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.
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.
Canada, the United States and Mexico have agreed to establish a ministerial-level working group on climate change and energy issues.
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.
Italian renewable energy developer Enel Green Power has announced a $9.9 billion, 7 GW capacity addition and capital investment programme in Latin America.