PensionDanmark dismisses green bonds, increases grid investments

first_img“We look at the ones that have been issued as corporate bonds – the term green bond is very difficult to grasp.”Corporate bonds issued in the past by national energy provider DONG would now be classed as green bonds in today’s market, he added.Issuance of green bonds has surged in recent years, with the total value of the market having grown from around $7bn (€5.6bn) in 2012 to more than $35bn in 2014, according to the Climate Bonds Initiative.New issuance in 2014 is now more than $17bn compared with $10bn a year earlier.“Green bonds are a very large spectrum,” Stougaard said. “Some are project specific, but there are different variations.“It is very much a marketing thing and convenient thing to put around an issue. I am not sure if it adds capital to what is already going on.”In exchange, Stougaard said the fund was continuing its exploration of offshore wind farms and renewable power plants.Stougaard said demand for “greener” real assets was increasingly competitive, affecting pricing.But he said PensionDanmark would continue to look at energy-grid investments as energy providers struggle to shrink balance sheets, providing good-value assets.In February, the fund announced a DKK2.9bn investment into a power-grid for wind power in the North Sea.Steve Waygood, chief responsible investment office at Aviva Investors, backed Stougaard’s analysis of the green bond market and said setting a standard for green bonds should become a regulatory issue.“My problem with the issuance is whether it is additional,” he said. “Are the projects being funded ones that would have been funded anyway from a conventional bond? If they are and then being issued with a premium, then it is wrong.”Christopher Kaminker, an economist with the OECD, said the rapid growth of the green bond industry was not as much of an issue as its composition – with an increasing amount from corporates.“There are still sovereign supranational agencies, but there is more corporate issuance or labelled issuances ring-fenced for projects the corporate is involved in,” he said.“What is really important is that we get to a place where the capital being raised is contributing to projects.”He said the OECD would study how the market continued to grow, its composition and its overall contribution to a low-carbon economy. PensionDanmark has dismissed the “explosion” in the issuance of green bonds as the dressing up of corporate issuance, as the fund increases its focus on energy production and distribution.The DKK170bn (€23bn) Danish labour-market pension scheme said the term used collectively for green bonds was a difficult concept to grasp given its overlap with normal commercial issuance.Speaking at the OECD Roundtable on Long-Term Investing in Paris last week, the scheme’s director, Jens-Christian Stougaard, said he was unconvinced by the latest growth in the market.“Even when we are talking about the explosion, it is still a very small amount,” he said.last_img read more

The Gold Coast suburb where homeowners don’t want to leave

first_img Brisbane, Gold Coast among world’s best luxury cities: Study Reader’s picture: Winnie Cheong took this picture of Currumbin Valley.More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoCarson Teh, data analyst from OpenAgent, said suburbs with long holding periods usually had characteristics that kept residents around longer. “With the hustle and bustle of metropolitan areas, suburbs that offer some peace and quiet while still having access to the city, public transport, major roads, shops and amenities are ideal,” Mr Teh said.The median house price in Currumbin Valley is $875,000, while the median rent is $705 per week. Steiglitz (16.6 years), Yatala (15.1 years), Gaven (14.9 years), and Currumbin (14.3 years) round out the top five most tightly held suburbs on the Coast. Eden Health Retreat at Currumbin Valley. Picture: Supplied 84 Brocks Rd, Currumbin Valley is currently on the market at $2.99 million.Ray White Robina agent Karyn O’Dea said Currumbin Valley offered a tranquil, rainforest lifestyle while being close to the beach.“It has a rainforest-y lifestyle feel and you’re literally 10 minutes away from the beach, you can’t get that anywhere else on the coast,” Ms O’Dea said. “Currumbin Valley has bigger properties, especially acreage, that are enjoyed by families, professionals and even business owners.”According to the most recent Census, the median age of residents in Currumbin Valley is 44 years, suggesting that it’s less ideal for first-home buyers. MORE NEWS: Gold Coast property: land valuations reveal winners and losers Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:11Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:11 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAutumn National Market Update02:12HOMEOWNERS in Currumbin Valley hold onto their properties longer than anywhere else on the Gold Coast, new research reveals.Houses in the semirural suburb are held for an average of 16.8 years, according to OpenAgent.com.au.The average hold period for the Gold Coast sits at 10.4 years – Currumbin Valley homeowners hold onto their homes for around 6.4 years longer than normal.last_img read more

