Briefs: Kenya thinks nuclear, crunch hits carbon trade and Chad pipe dream ends

Posted by Laura Grant on September 16, 2008
Posted in Green News

Power hungry: Kenya is considering building a 1,000MW nuclear power station.

Carbon trade: Lehman Brothers, the US investment bank that has filed for bankruptcy protection, has closed its carbon trading desk, Reuters reports. The bank has stakes is about 10 Clean Development Projects, mostly in China, a source told the news agency, which may have to be sold by liquidators. The impact of the credit crisis will probably be felt by the clean energy sector as banks limit their lending, says Reuters. The European Union reportedly needs about 85-billion Euros a year to reach its 2020 renewable energy targets.

Plate plan: Non-recyclable disposable plates and cutlery are to be taxed in France to encourage consumers to buy more eco-friendly products.

Money hungry: The World Bank has withdrawn from an agreement for an oil pipeline linking landlocked Chad to terminals on the coast of Cameroon because Chad’s government failed to “allocate adequate resources to poverty alleviation”, The Guardian reports. The deal was meant to bring much needed petrodollars to Chad. As part of the agreement Chad’s government had said it would spend 72% of the oil royalties on building schools, hospitals and roads. A significant amount of the money is thought to have been spent on the military. Chad has agreed to repay $140-million.

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