Environmental News

U.S. Affirms 17% Climate Target; Envoys Cite Progress on `Green Fund'

The U.S. failure to pass cap-and- trade legislation won’t change its target for 2020 to reduce greenhouse-gas emissions by roughly 17 percent, climate negotiator Todd Stern said today.
Theolia Plummets in Paris Amid Mounting Losses, Erosion of Cash Position

Theolia SA , the French wind-power company that raised cash this year to avert bankruptcy, fell the most in more than nine months after reporting widening losses and a plan to seek partners to invest in projects.
Vestas May Cut Forecasts a Third Time, Top-Ranked Investor Says

Vestas Wind Systems A/S , the biggest wind-turbine maker, may have to cut its forecasts a third time this year as banks curb loans for wind farms and its competitors gain market share, the top-ranked money manager said.
GE, Siemens, Vestas Back Call for Australia to Introduce Price on Carbon

Australia must introduce a price on carbon to give businesses the certainty needed to invest in clean energy and to create jobs, 20 companies including General Electric Co., Siemens AG and Vestas Wind Systems A/S said.