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BlackRock renewables fund breaks cover with REG deal
24 January 2013BlackRock's long-awaited renewable energy project fund has made what is understood to be its first investment, buying two UK wind farms from Renewable Energy Generation (REG).
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KKR buys stake in Nephila Capital
24 January 2013Private equity giant Kohlberg Kravis Roberts (KKR) has bought a 24.9% stake in reinsurance industry investment specialist Nephila Capital for an undisclosed sum.
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Water disclosure to grow faster than carbon reporting – HSBC
24 January 2013The reporting of water management by companies is set to grow faster than carbon disclosure, according to analysts at HSBC, who warn that China and India are most at risk as the resource comes under increasing pressure.
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Investors will increasingly abandon fossil fuel companies – MSCI
24 January 2013An increasing number of investors will divest fossil fuel holdings this year, amid growing awareness of climate change risks, a leading analysis firm has claimed.
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Statoil, Umicore ranked world's most sustainable companies
24 January 2013Umicore, Natura Cosmeticos and Statoil have been ranked the world's three most sustainable companies by research firm Corporate Knights.
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Obama's climate pledge
23 January 2013US President Barack Obama's powerful statement about climate change and sustainable energy signals that he will continue to support the renewable energy sector, although the specific policies he will pursue remain unclear, experts say. Gloria Gonzalez reports
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Aon Benfield offers index-based weather reinsurance
23 January 2013Aon Benfield has launched a novel reinsurance product, backed by Swiss Re, which offers protection against adverse weather losses in the UK.
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One third increase in climate funding would 'close green investment gap' – WEF
23 January 2013A one-third increase in public sector climate change funding, to $130 billion a year, would be enough to leverage sufficient private finance to address climate change, according to the World Economic Forum (WEF).
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The green investment banker
22 January 2013Shaun Kingsbury has taken the helm of the UK's new Green Investment Bank, and, with it, the challenge of delivering both financial returns and a 'green bottom line'. He talks to Mark Nicholls
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Energy costs threaten economic growth - Tullett
22 January 2013A rapid decline in the profitability of energy production threatens to bring economic growth to a halt within a decade, an analyst at Tullett Prebon has warned.