The burning of fossil fuel attracts subsidies of US$5.3 trillion a year, the equivalent of 6.5% of global GDP, according to the latest report published by the IMF.
The Welsh Government has confirmed that it will enact a 2050 greenhouse gas emission target that will see the country reduce its emissions by 80% under its Environment Bill.
The European Parliament has endorsed proposals to limit the amount of crop-based biofuels used in transport to 7%, down from the current 10% by 2020 target.
The Liberal Democrats are aiming to stimulate at least £100 billion of private investment in the UK’s renewable energy infrastructure and want a third of the UK’s energy demand to be met from renewable sources by 2020.
Following two weeks of negotiations by more than 190 countries in Lima, United Nations members have claimed to have set a “clearer vision” for a 2015 agreement on climate change.
Caroline Flint, Labour MP for Don Valley and shadow secretary of state for energy and climate change, released the party’s Green Paper: End to Cold Homes, in Hastings on Monday.
