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GCF board holds first meeting, elects chairs
24 August 2012The first meeting of the Green Climate Fund (GCF) board began on Wednesday, and two co-chairs have been elected.
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Australia's AGL expects A$1bn carbon costs in 2012-13
24 August 2012Australian utility AGL predicted its carbon-related costs at A$1 billion (US$1.02 billion) this financial year, as a result of the country's carbon pricing mechanism.
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Acciona sells $300m of Mexican windfarm bonds
24 August 2012Energy and infrastructure developer Acciona has raised almost $300 million from bond investors to refinance two Mexican wind farms, in what bankers say is the first financing of non-US renewable energy projects in the US capital markets.
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Environmental protection shares jump on China's investment target
23 August 2012China has said it will invest ¥2.37 trillion ($373 billion) in energy-saving projects and pollution control by the end of 2015, boosting share prices of environmental technology companies in the country.
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Repeat of Hurricane Andrew would cost $50-57bn
23 August 2012If Hurricane Andrew were to happen today, it would cost the insurance industry around $57 billion, according to AIR Worldwide.
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Asria head steps down
23 August 2012The general manager of the Association for Sustainable & Responsible Investment in Asia (Asria), Rebecca Mikula Wright, is stepping down.
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Vestas earnings down, shipment forecast cut
22 August 2012Wind turbine maker Vestas has posted an almost 50% year-on-year drop in earnings and cut its shipment projections for the end of the year by about 700MW, adding to fears about the company's growth prospects.
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IFC to work with Vietnam central bank on environmental standards
22 August 2012The International Finance Corporation (IFC) will help Vietnam's central bank strengthen environmental and social loan standards in the country's banking system, it announced this week.
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Typhoon Haiku causes $230m insured losses
22 August 2012Typhoon Haiku, which hit China's Zhejiang province in July, is estimated to have caused ¥1.46 billion ($230 million) in insured losses as of mid-August, according to China Insurance Regulatory Commission.
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US court surprises with EPA pollution rule decision
21 August 2012A federal court has struck down the US Environmental Protection Agency's (EPA) Cross-State Air Pollution Rule (CSAPR), leaving the Clean Air Interstate Rule (CAIR) markets in place by default.