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Investment in Ventus funds tops £50m
01 July 2009Climate Change Capital's Ventus funds have raised a further £14 million ($23 million), taking them to a total of more than £50 million since their launch in 2005.
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Econcern finds buyers for some assets
01 July 2009Bankrupt Dutch sustainable energy company Econcern has managed to find buyers for parts of its business, saving the jobs of up to 600 of its 1,100 employees.
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ADB's new energy policy draws fire
01 July 2009The Asian Development Bank (ADB) is to double its clean energy investments to $2 billion from 2013. However, it is to maintain its support for coal-fired generation and some large-scale hydro plants, drawing criticism from environmentalists.
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UK's Brown calls for $100 billion a year climate fund
01 July 2009UK Prime Minister Gordon Brown has called for $100 billion a year to be put aside by 2020 to help developing countries to fight climate change – the first leader of an industrialised country to put a figure on the table.
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Amendments likely as US Senate mulls cap and trade
01 July 2009The battle to create a US federal greenhouse gas cap-and-trade programme now shifts to the Senate, with observers predicting "significant modifications" from the version passed in a close 26 June vote in the House of Representatives.
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Investment rebounds, but remains anaemic
01 July 2009Investment in clean energy and in clean-technology venture capital rebounded in the second quarter from the dismal levels of the first three months of the year, but remains below earlier highs, according to analysts.
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VAT fraud fears roil carbon market
01 July 2009Suspicions of value-added tax (VAT) fraud in the EU emissions market triggered a dramatic drop-off in trading volumes and prompted the French and Dutch governments to change their taxation policies.
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EcoSecurities bidding war fails to ignite
01 July 2009A bidding war for London-listed carbon project developer EcoSecurities has failed to take off, with the two competitors instead joining forces.
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Does the G8 matter?
01 July 2009For many, the recent G8 and Major Economies Forum (MEF) were a big disappointment. Environmentalists had hoped the industrialised world would agree to emissions reduction targets for 2020. They were also expecting signals from some of the larger developing countries, members of the MEF, that they would accept limits to their emissions, maybe committing to 2050 targets.
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People moves this month
01 July 2009Comings and goings in Environmental Finance this month