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UN suggests carbon tax to help raise $400bn of development finance
09 July 2012The UN has proposed financial mechanisms to raise $400 billion of development finance, including a $25 tax per tonne of carbon dioxide emissions in developed countries.
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New financing sources to support strong renewables growth – IEA
06 July 2012Electricity generation from renewable energy will rise by 40% over the next five years, and non-traditional sources of financing will play an increasing role in renewables investment, according to the International Energy Agency (IEA).
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Ecosystem mitigation fund reaches $181m close
05 July 2012A private equity fund focused on payments for ecosystem services (PES) markets, involving wetlands mitigation and endangered species protection, has raised $181 million.
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UK business and government set to work on 'circular economy'
05 July 2012Six major businesses have backed the launch of a UK task force to address dwindling global resources.
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Investors unmoved by jump in China solar target
05 July 2012China is to increase its 2015 target for solar power generating capacity to 21GW, but investors and analysts were unimpressed, as they already expect installations to far exceed that target.
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Citi's Brown steps back from sell-side research
05 July 2012Leading climate change analyst Meg Brown has decided to step back from sell-side research at Citi, and is moving to its private banking arm to undertake a project on sustainable finance and philanthropy.
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Sluggish second quarter for clean energy investments
05 July 2012Global clean energy investment continued to cool in the second quarter of 2012, amid financial turmoil in the eurozone and a slowdown in renewables installations in China, according to VB Research.
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OECD agrees greener export credit rules
03 July 2012OECD countries have agreed to enhance the environmental and social due diligence they perform when providing export credit guarantees – and will encourage support for climate-friendly technologies such as carbon capture and storage.
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Bulgaria's renewables sector to be hit hard by slashed subsidies – experts
03 July 2012Renewable energy development and investment in Bulgaria is set to cool following sharp cuts to feed-in tariffs, according to industry experts.
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Sarasin raises $100m into cat bond fund
03 July 2012Switzerland's Bank Sarasin has raised $100 million into a fund that will invest in natural catastrophe (cat) bonds, capping its size because of a lack of suitable assets.