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McKinsey prices climate effort
01 March 2009Climate change could be kept in check at a cost of €200 billion ($265.3 billion) a year by 2030, according to a report by McKinsey & Co.
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Lehman-backed catastrophe bond defaults
01 March 2009A catastrophe (cat) bond issued by US insurer Allstate has defaulted following the collapse of its guarantor Lehman Brothers and poor returns from the assets in which the principal was invested.
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CCFE lists US voluntary carbon credits
01 March 2009The Chicago Climate Futures Exchange (CCFE) has listed futures contracts for carbon offsets registered under the US Climate Action Reserve, the California Climate Action Registry's offset programme.
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Carbon market slump prompts intervention calls
01 March 2009The crash in the EU carbon market has sparked a debate on whether governments should intervene to support prices, amid forecasts that the global carbon market will shrink in value this year.
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Newcombe's C-Quest plans carbon fund
01 March 2009C-Quest Capital, the Washington, DC-based firm headed by carbon market veteran Ken Newcombe, is to begin marketing a managed carbon fund with the ambition of raising "several hundred millions of dollars".
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Man to liquidate CDM fund
01 March 2009MTM Capital Partners, a subsidiary of the Man Group, has decided to liquidate its €400 million China Methane Recovery Fund.
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More than $20bn on the table for carbon capture and storage
01 March 2009Governments worldwide have set aside more than $20 billion for carbon capture and storage (CCS) demonstration plants, according to a report from consultancy Emerging Energy Research (EER). This includes $11.6 billion in funding promised by the EU and $3.5 billion earmarked in President Barack Obama's stimulus package.
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UK opposition considers biodiversity trading
01 March 2009The UK's Conservative opposition party could introduce a biodiversity trading or banking scheme if elected, in a bid to halt the decline in biodiversity.
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Accor under fire for links with controversial logging firm
26 February 2009An NGO is calling for French hotel group Accor to end its involvement in a Malaysian hotel project owned by controversial logging firm Interhill.
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VCs launch renewables, clean-tech group
26 February 2009The British Private Equity and Venture Capital Association (BVCA) has set up an energy, environment and technology group to help promote the role of private equity (PE) and venture capital (VC) in renewable energy and clean technology.