Germany's environment minister outlined plans on Thursday to limit support for wind energy and biomass generation following a similar cap imposed on the photovoltaic sector, as part of a proposed r

Investments highest in solar power followed by wind energy

New investments in renewable energy and fuels reached $257 billion worldwide last year, with India logging the sharpest surge and China attracting the largest amount at $52.2 billion, says a report. In 2010, the total global investment in renewable power and fuel was $220 billion, according to the latest report of Worldwatch Institute.

Mumbai As India positions itself as a major global hub for solar power and more money flows into the industry, smaller players are likely to emerge as attractive targets for companies looking to gain scale. The government is targeting a 20-fold rise in sun-power generation to 20 gigawatts (GW) by 2022 as it looks to counter an average 9% power shortfall that shaves about 1.2 percentage points off annual economic growth.

"Consolidation is likely to happen in the industry over the next five years," said Santosh Kamath, Partner and and Lead Renewables, Energy and Natural Resources at KPMG. "Smaller players will find it difficult to be competitive. Scale will become important."

The Senate unanimously passed a bill on Saturday that would shield U.S.

Public outrage seems to have got better of scientific opinion when it comes to disposing of over 350 tonnes of toxic waste on the Union Carbide's now-defunct premises at Bhopal.

Germany has become the latest address to reject a parcel from the now defunct plant of Union Carbide in Bhopal, even before it began its journey.

Protests in Germany have ensured that the refuse cannot be taken to Europe either

It’s back to square one in the mission to get rid of toxic waste from Union Carbide’s pesticide plant in Bhopal, with German agency GIZ backing out of a proposal to airlift 350 tonnes of waste to Europe for safe disposal. After three months of extensive contract negotiations with the Indian government, the firm on Monday said: “Hazardous waste disposal through GIZ is no longer an option.” In a statement on why the contract did not materialise, GIZ said “uncertainties [which] extended to the German public” had grown during the months of struggling to close the deal.

A German firm has refused to remove 350 tonnes of toxic waste from the Bhopal gas disaster site for disposal in Germany, claiming the soil was contaminated with insecticides and that the waste was