Sustainability Outlook

Renewable energy projects and new technologies at risk

The struggles of financial institutions are raising fears that investment capital for big renewable energy projects is likely to get tighter. Alternative energies like wind and solar are facing big new challenges because of the credit freeze and the plunge in oil and natural gas prices.

Japan launches voluntary CO2 market

Japan launched a voluntary scheme to further cut their CO2 emissions and expected to be the nation's broadest markets by next year. New technologies to save energy and reduce or remove emissions from atmosphere would be promoted under this cap and trade scheme.

Europeans split over goals to cut emissions

European claim to lead the push to combat global warming, credibility at stake. Officials say that a failure to reach a deal in December would be particularly damaging because it would undermine Europe's ability to negotiate with a new administration in the United States, which is expected to be more open to efforts to tackle climate change.

Electric cars are a big chance for China –McKinsey

The world's number two consumer of crude oil may find Electric cars as a solution to its dependence on oil, which is expected to be almost double by 2030 as per its current growth rates.