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CEFC, CFSGAM to establish clean energy infrastructure fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
The Clean Energy Finance Corporation (CEFC) and the direct infrastructure division Colonial First State Global Asset Management (CFSGAM) will establish the country's first unlisted clean energy direct infrastructure fund. Meg McDonald, chief operating ...

GRI names Michael Meehan new chief executive

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
The Global Reporting Initiative (GRI) has hired Michael Meehan as its new chief executive. Meehan is a sustainability CEO and entrepreneur and has led companies in several countries, including Carbonetworks from 2004-2010 and iVeridis Corporation from ...

Business begins unwinding of carbon tax arrangements

RACHEL ALEMBAKIS  |  FRIDAY, 18 JUL 2014  |  NEWS
... retailers. "Most companies planed for repeal," said Martijn Wilder, a partner at Baker & McKenzie and head of the firm's global environmental markets practice. "There's an expectation that it would be repealed in time, and now they will need to work ...

Creating shared value a strategic opportunity for banks

RACHEL ALEMBAKIS  |  FRIDAY, 11 JUL 2014  |  NEWS
... focusing on products that further client prosperity, fueling the growth of regional economies and financing solutions to global challenges, according to research from consultancy FSG. Paula Benson, general manager, corporate responsibility, NAB The research ...

CDP: World cities report climate change business impacts

RACHEL ALEMBAKIS  |  FRIDAY, 11 JUL 2014  |  NEWS
... climate change disclosed by businesses are also recognised by the relevant city as well. Cities generate more than 80% of global GDP, have more than half the global population and consume two thirds of the world's energy, so cities' adaptation and mitigation ...

Carbon Trade Exchange launches REC trading platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 JUL 2014  |  NEWS
... secure and transparent market for environmental assets allows legislated and voluntary participation into a network of global exchanges," said Wayne Sharpe, CTX chairman and founder. "During our R&D phase, CTX canvassed approximately 80% of the Australian ...

Global Reporting Initiative hires chief of staff

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 JUL 2014  |  NEWS
​​​The Global Reporting Initiative (GRI) has created the new position of chief of staff and hired Tuulia Syvanen for the role. As chief of staff, Syvanen will coordinate strategy development and monitoring and ...

Addressing the human crisis of climate change displacement

RACHEL ALEMBAKIS  |  FRIDAY, 4 JUL 2014  |  NEWS
... occurring, including Bangladesh, Fiji, Kiribati, Panama, Papua New Guinea, and Tuvalu. Leckie is executive director of global NGO Displacement Solutions, http://displacementsolutions.org/ which has led international efforts to protect the rights of climate ...

ARENA provides $11 million grant to Carnegie Wave Energy

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 JUL 2014  |  NEWS
The Australian Renewable Energy Agency (ARENA) has granted AU$11 million to Carnegie Wave Energy 's CETO 6 project. The funding will support Carnegie Wave's progress towards commercialisation of its CETO wave energy technology. CETO units are large ...

Barclays, MSCI to launch Green Bond Index

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 JUL 2014  |  NEWS
... US$30-40 billion of green bonds will be issued in 2014, with around US$100 billion will be issued in 2015, said Jim Glascott, global head of debt capital markets at Barclays. "The creation of a Green Bond Index will be an extremely useful tool for issuers ...