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New Zealand Bans New Offshore Oil and Gas Exploration

New Zealand will no longer offer new permits for offshore oil and gas exploration, Prime Minister Jacinda Ardern announced Thursday "The whole world is going in this direction," Ardern said. "We all signed up to the Paris agreement that said we're moving towards carbon-neutrality, and now we need to act on it." The ban only affects future

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Investment Flows Signal Shift Towards Cleaner Energy

Global energy investment down 8% in 2015 with flows signalling move towards cleaner energy A new IEA report – World Energy Investment 2016 – shows the electricity sector leading a broad reorientation of energy investment but warns more is needed to meet climate targets and address energy security concerns (London) — 14

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