OSLO (Reuters) – The European Bank for Reconstruction and Development may make new investments in Ukraine that are riskier than usual, to help shore up an economy pounded by conflict with pro-Russian rebels, EBRD president Suma Chakrabarti said on Tuesday.
The development bank might, for instance, help municipalities in eastern Ukraine near a ceasefire line with the rebels to maintain public services such as transport, waste collection or street lighting, he said.
OSLO, Oct 20 (Reuters) – The United States and European
Union want the U.N. to stress the low cost of fighting climate
change in a draft handbook on the issue that it is compiling, a
leaked document showed on Tuesday.
The United States wants the handbook to do more to show that
the costs of action “will be almost insignificant relative to
projected growth”, the document showed.
OSLO, Oct 16 (Reuters) – Uncertainties about long-term curbs on greenhouse gas emissions meant to be agreed at a U.N. summit in 2015 will not deter many big businesses from green investment because they say it already makes economic sense.
Customer demand for less-polluting products, shifts to cleaner and more efficient energy and curbs on carbon from China to California are all creating business opportunities, they told the Reuters Global Climate Change Summit.
OSLO (Reuters) – Some major customers of Norwegian aluminium maker Norsk Hydro (NHY.OL: Quote, Profile, Research, Stock Buzz) want it to certify metal made with clean hydro power to help a shift from high-polluting fossil fuels and combat climate change, chief executive Svein Richard Brandtzaeg said.
He also said the company, the world’s number nine producer of primary aluminium in 2013, was investing in measures to cut greenhouse gas emissions because it expects governments to impose a global price on carbon pollution sometime in future.
OSLO, Oct 14 (Reuters) – Wind farms will be built more and
more in shallow seas, from China to the United States, as the
industry imitates oil firms and moves offshore, the head of
Europe’s largest generator of renewable energy said on Tuesday.
Statkraft Chief Executive Christian Rynning-Toennesen also
said climate change was forcing a rethink of hydro-electric dam
and wind turbine design to ensure they could withstand ever more
extreme rainfall and wind linked to global warming.
OSLO, Oct 13 (Reuters) – IKEA Group, the world’s biggest
furniture retailer, may introduce an internal carbon emissions
price to help its drive to protect the environment and create a
“new and better” company, chief executive Peter Agnefjall said.
IKEA, seen as global trend-setter among retailers on green
issues, is also on target to invest $1.5 billion in solar and
wind power by 2015, and bought a higher proportion of its wood
and cotton from sustainable sources in 2014 to aid consumers
shift to greener lifestyles.
OSLO, Oct 12 (Reuters) – Norwegian Air Shuttle will
cut the average age of its fleet to less than four years, seeing
younger planes as the key both to cutting fuel bills and
limiting climate change, chief executive Bjoern Kjos said.
Huge plane orders in 2012 will help Norwegian, Europe’s
number three budget airline behind Ryanair and easyJet
in terms of passenger numbers, to a goal of cutting
emissions per passenger by 30 percent from 2008 to 2015.
OSLO, Oct 6 (Reuters) – Governments are failing to meet
goals to protect animals and plants set out in a biodiversity
plan for 2020 that also aims to increase food supplies and slow
climate change, a U.N. report showed on Monday.
Many rare species face a mounting risk of extinction,
forests are being cleared by farmers at an alarming rate, and
pollution and over-fishing are continuing despite the U.N. push
agreed in 2010 to reverse harmful trends for nature.
OSLO/STOCKHOLM (Reuters) – The head of the Nobel Peace Prize committee risks a unprecedented demotion after announcing the 2014 winner next week, part of wider changes that could both tilt the award to the right and dim chances for future U.S. presidents to win.
The Nobel season of the world’s most coveted awards, each worth $1.1 million, opens on Monday with the medicine or physiology prize followed by physics, chemistry, peace and economics. The date for the literature prize has not been set.
OSLO (Reuters) – A temperature goal set by almost 200 governments as the limit for global warming is a poor guide to the planet’s health and should be ditched, a study published in the journal Nature said on Wednesday.
The world’s environment ministers agreed in 2010 to cap a rise in average surface temperatures at 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial times as the yardstick to avoid more floods, heat waves, droughts and rising sea levels.