Bloomberg Even as global governments raise their ambitions to cut fossil fuels in the future, they spent a record $1 trillion last year subsidising energy sources that are the main driver of climate change. That’s the finding from the International Energy Agency (IEA), which estimates that the combined subsidies for oil, natural gas, electricity and coal hit an all-time high ...

  Bloomberg Gail India Ltd. is looking to buy a stake in a US liquefied natural gas (LNG) export facility amid a wider global effort to secure supply to meet rising fuel demand. The company released an expression of interest to acquire as much as 26% equity in an existing LNG plant or a proposed facility that will be commissioned ...

  Bloomberg The authorities in charge of the world’s largest man-made lake are considering using floating solar panels to generate power after plummeting water levels deepened power outages in Zambia and Zimbabwe. Adding photovoltaic capacity to the surface of the Kariba Dam the water would supplement more than 2,100 megawatts of hydropower capacity, Munyaradzi Munodawafa, chief executive officer of the ...