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Insured losses from Hurricane Sandy could reach $10bn
29 October 2012Hurricane Sandy is expected to cause between $5 billion and $10 billion in insured losses and between $10 billion and $20 billion in total economic damages, according to an early estimate by catastrophe risk modelling firm Eqecat.
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Advanced biofuels tie-up to boost industry
29 October 2012A next-generation biofuels producer has formed a strategic partnership with the world's largest supplier of industrial enzymes in a move they hope will kickstart the sector's growth.
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Sacramento, Atlanta adopt PACE programmes
29 October 2012Two more major US metropolitan areas have opted to set up Property Assessed Clean Energy (PACE) bond programmes to finance a pool of projects that could be worth hundreds of millions of dollars and eventually be sold via a securitisation.
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Finnish wind company files for IPO
29 October 2012Wind power developer Ilmatar has announced an initial public offering (IPO) – a first push in the company's strategy to raise €250 million ($323 million) over the coming year.
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EU ETS rule change to weigh on utilities' earnings – S&P
26 October 2012Tougher rules for the third phase of the EU Emissions Trading System (ETS) are set to hit European utilities' earnings, credit ratings firm Standard and Poor's (S&P) has warned.
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Extend US renewables tax credit: investors
26 October 2012A key US renewables tax credit incentive needs to be extended urgently to prevent the sector's competitiveness being "severely damaged", a group of investors has warned.
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Investors welcome Drax cash-call
25 October 2012A £180 million ($287.8 million) cash-call from Drax – the UK's largest coal-fired power plant – to help convert it to running predominantly on biomass was welcomed by investors today.
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Combine PACE, third-party financing to boost solar, say experts
25 October 2012A hybrid financing mechanism involving Property Assessed Clean Energy (PACE) bond programmes can create a new, scalable option to finance solar energy projects in the commercial market, according to stakeholders.
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Climate change poses litigation risk for pension fund trustees – law firm
25 October 2012It is only a matter of time before a pension fund trustee faces litigation for failing to address climate change risks, according to a new report.
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BrightSource raises $80m, Alstom ups holding
25 October 2012Solar thermal company BrightSource Energy has raised more than $80 million in equity financing in an investment round led by Alstom and VantagePoint Capital Partners.
- Iceberg launches sovereign climate and biodiversity dataset
- COP29: 'Historic step' for carbon markets, as Article 6 crosses finish line
- SLBs linked to donations or carbon credit investments are 'promising'
- SEC likely to withdraw climate rules, former Commissioner predicts
- IDB Invest and IFC back BBVA Colombia for $100m sustainable bond issuance
- EU proposal to bring sustainable finance rules into single regulation risks 'chaos'
- The 'finance COP' short-changed the Global South, say investors
- Debt-for-nature deals are 'growing very rapidly and are very scalable'
- EU sustainability 'omnibus' regulations 'like a bad omelette'
- COP29: Financing Net Zero