Thomas LUBECK, IFC: Tailwinds to the Financial Market

International Finance Corporation – IFC, one of the five members of the World Bank Group, is the world’s largest institution that encourages economic development by investing in the private sector in emerging markets. Serbia became a shareholder and a member of IFC in 2001 by purchasing a small package of …

Coal Is Going Down, Even Without the Clean Power Plan

Last Monday, U.S. Environmental Protection Agency Administrator Scott Pruitt announced he will repeal the Obama administration’s regulation to curb power plant carbon emissions, telling coal miners in Kentucky that “the war on coal is over.” The next day he kept his promise, issuing a proposed rule to eliminate the Clean …

China Halts Construction On 150 Gigawatts Of New Coal Power Plants

China’s state-run news agency Xinhua has revealed that China has currently halted construction on new coal-fired power plants in an effort to avoid building over-capacity while simultaneously hoping to promote a cleaner energy mix. The Chinese Xinhua News Agency reported on Monday that China had halted construction on a total …

India Cancels Nearly 14 Gigawatts Of Proposed Coal Plants

The transformation of India’s electricity market continues to deliver, as shown this month by the cancellation of 13.7 gigawatts of proposed coal-fired power plants, an admission that 8.6 gigawatts of operating coal is already non-viable, and the parallel move of ever-decreasing solar costs helped along by the country’s record low …

Adapting to a Drier World

Water, which covers more than two-thirds of the planet’s surface, is fundamental to life. It is also essential to energy production. Water is critical to pumping oil and natural gas out of the ground, thanks to hydraulic fracturing. Hydropower dams can generate power and light up cities. Water is also …

Efficiency, Clean Energy Put Dent in CO2 Emissions

Americans are using less electricity as buildings become more energy-efficient and industrial power demand weakens, and a new report says that is leading to three trends: Declining carbon dioxide emissions, low electric power prices and the decline of coal, which has until recently been the primary fuel used to produce …