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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.
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 ...
China’s new green target still means pumping too much pollution Sorry, but your browser needs Javascript to use this site. If you're not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ A man uses his mobile phone to take a picture of a big screen showing Chinese Premier Li Keqiang delivering a speech at the opening session of the National People's Congress at the Great Hall of the People in Beijing on Friday. | AFP-JIJI BLOOMBERG Mar 6, 2021 China’s first road map to achieving net zero emissions by 2060 may be too slow to stop the worl...
China Turns the Screws on Renewables Just When It Needs Them Bloomberg 3/4/2021 Bloomberg News © Bloomberg Photovoltaic modules stand at a solar power plant co-owned by Longi Green Energy Technology Co. and China Three Gorges Corp. in this aerial photograph taken in Tongchuan, Shaanxi Province, China, on Monday, July 20, 2020. Longi is the world's largest producer of solar wafers and the world's largest solar company by market value. (Bloomberg) -- After shortchanging renewable energy developers for years to the point where it owes billions of dollars in unpaid subsidies,...