MUMBAI, India — One of India’s largest automakers, Mahindra & Mahindra, said Wednesday that it would acquire a controlling stake in Reva, an electric car maker in Bangalore that has been looking for partners to invest in its technology.
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AMSTERDAM — Talks on a new global climate change accord, bogged down for years in contested negotiations among nearly 200 countries, will increasingly move outside the sluggish U.N. Venture capital firms invested at least $5.6 billion in clean technology in 2009 in North America, Europe, China and India, according to a preliminary tally announced Wednesday by the Cleantech Group and Deloitte. There are so many potential landmines awaiting negotiators in Copenhagen—from big-ticket items like emissions-reductions targets to financing to seemingly arcane items like forest protection—it’s hard to single out just one that could blow up the whole thing. Could carbon tariffs do the trick? Seems like everywhere we turn these days, media outlets are looking back at the decade that was. Rather than fight it, we are joining in – with an Environmental Capital twist. Associated Press Billowy and cheap. Climate campaigners staged a noisy walkout from the Copenhagen summit to protest the deadlock over a deal on climate change. It’s a reflection of the bleak mood here as the prospects of a deal appear to recede, amid disagreements over everything from the scale of emissions cuts to financial aid to poor countries. Senior Obama administration officials Tuesday acknowledged climate negotiations in Copenhagen were in “a difficult state” and clashes over verification of emission reductions and other fundamental issues could stymie a final agreement. But the senior administration officials, who spoke in an press briefing on condition of anonymity, said they continued to have “very constructive” dialogue with their counterparts from China, the world’s largest greenhouse gas emitter and a linchpin for a successful conference. “It’s fair to say that [negotiations] have been going in a pretty bumpy fashion and are often difficult,” said one of the officials. We may never see plug-in airplanes, but the airline industry is one step closer to breaking free from the bonds of petroleum. So the Copenhagen climate conference is heading into crunch time, with an avalanche of world leaders arriving in coming days to put the finishing touches on the big climate accord. With just three days left, where do things stand at Copenhagen? Not particularly good Ministers painted a picture of a summit finely balanced between success and failure. Ed Miliband, the UK’s climate change minister, said Copenhagen “could still fail,” but was “more on track than it was yesterday.” Associated Press Ed Miliband, the British climate change minister Delegates were narrowing their differences, and there was hope they could be eliminated by the end of the week, when world leaders arrive in Denmark to seal a deal. But he warned there was still a long way to go. |
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