Switzerland's loss-making Meyer Burger Technology has shifted from manufacturing solar machinery to making solar cells and modules, part of a pivot by its top shareholder, Russian oligarch Pyotr Kondrashev.
Top thermal coal exporter Indonesia is planning to retire its coal-fired power plants gradually, in a phased move towards becoming carbon neutral, an official from the country's state utility, Perusahaan Listrik Negara (PLN), said on Thursday.
Switzerland's loss-making Meyer Burger Technology has shifted from manufacturing solar machinery to making solar cells and modules, part of a pivot by its top shareholder, Russian oligarch Pyotr Kondrashev.
GRAPHIC - IEA s pathway to net zero emissions: tmsnrt.rs/3fpTPlJ
LAUNCESTON, Australia, May 20 (Reuters) - It is probably just ironic coincidence, but the same day the International Energy Agency (IEA) called on the world to end fossil fuel investments, the Australian government announced plans for a new, $460 million natural gas-fired power plant.
The stark contrast between the two announcements is, however, emblematic of the challenges the world faces in transitioning from fossil fuel energy to cleaner renewables as efforts to combat climate change become more urgent and widespread across the globe.
The IEA’s report on the pathway to net zero carbon emissions by 2050, released on May 18, warned that investment in oil, natural gas and coal projects must come to an end if the target has any chance of being reached.
The prime ministers of Bosnia's autonomous Serb Republic and neighbouring Serbia on Monday launched the construction of a 125 megawatt (MW) hydro power plant on the Drina river which will help to diversify their future energy mix.