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BoA climate risk disclosure plan supported by 15% of shareholders
09 May 2014Over 15% of shareholders at Bank of America (BofA) have supported a proposal to improve environmental impact disclosure at the bank.
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Neil Woodford buys stake in Leaf Clean Energy
09 May 2014Neil Woodford, arguably the UK's most famous fund manager, has taken a significant share in a US-based company that invests in renewables firms.
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€35m raised for Irish energy efficiency fund as it inks first deal
09 May 2014The Irish government has launched an energy efficiency fund after reaching a €35 million ($48 million) first close, with more than half the capital coming from the private sector.
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Chinese company 'plans carbon-linked note'
08 May 2014A wind power subsidiary of China General Nuclear Power Group (CGN) is planning to issue up to 1 billion yuan ($160 million) of medium-term notes whose coupon is linked to the price of carbon credits, according to a Reuters report.
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Lloyd's urges insurers to prepare for climate change risks
08 May 2014Insurers should take climate change into account in their modelling of catastrophe risks, Lloyds of London warns in a new report. This may require them to hold additional capital as protection against climate-related risks, said Trevor Maynard, the exchange's head of exposure management and reinsurance.
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People Moves
08 May 2014The latest moves across the industry, including senior appointments at Climate Change Capital, the Sustainability Accounting Standards Board and SunEdison.
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Free fund managers from 'tyranny of benchmarks', says former Schroders CIO
08 May 2014Asset managers must be freed from the "tyranny" of being measured against benchmark indexes to help them address the risk of stranded carbon assets in their portfolios, a former chief investment officer at Schroders has claimed.
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Power to the people
08 May 2014Steven McNab and Jessica Holt review the benefits and barriers associated with greater use of decentralised energy generation.
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Asia Green Capital gets IFC support for Indonesian renewables projects
08 May 2014Asia Green Capital Partners, a Singapore-based investment firm, has entered an agreement with the International Finance Corporation (IFC) to develop wind and solar projects in south-east Asia, particularly Indonesia.
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$1.1trn of oil investment faces stranded asset risk, warns report
08 May 2014Most of the oil reserves at risk of becoming 'stranded' as a result of action to curb climate change are held by private companies, warns a report from the Carbon Tracker Initiative (CTI).