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Abu Dhabi launches $250 million cleantech fund
01 October 2006The government of Abu Dhabi has invested $100 million into a new clean technology fund in partnership with investment bank Credit Suisse and the Consensus Business Group, a UK-based property investment firm.
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Why 'good' science doesn't help
01 October 2006Andrew Dlugolecki argues that using cost trends and empirical climate science puts insurers at grave risk of underestimating the likely costs of climate change
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Climate Change Capital on track for $1 billion carbon fund
01 October 2006Climate Change Capital (CCC) is expecting to top $1 billion for its second carbon fund – making the London-based boutique merchant bank the world's biggest private sector carbon asset manager. CCC had reached $830 million by its first close on 11 September, taking just three months to raise the money, which came from Dutch pension funds ABP and PGGM, UK-based energy company Centrica and a fourth unnamed investor, described as a "global emerging markets banking group".
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To trade, or not to trade?
01 October 2006Despite many states planning to ban the trading of mercury allowances – and looming lawsuits – the US Environmental Protection Agency is confident its trading plan will work. Ray Pospisil reports
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CDP response plateaus, but widens
01 October 2006Roughly the same number of the world's 500 largest companies responded to the Carbon Disclosure Project (CDP) this year as last, the CDP reported last month*.
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The sky's the limit
01 October 2006Although voluntary carbon offset programmes are becoming increasingly common, many environmentalists remain sceptical as to their benefits. They shouldn't be, says Jonathan Shopley
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Nomura on the look-out for cleantech investments
01 October 2006Japanese financial giant Nomura has set up a new energy and clean technology private equity business, to focus on late-stage venture capital (VC) investing. The company has hired Russell Pullan from the UK's Carbon Trust to head the team (see Environmental Finance, July–August 2006, page 16).
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GFI to acquire Amerex for $86 million
01 October 2006New York-based broker GFI Group is to acquire most of Amerex Energy's North American brokerage operations for $86 million.
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Car makers under fire on CO2 emissions
01 October 2006EU car makers will have to "substantially increase their efforts" if they are to meet voluntary targets to reduce carbon dioxide (CO2) emissions from new cars, according to the European Commission.
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Dutch firms launch green VC fund
01 October 2006European banks Fortis and Triodos and venture capital firm Stichting DOEN have set up a new venture capital fund to invest in Dutch sustainable technology start-ups.