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CDP to poll 3,700 firms on climate risks
01 March 2009The Carbon Disclosure Project (CDP) has called on 3,700 companies to submit data on their climate change risks, as a survey claims that three-quarters of the investment managers behind the project now factor such information into their investment decisions.
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US renewables lobby looks to federal mandate
01 March 2009Momentum is building towards the adoption of a US federal renewable electricity standard (RES), which experts say will help underpin growth in the US renewable energy sector.
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Renewables cash survives US stimulus horse-trading
01 March 2009US solar project developers and renewable energy equipment manufacturers are set to profit from the $787 billion US economic stimulus package, following the survival of provisions aimed at blunting the impact of the financial crisis on the sector.
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Irena launched
01 March 2009An international body to promote renewable power was founded in Berlin at the end of January, with 75 countries joining the International Renewable Energy Agency.
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CCC raising £20m for UK renewables
01 March 2009Climate Change Capital is hoping to raise up to £20 million ($29 million) into its Ventus and Ventus 2 funds, which develop renewable energy projects in the UK with a typical capacity of between 2MW and 12MW.
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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".