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Malua BioBank sells first biodiversity credits
01 September 2008The first credits from a novel biodiversity biobank have been sold, following a $10 million private equity investment and the establishment of what is claimed to be the first registry of its kind to track credit trades.
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EU?to link to UN?emissions trading system in October
01 September 2008A long-delayed connection between the EU and the UN's two carbon credit tracking systems will be made in October, the European Commission announced last month – providing a much-needed boost to project developers and carbon traders.
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Prince and pension funds join to fight climate change
01 September 2008Ten of the world's largest public pension funds and the Prince of Wales plan to launch the 'P8' initiative on climate change later this year, in time for the next round of climate change negotiations in Poznan.
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Exchanges vie for US carbon business
01 September 2008Two US exchanges are listing contracts for the country's first mandatory cap-and-trade programme targeting carbon dioxide (CO2) emissions, ahead of the inaugural allowance auction on 25 September by six of the 10 states involved.
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CDM Board looks to tighten rules
01 September 2008The Clean Development Mechanism Executive Board (CDM EB) is moving to address concerns over the environmental integrity of the Kyoto Protocol mechanism it oversees with an array of reforms and reviews, designed to weed out projects where the emission reductions are not 'additional' to business as usual.
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Wheb Ventures beats $100 million for new fund
01 September 2008Wheb Ventures has bucked tough market conditions to hit a £57 million ($106 million) first close for its second clean technology venture capital fund. The London-based fund manager is aiming for £150 million on subsequent closes, which would make it one of the largest VC funds raised in Europe to invest in early- and growth-stage clean-tech companies.
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Blackstone launches clean-tech group
01 September 2008Investment and advisory firm the Blackstone Group has established a business group to focus on investments in clean energy and to advise on renewable energy strategies across the company's assets. The team is led by James Kiggen, who joins from AllianceBernstein, bringing with him two principals, Walter Vester and Richard Troyer.
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E.ON and Dong step in to save London Array
01 September 2008The future of the London Array offshore wind farm looks more secure, after E.ON and Dong Energy agreed to buy Shell's stake.
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Investors favour 'ESG' in battle of vocabulary
01 September 2008Environment, social and governance (ESG) has won out in an effort to hack through the thicket of vocabulary surrounding socially responsible or sustainable investment.
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Less than zero
01 July 2008Barely a week goes past without another company claiming some kind of carbon neutrality. But do the claims stack up? Iain Watt and Bill Burtis attempt to make the sums work