Climate change proposals welcomed

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EUROPE - Ambitious proposals from the European Commission (EC) to tackle climate change, including a 20% reduction in EU greenhouse gas emissions by 2020, will provide pension funds with the impetus to invest in renewable energy.

David Russell, co-head of responsible investment at the UK's Universities Superannuation Scheme (USS), said the pension fund welcomed the policy moves within the European Union (EU) to set long ter...

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