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Cat bond market set for a record year, after strong Q2, says Willis
11 July 2014An unprecedented $4.5 billion of catastrophe bonds were issued in the second quarter of this year, putting the market on track for a record year, according to Willis Capital Markets & Advisory (WCMA).
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Impax buys property fund from Climate Change Capital
11 July 2014Impax Asset Management has acquired the Climate Change Property Fund and its management team for an undisclosed price, with a view to setting up a new investment vehicle.
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Nordex sells 27.5MW of onshore wind capacity to investment firm
11 July 2014German wind turbine maker Nordex has sold two French wind farms, with a combined capacity of 27.5MW, to GN Renewable Investments, based in Luxembourg. The price paid was not disclosed.
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Suzlon bondholders approve $546.9m debt restructuring
10 July 2014Indian wind turbine manufacturer Suzlon has gained approval from bondholders to restructure $546.9 million of existing bonds into convertibles.
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Senate rejects attempt to repeal Australia's carbon tax
10 July 2014Australia's senate has voted down the government's attempt to repeal the controversial Carbon Pricing Mechanism or 'carbon tax'.
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Barclays-MSCI Green Bond Index may assess performance of issuers
10 July 2014The proposed green bond index from Barclays and MSCI is likely to take the issuer's green credentials into consideration when deciding which bonds to include.
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EU launches €3.7bn PPP to develop bio-based economy
09 July 2014A €3.7 billion ($5.0 billion) public-private partnership has been launched to develop a range of technologies to convert biomass into chemicals, energy and new materials.
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People moves
09 July 2014The latest personnel changes across the industry, including departures at Duke Energy, appointments at GDF Suez and new positions at Northern Trust
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Shell underestimates 'stranded assets' risk, says Carbon Tracker
09 July 2014Royal Dutch Shell is underestimating the risk that some of its oil and gas reserves could become 'stranded assets' as a result of action to combat climate change, according to the Carbon Tracker Initiative (CTI), a financial sector think tank.
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Italy sees new type of green bond come to the market
09 July 2014Italy's second green bond this year will be its first from a pure-play renewables firm, and will be structured in a way the market has not seen previously.