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World’s Largest Development Banks Raise $81Bln to Tackle Climate Change
Six of the world’s largest multilateral development banks (MDBs) rounded up $81 billion last year to finance climate change action, their joint report released Tuesday showed. “In 2015, the MDBs collectively committed more than USD 25 billion in climate finance,”…
Russia Open for Talks on Gas Price Discount for Turkey – Energy Minister
Russia is willing to discuss a lower price for natural gas deliveries to Turkey, the Russian energy minister said Tuesday after President Vladimir Putin met with his Turkish counterpart in St. Petersburg. At the end of 2015, Russian gas accounted…
SolarCity And ComEd Discover Shared Vision For Utilities’ Future
ComEd doesn’t deliver any solar energy to its Chicago-area customers, and California-based SolarCity doesn’t do business in Illinois, but from distant reaches of the country, and from opposite ends of the power grid, the two companies have come to much…
IEA data shows global energy production and consumption continue to rise
Reflecting the IEA’s increasingly global perspective, for the first time the Agency’s OECD and non-OECD Energy Balances and Statistics reports have been merged into two comprehensive global reports on energy data. World energy Balances and World Energy Statistics will contain…
Wind farms do not discourage tourists, economists find
Wind farms do not discourage holidaymakers, according to new research which “puts to bed the myth” that the sight of turbines on the horizon damages tourism. A report by economic consultants said the onshore wind industry in Scotland had expanded…
Scientists convert carbon dioxide, create electricity
While the human race will always leave its carbon footprint on the Earth, it must continue to find ways to lessen the impact of its fossil fuel consumption. “Carbon capture” technologies — chemically trapping carbon dioxide before it is released…
“Green Finance” Incorporated into G20 Finance Ministers and Central Bank Governors Meeting Communiqué
G20 Finance Ministers and Central Bank Governors held their third meeting on July 23-24 in Chengdu, and issued the final Communiqué before this year’s G20 Summit in Hangzhou, emphasizing the development of green finance and welcoming voluntary options developed by…