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2006: breakthrough year for environmental sector?
01 February 2007Investment in clean technology companies soared in 2006, along with the stock market valuation of the environmental sector, in a stellar year for the environmental industry worldwide.
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M&S, Tesco go green
01 February 2007Marks & Spencer (M&S) plans to spend £200 million ($390 million) over the next five years on a wide-ranging environmental plan, as British retailers race to prove which high street giant is greener.
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Website offers weather risk for the masses
01 February 2007Anew online weather risk management service has been launched in the US, aiming to offer small and medium-sized enterprises access to weather hedges. WeatherBill, launched by a San Francisco-based start-up, offers tools to help companies estimate their weather sensitivity, and customisable contracts based on any combination of minimum, maximum or average daily temperatures, and daily precipitation levels, at 200 US weather stations.
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EBRD bows out of Sakhalin
01 February 2007The European Bank for Reconstruction and Development (EBRD) has ended its five-year investigation into whether to fund the controversial Sakhalin II oil and gas project, because Gazprom's deal to secure a stake in it invalidates the proposal.
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Making their green, greener
01 February 2007San Francisco's New Resource Bank opened its doors at the end of last year, promising a new – and environmentally and community-focused – approach to commercial banking in the US. Trevor Curwin reports
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People moves this month
01 February 2007BELINDA HOWELL has set up Greenstone Carbon Management, a UK-based consultancy that will advise companies that wish to account for, reduce and offset their greenhouse gas emissions.
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E-Synergy launches £30 million fund
01 February 2007UK investment company E-Synergy has launched its £30 million ($59 million) Sustainable Technology Fund. The fund is one of the new UK government-backed Enterprise Capital Funds designed to help small and medium-sized UK companies bridge the 'equity gap', providing investment of between £250,000 and £2 million.
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Mild winter boosts weather trades
01 February 2007A warmer-than-expected winter in the north-eastern US and across most of mainland Europe has boosted trading in the weather risk markets.
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Areva bids for wind turbine maker
01 February 2007French nuclear and electricity transmission firm Areva has made a friendly bid for Repower Systems, the German wind turbine manufacturer.
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Commission throws down emissions, energy gauntlet
01 February 2007The European Commission has called for the EU to commit to a unilateral target to cut greenhouse gas (GHG) emissions to 20% below 1990 levels by 2020, rising to 30% if a post-2012 international agreement can be reached. The call came as part of a package of proposals aimed at establishing an integrated energy and climate change policy for the EU, which included targets for renewable energy and biofuels, as well as calls for energy market liberalisation.