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LGIM urges companies to focus on opportunities in low-carbon economy
07 October 2015Legal & General Investment Management (LGIM), one of Europe's largest asset managers, is urging companies in which it invests to focus on the opportunities, not just the risks, arising from the transition to a low-carbon economy.
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Can Paris deliver a meaningful climate deal?
07 October 2015Attempts to build a global agreement from a series of national pledges will help industry and financiers plan low-carbon investments beyond 2020, even if they don't restrict global warming to 2°C, says Graham Cooper
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SunEdison plans more third party asset sales, as yieldcos falter
07 October 2015US renewables giant SunEdison said it will sell more of its operational assets to third parties, or drop them down into its warehouse facilities, rather than sell them to its yieldco subsidiaries, due to changes in market conditions.
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Citi tightens its policy on coal sector lending
06 October 2015US bank Citi has strengthened its policy on lending to coal mining companies and all financing for this sector will now require approval at a more senior level within the bank.
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BNP Paribas offers low carbon ETF in the UK
06 October 2015BNP Paribas' index-based investment unit, Theam, has gained regulatory approval to distribute its low carbon exchange traded fund (ETF) to UK customers for the first time.
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The big debate: Pureplay green bonds
06 October 2015Should bonds issued by 'pureplay' green companies be labelled green without having to specify how the proceeds will be used?
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Renewables to dominate new power generation to 2020, says IEA
06 October 2015Renewable energy will be the largest source of electricity growth over the next five years, as costs continue to fall, the International Energy Agency (IEA) predicts.
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Infracapital takes 70% stake in UK bioenergy group
06 October 2015Infracapital, the infrastructure investment arm of M&G Investments, has committed £160 million ($243 million) to take a 70% stake in the Bioenergy Infrastructure Group (BIG), which has been created to invest in the construction of biomass and energy-from-waste (EfW) plants in the UK.
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Indian renewables agency to launch $305m of green bonds
06 October 2015The Indian Renewable Energy Development Agency (IREDA), the primary government body for financing the country's renewable energy sector, has announced plans to issue up to INR20 billion ($305 million) of green bonds by the end of the year.
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French firm offers free web tool to highlight climate risk from fossil fuels
06 October 2015Novethic, a French research company specialising in socially responsible investments (SRI), has launched a free web-based tool to highlight the actions being taken by national governments, investors and companies to combat climate change.