An Australian lawmaker who holds the balance of power in the upper house of New South Wales (NSW) has given the go-ahead to privatise the state’s electricity grid – under the proviso that no employee loses their job for five years.
The chief executives of BG Group, BP, Eni, Royal Dutch Shell, Statoil and France’s Total have collectively urged governments around the world to introduce a pricing system for carbon emissions, in order to reduce uncertainty and encourage cost-effective ways of reducing carbon emissions.
A Japanese consultative committee has approved a controversial government plan to generate 20-22 per cent of Japan's energy from nuclear power by 2030, despite opposition following the Fukushima disaster.
Canada, the United States and Mexico have agreed to establish a ministerial-level working group on climate change and energy issues.
As part of its 2012 plan to channel $40 billion of investment into renewable energy projects over the next decade, Goldman Sachs Group Inc plans to target $1 billion in investment within the next few years in renewable projects in Japan.
The Australian government has agreed a deal on a new Renewable Energy Target (RET) after nearly two years of political debate. The government has says it will reduce the RET to 33 000 GWh by 2020.