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The cost of inaction. Recognising the value at risk from climate change

The findings in “The cost of inaction” – a 2015 report written by The Economist Intelligent Unit – indicate that climate change is likely to represent an obstacle for many asset owners and managers to fulfil their fiduciary duties. The

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Three years ago this coal mine was worth $624 million. Now it sold for $1

The destructive force of a collapse in world coal prices has been underscored by the sale of a mine valued at A$860 million ($631 million) three years ago for just a dollar. Brazilian miner Vale SA and Japan’s Sumitomo Corp.

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Concrete ways to boost finance for sustainable energy

Innovative financial mechanisms in four key areas have the potential to boost crucial investment in sustainable energy by some $120 billion a year in the near term, an expert report from the Sustainable Energy for All (SE4All) initiative shows. Investment

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Abbott government extends renewable energy investment ban to solar power

A directive banning the Clean Energy Finance Corporation (CEFC) from investing in existing wind technology will also apply to small-scale solar projects, a move that will effectively throttle the industry, the Australian Solar Council said. The federal government confirmed that

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Insurance gains clout as climate change solution for the poor

Efforts to insure vulnerable people such as poor farmers against extreme weather and other climate risks are picking up pace, following a recent G7 commitment to extend cover in developing nations and a global insurance industry forum this week. U.N.

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Rich countries sweep billions in public finance for coal under the rug as climate deadlines loom

Over the last eight years, while climate impacts accelerate, country governments have channelled more than US$ 73 billion of public money into coal projects. The finance, which amounts to US$9 billion a year, is causing as much pollution as the

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