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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.

CEZ eyes central Europe assets

• 2015-05-13 16:21:10
• Junior Isles

Czech power company CEZ says it is keeping an eye on potential investment in assets in central Europe that its Swedish and Italian rivals may sell, although it admits there are few immediate and attractive takeover targets.

EU members agree market stability reserve for EU ETS

• 2015-05-06 11:10:40
• Junior Isles

The EU-28 Member States and the European Parliament have agreed to introduce a market stability reserve in 2019 to tackle a glut of over 2 billion excess permits in the EU Emissions Trading Scheme (ETS).

Hungary confirms Paks nuclear deal with Russia

• 2015-05-05 22:21:25
• Junior Isles

Hungary’s government has confirmed the deal for Russia's state-owned nuclear corporation Rosatom to build two new reactors at the Paks nuclear power plant (NPP).

Schneider Electric has more than doubled its solar PV capacity in the UK in the first three months of 2015.

• 2015-04-18 14:17:27

Rosatom in $80 billion Nigerian nuclear deal

• 2015-04-14 21:21:15

Brazil to launch $6.5 billion renewable fund

• 2015-04-10 13:56:26
• Junior Isles

The Government of Brazil has announced the launch of an investment fund of $6.5 billion, which will be used to create renewable energy generation projects in the country's northeastern region.

French government suggests Areva sells reactor unit to EDF

• 2015-04-08 15:59:46
• Junior Isles

The French government has suggested that Areva sells the division responsible for manufacturing, installing and servicing nuclear reactors to state-controlled power utility Electricité de France SA in a bid to rescue the loss-making nuclear engineering firm and restructure the industry. Areva’s Chief Executive Officer Philippe Knoche revealed the news in a meeting with union representatives last week.

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.

UK offshore wind power pot collects £460 million

• 2015-04-01 20:53:27
• Junior Isles

The UK government has announced that £463 million ($684 million) has gone into a fund for wind projects headed by the UK Green Investment Bank (GIB), which has already invested £200 million ($295 million) of its own capital. This is the first stage of a planned £1 billion fund that would be geared to develop offshore wind farms.