EU Nations Mull Funds to Aid Clean Energy in 2030 Climate Deal
European Union governments are considering the use of carbon-permit funds to help finance clean technologies and spur poorer nations toward a low-carbon economy under a planned deal on 2030 climate and energy policies.
Germany’s Clean Electricity Costs Decline for First Time
German electricity consumers will for the first time see a drop in the fee added to their bills to fund renewables, a boost for Chancellor Angela Merkel, who has pledged to curb the cost for voters.
UK Green Bank Set to Draw Offshore Wind Investors to $1.6 Billion Fund
The U.K. Green Investment Bank is set to tie up the first investments in a $1.6 billion fund by the end of March, part of Britain’s push to cement its dominance in offshore wind power.
Australia Seeks to Reduce Renewable Energy Target to ‘Real’ 20 Percent
Prime Minister Tony Abbott’s government will negotiate with the opposition to cut Australia’s renewable energy target and exempt industries such as aluminum and copper smelting.
Are Environmental Regulations Causing US Utility Bills to Surge?
U.S. electricity markets face years of higher prices as clean-air regulations shut more coal-fired power plants than earlier forecast, cutting supply and forcing producers to rely more on natural gas.
UN Sees Irreversible Damage to Climate Caused by Fossil Fuels
Humans are causing irreversible damage to the planet from burning fossil fuels, the biggest ever study of the available science concluded in a report designed to spur the fight against climate change.
Fossil Fuels Reap $550 Billion in Subsidies, Hindering Renewables Investment
Fossil fuels are reaping $550 billion a year in subsidies and holding back investment in cleaner forms of energy, the International Energy Agency said.
Carbon Breakthrough: US, China Make Milestone Agreement to Fight Climate Change
President Barack Obama pledged deeper U.S. cuts in greenhouse-gas emissions and China will for the first time set a target for capping carbon emissions under an agreement between the world’s two biggest economies.
Peru to Unveil Plans for Renewable Power Auction
Peru’s government is set to announce plans for a renewable-energy auction during a global climate conference to be held next month in Lima.
Obama to Pledge $3 Billion for Climate Change Fund
President Barack Obama will pledge $3 billion to a United Nations climate-change fund that’s intended to help poor nations boost renewable energy and counter the ill effects of global warming.