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GIB emerges as main Green Deal Finance Co backer
11 April 2013The UK's Green Investment Bank (GIB) provided more than half of the £244 million ($375 million) in financing secured recently by the Green Deal Finance Company (GDFC), it emerged today, with the UK government providing another £50 million separately.
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Citi warns of climate change impact on equity values
11 April 2013Citi has added its voice to those warning of the risk of "stranded assets" in fossil fuel-based companies, as a result of climate change policies.
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Solar investors shift towards 'downstream' firms amid slump
10 April 2013Investment in solar services companies has outstripped all other categories in the sector in the first quarter of this year, marking a shift of focus for investors – although overall investment continues to plummet.
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Topaz set to issue another $250m of solar bonds
10 April 2013MidAmerican Energy's Topaz Solar Farm is set to issue an additional $250 million of 26-year bonds, complementing last year's $850 million landmark bond issue.
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Major companies call for 'backloading' to pave way for EU ETS reform
09 April 2013A group of major European businesses have urged politicians to back a short-term fix to the EU Emissions Trading System (ETS) that they think will lead to a permanent withdrawal of some allowances from the saturated market.
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BofAML tips stocks set to turn trash into $2trn
09 April 2013Bank of America Merrill Lynch (BofAML) has identified companies that are well-placed to gain from the growth of the waste management sector – an industry it estimates will double in value by 2020.
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UBS increases SRI investments, tightens CO2 target
09 April 2013Swiss banking giant UBS had SFr 253.73 billion ($271.49 billion) – 11.38% of its total assets under management – invested according to 'socially responsible' principles, as of 31 December 2012.
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ConEd Development selling $220m of solar bonds – reports
08 April 2013Consolidated Edison Development is looking to raise $220 million via a bond issue to refinance a portfolio of US solar energy projects, according to reports.
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Investors, Nasdaq propose sustainability listing standard
08 April 2013Nasdaq OMX and a group of investors have joined forces in proposing sustainability disclosure standards for stock exchanges.
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Clean-tech VC drops 29% in first quarter
08 April 2013Venture capital (VC) investment in clean technology slumped in the first quarter of 2013 despite a higher number of deals than the previous quarter, as investors continue to favour capital-light transactions, according to the Cleantech Group.