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US Congress poised for energy, climate breakthrough
01 July 2007Hopes are high that the US Congress could pass far-reaching energy and environmental legislation in the autumn, following changes of heart from key representatives, and plans for two comprehensive Senate bills tackling greenhouse gas (GHG) emissions.
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Leaf float raises £200m for North American renewables
01 July 2007EEA Fund Management and Shaw Capital have raised £200 million ($403 million) to invest in North American renewable energy projects through London's Alternative Investment Market (AIM) market.
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US firms underestimating shareholder interest in CR
01 July 2007US corporations underestimate the importance placed on corporate responsibility (CR) by shareholders, according to a survey by Thomson Financial.
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Calvert powers into alt energy
01 July 2007Socially responsible fund manager Calvert has launched a Global Alternative Energy Fund that will invest directly in renewable energy companies (solar, wind geothermal, biofuel, hydrogen and biomass), related technologies and the energy efficiency sector.
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Wal-mart goes solar
01 July 2007Wal-Mart has signed deals with three solar firms to supply and finance photovoltaic solar cells, generating an estimated 20,000MWh/year, to be installed on 22 of its buildings in California and Hawaii.
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Finance sector in the dark on biodiversity risks
01 July 2007The financial sector has a long way to go to understand the rising risks posed by biodiversity loss, according to the author of a report on the subject for the IUCN-World Conservation Union. More work particularly needs to be done to make the link between loss of biodiversity and financial impacts, he said.
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Swiss Re bids to boost cat bond trading
01 July 2007Swiss Re has started indexing the performance of catastrophe (cat) bonds in a bid to increase the transparency and encourage secondary trading of the rapidly growing asset class.
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UK outlines energy efficiency trading scheme
01 July 2007The UK government has published a detailed plan for its proposed cap-and-trade scheme to encourage energy efficiency among big energy consumers.
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Solar IPO enthusiasm remains undimmed
01 July 2007Aspate of photovoltaic (PV) manufacturers have come to market with well-received initial public offerings (IPOs) in recent weeks, tapping into growing investor enthusiasm for solar power.
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OECD bolsters environmental guidelines for ECAs …
01 July 2007OECD countries have tightened the environmental standards a project must meet to receive support from their export credit agencies (ECAs).