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Investors sign up to $10bn climate action plan
01 March 2008Almost 50 institutional investors signed up to a 'climate risk action plan' last week, which includes a promise to plough $10 billion into clean technology within two years.
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SAM doubles AUM in 07
01 March 2008Sustainable Asset Management (SAM) has increased its assets under management to Sfr8.5 billion ($8.1 billion) in its 2007 financial year, an increase of 125% on the previous year. Including the assets on which it advises, the figure is Sfr15 billion.
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Germanic SRI assets leap 90%
01 March 2008The assets managed by sustainable investment funds in Germany, Austria and Switzerland grew by 90% in 2007, reaching €34 billion ($51.7 billion) according to the Sustainable Business Institute (SBI), based in Oestrich-Winkel, Germany. The number of funds also grew, from 137 in 2006 to 181 by the end of last year.
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Indonesia eyes 100Mt of REDD credits
01 March 2008US investment bank Merrill Lynch has joined an Indonesian-based avoided deforestation project which is expected to generate 100 million tonnes of voluntary emission reductions (VERs) over 30 years.
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CERA sees $7 trillion for clean energy
01 March 2008Cumulative clean energy investment could surpass $7 trillion by 2030, according to a study from Cambridge Energy Research Associates (CERA).
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TFS launches green finance division
01 March 2008Brokerage TFS Energy has launched a 'green finance' division, which will focus on sourcing finance for renewable energy and emission reduction projects. The division is headed by Matt Williamson, who joins the firm from New York-based SparQ Energy Advisors, where he was a principal.
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Clarification – CCX
01 March 2008In the February issue, we reported on the launch of the Green Exchange, noting that, unlike the Chicago Climate Exchange (CCX), it will be regulated by the US Commodity Futures Trading Commission (CFTC – see page 6).
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People moves this month
01 March 2008Dutch sustainable energy company Econcern has appointed ANGELIEN KEMNA and her husband AART VAN BEUZEKOM to lead its €1 billion ($1.5 million) fund that will finance solar, offshore wind, biofuels and energy efficiency projects.
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Trading on the tarmac
01 March 2008The inclusion of aviation in the EU Emissions Trading Scheme may have stalled, as the sector awaits a compromise directive to emerge. But, says Udeke Huiskamp, airlines would be well advised to begin anticipating a cost of carbon
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Tough times for managers
01 March 2008Carbon funds can offer institutional investors a convenient – and lucrative – entry into the carbon market. But current market uncertainty is making them a tough sell. Mark Nicholls reports