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Norway's 'oil fund' to exclude companies over environmental concerns
14 October 2013Norway's government pension fund will exclude four companies that pose a risk to the environment from its investment universe, the government announced today, just one week after revealing it is considering establishing a renewables mandate for the $790 billion fund.
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Clean energy investment set to fall in 2013 – BNEF
14 October 2013Global investment in clean energy is set for a second successive annual fall after plunging 20% in the third quarter, according to Bloomberg New Energy Finance (BNEF).
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Small changes in legislation 'could boost green economy'
10 October 2013Relatively minor changes in legislation, in just a few jurisdictions, could have a major impact on the green economy, claims Nick Silver, managing director of the Climate Bonds Initiative.
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Number of operational CCS projects up 50%, but total pipeline shrinks
10 October 2013The number of operational carbon capture and storage (CCS) projects has risen by 50% in the past year, but the overall pipeline has taken a hit after 12 projects were cancelled or put on hold, according to a report.
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OECD chief backs warnings on 'stranded assets'
09 October 2013If governments impose caps on carbon emissions, the risk of "unburnable" fossil fuel assets "could have a significant impact on the valuation of some companies", Angel Gurria, secretary general of the OECD said today.
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Second round of NER300 sales to start next month
09 October 2013The second round of emissions permit sales under the NER300 initiative will begin in mid-November, the European Investment Bank (EIB) has announced.
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Coal assets to suffer most from fossil fuel 'divestment stigma'
08 October 2013Coal stocks are more vulnerable than oil and natural gas to the fossil fuel divestment movement, according to a new study which has called on investors to evaluate the "poorly understood and regularly mispriced" environmental risks in their portfolios.
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ICAO agrees aviation emissions plan for 2020 but 'handicaps EU efforts'
07 October 2013The International Civil Aviation Organization (ICAO) has agreed to introduce a global market-based mechanism to reduce greenhouse gas emissions beginning in 2020, but has been slammed for restricting regional efforts to do the same.
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Norway to buy 30 million offsets to rescue 'stranded' CDM projects
03 October 2013Norway's ministry of finance has signed an agreement to buy up to 30 million carbon credits from projects that risk being discontinued because of low emissions prices.
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India's eagerly-awaited 750MW solar auction 'expected soon'
03 October 2013Activity in India's solar sector is set for a boost, as the government is expected to announce the eagerly-awaited second phase of its solar auction programme, after months of delay.