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EU carbon allowances set for a volatile year
19 January 2016The EU carbon market looks set for a wild ride this year, with analysts forecasting a 39% rise in the price of EU Allowances (EUAs) by 31 December after a 19% fall in the first two weeks.
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National Bank of Abu Dhabi commits to $10bn support for sustainable business
18 January 2016The National Bank of Abu Dhabi (NBAD) has pledged "to lend, invest and facilitate" $10 billion of financing over the next 10 years to projects focussed on environmentally sustainable activities.
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East Capital launches environmental investment strategy for China
12 January 2016Swedish asset manager East Capital is to refocus its China Fund and rename it East Capital China Environmental.
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Carbon market value to rise 25% in 2016, predicts Reuters
11 January 2016The value of emissions allowances and credits traded in the world's carbon markets is expected to grow by 25% this year, after an 11% rise last year, according to Thomson Reuters.
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RenewableUK appoints new CEO
11 January 2016RenewableUK has appointed Hugh McNeal as its new chief executive, replacing Maria McCaffery, who announced in October that she would be stepping down after 10 years in the post.
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December's weather in US and UK likely to cost insurers $4bn
11 January 2016Last month's extensive flooding across the north of England and southern Scotland is expected to result in insurance payouts amounting to £1.34 billion ($1.9 billion), said the Association of British Insurers.
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El Nino supresses natural catastrophe losses for 2015, says Munich Re
06 January 2016Insured losses from natural catastrophes fell to about $27 billion in 2015 from $31 billion the previous year, thanks in part to the El Nino climate phenomenon, according to Munich Re.
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Recurrent agrees $180m debt facility for Californian solar project
05 January 2016Recurrent Energy has secured debt financing of approximately $180 million for its Astoria 2 solar power project in California.
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HSBC predicts further growth in carbon pricing and green bonds
05 January 2016More carbon pricing initiatives will be launched this year and further growth in the green bond market is expected, as countries start to implement their pledges to reduce greenhouse gas emissions, say HSBC analysts.
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UK insurer commits almost €120m to onshore wind fund
23 December 2015UK insurance group Legal & General (L&G) has committed to capitalise up to 47.5% of a €250 million ($273 million) fund that will invest in onshore wind energy projects in the UK and Ireland.