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Top executives from companies likely to win from climate change policies demanded on Tuesday that governments turn away from fossil fuels when they sign a new climate pact, expected in December.

Europe should halt the construction of any more wind farms until it has further examined their impact on wildlife, landscapes and the value of nearby houses, a new anti-wind farm group said on Tuesday.

Plans for the world's most comprehensive carbon-trading scheme face defeat or parliamentary delay after Australia's opposition said on Tuesday it will try to postpone a vote on the laws this year.

Recent share placements by renewable energy companies suggest the industry has passed through a financial bottleneck, but investor appetite for further stock sales could vanish as quickly as it surfaced.

Industry needs financial backing to reduce carbon emissions and fight climate change, business leaders told a climate conference on Monday, drawing criticism that they put profits before the environment.

Solar power plants in deserts using mirrors to concentrate the sun's rays have the potential to generate up to a quarter of the world's electricity by 2050, a report by pro-solar groups said on Monday.

European Commission President Jose Manuel Barroso said on Monday he was confident the world would sign a global deal to combat climate change in Copenhagen in December.

Barroso urged European industry to gear up for a green technology race instead of shoring up outdated, high-carbon business models.

The Philippines hopes to attract $9-10 billion in investments in renewable energy projects over the next 10 years as a law giving investors fiscal incentives takes effect next month, a top official said on Monday.

"Our objective is to double the power being generated from renewable energy sources, from 4,500 MW to 9,000 MW in 10 years," Energy Secretary Angelo Reyes told a news briefing.

M.Soundariya Preetha
COIMBATORE: Steep rise in availability of wind energy has enabled the Tamil Nadu Electricity Board (TNEB) to relax its demand-side regulations.

The definition of renewable energy seems clear cut: The sun continues to shine, so solar energy is renewable. The wind continues to blow, so wind turbines churn out renewable power.