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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.
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Climate change raises spectre of insurance market failure
26 February 2009Climate change increases the possibility of the failure of insurance markets, according to a Chartered Insurance Institute report, which cites the need for better measures of market robustness.
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UK government steps into carbon neutrality minefield
26 February 2009The UK has proposed a definition of "carbon neutrality" in an effort to help standardise the term and reduce consumer confusion around its use. But experts warn that too strict a definition could hinder more than help.
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Recession sends climate down the corporate agenda – EIU
26 February 2009Many global businesses foresee putting climate change action on the back burner as the recession continues to bite, according to a survey by the Economist Intelligence Unit (EIU). Firms will embrace energy efficiency measures in a bid to cut costs, the researchers found, but many plan to delay more ambitious action.
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Cat bond market set to bounce back
26 February 2009French insurance company Scor sold a $200 million catastrophe (cat) bond last week, ending the six-month hiatus in cat bond issuance caused by the collapse of Lehman Brothers and the general malaise in financial markets.
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Certifier UL approves use of petrol pumps for 15% ethanol
25 February 2009After strong objections from the US ethanol lobby, a major product safety certification organisation has reversed course and agreed that standard petrol pumps can dispense safely petrol mixed with up to 15% ethanol.
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RiskMetrics acquires Innovest for $16 million
19 February 2009Financial research and advisory firm RiskMetrics is to buy Innovest Strategic Value Advisors, a leading environmental, social and governance (ESG) research company.
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Pictet hoping for €1 billion in 'megatrends' fund
19 February 2009Pictet is launching what it claims is a first-of-its-kind 'megatrends' fund that includes exposure to its water, clean energy and timber investment themes.