European carmakers want EU policymakers to free up some €40 billion ($54 billion) in low-interest loans to help the industry transition toward low-emission vehicle production amid evolving financial turmoil and an expected slowdown in global economic growth.

The three main EU political parties are holding individual meetings tonight to thrash out issues and voting strategies before tomorrow's crucial environmental committee vote on Europe's climate and energy package.

Japanese Foreign Minister Hirofumi Nakasone on Monday stressed the need for his country and the United States to exercise leadership in tackling climate change, which he described as "one of the most significant issues of the 21st century."

Mexican state-owned oil firm Pemex signed a letter of intent with Norway's Statoil to develop a clean development mechanism (CDM) project that could reduce 120,000 tonnes annually at a Mexican gas processing facility.

The Danish government should make its green tax system more efficient and fair, as the government is set to make some DKK5 billion ($1.1 billion) each year after 2013 from auctioning carbon dioxide (CO2) allowances in the electricity sector, the

Members of a Polish online electricty trading platform, called poee, can now trade carbon on the Nord Pool exchange after the two bourses linked their systems, the Norwegian-based bourse said today.

The UN board that oversees the clean development mechanism (CDM) issued just above 1 million credits today to ten projects, after not having issued any for the last ten days.

US geothermal energy capacity is poised to more than double over the next seven years to nearly 6,000 MW, according to a new report by an Icelandic bank active in the global geothermal energy market.

European carbon prices followed the sharp falls in global commodity and equity prices on Monday.

California is the most energy efficient of all 50 US states, according to a new report.

A plan approved by regulators to build a wind farm off the coast of New Jersey could cut 11 million tonnes of carbon dioxide in the state over the project's 25-year life span, according to the wind farm developer.

Sainsubry's is expected to report a 3.9% rise in second-quarter underlying sales on Wednesday, up from the first quarter, but still lagging behind rivals.

The number of new homes built this year is expected to fall short of the Government's target by 100,000, it emerged yesterday

Lehman Brothers chief Dick Fuld is due to face his critics in Congress

Michael Grade is expected to say the company will stay committed to public service broadcasting when it is no longer forced to provide the news

Germany rescued the country's second biggest mortgage lender from going bust in a £40bn deal

Two of Europe's largest banks stoked fears of a domino effect among the Continent's troubled financial institutions

Pressure is growing on the Bank of England to deliver the first cut in interest rates since April amid fears that the economy is facing a deep recession

Russian President Dmitry Medvedev sparked fury when he claimed the Kremlin had not meddled in the acrimonious TNK-BP dispute

Oil prices fell by almost $2 a barrel as attention shifted to the fallout of the credit crisis on business.