BusinessGreen brings you this week's green business headlines from around the world
Respol reportedly planning end to oil and gas growth
Is the carbon bubble hypothesis really starting to gain traction at some of the world's oil majors? That is the question sparked by Bloomberg reports that Spain's Repsol is working on a new business plan that would mean it no longer seeks growth from its oil and gas division. Sources told the news agency a plan next month would limit oil and gas output to current levels and ensure the company keeps no more than about eight years of reserves on its books. With Shell, BP and others all stepping up investment in renewables in recent months it looks as if the oil industry's talk about clean energy diversification could be finally moving beyond lip service.
Petrofac inks UK wind farm deal
In other carbon bubble news, oil and gas services player Petrofac announced this week it has secured a deal to support transmission links to six UK offshore wind farms in a deal with Transmission Capital.
Oz enjoys renewables boom
After years of intense policy battles over renewable energy, Australia is finally enjoying a renewables boom and according to official figures released this week the country is on track to exceed its Renewable Energy Target. The reason? Despite plenty of hostility from the government, new renewables can now undercut new thermal plants making them the economic choice for developers.
Bangladesh government fires up climate change department
Few things give a clearer sense of government priorities than departmental nomenclature. As such, Bangladesh's decision this week to rename the Ministry of Environment and Forest as the Ministry of Environment, Forest and Climate Change has to be a good thing. "The climate change is now a global concern and all are witnessing its adverse impacts," Cabinet Secretary Mohammad Shafiul Alam told reporters. "Against this backdrop, the government decided to change the name of the Ministry of Environment and Forest in line with other countries of the world."
Could young Republicans break with the GOP on climate change?
The Republican Party's embrace of climate scepticism has long been one of the biggest barriers to meaningful global action on climate change, but will it last forever? New research from the Pew think tank suggests perhaps not. According to the survey about a third of GOP Millennials think the Earth is warming and it is mostly due to human activity. It might not sound a lot, but acceptance of the basics of climate science amongst younger Republicans is running at double the rate of older GOP voters, who remain near monolithically supportive of climate sceptic myths.
African cities pledge net zero emissions by 2050
Eight cities in Africa - Ghanaian capital Accra, Dar es Salaam, Senegal's capital Dakar, Ethiopian capital Addis Ababa, Lagos in Nigeria, as well as Cape Town, Durban and Tshwane (formerly Pretoria) in South Africa - have all this week pledged to reach net zero emissions by 2050, Reuters reports. Under the joint pledge signed by city leaders this week, the cities will work to reduce emissions from transport, buildings, energy production and waste management, with some signatories having carried out an inventory of their CO2. Kenyan capital Nairobi and the Ivory Coast's largest city Abidjan are also expected to sign the pledge soon.
Tata Power plots clean energy push
One of India's largest companies has revealed plans to invest $5bn in boosting renewables capacity over the next decade, putting yet more financial muscle behind the sub-continent's wind and solar boom
Tokyo Olympics seek recycled silver source
The San Francisco Chronicle reports plans to make the medals for the Tokyo Olympics from recycled metals could founder thanks to a shortage of recycled silver.
Merkel urges auto industry to embrace EVs, but backs away from tougher regulation
German Chancellor Angela Merkel angered green groups this week, as she downplayed hopes that the government would introduce more demanding emissions standards that would require automakers to retrofit cleaner technologies on some older models. She argued the government should not take action to weaken the scandal-hit industry just as it seeks to step up investment in new electric vehicle technologies.
UK insurers will be called upon next month by the Prudential Market Authority to stress test their business against a range of climate and transition risks
As ClientEarth warns too many councils have missed deadlines to submit air quality plans, government confirms fresh support from its Clean Bus Technology Fund
Environment Agency chair Emma Howard Boyd's speech at the European Bank for Reconstruction and Development - in full
Britain has its first new deep coal mine in decades - a result of pretending climate change isn't political
Rebecca Willis argues the controversial decision to approve a new coal mine in the UK is symptomatic of a wider political failure