Germany is set to become the first country to drop both nuclear and coal power under a landmark agreement to compensate workers, companies and regional governments as it switches off brown coal-fired plants by 2038.
India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth.
Bushfires ravaging Australia have provided a foretaste of the kinds of conditions that could become normal unless the world moves rapidly to curb emissions of the greenhouse gases driving global warming, scientists have warned.
Italian regulators fined Italy’s oil giant Eni over advertisements on TV and in newspapers, digital media and petrol stations that falsely claimed Eni Diesel+ was ‘green’.
Germany and its dominant railway operator Deutsche Bahn signed an agreement to invest 86 billion euros over the next 10 years to upgrade its network in the country’s “biggest modernisation project ever”.
BlackRock, the world’s largest fund manager with $7tn in assets, in a letter sent to clients announced that sustainability should be its “new standard for investing”:
The European Commission decided not to renew approval for a pesticide linked to harming bees, effectively banning Bayer’s insecticide known as thiacloprid.
New diesel cars’ pollution is peaking at more than 1,000 times their normal levels, tests of the Nissan Qashqai and Opel Astra show. The dangerous spikes in particles are a result of the cars cleaning their filters, which may occur in urban areas, last for up to 15km.
The shift to electric vehicles could cost 410,000 jobs in Germany by 2030, Handelsblatt reported, citing government advisers.
The price of very low-sulfur fuel oil (VLSFO) has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year, market participants said.