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CEFC, CFSGAM to establish clean energy infrastructure fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
... system has been removed. The CEFC has contracted investments of more than AU$900 million in projects over AU$3 billion in total value in the 2013/2014 financial year, its first year of existence. After its first full year in operation, the 2013-14 financial ...

Business begins unwinding of carbon tax arrangements

RACHEL ALEMBAKIS  |  FRIDAY, 18 JUL 2014  |  NEWS
... electricity or gas to a large customer under a power purchase agreement and you've calculated the carbon price as part of the total price, then refunding the pass through costs should be easy." de Wit also noted that unwinding indirect carbon price costs ...

Universe of climate-linked bonds expands to US$502.6bn

RACHEL ALEMBAKIS  |  FRIDAY, 18 JUL 2014  |  NEWS
The total universe of climate-themed bonds is US$502.6 billion and the universe of labelled green bonds is US$38.8 billion, according to the Climate Bond Initiative's 2014 market report. Bridget Boulle, programme manager, Climate Bond Initiative According ...

CDP: World cities report climate change business impacts

RACHEL ALEMBAKIS  |  FRIDAY, 11 JUL 2014  |  NEWS
... (Oregon), USA saves USD $5.5 million/annum by implementing an energy saving scheme across its city operations [and has ] total savings of USD$42 million since in 1991, which was developed as an climate mitigation activity, that also had significant pay-back." ...

Barclays, MSCI to launch Green Bond Index

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 JUL 2014  |  NEWS
... Ratings, a provider of ESG ratings and research to institutional investors, through its subsidiary MSCI ESG Research Inc. The total transaction will cost US$15 million in cash, subject to closing adjustments. The transaction is expected to close in the ...

PRI signatory assets top US$45 trillion

RACHEL ALEMBAKIS  |  FRIDAY, 27 JUN 2014  |  NEWS
The Principles for Responsible Investment's (PRI) total signatory assets under management (AUM) grew to more than US$45 trillion to the end of April 2014, with the number of signatories reaching 1,260, PRI said. Fiona Reynolds, UN PRI managing director ...

ARENA invests in Sunverge Energy via venture capital fund

RACHEL ALEMBAKIS  |  FRIDAY, 20 JUN 2014  |  NEWS
... million (AUD 16.3 million) financing round that also received contributions from the Venture Capital Unit of Siemens and Total Energy Ventures International, ARENA said. "This investment will help Sunverge Energy establish operations in Australia and ...

CEFC provides finance to New Energy Corporation

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 JUN 2014  |  NEWS
... realise commercial success and benefits that other financiers can follow." This AU$50 million senior debt finance takes CEFC's total investment in waste-to-energy projects to more than AU$150 million and accelerates over AU$400 million of private sector ...

Vast Solar begins construction on 6MW solar thermal station

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAY 2014  |  NEWS
... the Essential Energy distribution network, Vast Solar said. "The project comprises five low profile solar arrays, with a total of 3,500 heliostats (mirrors), 5 towers each less than 30 metres high with thermal energy receivers, and a thermal energy storage ...

NAB, GS Microfinance: more needed on financial exclusion

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAY 2014  |  NEWS
... banks, by us and by other organisations are starting to yield some dividends." NAB highlighted in its report that of the total number of financially excluded Australians, 35% are young people aged 18 to 24 and more than 40% are employed. Gavin Slater ...