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'Rainforest bond' aiming to monetise REDD+ credits
06 May 2011A multilateral financial institution is understood to be poised to issue a first-of-its-kind 'rainforest bond' which would repay investors based on returns from the ecosystem services provided by the area of rainforest.
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Environmental regulations grease wheels for another US utility merger
05 May 2011If regulators give the green light to a proposed merger of US utilities Exelon and Constellation Energy, the combined company will be in a better position to finance the continued transition to cleaner energy sources, which in the US goes beyond renewables to include natural gas and clean coal.
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Acquisition boosts Suez Environnement earnings nearly 30%
02 May 2011French water and waste firm Suez Environnement posted a nearly 30% rise in first quarter pre-tax earnings while revenue was up 14%, boosted by the acquisition of Spanish water and services group Agbar.
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CCS boost as $1.3bn Saskatchewan project gets nod
28 April 2011Canadian authorities have given the green light to a C$1.24 billion (US$1.3 billion) carbon capture and storage (CCS) demonstration plant in Saskatchewan, which aims to slash annual greenhouse gas emissions by around 1 million tonnes of carbon dioxide equivalent.
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Biofuels could meet a quarter of transport need without starving the poor – IEA
21 April 2011Global biofuel use could increase more than 13-fold by 2050 and meet more than a quarter of demand for transportation fuel, without jeopardising food and environmental security, the International Energy Agency (IEA) has said.
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EIB backs Latin American 'ecosystem enterprises' fund
21 April 2011The European Investment Bank (EIB) has joined a handful of socially responsible investors in backing an innovative fund that will invest in businesses that protect ecosystems.
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APX-Endex to launch wood pellet trading platform
20 April 2011Biomass power stations will be able to trade wood pellet futures on an exchange for the first time when APX-Endex launches future contracts later this year.
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TVA spends up to $5bn to dismiss lawsuits, comply with pollution regulations
20 April 2011The Tennessee Valley Authority (TVA) will spend up to $5 billion to settled alleged violations of the Clean Air Act - quickening the government utility's transition from coal-fired power to clean energy.
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Q1 clean energy investment slumps amid policy uncertainty
20 April 2011Global clean energy investment in the first three months of 2011 totalled $31.1 billion, a 34% slump on the previous quarter and down 10% on the corresponding period last year, according to Bloomberg New Energy Finance (BNEF).
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REDD report renews McKinsey cost curve criticism
14 April 2011A Greenpeace report which slams consultancy firm McKinsey & Company for its work advising rainforest countries such as Papua New Guinea, Indonesia, Congo and Guyana, has prompted renewed scrutiny of a key methodology used to assess carbon abatement.