The European Bank for Reconstruction and Development will scrap most assistance for coal-fired power plants, joining the World Bank and the U.S. in a retreat from supporting the most polluting fossil fuel.
Shanghai’s air pollution fell to “light” levels after record smog this month prompted flight cancellations and the city warned children and elderly to stay indoors on at least seven of December’s first nine days.
NTPC Ltd., India’s biggest electricity generator, tumbled the most in almost six years after the country’s electricity regulator proposed changes to production incentives that may hurt the utility’s earnings.
The global atomic power industry needs to share cross-border information to prevent nuclear accidents, replicating the transparency of international air- traffic control, said the head of the investigation into Japan’s Fukushima disaster.
Two of President Barack Obama’s top pollution-control measures face courtroom tests tomorrow as coal-dependent utilities, miners and some states challenge what they call overreach by the Environmental Protection Agency.
Shanghai warned children and the elderly to stay indoors for at least a seventh day this month, intensifying pressure on local authorities to control the worst smog since government monitoring began last year.
Canadian Solar Inc., North America’s biggest solar manufacturer, arranged to borrow $40 million from the Chinese structured finance fund Harvest North Star Capital to build 145 megawatts of power plants in Japan.
The Ibovespa advanced, reducing a third weekly drop, as slower-than-forecast Brazilian inflation offset concern that the Federal Reserve will reduce U.S. stimulus that has buoyed emerging-market assets.