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The volume of bonds issued to finance sustainable ocean-friendly economic activity has grown across the world, but the bankability and credibility of marine preservation projects funded by these financial instruments have posed challenges to their adoption, the Climate Business Forum hears. ....
Two speeches from China’s top leaders, delivered days apart, have revealed that Beijing plans to continue supporting fossil fuels even as it invests in renewable energy. ....
Global Giants Get Boost as China Expands Access to Clean Energy financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
China Tightens Scrutiny to Meet Ambitious Targets for Renewables bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
A man walks near a coal-fired power plant in Harbin, Heilongjiang province, China November 27, 2019. - Reuters CHINA is turning to its state-owned coal power companies to helm the next stage of the country’s renewables push, as the sector becomes less attractive to other investors. Private firms have helped the top-polluting nation become the world’s largest generator of clean energy. Now, as China chases a target to zero out carbon emissions by 2060, and with subsidies for renewables investments ending, government-controlled utilities need to take the lead. The five biggest state-backed power firms have announced plans to develop about 305 gigawatts of new wind and solar capacity in the next five years, according to BloombergNEF, almost twice the amount it estimates the U.S. will install over the same period. At peak generation, the total being added would be about enough to power the whole of Japan. ....