Mega jack-up to officially debut on world’s largest offshore wind farm

first_imgDogger Bank Wind Farm has signed a contract with Jan De Nul Group for the transport and installation of GE Haliade-X offshore wind turbines at Dogger Bank A and Dogger Bank B. “When taking the decision to build this exciting vessel we had exactly the type of project in mind like Dogger Bank Wind Farm in terms of scale and characteristics of the offshore sites and the turbines,” Philippe Hutse, Director Offshore Division at Jan De Nul Group, said. ”We are proud to contribute to the worldwide transition to renewable energies by installing the offshore wind turbines at Dogger Bank A and Dogger Bank B in the most efficient and clean manner possible.” SSE Renewables is leading the development and construction phases of Dogger Bank Wind Farm and Equinor will lead on operations for its lifetime of at least 25 years from the Operations and Maintenance base at the Port of Tyne. “Dogger Bank is a record-breaking project, leading the way in terms of technology and scale. We are so pleased to have secured the Voltaire vessel for this project, not only is it the largest of its kind, but also the first Ultra-Low Emission jack-up vessel, which is truly pioneering. Innovation across all levels of the supply chain has enabled offshore wind projects to grow in size whilst reducing costs, and this has been a large factor in the growing success of offshore wind,” Halfdan Brustad, Vice President for Dogger Bank at Equinor, said. The Voltaire will also be the very first seagoing installation vessel of its kind to be an Ultra-Low Emission vessel (ULEv). Dogger Bank A and Dogger Bank B are now moving towards final investment decision, expected by the end of 2020. The installation of the 12 MW units at the site some 130 kilometres off the Yorkshire coast will start in 2023. When complete, Dogger Bank will generate enough energy to power over 4.5 million homes every year – around 5 per cent of the UK’s electricity needs. Currently under construction, the Voltaire will enter service in 2022. It will have a lifting capacity of over 3,000 tonnes. When the vessel has its legs fully extended and the crane at full height, it will measure 325 metres tall – taller than the Eiffel Tower. Steve Wilson, Dogger Bank Wind Farm’s Project Director at SSE Renewables, said: ”Jan De Nul has a proven track record of transporting and installing new generation offshore wind turbines at scale and its state-of-the-art Voltaire vessel will be the largest and ultra-clean jack up vessel ever seen in the industry when operational. This contract further demonstrates the industry-leading status of Dogger Bank Wind Farm and the innovative supply chain partners such as Jan De Nul that are delivering the project.” The 3.6 GW Dogger Bank Wind Farm, which is being delivered in the North Sea in three 1.2 GW phases, will be the world’s largest offshore wind farm when complete and is a joint venture between SSE Renewables and Equinor. Dogger Bank Wind Farm secured 3.6 GW of offshore wind contracts in the UK Government’s 2019 contracts for difference auctions. Record low prices were awarded for the three projects making up Dogger Bank Wind Farm: Dogger Bank A, Dogger Bank B, and Dogger Bank C. Turbine transport and installation at the first two 1.2 GW phases of Dogger Bank Wind Farm will be the first assignment for the world’s largest offshore jack-up installation vessel owned by Jan De Nul – the Voltaire. Source: Jan De Nullast_img read more

QPR Supporters Club gesture excites Eberechi Eze

first_img The skillful midfielder contributed 13 goals and eight assists in his 45 appearances to help the club retain their championship status for another season. Meanwhile, Eze’s compatriot Osayi-Samuel was not left out of the party as he bagged the Daphne Biggs Supporters’ Young Player of the Year and Kiyan Prince Goal of the Season award. read also:Eberechi Eze reveals desire of playing football at highest level Both players are still eligible to play for Nigeria and they will be in action again West Bromwich Albion at Hawthorne this Wednesday. FacebookTwitterWhatsAppEmail分享 Eberechi Eze is delighted to be named Sportito Queens Park Rangers Supporters’ Player of the Year for the 2019/20 season. The club made the announcement on their official website and the player also won the other two awards to make three in a season. The 21-year-old was also voted Ray Jones Players’ Player of the Year and the Junior Hoops Player of the Year awards for the 2019/20 campaign. Eze was the star of the season for the club who failed to hit the expected height in the Skybet championship this season.Advertisement Promoted ContentWho Is The Most Powerful Woman On Earth?8 Things That Will Happen If An Asteroid Hits EarthTop 10 Female Disney Villains You’ll Definitely Fall In Love WithCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Asian Actresses Of Irresistible Beauty8 Shows That Overstayed Their Welcome14 Hilarious Comics Made By Women You Need To Follow Right Now7 Of The Wealthiest Universities In The WorldWho Earns More Than Ronaldo?7 Universities In The World With The Highest Market ValueFantastic-Looking (and Probably Delicious) Bread Art6 Best Natural History Museums In The Worldcenter_img Loading… last_img read more

