ICE CDS Clearing Reaches $12 Trillion in Notional Cleared

According to the press release, “Through 21 September, ICE’s CDS clearing houses have cleared $12 trillion in gross notional with aggregate open interest of $1.1 trillion. ICE Clear Europe has cleared euro 3.4 trillion ($4.6 trillion) of gross notional value of CDS transactions, including euro 530 billion in single-name CDS, resulting in euro 443 billion [...]

European Development Finance Institutions to establish joint climate change fund

According to the press release, “Agence Française de Développement (AFD), the European Investment Bank (EIB) and European Development Finance Institutions (EDFI) will establish a joint climate change fund. AFD, EIB and EDFI members will sign a Memorandum of Understanding for THE INTERACT CLIMATE CHANGE FUND (ICCF) at a meeting in Bruges on Friday. The Parties [...]

Europe Integrates Renewable Energy Through North Sea Grid

While we are all concerned with what calendar will be gracing our walls for the next year, Europe is concerned with much bigger things. Earlier this month Europe announced plans to construct an enormous North Sea electricity grid in 2010. The blueprints for the grid will be released soon following the agreement signed by nine [...]