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NAB faces flak over Port of Newcastle sustainability-linked loan
07 May 2021National Australia Bank (NAB) has faced criticism after it helped lead a sustainability-linked loan and green loan to the Port of Newcastle (PON) in Australia - which facilitates the largest coal export throughput in the world - with one campaigner arguing that it also raises questions about the validity of NAB's green bonds.
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IEA calls for spending on renewables to increase to $400bn
15 June 2015Annual investment in renewable energy needs to increase to $400 billion by 2030 or the chance to avert catastrophic climate change will be "missed forever", the international Energy Agency (IEA) has warned.