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Impax earnings fall, but new food and agriculture fund will launch next month
29 November 2012Impax Asset Management suffered a 26% fall in operating earnings but said it is poised to benefit from an increase in renewables and the launch of its first fund to invest in food and agriculture.
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UK GIB offers funding for Green Deal Finance Company
29 November 2012The UK's Green Investment Bank (GIB) has made an offer to the Green Deal Finance Company (GDFC) to underwrite the latter's initial post-launch investments, Environmental Finance has learned.
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UKSIF begins search for new Shepherd
28 November 2012The chief executive of the UK Sustainable Investment and Finance Association (UKSIF) is to step down next year, after a total of 12 years at the head of the trade body.
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UK's Green Investment Bank opens with sights on institutions
28 November 2012Making the UK's offshore wind farms attractive to pension funds and insurance companies will be key to the success of the country's newly launched Green Investment Bank (GIB), its chief investment officer said.
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Vestas buys time with deal on credit lines
27 November 2012Analysts have welcomed a deal Vestas has struck with its banks to extend its credit lines, but they warn the wind turbine bellwether remains under pressure to restructure and improve its financial position.
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China Development Bank lends 30bn Yuan for wind projects
27 November 2012The China Development Bank (CDB) is to extend 30 billion Yuan ($4.8 billion) of finance to China Guangdong Nuclear (CGN) to fund its wind energy activities domestically and abroad.
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AIR increases Sandy loss estimate to $16bn-22bn
27 November 2012Superstorm Sandy was much more costly than previously thought, with modelling firm AIR Worldwide updating its insured loss estimates to the $16 billion-22 billion range, up from $7 billion-15 billion initially.
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California holds first carbon auction as legal threats loom
27 November 2012California has hailed its first auction of carbon allowances as a success, but legal challenges continue to undermine confidence in its future.
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2°C target to be missed as dangerous climate change looms
27 November 2012A host of organisations have warned that the world is on course for dangerous levels of climate change because current emission reduction initiatives will fail to limit warming to the 2°C target that underpins international efforts.
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Water trading could improve Europe's water quality – EEA
26 November 2012Economic instruments, such as water trading, could help reduce pollution and overconsumption of water supplies in Europe, according to the European Environment Agency (EEA).