CEFC makes tenth large scale solar project allocation
May12

CEFC makes tenth large scale solar project allocation

The Clean Energy Finance Corporation (CEFC) has committed $60 million to a 42.5MW solar farm in Queensland. The $100 million project, run by RATCH-Australia Corporation, will see the company redevelop a disused coal-fired power station at Collinsville as a 42.5MW (AC) solar farm. The project is also receiving $9.5 million funding from the Australian Renewable Energy Agency (ARENA). The coal-fired power station closed in December,...

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CEFC lends $30 million to ResourceCo for conversion of waste into PEF
May05

CEFC lends $30 million to ResourceCo for conversion of waste into PEF

The Clean Energy Finance Corporation (CEFC) has lent $30 million to a resource recovery company that converts selected non-recyclable waste into solid fuel. ResourceCo will use the funding to build two new plants that converts non-recyclable waste streams into processed engineered fuel (PEF), which is used in cement kilns. PEF reduces reliance on coal and other fossil fuels. The fuel will initially be used locally, but is also...

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Neuberger Berman hires new head of environmental, social and governance investing
May05

Neuberger Berman hires new head of environmental, social and governance investing

Global fund manager Neuberger Berman has hired Jonathan Bailey as head of environmental, social and governance (ESG) investing. Bailey joins Neuberger Berman from think tank Focusing Capital on the Long Term (FCLT Global). Prior to joining FCLT Global, worked as associate partner at McKinsey & Company, advising pension plans, asset managers and other finance institutions on issues including investment strategy, organisational...

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Majority of largest asset owners recognise risk of climate change: AODP
Apr28

Majority of largest asset owners recognise risk of climate change: AODP

Sixty percent of the world’s 500 largest asset owners recognise the financial risks of climate change, the opportunities in the transition to the low carbon economy, and are taking action, according to the Asset Owners Disclosure Project (AODP) Global Climate Index 2017. The Global Climate Index 2017 has rated asset owners and asset managers on three capabilities that align with the Taskforce on Climate-related Financial Disclosure...

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Directors, senior executives have obligation to consider climate change: Norton Rose Fulbright
Apr21

Directors, senior executives have obligation to consider climate change: Norton Rose Fulbright

Board directors and senior management must give proper consideration to the risks of climate change, “with a view to ensuring that these risks are incorporated into strategic decision making, and appropriate consideration is given to the need for disclosure of relevant financial-related risks,” Norton Rose Fulbright said. Risks that companies should consider include transitional, reputation and physical, Norton Rose said. Norton Rose...

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ARENA commits $2.1 million to moveable SunSHIFT solar system
Apr21

ARENA commits $2.1 million to moveable SunSHIFT solar system

The Australian Renewable Energy Agency (ARENA) has committed $2.1 million of funding to deploy a moveable and modular solar system in New South Wales. ARENA’s recoupable funding support will aid in the deployment 1 MW of the “SunSHIFT” technology in Rutherford, NSW. ARENA has “supported the technology from inception to manufacturing and pilot scale demonstration through successive projects,” ARENA said. Laing O’Rourke developed the...

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Investa Commercial Property Fund Issues $100 million certified green bond
Apr21

Investa Commercial Property Fund Issues $100 million certified green bond

Investa Commercial Property Fund (ICPF) has issued a 10-year, $100 million Australian dollar green bond. The bond, which has a semi-annual fixed coupon of 4.25%, is rated A- by Standard and Poor’s and has been approved a Certified Climate Bond by the Climate Bonds Initiative. The proceeds will be used to retire existing deb facilities and will be fully allocated against a portfolio of low carbon buildings in the ICPF portfolio,...

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IGCC, AIGCC publish investor disclosure guide aligned to TCFD recommendations
Apr13

IGCC, AIGCC publish investor disclosure guide aligned to TCFD recommendations

The Investor Group on Climate Change (IGCC) and the Asia Investor Group on Climate Change (AIGCC – Asia) have published a new guide on climate change disclosure for institutional investors. The guide, Transparency in Transition: A Guide to Investor Disclosure on Climate Change, is aligned with the draft recommendations of the G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures, led by Michael Bloomberg....

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