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Booming biomass demands harmonised sustainability standards – Eurelectric
24 November 2011The EU may need to double its primary biomass supply by 2020 if member states are to meet their renewable energy targets, according to Eurelectric, the trade association for Europe's electricity industry. This will require substantial imports and harmonised criteria on what constitutes sustainable biomass, the association says.
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Meteor eyes £50m for clean energy and carbon fund
24 November 2011Meteor Asset Management has set an initial target of £50 million ($77 million) for its Clean Energy Fund, which will invest mostly in energy projects in developing countries that also generate carbon or other offset credits.
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Insurance leaders lagging on climate investments
24 November 2011Insurance companies are still failing to adequately incorporate climate change risks into their investment portfolios, according to an initiative designed to help the industry respond to global warming.
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UK needs green taxes, say experts
24 November 2011The UK government should shift the tax burden onto pollution, said market experts at The Guardian's CleanTech summit on Tuesday.
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Google cuts renewables programme
23 November 2011Google has cancelled its initiative to drive down the cost of renewable energy, citing the low price of solar modules, but says it remains committed to its more than $850 million of investments in renewables technologies.
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Renewable energy deployment "needs to pick up" – IEA
23 November 2011The world risks locking itself into a high carbon energy system without a radical change in policies, including a global carbon price, according to the International Energy Agency (IEA).
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SRI pioneer proposes Henderson SRI buy-out
23 November 2011Socially responsible investment (SRI) pioneer Tessa Tennant has said she would like to help convene a "rescue group" to buy out Henderson Global Investors' SRI fund management business, following the company's announcement that it is making its SRI team redundant.
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EU carbon price forecasts slashed
22 November 2011Growing fears about the EU's economy have prompted a new wave of downgrades of carbon price forecasts – but a prediction by UBS that prices could slump to €3 ($4.06) next year has elicited a rebuttal from a leading carbon market group.
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Coal power sinks Lynemouth aluminium smelter
22 November 2011Rio Tinto Alcan last week blamed the closure of its aluminium smelter in north-east England on a potential 10-fold rise in environmental costs from 2013.
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Sarasin names likely survivors in solar shake-out
22 November 2011First Solar, Suntech Power, Trina Solar and Solarworld are among the solar photovoltaic firms best positioned to survive the ongoing consolidation in the sector, according to a report from Bank Sarasin.