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Green bonds set to flourish in Asia as China plans to open markets

By : Sustainability ..., Jun 3, 2015

Asia may soon host a boom in green bond activity, according to leading international debt market players. Last week, Moody’s predicted there would be a surge in issuance from India and China, and Goldman Sachs set a new target to arrange $1bn in debt securities to finance...

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Solar energy investment gaining ground globally

By : Sustainability ..., Jun 2, 2015

Climate change is bringing more nations into the renewable energy fold as much as the possibility that the world would run out of fossil fuels. Solar power is among the fastest growing sources of clean energy, under the circumstances.

Even oil-rich nations such as...

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India to seek more funds from rich nations at climate talks

By : Sustainability ..., Jun 1, 2015

With 2015 heading towards being the hottest year on record, India and China will negotiate for a treaty to put a check on the rising temperature.

The two countries will formally move a proposal at the Bonn climate talks starting from Monday, proposing that rich nations...

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IMF says energy subsidies are now US$5.3 trillion

By : Sustainability ..., Jun 1, 2015

According to the International Monetary Fund (IMF), global energy subsidies increased from US$4.2 trillion in 2011 to US$5.3 trillion in 2015.

As a percent of world GDP, the subsidies rose from 5.8 percent in 2011 to 6.5 percent in 2015 and now exceed worldwide...

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Subject Tags: Energy , Financing

Rs 125 crores to turn Northeast into organic farming hub

By : Sustainability ..., May 29, 2015

The ministry for development of Northeastern region has embarked upon an ambitious plan worth Rs 125 crore to convert the region into a hub of organic farming in India.

Announcing this here on Wednesday minister of state for DoNER Jitendra Singh said that they are...

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Subject Tags: Financing , policy

Big jump in renewable energy certificates trading volumes

By : Sustainability ..., May 29, 2015

The marked pick-up in the demand for renewable energy certificates that was seen in the trading session for May, which was held on Wednesday, has been attributed to a recent judgment of the Supreme Court.

As many as 256,579 non-solar and 83,189 solar RECs were sold on...

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Investors worth $12trn call for long term carbon target

By : Sustainability ..., May 27, 2015

Chief executives of 120 funds are calling for a long term emissions reduction goal as part of a global climate pact to be struck in Paris this December.

The institutional investors, representing more than US$12 trillion of assets, wrote to G7 finance ministers ahead of...

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Subject Tags: climate change , Financing

Investors Call On ExxonMobil, Chevron to Stop Resisting Transition to Clean Energy

By : Sustainability ..., May 27, 2015

Shareholders of ExxonMobil and Chevron and members of the Interfaith Center on Corporate Responsibility (ICCR) say they will focus on climate change at the companies’ annual general meetings (AGMs) this coming Wednesday.

Fossil fuel companies are facing increased...

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JBM to invest Rs 1,600 crore on solar power vertical

By : Sustainability ..., May 27, 2015

CHENNAI: JBM group's ambitious 1,600 crore foray into solar power will be funded by a mixture of equity and debt.

The solar diversification, to be called JBM Solar, will conduct ground-mounted and roof top power projects. This is the second big diversification by the...

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Axa To Divest €500 Million In Coal Assets By End Of 2015

By : Sustainability ..., May 27, 2015

French insurance megalith Axa has announced that it intends to divest from €500 million worth of coal assets by the end of 2015.

Axa-2Speaking at the Paris 2015 Climate Finance Day on May 22, Axa CEO Henri de Castries made the announcement as he spoke about the danger...

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