New research calls for an overhaul of the Clean Development Mechanism, to favour bottom-up approaches, as it finds huge cost variations in renewable energy implementation across the developing world.
New figures show that countries in Africa are spending more on importing oil than they are receiving in overseas aid. Renewables investment could free up development funds.
New figures claim renewable energy and efficiency sectors received majority of funding but the big fossil fuel firms are still the biggest beneficiaries.
President calls them the “fuel of the past” and calls for a more diverse energy strategy.
In his latest speech, at Nashua Community College in New Hampshire, President Obama called on Congress to vote to end subsides to big oil and gas companies.
A selection of the top stories from Responding to Climate Change this week including camel nostrils, Arctic drilling and why China’s economy needs to get resource efficient.
EU climate commissioner Connie Hedegaard calls on world leaders heading to Rio+20 in June to phase out fossil fuel subsidies.