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Ratings actions diverge for solar and wind sectors, says S&P
13 April 2018Changes in credit ratings of solar energy projects have mostly been positive in recent years, thanks to "benign operational risks and lower-than-expected costs," said S&P Global Ratings in a research note.
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Canada seeks more opportunities in sustainable finance
13 April 2018An Expert Panel on Sustainable Finance has been set up by the Canadian government to help the country's businesses exploit new opportunities in clean energy and other climate-related activities.
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Banking on a changing climate? Part 2
13 April 2018Climate change poses a significant threat to banks. How big is their exposure to climate risks, and what are they doing to mitigate them, asks Peter Cripps. The second part of this two-part feature explores physical risks and liability risks
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Danish pension fund excludes 35 oil companies on climate grounds
12 April 2018PKA has excluded 35 oil and gas companies from its investment portfolio based on concerns about their approach to climate change.
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CEFC injects $150m into Australian infra fund
12 April 2018Clean Energy Finance Corporation (CEFC) has made its first equity commitment to Australia's largest infrastructure fund to reduce carbon emissions.
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Shell says it faces 'low risk' of stranded assets
12 April 2018Oil and gas giant Shell said there is "low risk" of it having stranded assets, and predicted as much as 80% of its proved oil and gas reserves will be produced by 2030.
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Green bond round-up - 11 April
11 April 2018The government of Lithuania has announced plans to issue a sovereign green bond "at the end of April" to finance a 10-year, €68 million ($84 million), loan to the country's Public Investment Development Agency to fund renovations of 156 multi-apartment buildings that improve energy efficiency and reduce heating costs.
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Lloyd's syndicates seek $500m to cover 'natcat' losses
11 April 2018Lloyd's of London insurance syndicates have asked their capital providers for more than $500 million, and some have also drawn on letters of credit with bankers, to help cover the financial damage from 2017's natural catastrophes (natcats).
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Creating business value via water
11 April 2018Companies can create greater value through a water strategy that goes beyond water stewardship, says Will Sarni
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CDSB updates framework to be TCFD-aligned
11 April 2018The Climate Disclosure Standards Board (CDSB) has revamped its framework for environmental reporting to align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).