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Green Climate Fund approves $315m of projects - but misses target
16 December 2016The Green Climate Fund has approved a further $315.2 million of funding for projects at its latest board meeting, but has fallen short of its target for the year.
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Belgium's largest offshore wind farm secures €867m debt package
16 December 2016Belgium's largest offshore wind farm has reached financial close, after it secured a 15-year, €867 million ($905 million) debt package from a consortium of 10 financial institutions.
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GIB, MUFG, Siemens and Barclays fund £180m energy-from-waste plant
16 December 2016The UK's Green Investment Bank (GIB) has invested alongside Mitsubishi UFJ Financial Group (MUFG), Siemens Bank, Natixis and Barclays into a £180 million ($225 million) energy-from-waste plant in Wales.
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European energy companies enter market
16 December 2016Leading weather risk specialists see hedging demand growing from energy companies in Europe and the agriculture sector in the US. Joe Walsh reports
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IETA welcomes approval of Environment Committee's EU ETS amendments
15 December 2016The International Emissions Trading Association (IETA) has welcomed the European Parliament's Environment Committee's approval of amendments to the proposed revision of the EU Emissions Trading Scheme (ETS) as set out by the European Commission last year.
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Innovation increases in static market
15 December 2016While Hurricane Matthew attracted most attention, 2016 also saw some significant innovation in the cat bond market, says Joe Walsh
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Market will decide what climate scenarios to use, says Bloomberg
15 December 2016It is up for the market to decide how best to implement the Financial Stability Board's (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) recommendations and which climate-related scenario to deploy, said Michael Bloomberg, chairman of the report.
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Poland issues green bond market's first sovereign bond
15 December 2016Poland has priced a €750 million ($790 million) green bond, stealing a march on other countries such as France and Nigeria to become the first sovereign to tap the market.
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Alliance Trust sells ESG-focussed investment arm to Liontrust
15 December 2016Alliance Trust plc has sold its in-house, sustainability-focused, investment manager Alliance Trust Investments (ATI) as part of a strategic restructuring set to see the investment trust reduce its focus on environmental, social and governance (ESG) considerations.
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Green bond round up
15 December 2016German development bank KfW has confirmed its intention to continue as a major issuer and investor in the green bond market next year.