EU Allowances (EUAs) were selling for €7.80 yesterday morning, while permits from the UN's Clean Development Mechanism offsetting scheme dropped more than 10 per cent to €5.30.
Climate Bond Initiative debuts first Bond Standard - 25 Nov 2011 - News from BusinessGreen
"We are looking for investment-grade returns that also address climate change," said Jack Ehnes, chief executive of US institutional investor the California State Teachers' Retirement System (CalSTRS), which sits on the Climate Bond Initiative's Standards Board. "The Climate Bond Standard will allow us to know that investment opportunities put before us will be the right ones to build a Low Carbon Economy."
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