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UK sets out to reform electricity market, cut carbon
12 July 2011The UK government today set out reforms to the electricity market, with the aim of driving the £200 billion ($319 billion) of investment needed to keep the lights on and meet climate targets.
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US tries again on pollution trading, but will viable markets emerge?
12 July 2011Revamped air quality regulations proposed by the US Environmental Protection Agency (EPA) will give power plant operators more flexibility to engage in interstate trading of sulphur dioxide (SO2) and nitrogen oxides (NOx) emissions allowances, but confusion about the rule is casting doubt on whether viable markets will emerge.
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Financing the Resilient City - A demand driven approach to development, disaster risk reduction and climate adaptation
This report presents a strategy for scaling adaptation to climate change impacts within urban areas. It approaches the adaptation challenge within the overall context of other pressing risks and development challenges confronting the world's urban regions.
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Court battles in offing as US moves to cut pollution
12 July 2011The US Environmental Protection Agency (EPA) will face legal challenges over its new air quality standards, even though the agency sought to balance court compliance with its desire to allow a robust trading market to develop.
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Australia reveals carbon price, proposes A$10bn clean energy support
12 July 2011Australian Prime Minister Julia Gillard has unveiled a comprehensive climate change package, setting an initial price on carbon dioxide of A$23 (US$24) per tonne from 1 July 2012.
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Developing countries take lead on green energy investments
12 July 2011Developing countries invested more in renewable energy last year, overtaking the developed world for the first time, a UN report has revealed.
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Corporate governance for a carbon-constrained world
12 July 2011Rory Sullivan examines what defines corporate leadership on climate change governance – and how investors should test corporate claims
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Sustainability raters challenged on transparency
12 July 2011A consultancy has thrown down the gauntlet to the 100-plus producers of corporate sustainability ratings, calling on them to disclose their methodologies in a bid to improve the sector's transparency.
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$5.4bn bill for Chinese flood damage
12 July 2011Heavy June flooding in China has caused $5.4 billion in economic losses, while the Philippines and the US also face hefty damage bills following catastrophic events, according to research by reinsurance broker Aon Benfield.
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Fossil fuel-heavy stock market a risk to investors – report
11 July 2011The world's stock markets are over-exposed to fossil fuels, putting investors at risk of a 'carbon bubble', according to a report by research group Carbon Tracker Initiative which calls for an overhaul of the way capital markets value risk.