In a bilateral meeting on Tuesday, the US and Brazil agreed to obtain up to 20 per cent of their electricity from renewable power by 2030, alongside a declaration from Brazil to restore up to 12 million hectares of forest – an area the size of England – to further reduce carbon pollution.
Softbank, the Japanese telecoms giant, has announced plans - alongside India's Bharti Enterprises and Taiwan's Foxconn - to invest $20 billion in Indian solar energy projects to meet massive increases demanded by new government targets.
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.
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.
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.
A startling new report by the International Monetary Fund (IMF) has today stated that fossil fuel companies receive some £3.4 trillion ($5.3 trillion) in subsidies each year – which is equivalent to nearly $10 million every day.
A key UN climate fund ran into difficult yesterday as major donors including Japan and the United States failed to meet a deadline for converting their pledges of climate aid into signed agreements.
Pakistan has awarded a $1.5 billion contract for what is claimed to be the largest solar power plant in the world. When finished the plant, to be built in Bahawalpur by Chinese company Zonergy Company Ltd, will have a power generating capacity of 900 MW.