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Japan's largest banks hit by shareholder climate action

Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in stranded assets.

Activists file climate resolutions at Japanese companies

IFC tightens coal phase-out conditions on financial clients

The International Finance Corporation (IFC) has strengthened its approach to thermal coal investment exposure among its financial institution clients, announcing it will not make equity investments in firms that do not have a phase-out plan in place.

Renewables M&A deals up a third in 2013, further activity expected in 2014

The value of mergers and acquisitions in renewable energy rose nearly a third in 2013, driven by utilities looking to offload the assets to raise capital, a consultancy firm has found.