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No CCS project likely to be funded in first wave of NER300
17 December 2012The European Commission (EC) is set to give the go-ahead for €1.5 billion ($1.9 billion) of funding through its NER300 programme tomorrow, but is unlikely to lead to any carbon capture and storage (CCS) projects being commissioned, Environmental Finance has learned.
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NGOs file lawsuit over $3bn Ex-Im loan to LNG project
17 December 2012Three conservation groups have filed a lawsuit challenging the US Export-Import Bank's loan to a liquefied natural gas (LNG) facility in Australia's Great Barrier Reef, claiming the project damages marine life.
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Dominion buys biggest fuel cell power project in North America
17 December 2012The biggest fuel cell power project in North America has been bought by energy giant Dominion Resources in a deal reportedly worth $125 million.
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Corporate ESG reports fall short of investment grade
17 December 2012Investors are increasingly interested in companies' environmental and social performance, but corporate reporting is too often not up to scratch, say Elliot Frankal and Adam Garfunkel
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CCC meeting shows support for 'backloading' in doubt – analysts
14 December 2012Plans to boost EU carbon prices reportedly suffered a further set-back yesterday after several countries refused to say whether they would support the initiative.
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The PRI's $32 trillion challenge
14 December 2012The Principles for Responsible Investment's James Gifford talks to Mark Nicholls about how the PRI is starting to occupy the 'mainstream' of investment management. But will the breadth of its membership slow down its mission?
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Cat bond market primed for expansion
14 December 2012Stable pricing of catastrophe (cat) bonds and the development of cat models should mean a wider range of perils and regions is covered in future, according to Swiss Re.
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Sustainability ratings principles to be unveiled next year
14 December 2012Ceres and the Tellus Institute are to unveil the principles underpinning their Global Initiative for Sustainability Ratings (GISR) by the middle of next year, in an effort to create a benchmark against which the profusion of corporate sustainability ratings can be judged.
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New financial model needed to tackle climate change - Prince Charles
14 December 2012Current accounting methods are failing to enable businesses to adequately tackle climate change and need to be replaced with a new system that values the earth's natural capital, Prince Charles warned a meeting of business leaders.
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AWEA proposes six-year phase out of renewables incentive
14 December 2012The American Wind Energy Association (AWEA) has proposed a six-year phase-out of the industry's crucial production tax credit (PTC), which is dangerously close to expiration.