Gramercy Capital Sheds 29%, Gets 2-Wk Extension of Maturity Dates on Gramercy Realty Loans

Gramercy Capital (GKK) is lower after it announces a two-week extension of the maturity dates of its 0.5 million mortgage loan, with Goldman Sachs Mortgage Company, Citicorp North America, Inc. and SL Green Realty Corp., and 9.7 million senior and junior mezzanine loans with KBS Debt Holdings, LLC, GSMC, Citicorp and SL Green. The new maturity date of the Goldman Mortgage Loan and the Gramercy Realty Mezzanine Loans is April 29.

GREEN ECONOMY SPREADING IN CHINA CCTV News

A forum organized by the Beijing Municipal Finance Bureau, the National Energy Research Institute and the Beijing Green Finance Association was launched this morning in the nation's capital. Its aim is to promote sustainable development of the financial system. This list ranks the Chinese enterprises which have the best rewards for voluntary reductions in greenhouse gases. The measurement of their efforts is also known as the Panda standard. On top of the ranking, is China Everbright Bank. Dai Bing, general manager of credit card center of China Everbright Bank, said, "She says the new system is both an opportunity and a responsibility. A Green credit mechanism needs to be set up to promote a new mode of financing and create innovative financial carbon products." Many believe the new concept of "Buying carbon emission" credits should not rule out learning from other countries. According to Li Junfeng, Deputy director of the Energy Research Institute of the National Development and Reform Commission, there is no country that can claim to be an example of a perfect attempt to reduce carbon emission. Li said, "The US with a population of 300 million utilizes 20 percent of the world's energy. Japan ranks 3rd or 4th in terms of energy consumption, and South Korea is also among the top ten on that list. None of these countries have realized true low carbon development. All of us are on the way, to be exact, at the starting line." Rounds of discussions are expected to be held by ...

Cameron Says Climate Plans Need Green Investment Bank

March 18 (Bloomberg) -- James Cameron, vice chairman of Climate Change Capital Ltd., talks about financing investments in new energy sources. Cameron talks to Rishaad Salamat from a Bloomberg New Energy Finance conference in London. (Source: Bloomberg)