Mon, May 21, 2018

Germany faces huge bill to meet EU climate goals: BDI study

BERLIN (Reuters) - Germany will have to spend more than 1 trillion euros ($1.2 trillion) to meet even the lower end of the European Union’s 2050 target to reduce carbon dioxide emissions, according to a draft of a study commissioned by the BDI German industry group.

IEA Report: Five keys to unlock CCS investment

Global investment in low-carbon energy reached USD 850 billion in 2016, with USD 297 billion of that flowing to renewable energy technologies and USD 231 billion to energy efficiency. Much of this investment has been underpinned by government policies and regulation targeted at supporting the shift to a low-carbon energy sector. Yet investment in the deployment of another critical climate technology – carbon capture and storage (CCS)1 – is falling well behind, with only around USD 1.2 billion invested in 2016.

Coal could get clean-energy subsidy under new Turnbull focus

Malcolm Turnbull has opened the possibility of using clean-energy subsidies to build new-generation, coal-fired power stations as he branded Labor's heavy focus on renewables "mindless", and a recipe for more expensive, less reliable electricity.

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