New park named “Freedom Park” at ceremony

first_imgBatesville, IN— The dedication ceremony and name reveal of Batesville’s newest park took place today.  Around 6o plus people gathered at the park to hear Mayor Mike Bettice; Tim Putnam, President and CEO of Margaret Mary Health; Jody Fledderman, President and CEO of Batesville Tool and Die; and Mike Baumer, Park Superintendent speak about all the efforts to create the lastest park and also to thank all those who helped pave the way.  Also, the VFW gave a 21 gun salute and played taps to dedicate the flag pole at the park.  After several submissions, the park located on Six Pine Ranch Road has been named Freedom Park.last_img read more

Stokes case ‘not a minor offence’

first_img The 25-year-old Ireland striker, who was in the court in central Dublin dressed in a navy suit, white shirt and navy polka dot tie, will have to wait another seven weeks before hearing the fate of his case. Judge Walsh said he was refusing jurisdiction in his court – effectively recommending a higher court take on the case. “If these are the injuries the injured party sustained, to my mind this is not a suitable court,” he said. The judge added: “As a matter of fact it is not a minor offence.” Stokes was accompanied in the courtroom by his father, John Stokes. Judge Walsh said the Director of Public Prosecutions will have to review the case and come back before the court. Stokes was remanded on bail until July 17. The footballer was arrested by appointment earlier this year and charged with assault causing harm to Anthony Bradley, 42, at Buck Whaley’s nightclub on Leeson Street, Dublin, on June 8, 2013. After reading medical reports of the alleged victim, Judge Michael Walsh said the injuries were too serious to be dealt with in the Dublin District Court. He ordered the case be sent back to state prosecutors before a decision on whether Stokes will have to stand trial in Ireland’s higher Circuit Court. Celtic striker Anthony Stokes has been warned by a judge that his alleged assault of an Elvis impersonator is no minor offence. The court heard he made no reply to the charge when it was formally put to him. He was granted bail on his own bond of 1,000 euro (£814) with no cash lodgement required. The incident is alleged to have happened several hours after an international between Ireland and the Faroe Islands at the Aviva Stadium. Mr Bradley, an Elvis impersonator from Ballyfermot, west Dublin, was treated for a suspected broken nose and chipped teeth following the incident. Press Associationlast_img read more

