Tocardo International BV, a Dutch maker of turbines that generate power from water, said the market for installing its devices in rivers may be worth as much as 1 billion euros ($1.4 billion) in 10 years’ time.
China Minmetals Corp., the state- owned metals trader, led a group that agreed to pay $5.85 billion for Glencore Xstrata Plc’s Las Bambas copper project in Peru as China seeks greater control over material supplies.
Prime Minister Shinzo Abe is pushing Japan’s coal industry to expand sales at home and abroad, undermining hopes among environmentalists that he’d use the Fukushima nuclear accident to switch the nation to renewables.
The world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming, United Nations scientists said.
The U.K. government said it’s forming a “lab” to study ways to boost funding for climate- protection projects, part of a United Nations-led effort to channel $100 billion a year into the industry by 2020.