further demonstrate our unwavering commitment to our commercial real estate customers,` said Larry Chapman, head of commercial ... |
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UK first to auction carbon
The Government has held Europe`s first carbon allowance auction in Phase II (2008 - 2012) of the EU Emissions Trading Scheme (EU ETS). Four million allowances were sold at a total value of GBP 54m excluding VAT, or GBP 13.60 per allowance, Euro/Sterling exchange rate 0.8428. The EU ETS puts a cap on emissions from around 12,000 installations throughout the EU, including the energy and heavy industrial sectors. These sectors are collectively responsible for close to half of the EU`s emissions of carbon dioxide. Energy and Climate Change Minister of State, Mike O`Brien, said: `Today`s ... |
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