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Insurer backs development of 'blue carbon' credits
15 May 2018Insurance company XL Catlin is supporting a project to develop a novel type of carbon credit which it refers to as 'blue carbon resilience credits'.
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EU carbon market weekly update - 14 May 2018
14 May 2018A sideways move in EU Allowance prices is likely this week, but further gains remain a possibility despite increased auction supply, says Louis Redshaw.
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New UK pension regulations 'will focus on ESG'
14 May 2018A shake-up of UK pension regulations is likely to lead to "a greater focus on trustees at least having to consider" environmental, social and governance (ESG) factors, according to a leading law firm.
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Lloyds Bank introduces £2bn clean growth finance scheme
14 May 2018Lloyds Banking Group is offering a £2 billion ($2.7 billion) funding scheme to support companies that invest in the transition to a low-carbon economy.
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TCFD recommendations should remain voluntary, says UK regulator
14 May 2018It is important that the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) are not mandatory, according to a senior Bank of England official.
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Aviva under fire for taking only "baby steps" to move away from coal
11 May 2018Aviva has become the latest insurer slammed by the Unfriend Coal network, a coalition of non-governmental organisations (NGOs) that targets insurers facilitating fossil fuel extraction, for investing in the coal sector.
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CPPIB to pay $1.4bn for Enbridge renewables assets
11 May 2018The Canada Pension Plan Investment Board (CPPIB) has agreed to pay an initial CAD1.75 billion ($1.37 billion) for a 49% stake in 16 renewables assets.
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UK yieldcos outperform North American counterparts on risk-adjusted return, study suggests
11 May 2018UK yieldcos have outstripped their North American counterparts and performed better on a risk-adjusted basis than conventional energy investments, academic research has shown.
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£29bn UK pension pool unveils responsible investment strategy
11 May 2018The £29 billion ($39 billion) Brunel Pension Partnership pool of 10 UK local government pension scheme (LGPS) funds has published its responsible investment strategy.
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Aviva Life buys £100m Tideway green bonds
11 May 2018UK-based Aviva Life & Pensions and an unnamed UK insurer have purchased a trio of green bonds worth £175 million ($237 million), issued by the developer of the Thames ‘super sewer’.