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Labour attempts to kickstart a green energy revolution Miliband takes control of power grid and lays out plan for low-carbon UKThe government seized control of key levers in the energy sector today in an attempt to kickstart a stalling 'green energy' revolution and head off the threats of global warming and a rundown in North Sea oil.Ministers plan to take over the allocation of electricity grid connections in order to favour renewable schemes, force the industry regulator, Ofgem, to tackle carbon pollution and pass laws to compel power companies to help poorer families meet rising energy bills.The moves came as Ed Miliband, energy and climate change secretary, set out an ambitious road map for the UK to meet its legally binding target of a 34% cut in greenhouse gas emissions by 2020. Measures range across homes, cars, business and farming, but clean electricity generation will deliver half the reduction.Miliband said Britain would meet 40% of its electricity needs from wind, tidal and nuclear by the end of the next decade. The government' GuardianIndia prays for rain as it reaches for the skies For all the breathless talk of superpower status, India's leaders rightly play down the global heft of a country where many still live on less than $2 a day, writes James Lamont FTClinton Outlines Administration`s Approach to Global Problems The Obama administration is attempting to build a 'multi-partner world' in which both governments and private groups work collectively on common global problems and in which the United States does not shun dialogue with its adversaries, Secretary of State Hillary Rodham Clinton said today. Washington PostChina set to hit 8 percent growth goal in 2009 China is on course to hit its 8.0 percent growth target this year and become the first major economy to pull decisively out of the global slump, according to a Reuters poll. IB TimesBoston Globe: Russia sets up $7.5B fund to help neighbors Russia set up Wednesday a $7.5 billion crisis fund to help former Soviet nations weather the global economic crisis -- and, analysts say, to ... InformLA Times: Russian lawmakers approve $7.5 billion crisis fund for neighboring economic partners Russia set up Wednesday a $7.5 billion crisis fund to help former Soviet nations weather the global economic crisis - and, analysts say, to ... InformSotomayor Warms the Hearing Room With a Confident Touch Here is what Sonia Sotomayor has revealed about herself, after answering six hours of questions yesterday in her second day of Senate confirmation hearings: Washington PostGermany Has Been Slow to Fix Its Banks Companies want to be prepared when the global economy rebounds, but say lenders are squeezing them on credit. New York Times |
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