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Bubbles and busts
01 February 2009Ten years of managing environmental technology funds means that Bruce Jenkyn-Jones is no stranger to a deflating bubble. But he remains medium-term bullish, he tells Mark Nicholls
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Export credit agencies force Ilisu suspension
01 February 2009The German, Swiss and Austrian export credit agencies (ECAs) have suspended guarantees for the controversial Ilisu dam project in Turkey.
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CAIR reinstatement revives emissions markets
01 February 2009US emission markets were brought back to life after judges agreed to a limited reprieve of the Clean Air Interstate Rule (CAIR). Allowance prices jumped as speculators and utilities entered the market, but bearish fundamentals have since brought them back down to earth.
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Tsing Capital fund gets Japanese backing
01 February 2009The Japan Bank for International Cooperation and the Bank of Tokyo-Mitsubishi UFJ have each invested $15 million in Tsing Capital's China Environment Fund III, which is seeking up to $250 million.
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Irish bail-out mandates environmental funds
01 February 2009Allied Irish Bank, Bank of Ireland and Anglo Irish Bank are each to launch a €100 million ($130 million) environmental fund, as a condition of the 21 December recapitalisation package agreed with the Irish government.
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Goldman Sachs launches first 'sustainability' fund
01 February 2009Goldman Sachs is marketing its first equity fund that explicitly integrates environmental, social and governance (ESG) research into its investment approach. GS Sustain, which is being marketed to retail and institutional customers in the UK and continental Europe, is designed to invest in companies set to profit from climate change, population growth and natural resource constraints.
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Ex-Citi SRI analysts start new firm
01 February 2009Mike Tyrrell and Natalie Davis, both former members of Citi's socially responsible investment (SRI) research team, have set up an independent research firm named Sustainable Investor.
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Dreyfus to use DJSI index for mutual fund
01 February 2009Dreyfus, part of BNY Mellon Asset Management, has launched its Global Sustainability Fund, claiming it is the first US mutual fund invested in stocks picked from the Dow Jones Sustainability World Index (DJSI World).
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Wall Street cautious on Obama's green new deal
01 February 2009President Barack Obama's pledges to ramp up clean energy generation in the US and stimulus packages proposed by the House of Representatives and Senate have provided encouragement to the renewable energy lobby – but investors remain to be convinced that renewable energy stocks will see much short-term benefit.
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GE and Epuron launch $250m Asia renewables fund
01 February 2009Epuron and GE Energy Financial Services have launched a renewable energy fund focused on the Asia-Pacific region.