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China sets out renewables spend
01 October 2007A leading Chinese energy planner announced last month that the country will achieve its ambitious renewable energy targets through $2 trillion yuan ($266 billion) in investment by 2020. While much of the money will come from industry, analysts say it is a sign China is getting serious about its energy goals.
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Merrill Lynch unveils environmental framework
01 October 2007Merrill Lynch has become the latest US investment bank to unveil an environmental strategy. However, unlike several of its peers, it has eschewed environmental investment targets, and campaign group Rainforest Action Network (RAN) has dismissed its Environmental Sustainability Framework as 'business as usual'.
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US state wins vehicle emissions battle
01 October 2007Car manufacturers in the US are facing renewed pressure to reduce the greenhouse gas emissions (GHGs) from the vehicles they produce.
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CCFE launches cat futures
01 October 2007The Chicago Climate Futures Exchange (CCFE) has listed futures linked to natural catastrophe events, similar in principle to the contracts launched by the New York Mercantile Exchange and the Chicago Mercantile Exchange (see Environmental Finance, March 2007, page 12).
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Sydney gets clean-tech, carbon trading platform
01 October 2007A new stock exchange for clean-tech and sustainability companies has been launched in Sydney, by the Financial and Energy Exchange (FEX), a new platform that will also trade energy, carbon dioxide and environmental commodities and derivatives.
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Virgin steps back from biofuels focus
01 October 2007Richard Branson's foray into biofuels investment appears to be under pressure, after the company set up by Virgin Group to invest in 'green fuel' start-ups has been re-branded.
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VCs strike gold on European clean energy bets
01 October 2007Venture capitalists (VCs) are set to make annualised returns of 55% on investments in clean energy start-ups in Europe, according to new figures from New Energy Finance (NEF).
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Climate policies risk market distortions – Lehman
01 October 2007Cost must be placed at the centre of climate change policy if market distortion is to be avoided, said John Llewellyn, London-based senior economic policy adviser for Lehman Brothers, in a report published last month.
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Uranium mining enters FTSE4Good
01 October 2007Rio Tinto has become the first company involved in uranium mining to be included in the FTSE4Good index since restrictions were lifted over a year ago.
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CDP and Wal-Mart to target supply chain emissions
01 October 2007The Carbon Disclosure Project (CDP) will join with Wal-Mart to reduce greenhouse gas (GHG) emissions in the giant retailer's supply chain.