By LONDON (Reuters) - The value of share offerings in fossil fuel companies dropped by almost 20% since 2012, while low-carbon companies gained ground in the shift towards clean energy, a report by think-tank Carbon Tracker showed on Wednesday.From 2012 to 2020, investors have bought almost $640 billion of equities issued by oil, gas and coal producers, fossil fuel- dependent utilities, pipelines and service companies.However, their investments have lost roughly $123 billion or nearly 20% in value, despite bullish equity markets during much of that period.That contrasts with activity in...…By LONDON (Reuters) - The value of share offerings in fossil fuel companies dropped by almost 20% since 2012, while low-carbon companies gained ground in the shift towards clean energy, a report by think-tank Carbon Tracker showed on Wednesday.From 2012 to 2020, investors have bought almost $640 billion of equities issued by oil, gas and coal producers, fossil fuel- dependent utilities, pipelines and service companies.However, their investments have lost roughly $123 billion or nearly 20% in value, despite bullish equity markets during much of that period.That contrasts with activity in...WW…

By LONDON (Reuters) - More than 1,000 climate friendly projects could line up for a piece of the EU’s post-coronavirus recovery package, as ministers begin to discuss the bloc’s 2021-27 budget and economic stimulus fund, according to research seen by Reuters.EU leaders are meeting in Brussels on Friday to try to agree the budget and economic stimulus fund, which have been criticised this week by environmental think tanks for falling short of what is needed to meet the bloc’s current goal to cut greenhouse gas emissions by at least 40% against 1990 levels by 2030.The EU Commission has...…By LONDON (Reuters) - More than 1,000 climate friendly projects could line up for a piece of the EU’s post-coronavirus recovery package, as ministers begin to discuss the bloc’s 2021-27 budget and economic stimulus fund, according to research seen by Reuters.EU leaders are meeting in Brussels on Friday to try to agree the budget and economic stimulus fund, which have been criticised this week by environmental think tanks for falling short of what is needed to meet the bloc’s current goal to cut greenhouse gas emissions by at least 40% against 1990 levels by 2030.The EU Commission has...WW…

By LONDON (Reuters) - China and other countries could be planning to build more coal plants to stimulate their economies in the wake of the novel coronavirus pandemic but nearly half of global coal plants will run at a loss this year, research showed on Wednesday.China has over 1,000 gigawatts (GW) of coal-fired power, accounting for about 60% of the country’s total installed generation capacity and around 100 GW under construction.London-based environmental think tank Carbon Tracker analysed the profitability of 95% of coal plants in operation or planned around the world.It looked at 6,696...…By LONDON (Reuters) - China and other countries could be planning to build more coal plants to stimulate their economies in the wake of the novel coronavirus pandemic but nearly half of global coal plants will run at a loss this year, research showed on Wednesday.China has over 1,000 gigawatts (GW) of coal-fired power, accounting for about 60% of the country’s total installed generation capacity and around 100 GW under construction.London-based environmental think tank Carbon Tracker analysed the profitability of 95% of coal plants in operation or planned around the world.It looked at 6,696...WW…

By , LONDON (Reuters) - Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.Green hydrogen was pushed to the fore last week when Fatih Birol, head of the International Energy Agency, said the technology was “ready for the big time” and urged governments to channel investments into the fuel.Some countries, including the Netherlands, Australia and Portugal, have already begun investing in the technology....…By , LONDON (Reuters) - Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.Green hydrogen was pushed to the fore last week when Fatih Birol, head of the International Energy Agency, said the technology was “ready for the big time” and urged governments to channel investments into the fuel.Some countries, including the Netherlands, Australia and Portugal, have already begun investing in the technology....WW…

By LONDON (Reuters) - Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to pick up next year, the International Energy Agency said on Wednesday.The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year as energy demand has been reduced across commercial and industrial sectors and logistics issues delay projects.“Countries are continuing to build new wind turbines and solar plants, but at a much slower pace,” IEA...…By LONDON (Reuters) - Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to pick up next year, the International Energy Agency said on Wednesday.The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year as energy demand has been reduced across commercial and industrial sectors and logistics issues delay projects.“Countries are continuing to build new wind turbines and solar plants, but at a much slower pace,” IEA...WW…