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ARENA funds AU$5.2m for Renergi biofuel project

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 FEB 2015  |  NEWS
The Australian Renewable Energy Agency (ARENA) has provided AU$5.2 million in funding to Renergi for a pilot scale biofuel project. Professor Chun-Zhu Li, director, FETI, explaining Renergi gasification technology (photo courtesy ARENA) The pilot is ...

Assessing likely process, impacts of first ERF auction

RACHEL ALEMBAKIS  |  FRIDAY, 20 FEB 2015  |  NEWS
The Clean Energy Regulator has announced that the first Emissions Reduction Fund (ERF) auction will take place on 15 April, and experts say the participants will most likely be drawn from existing Carbon Farming Initiative (CFI) project owners. Jennifer ...

VFMC to divest from tobacco holdings

RACHEL ALEMBAKIS  |  FRIDAY, 20 FEB 2015  |  NEWS
... number of public authorities and bodies. Divestment in tobacco manufacturers equities should be finalised by 30 June 2015, the fund said. "The issue of tobacco exposure has been under review by the VFMC board since 2013," VFMC said on its website. "As ...

Carnegie Wave Energy launches Perth Wave Energy Project

RACHEL ALEMBAKIS  |  FRIDAY, 20 FEB 2015  |  NEWS
Carnegie Wave Energy has switched on its first onshore power station, the Perth Wave Energy Project. Carnegie installed the first CETO 5 unit- known as the Perth Project - for the Department of Defence at Garden Island in Western Australia last year. ...

Gordon Hagart to leave ACSI

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 FEB 2015  |  NEWS
... decision to take. I've loved every minute of my time in Australia at two great organisations - ACSI and before that the Future Fund - doing work that I believe is very important for the beneficiaries of long-term institutional investors," Hagart said. ...

South Australia one step closer to building upgrade finance

RACHEL ALEMBAKIS  |  FRIDAY, 13 FEB 2015  |  NEWS
... legislation is "consistent" with structures in NSW and Melbourne, said Scott Bocskay, chief executive of the Sustainable Melbourne Fund. "We've been engaged with South Australia probably since 2011 [on the design of BUF], and I really commend them on ...

Towers Watson outlines framework for fossil fuel risk

RACHEL ALEMBAKIS  |  FRIDAY, 13 FEB 2015  |  NEWS
... operations, from large internal teams overseeing investments directly to smaller teams that predominately outsource to external fund managers. " "Funds with a very small team that are in pooled vehicles are more limited," Thomas said. "But they can engage ...

RIAA reviewing responsible investment certification program

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 FEB 2015  |  NEWS
... certification program with the goal of making adjustments to reflect the growing interest in responsible investment products, fund managers and investment advisers. Simon O'Connor, CEO, Responsible Investment Association Australasia (RIAA) RIAA is currently ...

NSW develops first social impact investment policy

RACHEL ALEMBAKIS  |  FRIDAY, 6 FEB 2015  |  NEWS
... statement of success. The aims around cost measurement and benchmarking are critical, Madhavan said. "How we price, and how you fund these transactions is based on one, the demand for capital, but also the potential return," he said. "That return in ...

Principles for Responsible Investment hire head of Africa

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 FEB 2015  |  NEWS
... Adrian Bertrand as head of Africa, networks and global outreach. Bertrand joins the PRI from the Government Employees Pension Fund (GEPF) of South Africa, where he worked for four years as environmental, social and governance (ESG) manager. In that role ...