Coal fuels emerging markets, European popularity declines
Greater efforts in Europe to reduce output of greenhouse gases while emerging markets rely heavily on coal
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Paris
COMPANIES, banks and investment funds, primarily European, have been coming out in recent weeks with announcements that they will halt investments in coal, a new front in efforts to reduce use of the highly polluting fuel that faces a battle against the hunger for power in emerging markets.
The latest move came on Friday, when Norway's parliament voted to force its sovereign wealth fund - the world's biggest - to pull out of firms that are heavily involved with coal.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
