Environment-Renewables
Vattenfall to buy Nuon's production and supply business
In the latest of a flurry of major utility M&A deals, energy firm Vattenfall swoops for Nuon with a view to further cross-border expansion
US government to consider cap-and-trade legislation this year
Imminent draft climate change legislation could include a federal cap-and-trade scheme for CO2 emissions, but questions remain regarding market regulation, finds Pauline McCallion
EPA proposes first national GHG reporting requirements
The US Environmental Protection Agency (EPA) has proposed the first comprehensive national system for reporting emissions of carbon dioxide and other greenhouse gases.
S&P offers carbon efficiency
Index provider Standard & Poor's has launched the first in a series of global low carbon indexes. The S&P US Carbon Efficient Index is designed to provide exposure to the performance of large-cap US companies with low carbon emissions, while aiming to…
Brokerage launches environmental arm
Phoenix Partners Group, an interdealer credit and equity derivatives broker, has launched an environmental brokerage service for the worldwide renewable energy and emissions markets.
Basel Committee to look at Tier 1 capital quality
The Basel Committee on Banking Supervision is preparing radical changes to its rules on capital quality, including a 'soft target' of 75% for equity capital - up from 50% today - and the possible abolition of two-tier capital, according to a senior…
Crunch time for autos
The world's carmakers are battling for survival. Should bondholders shun the sector or is there value in the firms best placed to beat the recession? Nikki Marmery reports
What to do with the toxic debt
The issue of how to tackle the vast quantities of impaired assets lingering on banks' balance sheets has given rise to several possible solutions, chief among which is the notion of a 'bad bank'. Credit asks five market participants how such a scheme…
UK weathers the storm
Markets
Dead in the water?
Basel II
Obama calls for economy-wide carbon cap
President Barack Obama has indicated that the administration will work with Congress on cap-and-trade legislation in an effort to increase US energy independence.
Uncertain outlook for US public power
Moody's has forecast a stable credit outlook for the US public power electric utility sector in 2009, but says the recession and environmental regulations could present challenges.
Global carbon trading to grow by 20% in 2009
The global carbon market will see a 20% boost in volume in 2009, according to the latest figures from Point Carbon.
Vattenfall to buy Nuon's production & supply business
Swedish energy company Vattenfall has made an all cash offer of €8.5 billion for 100% of the shares of Dutch company Nuon's production & supply business. Nuon's grid company is not involved in the transaction.
Enel to acquire Endesa for €11.1 billion
Italy's largest power company Enel has signed an €11.1 billion agreement with Spanish development company Acciona, for its 25.01% stake in Spanish power company Endesa.