Norway's sovereign wealth fund is to pull €11 billion out of fossil fuel companies. Oslso says it will invest more than double that in green energies.
Coal and oil have long been sought-after investment targets, but that is changing. Norway is increasingly withdrawing its huge sovereign wealth fund from fossil fuels. But for finance, not climate protection.
Fiji has told Australia its refusal to shift from coal to renewable energy sources amounts to an "existential threat" to Pacific islands. Neighboring low-lying Tuvalu is about to host an 18-nation regional forum.
A cooling tower emblematic of Germany's nuclear aversion has been toppled near Koblenz. Seven reactors are still operational in Germany, with the last due to be phased out in late 2022 amid a drive to renewables.
In Germany, sun, wind, water and biomass have so far produced more electricity in 2019 than coal and nuclear power combined. But it's a snapshot of a special market situation and might not be a long-term trend.
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