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Key lawmaker endorses NSW grid sale
- 2015-06-03 16:01:23
- Junior Isles
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.
Consultation approves nuclear share in Japan energy mix
- 2015-06-01 20:23:48
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.
Goldman Sachs targets $1 billion Japanese renewable bonds
- 2015-05-25 11:58:58
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.
Fossil fuels subsidised by $10 million every minute, according to IMF
- 2015-05-18 23:20:36
- Junior Isles
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.
Japan, US miss UN climate change fund deadline
- 2015-05-01 21:04:43
- Junior Isles
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 to build world’s largest solar power plant
- 2015-04-24 23:17:46
- Junior Isles
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.
Japan eyes 20-22 per cent electricity from nuclear by 2030
- 2015-04-23 21:13:19
- Junior Isles
The Japanese industry ministry is seeking to bring down the total electricity produced by nuclear power down from 28.6 per cent, the total before the Fukushima nuclear crisis, to 20-22 per cent by 2030.
US submits climate pledge
- 2015-04-03 10:27:31
- Junior Isles
The United States has submitted its target to cut net greenhouse gas emissions to the United Nations Framework Convention on Climate Change (UNFCCC). The submission, referred to as an Intended Nationally Determined Contribution (INDC), is a formal statement of the US target, announced in China last year, to reduce our emissions by 26-28 per cent below 2005 levels by 2025, and to make best efforts to reduce by 28 per cent.
Chinese wind farm developer reports jump in profit
- 2015-03-25 15:45:17
- Junior Isles
China's biggest wind farm developer, Longyuan Power Group Corp., has reported a 25 per cent jump in full-year profit as its activities in wind power generation increased.
China approves new nuclear plant
- 2015-03-11 15:27:41
- Junior Isles
The top Chinese economic planner has approved the construction of the second phase of Hongyanhe nuclear power plant in Wafandian city, in the northeast Liaoning province. This is the first Chinese nuclear power plant to be granted such permission since 2011.
