The eastern state of Odisha, one of a number of Indian states to review their renewable energy policies in the wake of government's ambitious target of 175 GW of new clean power by 2022, has announced a target to establish 3 GW of renewable energy by 2022. This represents some 3 per cent of the government target.
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.