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FTSE takes over ET50 with plans to expand
01 November 2007The FTSE Group has taken over calculating and managing the Impax Environmental Technology Index (ET50). The move will also see the UK-based index provider partner with Impax Asset Management, which launched the index in 1999, to expand the ET50 series over the coming year.
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World Bank ups renewables funding; but slammed on dams
01 November 2007The World Bank has increased funding for renewable energy and energy efficiency by nearly 70% year on year, to $1.43 billion in 2007. However, an environmental campaign group has slammed the Bank for spending more on big hydropower projects than on all other renewables and efficiency projects combined.
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PRI push by major South African pension fund
01 November 2007South Africa's Government Employee Pension Fund (GEPF) has announced it will require its external investment managers and advisers to be signatories to the Principles for Responsible Investment (PRI).
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Pensions failing to consider ESG – studies
01 November 2007The UK pension sector is largely failing to consider the environmental, social and governance (ESG) issues that may affect the performance of its investments, according to reports by FairPensions and the UK Social Investment Forum (UKSIF).
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UNEP FI chief warns on PRI free-riders
01 November 2007A UN scheme to encourage responsible investment must begin planning on how to deal with 'free-riders' that fail to live up to their commitments, according to the head of the UN Environment Programme Finance Initiative (UNEP FI), Paul Clements-Hunt.
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People moves this month
01 November 2007DIANE WITTENBERG is leaving the California Climate Action Registry (CCAR) to head the Climate Registry, an organisation formed this year to develop and manage a common greenhouse gas emissions reporting system for North America.
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Greenko to list on AIM
01 November 2007Indian clean energy firm Greenko Group is planning to list on the London Stock Exchange's Alternative Investment Market (AIM).
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E.on acquires Airtricity North America
01 November 2007E.ON is to buy renewable energy firm Airtricity's North American business for $1.4 billion, subject to closing adjustments.
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REEX closes first deal
01 November 2007The Renewable Energy Exchange (REEX), a Singapore-based boutique investment bank, has closed its first financing, raising $25 million for PowerSource Energy Services. The hybrid debt–equity deal involves an unidentified investor taking a 45% stake in the Philippines-based clean energy firm.
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Greentech Energy Systems raises Dkr1,140m
01 November 2007Danish wind energy company Greentech Energy Systems has raised Dkr1,140 million ($221 million) in a share offer on the Stockholm-based OMX. The money will be used to develop its pipeline of wind energy projects.