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Impax launches Asian environmental fund
10 September 2009UK-based investment manager Impax Asset Management is to list an investment trust focused on environmental companies in the Asia-Pacific region.
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France unveils carbon dioxide tax
10 September 2009The French government will next year introduce a carbon tax of €17 ($25) per tonne of carbon dioxide (tCO2) emitted, President Nicholas Sarkozy announced today.
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EU reveals financing proposal for Copenhagen summit
10 September 2009The EU is willing to pay an annual contribution of up to €15 billion ($22 billion) by 2020 to help developing countries fight climate change, according to a European Commission proposal.
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Clean-tech 'carnage not over' – Intel Capital
10 September 2009Valuations for venture-stage clean-technology companies have further to fall, according to one of the heads of Intel Capital, who expects to invest less in the sector in 2009 than in either of the previous two years.
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IFC suspends funding for palm oil sector after critical review
09 September 2009The World Bank's International Finance Corporation (IFC) has stopped investing in palm oil projects pending the development of a new strategy to address environmental and social practices associated with the material.
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US awards $500m in grants to renewables projects
03 September 2009In a quicker than expected turnaround, the US government has awarded more than $500 million in grants to 12 renewable energy projects whose developers chose to receive cash payments rather than tax credits.
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Indian Energy IPO limps over the line
03 September 2009The first clean-technology company to seek a stock market listing in London since the financial crisis began trading yesterday – but with just £9.75 million ($15.75 million) raised, down from the £25 million hoped for by Indian Energy's brokers.
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Khosla raises more than $1b into clean-tech funds
03 September 2009Venture capital (VC) firm Khosla Ventures has closed two funds investing in clean technology (clean-tech) and information technology with more than $1 billion.
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Biopetrol sees turnover halve and warns of more cheap imports
02 September 2009Turnover of the Switzerland-based biodiesel producer Biopetrol Industries dropped by half in the first half of this year compared with a year before, to €69.7m ($99.5m) from €139.8m, while the net loss increased to €12.3m from €7.1m.
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Better oversight
01 September 2009In mid-August, more than 100 UK police swooped on a number of addresses in and around London on behalf of Her Majesty's Revenue & Customs (HMRC). Nine people were arrested on suspicion of involvement in a £38 million ($62 million) carousel fraud, involving carbon allowances in the EU Emissions Trading Scheme (ETS).