Another bumpy ride for solar investors, as First Solar and SunPower shine, while market darling Solar City fails to meet expectations.
Tag: "green investment"
In a fight between corporate responsibility and companies fighting for economic existence, the latter will always triumph. That’s why the current shift in the climate debate – from ‘environment vs business’ to ‘business vs business’ – could have a revolutionary impact on global policy and investment decisions.
Norway’s Storebrand cuts 13 coal and 6 oil sands companies, while America’s United Church of Christ votes to divest from fossil fuels over 5 years.
Cuts to clean coal and renewables funds, carbon price forecast redrawn, but manufacturers to benefit from boosted clean technology funding.
Survey of world’s 1,000 largest funds, with $60 trillion under management, finds little accounting for climate risk. Australia ranks comparatively well.
SolarCity IPO goes ahead with slashed share price. Plus: Conergy’s cyclone-proof PV; $170m to US offshore wind; UK power price warning.
After Doha, business needs to consider whether it is actively seeking the opportunities international and domestic carbon policy signals create.
An open letter from global investor networks calls on governments to develop workable frameworks to reduce climate risk and support low-carbon investment.