• Australia Freezes Millions For Global Climate Fund ‘In Crisis’

    • Date: 28/09/18
    • Graham Lloyd, The Australian

    Australia will freeze its level of funding for a Green Climate Fund that stalled after giving millions of dollars to replace cooking stoves in Bangladesh and sponsoring “gender responsive” drinking water projects in Ethiopia. The GCF was a critical part of the Paris Agreement but was suffering a “crisis of confidence” and unable to function. […]

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  • It’s All Over: EU Abandons New 2030 Climate Target

    • Date: 28/09/18
    • Deutsche Press Agentur

    EU Commissioner Miguel Arias Cañete has given up on plans to officially raise the European Union’s 2030 climate target. Contrary to what has been announced, Cañete has not submitted the proposal to the EU member states, the German Press Agency in Brussels has learned. The idea was met with opposition by, among others, German Chancellor Angela Merkel and the German industry. Other […]

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  • Regulators Sue Tesla’s Musk For Fraud, Seek To Bar Him As Director

    • Date: 27/09/18
    • Reuters

    The U.S. Securities and Exchange Commission on Thursday accused Tesla Inc Chief Executive Elon Musk of fraud and sought to ban him as a director of a public company, saying he made a series of “false and misleading” tweets about potentially taking the electric car company private. The complaint filed in Manhattan federal court makes […]

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  • France To Cut Renewable Energy Growth

    • Date: 27/09/18
    • The Energy Advocate

    The French Government will drastically reduce the growth of its renewable spending in 2019, with the ecology ministry’s draft budget showing a 1.3% rise, which will effectively be flat after inflation. Total spending on renewable projects will equate to €7.3 billion and will mostly go towards wind and solar schemes. The move will force France to seek […]

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  • Germany Struggles To End Coal Power As Populist AfD Challenges Green Consensus

    • Date: 27/09/18
    • Bloomberg

    Coal showdown reflects government’s floundering shift to renewable power. Not far from Germany’s Rhine River, a fight to thwart giant excavators from grinding away what’s left of the 1,200-year-old Hambach forest came to a head this month as thousands of protesters faced off with police in a tense, and at times violent, showdown. Activists formed a […]

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  • China’s Coal Secret Revealed: China Is Building Hundreds Of New Coal Power Plants

    • Date: 26/09/18
    • BBC News

    Building work has restarted at hundreds of Chinese coal-fired power stations, according to an analysis of satellite imagery. The research, carried out by green campaigners CoalSwarm, suggests that 259 gigawatts of new capacity are under development in China. The authors say this is the same capacity to produce electricity as the entire US coal fleet. The […]

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  • Germany’s Merkel Warns Against Tougher EU CO2 Limits On Cars, Vans

    • Date: 25/09/18
    • Reuters

    BERLIN (Reuters) – German Chancellor Angela Merkel said on Tuesday that European carmakers could be made uncompetitive if EU targets for reducing carbon dioxide emissions from cars and vans were set at more than 30 percent by 2030. German Chancellor Angela Merkel arrives to give a statement at the CDU headquarters in Berlin, Germany, September […]

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  • Green Suicide: Germany’s Economic Backbone Suffers From Soaring Power Prices

    • Date: 24/09/18
    • Bloomberg

    Mittelstand companies weighed down by soaring electricity costs are struggling against competition from U.S. and China. If power prices continue to rise, many companies could be forced to close down. Bosses at a steelmaker in northwest Germany have ripped out old-style lighting in favor of LEDs, tinkered to make machinery more efficient and even locked […]

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