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CME to launch Australian weather contracts, quanto structures
05 February 2009The Chicago Mercantile Exchange (CME) is to list temperature-based weather contracts for the Australian cities of Melbourne, Sydney and Brisbane.
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Co-op Bank rejects £1 billion on ethical grounds
05 February 2009The Co-operative Bank has turned down more than £1 billion ($1.5 billion) of "unethical" business since 1992, it announced this week, as it launched the fifth update of the standards organisations must meet to open accounts or receive loans and financing.
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Kellogg sets environmental targets in first CR report
05 February 2009Cereal and convenience food giant Kellogg Company has published its first global corporate responsibility (CR) report, setting targets to reduce its environmental and social impacts.
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Congressmen table US renewables target
05 February 2009Clean energy advocates have renewed hopes that a US federal renewable electricity standard (RES) will be enacted with the introduction of a Congressional bill that matches the goals of President Barack Obama.
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Australian government and states clash on insulation
05 February 2009The Australian government yesterday unveiled a A$2.6 billion (US$1.7 billion) scheme designed to ensure all owner-occupied homes have ceiling insulation and flagged a major extension of a subsidy scheme for landlords who install insulation in their rental properties.
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Climate protestors threaten to shut down London's carbon market
05 February 2009After attracting thousands of climate protestors to the Kingsnorth power station and Heathrow airport, the Camp for Climate Action has turned its sights on leading carbon trading platform, the European Climate Exchange (ECX).
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Further failures in US ethanol sector
04 February 2009US ethanol producers continue to fall victim to the economic crisis with two more companies filing for bankruptcy protection.
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From the national to the global
01 February 2009I must admit to some scepticism over recent months as to the likelihood of a 'Green New Deal' emerging as a response to the economic turmoil in which the world finds itself. Governments were more likely, it seemed, to rush to save jobs in struggling sectors of the old economy than attempt to create jobs in the fledgling sectors of the new.
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People moves this month
01 February 2009Comings and goings in Environmental Finance this month
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A blueprint for action
01 February 2009Leading US businesses and NGOs have come together to offer a painstakingly negotiated blueprint for measures to tackle climate change. Federal legislators should take note, says Eileen Claussen