Finweek English Edition - - IN BRIEF -

US pres­i­dent Barack Obama has been hailed for his “Clean Power Plan”, which aims to re­duce car­bon diox­ide emis­sions by 32% by 2030 (com­pared with 2005 lev­els). The plan will en­cour­age the move from coal-fired power sta­tions to nat­u­ral gas, and in­vest­ment in re­new­able energy and ef­fi­ciency, ac­cord­ing to Reuters. While this is bad news for coal min­ers and in­vestors, it is a brave step show­ing real in­tent to curb cli­mate change.

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