Financing Clean Energy
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In his address on climate change in London yesterday, World Bank President Paul Wolfowitz argues that a framework for public private partnerships is needed to financing clean energy.We are here today to address an urgent issue on the global development agenda—how to meet the rising demand for energy while reducing the carbon footprint.
In the past week, Europe led the way I welcome Chancellor Merkel’s announcement that Europe will reduce carbon emissions 20% by 2020.
It is not only a substantive step towards tackling climate change, but it also creates opportunities to draw the private sector into this effort. Continued...
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With used carbon credits finding a way back to the market, UN backed carbon credits grounded to a halt on Tuesday with exchange prices plummeting to EUR 1.00/tonne of CO2. Meanwhile, European Climate Exchange (ECX) is putting in place new rules to block recycled certified emission reductions (CERs) from trading on the Lodon-based platform 
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