Focus on India’s no.4 as England Must Win To Survive

first_imgBirmingham: It was touted to be the battle of the big boys as India and England were tagged favourites going into the 2019 World Cup. But come Sunday, it will be a battle of survival for England as they look to keep their hopes alive of making it to the knockout stages when they take on Virat Kohli and boys at Edgbaston in their second last group game.On paper, the records are stacked in favour of India as the English outfit hasn’t defeated them in World Cup encounters in the last 27 years, but then, cricket isn’t a game played on paper. With their backs against the wall, Eoin Morgan and his boys can be expected to give it their all as they must win their match against India and then against New Zealand to make it to the semis.For India though, it will all be about keeping the momentum going as they are all but through to the knockout stages. They need just one point from three games to qualify and considering that their next two games after the England match are against Sri Lanka and Bangladesh, it shouldn’t be a huge task, especially considering the form that the Men in Blue have shown.The only concern for India would be the number four slot as Vijay Shankar has failed to make it his own after three attempts at that spot. While he was unbeaten for 15 in the first game against Pakistan, he managed 29 against Afghanistan before getting done for 14 against the West Indies on Thursday.Considering the importance of the position, the Indian team management could look at trying Dinesh Karthik at that position if they feel that Rishabh Pant isn’t cut for the slot.Apart from that, it all looks good for the Indians as the top-order has done well and the bowlers have been impressive from the word go. M.S. Dhoni’s slow knock against Afghanistan did see some pundits raising their voices, but the former India skipper silenced them with his knock against West Indies on a slow track at the Old Trafford on Thursday. In fact, he picked 16 runs from the last over of the innings to finish with an unbeaten 56 off 61 balls at an impressive strike rate of 91.80.For England, it has been another round of poor shows after starting well. Coming into the World Cup, England were considered favourites and all-rounder Ben Stokes had told IANS that the tag had been earned with consistent performances over the years. But with seven of the nine games done with, the picture doesn’t look too bright for the Three Lions.While they started off with a brilliant 104-run win over South Africa in the tournament opener, they were handed a blow by Pakistan in their very next game. The mercurial side led by Sarfaraz Ahmed beat the hosts by 14 runs in a thriller.Morgan’s men came back strongly in the next three games as they beat Bangladesh by 106 runs, West Indies by 8 wickets and Afghanistan by 150 runs.But that is where the fortune took another turn as they lost to out of touch Sri Lanka by 20 runs. Chasing Sri Lanka’s score of 232/9, all England could manage was 212 as Lasith Malinga bowled brilliantly to take the Island Nation home.The loss saw England faced with a situation wherein they needed to win two of their three games against Australia, India and New Zealand. IANSAlso Read: ‘Doosra’ Trailer Brings Back Memories of NatWest win Against Englandlast_img read more

Cazenovia boys indoor track roars to Arcaro Invitational title

first_imgAfter a strong run through December, the Cazenovia boys indoor track and field team stepped it up even further in its first 2020 appearance.The Lakers pulled away from the field to take team honors in the afternoon session of Saturday’s John Arcaro Memorial Invitational at SRC Arena, earning 134 points, well clear of runner-up Fayetteville-Manlius and its total of 70 points.Sweeping the jumping events, Dalton Sevier cleared 11 feet in the pole vault and beat the field in the high jump by topping 6’1″ with fewer misses than Faith Heritage’s John Manchester. Sevier and Dylan Anderson won the team high jump, topping 11’1″ together. Tags: boys indoor trackCazenovia Connor Wilson and Jason Olkowski went to the top spot in the 55-meter hurdles in 18.14 seconds before Wilson, Anderson, Andrew Lee and Charles Kubinec won the 4×200 relay in 1:41.78.Smith and Eric Groff were second in the 3,200-meter run in 21:58.35 before Smith, Andrew Kent, Mike Senehi and Hunter McCullough finished second in the 4×800 relay in 9:00.53. Senehi and Stan Angus finishes third in the 1,600-meter run in 10:25.88.Olkowski and Gordan Wester were third in the shot put with throws of 70’2 1/2″, with Wester and Olkowski third in the weight throw as they heaved it 70’6″. Race, Albicker, Charlie Aronson and Dan Millson were third in the 4×400 relay in 3:54.46.Chittenango took part in the morning session of the Arcaro meet and finished with 23 points on the girls side, 21 points on the boys side.The girls Bears had Piper Beckwith, Lauren Suppe, McKayla Capeling and Kiara Waite take third place in the 4×800 in 10:59.21, also taking fifth in the 4×400 and 1,500.But Chittenango won the 4×400 on the boys side when Tristam LaFountaine, Kenny Matthews, Parker Tedford and Warren Tedford posted 3:52.52. The Bears were fifth in the 1,000, 4×200 and shot put.Share this:FacebookTwitterLinkedInRedditComment on this Story center_img Slater DeLeon beat the field in the 300-meter dash in 37.72 seconds and, with Cormac Race, got first place on the team side in 1:17.34. Dylan Albicker had a winning triple jump of 38 feet 9 1/2 inches and, with Sevier, got the team victory with 76’2″Jared Smith won the individual 1,000-meter run in 2:52.88 and paired with Cassidy Gilmore to get the team victory in 5:52.87. Then Andrew Kent took the 600-meter run in 1:29.50, pairing with Alex Lansing for second (3:09.91) in the team event.DeLeon also went 6.89 seconds in the 55-meter hurdles, second among individuals as he and Anderson were second in the team event in 14.41 seconds. DeLeon and Dylan Albicker were second in the long jump, going 37’8 1/2″.last_img read more

