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Zurich unveils carbon capture and storage insurance
22 January 2009Zurich Financial Services has launched insurance products to cover capturing and storing carbon underground, in a bid to address a major barrier to the uptake of the technology.
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Electric cars need government billions – BCG
22 January 2009Electric and hybrid cars will fail to make major inroads into the vehicle market by 2020 unless governments intervene with incentives to support these technologies, according to a Boston Consulting Group report.
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UK biofuels below par on sustainability
21 January 2009The UK's petrol and diesel industry is falling short on supplying sustainable biofuels, a government agency reported on 15 January, the same week in which renewable fuels associations were rapped for describing biofuels as "sustainable" in an advertising campaign.
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Asset managers must do more on climate, says Blood
11 December 2008David Blood has questioned why investors are not insisting that asset managers take climate change risks and opportunities into account.
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Investors warned of water-related risks
01 December 2008Investors are failing to recognise financial risks related to water scarcity, according to the author of a report issued by the European Sustainable Investment Forum (Eurosif).
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First Chinese bank signs on to Equator
01 December 2008China's Industrial Bank has become the country's first financial institution to sign up to the Equator Principles, a landmark voluntary code for managing environmental and social risk in project finance deals.
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Citi, JP Morgan slash SRI research
01 December 2008Two US investment banks have axed dedicated environmental and social equity investment research, as part of wider cost-cutting measures.
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BoA, HSBC?exit businesses on green grounds
01 December 2008Bank of America has received praise from the Rainforest Action Network (RAN) for a decision to pull out of funding mountain-top removal mining in the US, while HSBC has announced it intends to terminate relationships with 30% of its clients in the forestry sector in high-risk countries for failing to comply with its environmental and social policies.
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Bush administration abandons plans to loosen NSR
01 December 2008The US Environmental Protection Agency (EPA) has dropped a proposal that would have allowed some existing power plants to expand without installing new pollution controls, surprising environmentalists who have battled for years against the planned rule change.
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World Bank issues first 'green' bond
01 December 2008The World Bank has issued its first bond where the proceeds will be directly invested in climate change-related projects. The bond is the first product of a wider Bank effort, in collaboration with large institutional investors, to direct large-scale institutional money towards tackling climate change.