BlackRock is the canary in the coalmine. Its decision to dump coal signals what’s next

The announcement matters, in part because of Blackrock’s sheer size. It is the world’s largest investor, with a total of $US7 trillion in funds under its control. Its announcement it will “put climate change at the center of its investment strategy” raises questions about the soundness of smaller financial institutions that remain committed to coal and to a carbon-based economy. THE CONVERSATION

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India cancels plans for huge coal power stations as solar energy prices hit record low

India has cancelled plans to build nearly 14 gigawatts of coal-fired power stations – about the same as the total amount in the UK – with the price for solar electricity “free falling” to levels once considered impossible. Analyst Tim Buckley said the shift away from the dirtiest fossil fuel and towards solar in India would have “profound” implications on global energy markets. THE INDEPENDENT

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