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Stern: Climate action could see oil and gas companies' valuations drop 60%
19 April 2013The valuations of mining and oil and gas companies need to be rethought to account for the threat action on climate change poses to their business models, said Nick Stern yesterday.
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Mandatory ESG reporting to stock exchanges to take 'at least four years'
18 April 2013It is likely to be at least another four years before major stock exchanges make reporting environmental, social and governance (ESG) issues mandatory for companies, an analysis firm has claimed.
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Connecticut's green bank shows the way
18 April 2013A radical approach to attracting private capital for clean energy projects via a 'green bank' has been pioneered in Connecticut. As Gloria Gonzalez reports, it is attracting plaudits from far beyond the state line
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Figueres: Carbon markets will prevail despite backloading slump
18 April 2013The UN's climate chief has denied that the rejection of a quick fix to the EU Emissions Trading System (ETS) was a "death blow" to carbon markets, despite prices in the world's largest ETS plunging to a new record low yesterday.
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Finalised PTC rules welcome boost for US wind, geothermal
17 April 2013A key tax incentive for renewable energy in the US has cleared its final hurdle in a move expected to help boost the industry.
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GreenStream inks first energy efficiency contract in China
17 April 2013Asset manager GreenStream Network has signed its first energy efficiency contract in China as part of its ambitious plans to expand in the powerhouse economy.
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EU asks if weather risk market needs a boost
17 April 2013The European Commission has opened a consultation on how to increase the penetration of disaster risk insurance in the EU, including index-based weather insurance and insurance-linked securities.
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EU's proposed ESG reporting rules must go further – investors, CDP
17 April 2013Aviva Investors and the CDP have urged the European Commission to go further in its proposal of a law to improve large companies' reporting of environmental and social information.
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Backloading rejection threatens to leave EU ETS 'impotent'
16 April 2013A rescue plan for the EU's beleaguered carbon market failed to win the support of politicians today, in a move that pushed carbon prices to record lows and raised fears the cap-and-trade scheme has been rendered "impotent".
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Investor-led group proposes 'integrated reporting' framework
16 April 2013A business and investor-led coalition has launched a framework to help companies integrate non-financial drivers, such as natural capital, into their corporate reporting.