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In major step on road to Paris, rich countries agree to slash export subsidies for coal plants

2015-11-18 13:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Post: After a concerted push from the United States, members of the Organization for Economic Cooperation and Development agreed Tuesday to slash subsidies aimed at exporting technology for coal-fired power plants. The decision by the worlds wealthiest countries to eliminate export credits for the least efficient coal plants, which will take effect Jan. 1, 2017, and can be strengthened four years later, marks a major negotiating success for the Obama administration in the run-up to U.N. climate talks...

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OECD countries agree to restrict financing for overseas coal power plants

2015-11-18 12:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: A compromise struck by the United States, Japan and several other major nations will restrict export financing to build coal power plants overseas, but not eliminate it completely. The agreement reached Tuesday is an important step forward that sends a strong political message ahead of upcoming international climate change negotiations in Paris, an American official and environmentalists said. Japan and the United States were long at odds on this issue. The Obama administration announced in...

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In Coal Setback, Rich Nations Agree to End Export Credits

2015-11-17 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Members of the Organization for Economic Cooperation and Development struck an historic agreement Tuesday to scale back public financing for coal-fired power plants, dealing another blow to the industry ahead of a global summit on climate change in Paris. Under the agreement, detailed by the White House in a conference call, the worlds richest economies will restrict subsidies that helped companies export technology to build coal-fired power plants, among the largest sources of emissions blamed...

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UK, India agree 3.2bn low carbon deal ahead Paris climate talks

2015-11-13 11:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: The British government has announced a low carbon trading partnership with India worth billions, weeks before a global climate change summit kicks off in France. A press release said the 3.2bn agreement covers research, development and eventual deployment of clean technology, renewables, gas and nuclear. Signed off by Indian PM Narendra Modi on the first day of a three-day visit to the UK, the deal is part of a wider 10 billion package between the two countries. UK solar and hydrogen...

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AB Inbev and SABMiller Agree on Merger

2015-11-12 21:07:50| Beverages - Topix.net

On Wednesday, Nov. 11, Anheuser-Busch InBev and SABMiller PLC reported a merger agreement that would combine the world's two largest beer makers. After nearly two months of negotiations , SABMiller has agreed to the acquisition which, at its final price, values SABMiller at $108 billion or $66.50 per SABMiller share.

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