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Willis and Endurance in innovative Australian weather derivatives deal
03 December 2013Willis and Endurance Global Weather have completed a weather derivatives deal to protect a mining firm against the financial impacts of cyclones and heavy rainfall during the construction of a major project.
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Braine takes reins at IETA
03 December 2013The International Emissions Trading Association (IETA) has appointed Bruce Braine, a vice-president responsible for strategic policy analysis at American Electric Power, as its new chairman. He replaces David Hone, senior climate change adviser at Shell, who is stepping down after three years in the role.
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PensionDanmark takes £153m stake in six UK wind farms
03 December 2013PensionDanmark has acquired a 49% stake in a group of UK wind farms owned and run by Falck Renewables, forming a partnership that could lead to further investments.
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Carbon Tracker appoints senior lawyer as first CEO
03 December 2013Anthony Hobley, global head of sustainability and climate change at law firm Norton Rose Fulbright, is to become the first CEO of the Carbon Tracker Initiative.
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Pension fund invests €120m in Dutch offshore wind farm
02 December 2013A pension fund has invested €120 million ($163 million) in a Dutch offshore wind farm that is nearing financial close.
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People moves
02 December 2013The latest people moves in the environmental markets, including appointments at Calvert Investments, CF Partners, Conergy, the Climate Bonds Initiative and more
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Sustainable Development Capital named preferred bidder for energy efficiency fund
02 December 2013Sustainable Development Capital LLP (SDCL) has been selected by the Irish government as the 'preferred applicant' to create a €70 million ($95 million) Irish Energy Efficiency Fund.
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Irish renewables firm secures €92m in new funding
02 December 2013Irish renewable energy company Gaelectric has agreed additional financing of €92 million ($125 million) to fund further growth of its activities in wind power and energy storage.
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Beijing and Shanghai launch pilot carbon markets
29 November 2013Beijing and Shanghai have launched pilot emissions trading systems (ETSs) this week, marking the latest effort by China to develop the world's largest carbon market.
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Offshore wind grid group issues £305m bond with EIB credit enhancement
28 November 2013A company that operates a power connection between an offshore wind farm and the grid has become the first renewables-related bond to receive credit enhancement through a European Investment Bank (EIB) programme.