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German Coalition Agrees to Cut Carbon Emissions up to 95% by 2050
Germany’s coalition government has reached an agreement on a climate change action plan which involves reducing greenhouse gas emissions by 80 to 95% by 2050, a spokesperson said on Friday. The plan, which will require German industry to reduce its…
EIB provides EUR 100m to Gruppo Dolomiti Energia with an EFSI guarantee
The European Investment Bank (EIB) is supporting Gruppo Dolomiti Energia’s 2017-2020 development plan with a EUR 100m loan. The operation will be guaranteed by the European Fund for Strategic Investments (EFSI), the guarantee fund set up as part of the…
DONG Energy Confirms Sale of Oil and Gas Arm to Focus on Renewables
Danish energy giant DONG Energy has confirmed plans to sell its oil and gas business as part of the company’s “strategic transformation” into a global leader in renewable energy. “We have decided to initiate a process with the aim of…
Global oil demand could peak by 2020, says Shell
The rise of electric cars has led many analysts to make predictions about the future of the oil industry. ExxonMobil and OPEC have both made statements indicating confidence that the majority of vehicles on the world’s roads will continue to…
‘Nuclear Industry in France in Crisis,’ 20 Reactors Shut Down
A third of France’s nuclear reactors have been shut down by industry regulators as revelations emerge about the supply of sub-standard parts. As investigations into falsified documents and excess quantities of carbon in steel continue, more closures are expected. This…
Last 5 Years Hottest on Record, Human Footprint ‘Increasingly Visible’
There is growing evidence that man-made climate change is contributing to individual extreme weather and climate events, according to the latest analysis by the World Meteorological Organization (WMO). The report, released at COP22 in Marrakech, finds that greenhouse gas emissions…
Britain’s Last Coal Power Plants to Close by 2025
The last coal power station in Britain will be forced to close in 2025, the government has said as it laid out the detail of its plan to phase-out the polluting fossil fuel. Ministers promised last year that the UK…