USC opens season with impressive wins

first_imgFollow Daily Trojan on Twitter @dailytrojan The USC women’s soccer team opened the 2013 season in outstanding form this weekend, defeating No. 11 San Diego State and host San Diego in the USD Tournament. The Women of Troy finished the season opening tourney as its only unbeaten team, and never trailed in their two matches.Off on the right foot · USC senior forward Elizabeth Eddy got off to a sizzling start over the weekend, netting three goals in the team’s first two games of the 2013 season. Eddy scored just one goal all of last year. – Daily Trojan file photo The squad’s dominating weekend began Friday, with a decisive 4-1 victory over an Aztec team that advanced to the NCAA tournament in 2012.The Women of Troy struck early and often. Just six minutes into the game, senior forward Elizabeth Eddy fired a shot that deflected off of the San Diego State goalkeeper Melanie Vaughn and found its way into the net.Not satisfied with a one-goal lead, USC continued to dominate possession to open the second half.After her teammates nearly converted multiple corner kick opportunities in the opening minutes, freshman forward Kayla Mills took control of the game. In her first collegiate match, the rookie showed great skill and experience beyond her years, weaving through the SDSU defense for a beautiful goal in the 56th minute.Minutes later, Mills was at it again with an excellent cross that set up sophomore midfielder Jamie Fink, who put the Trojans up 3-0.In the 70th minute, the Aztecs avoided a shutout with a long-distance goal from Hannah Keane. It was the only blemish on a stellar day for the USC back line.Sophomore Marlee Carrillo, redshirt junior Mia Bruno, freshman Mandy Freeman and senior Autumn Altamirano held down the back line for USC’s defense, only allowing four Aztec shots on goal. The Women of Troy finished the match with a 16-9 shot advantage.“It’s totally different than last year. I think our chemistry is really helping us out,” Fink said about her team’s offensive and defensive balance. “It is very enjoyable. We’re playing proper soccer now.”Eddy netted her second goal in the 89th minute, putting the icing on the cake for an outstanding victory to begin the 2013 season.“Team effort, team win, lot of great teammates supporting me,” Eddy said. “It was awesome. All team.”Sunday’s matchup pitted the Women of Troy against host San Diego, and the team again looked ready to assert themselves as one of the top teams in the region. The USC attack took a backseat to an excellent defensive performance in the opening minutes of the match, as the back line halted several early scoring threats.The Women of Troy got on the board in the 23rd minute, when a corner kick from Eddy once again found its way to Fink, who deposited the ball in the back of the net.Freshman forward Tanya Samarzich then took the game by storm. In the 29th minute, Samarzich launched a rocket from long range that cleared USD goalkeeper Michelle Craft’s reach for her first collegiate goal. Two minutes later, she received a nice pass from Altamirano in the box and converted for a second goal.The Women of Troy refused to let up in the second half. Freshman forward Rachel Smith assisted Eddy for the USC’s eighth and final goal of the weekend in the 70th minute. The Toreros scored a pair of goals in the game’s waning minutes, but it was too little, too late.“We were just focusing on our gameplan and what we needed to do,” Fink said. “We played as a unit, we played as a team. We did what each other needed, and it really paid off.”Fink attributed her strong offensive showing to the hard work of her teammates.“I couldn’t have done it without Kayla Mills’ cross or Elizabeth’s cross,” she said. “They’ve been giving me perfect silver platters to put away.”After scoring in both contests, Fink and Eddy were named to the All-Tournament Team.The Women of Troy will play their home opener on Friday at 3 p.m. vs. Cal State Northridge at McAlister Field.last_img read more

Maher says AI title hasn’t sunk in

first_imgRonan Maher says winning the All-Ireland senior hurling championship title still hasn’t sunk in yet.The Thurles Sarsfields player was a member of the Tipp side that claimed the Liam MacCarthy Cup at Croke Park last month.He also won the county championship with his club last weekend. The Young Player of the Year nominee is hoping to add to his medal haul before the year is out…last_img