China Tops U.S. as Best Country for Renewable Energy Investment—Ernst & Young

first_imgChina Tops U.S. as Best Country for Renewable Energy Investment—Ernst & Young FacebookTwitterLinkedInEmailPrint分享Reuters:LONDON—The United States moved up to second place in a ranking of the most attractive countries for renewables investment, after China, a report by U.K. accountancy firm Ernst & Young showed on Tuesday.In an annual ranking of the top 40 renewable energy markets worldwide, China was the top country for the third year running, followed by the United States, which had occupied third place last year due to a shift in U.S. energy policy under President Donald Trump.Even though the United States imposed tariffs on imports of solar photovoltaic and modules this year, the effects have been mostly absorbed by the market and wind projects are not subject to subsidy cuts under a recently passed U.S. tax reform bill.“Solar import tariffs imposed by the U.S. government in January are likely to have only a limited impact on solar energy development in the country but are likely to tip the scales toward wind projects at the utility scale,” the report said.Germany was the third most attractive country in the ranking, while India slipped from second to fourth position due to investor concerns about the threat of solar import tariffs, the report said.More: U.S. Moves Up To Second Most Attractive Renewables Market After China: Reportlast_img read more

President Obama’s trip to Ethiopia to focus on South Sudan peace…

first_imgPresident Barack Obama with Ethiopia’s prime minister Hailemariam Desalegn Air Force One touched down at Addis Ababa’s international airport after a short flight north from the Kenyan capital Nairobi, and the president was greeted on the tarmac by Ethiopian Prime Minister Hailemariam Desalegn.AU Commission chief Nkosazana Dlamini-Zuma has hailed what she said will be a “historic visit” and a “concrete step to broaden and deepen the relationship between the AU and the US”.While Kenya launched one of the biggest security operations ever seen in the capital Nairobi to host Obama from Friday evening to Sunday, the habitual reach of Ethiopia’s powerful security forces meant there was little obvious extra fanfare ahead of his arrival.Ethiopia, like Kenya, has been on the frontline of the fight against the Somali-led, Al-Qaeda-affiliated Shebab. Both nations have troops in Somalia as part of an AU and US-backed force and are key security partners to Washington. President Barack Obama is in Ethiopia on the second leg of his African tour – the first serving US leader to visit the country.Ethiopia is Africa’s second-most populous nation and the seat of the African Union. Obama, who flew into a rainy Addis Ababa late on Sunday after a landmark trip to Kenya, his father’s birthplace, is to hold talks with the Ethiopian government, a key strategic ally but much criticised for its record on democracy and human rights.He will also hold talks with regional leaders on the civil war in South Sudan in an attempt to build African support for decisive action against the war-torn country’s leaders if they reject an ultimatum to end the carnage by mid-August.On Tuesday Obama will also become the first US president to address the African Union, the 54-member continental bloc, at its gleaming, Chinese-built headquarters.Obama is expected to discuss the thorny issue of the South Sudan peace process President Obama is expected to hold talks with government officials and discuss the civil war in South Sudan with regional leaders.last_img read more