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Stern backs $100bn IMF climate fund plan
11 March 2010A climate fund proposed by the International Monetary Fund (IMF) to raise $100 billion a year by 2020 has won support from climate change economics guru Nicholas Stern.
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EU greening funds insufficient and unspent, NGOs warn
04 March 2010Most EU funding for renewables and energy efficiency in central and eastern Europe has not yet been spent, a report by Friends of the Earth Europe and Bankwatch has revealed.
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EIB to raise climate lending to €20 billion
01 March 2010The European Investment Bank hopes to lend at least €20 billion ($27 billion) to climate change initiatives this year, up from almost €17 billion in 2009.
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Obama ups renewables funding, cuts fossil subsidies
04 February 2010Clean energy was a winner in US President Barack Obama's proposed budget, with major funding increases despite his pledge to control spending.
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OPIC to slash portfolio emissions 50%
01 February 2010The US has introduced legislation requiring the Overseas Private Investment Corporation (OPIC) to slash greenhouse gas (GHG) emissions from the projects it invests in by 50% over the next 15 years. markets.
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Japanese investors tapped for green bonds
01 February 2010Nikko Asset Management is to launch a fund this month offering Japanese retail investors exposure to 'green' bonds issued by the World Bank.
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US sulphur emissions continue their fall
01 February 2010US sulphur dioxide (SO2) emissions have continued their sharp decline, according to the US Environmental Protection Agency (EPA).
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Professionalising GHG verification
05 December 2009The recent suspension of a leading CDM verification company has highlighted the need to 'professionalise' the auditors of greenhouse gas emissions, say Tim Stumhofer and Michael Gillenwater
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Three G10 governments 'mulling climate-linked bonds'
03 December 2009Governments of at least three of the world's 10 largest economies are actively discussing issuing 'index-linked climate bonds', according to the think-tank that has pioneered the concept. And a number of sub-national bond issuers are also considering launching bonds whose returns are linked to policies to tackle greenhouse gas emissions, said Michael Mainelli, director of the Z/Yen Group.
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Green stimulus cash at risk – HSBC
26 November 2009Less than a fifth of the promised $513 billion in government green stimulus money is set to be spent this year, raising the risk of "retrenchment" as governments seek to exit fiscal stimulus strategies, according to HSBC.