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Environmental finance goes global
22 November 2011Citi's new head of environmental finance sees a global market unfolding – and has an eye on the debt capital markets and retail investors to provide the money. He talks to Mark Nicholls
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German investor joins RWE's clean energy VC fund
22 November 2011Innogy Renewables Technology Fund I, a clean-energy venture capital fund, has boosted its resources to €115 million ($155 million) following additional investment by its founder, German energy giant RWE, and Hamburg-based investor Conetwork Erneuerbare Energien (CEE).
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Falling mandatory REC prices threaten solar developers
21 November 2011Sales of renewable energy credits in US compliance markets outstripped that country's voluntary market for the first time last year as states strove to meet their green electricity targets set by Renewable Portfolio Standards (RPSs).
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Chu defends Solyndra loan guarantee in five-hour testimony
18 November 2011The US Department of Energy (DOE) did not break the law when it restructured a loan guarantee for now bankrupt solar panel manufacturer Solyndra, Secretary of Energy Stephen Chu said, even though he acknowledged the US government is unlikely to recover much of its investment in the failed company.
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Green insurance agency instead of Green Investment Bank?
18 November 2011The UK would be better off creating a green insurance agency rather than a Green Investment Bank (GIB), according to a specialist in climate change risks.
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KPMG and SAM link up on corporate sustainability
18 November 2011Accountancy group KPMG International is collaborating with Sustainable Asset Management (SAM) to help companies improve their corporate sustainability performance.
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Spanish solar investors press ahead with legal challenge
18 November 2011Fourteen investors are to challenge Spain's government over retroactive changes to support for solar photovoltaic (PV) plants.
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US states formally quit Western Climate Initiative
17 November 2011Six US states have now entirely dropped out of the Western Climate Initiative (WCI), leaving California as the only participating US state.
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Renewables spending to double in next decade – BNEF
17 November 2011Annual investment in new renewable energy capacity will double over the next 10 years, according to Bloomberg New Energy Finance (BNEF).
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'Climate finance' needs better definition
17 November 2011The term "climate finance" has to be better defined both in order to reach a global agreement on international climate policy and to facilitate work at a national level, according to a leading climate industry specialist.