Climate change poses a great set of risks to mankind. Who knows better how to deal with, assess, and respond to risk than insurers? The United Nations Environment Programme (UNEP) ClimateWise, the Geneva Association, the Munich Climate Insurance Initiative (MCII) have teamed up to offer suggestions on how to better integrate insurers into efforts to adapt to (more…)
TD Canada Trust is doing what it can for Canada’s green economy. The bank recently commissioned a poll of Canadian house owners to determine Canadians’ awareness of and attitudes toward green energy. The survey, conducted at the end of July and into August, looked in particular at attitudes toward solar panels and found, among other things, that although a third of (more…)
Deere & Co., (NYSE: DE) the parent company of John Deere, said last week it would be selling off its energy division.
Deere said it will sell its wind power division, called John Deere Renewables, including all of its farms in eight states, to energy giant Exelon Corp (NYSE: EXC) for $900 million. The deal calls for $860 million now, (more…)
Fannie Mae and Freddie Mac have already put a halt to many state clean energy and energy retrofit programs affectionately known as Property Assessed Clean Energy (PACE) or PACE like obligations. In July, California Attorney General and candidate for Governor, Jerry Brown, filed a lawsuit against Fannie Mae and Freddie Mac alleging that Fannie Mae and Freddie Mac (more…)
The biggest deterrent for retail consumers to install solar panels on their rooftops is the upfront cost, which may vary depending on the country and state incentives. The cost of repair is on the owner of the panels (most panels are insured for 20 years or more and since they have no moving parts are pretty stable). The inverter that coverts the current to a usable form needs to be (more…)
Of all the lousy things fossil fuels do to our health, finances and national security, add one more: Ideological blindness.
How else can we explain why some otherwise sensible proponents of free markets support huge government subsidies for coal, oil, natural gas and nuclear power? (more…)
The French government recently announced a large investment program for renewables and green chemistry. The investment, totaling 1.35 billion euros ($1.75 billion) will be allocated over the next four years.
Named “ Démonstrateurs énergies renouvelables et chimie verte ” – or renewable energy and green chemistry demonstration – this program plans to allocate 450 million euros in subsidies and 900 million euros in (more…)
US private equity firm Blackstone has decided to invest $300 million in one of the leading solar PV companies in India, Moser Baer (Private) Limited.