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Four EU nations urge European Commission to set "challenging" 2025 car emissions goal

* Commissioner says standards to be "ambitious but achievable"

RPT-UPDATE 1-Emissions trading can undermine climate efforts-Pope

* Comments 'out of step' with many economists, analysts-IETA (Repeats to more subscribers with no changes to text)

Green energy targets drive renewables capacity to new high

LONDON, June 18 (Thomson Reuters Foundation) - Capacity to generate power from renewable sources, including solar, wind and hydro, hit a new high in 2014, driven by a rise in the number of countries with green energy goals, an international group of experts said on Thursday.

UPDATE 1-Activists, U.N. celebrate pope's call to arms on climate change

June 18 (Reuters) - Pope Francis' appeal to save the planet won enthusiastic praise from climate change activists, scientists and religious figures on Thursday as a moral imperative to governments to make 2015 a turning point in efforts to slow global warming.

UPDATE 2-Germany's Bilfinger warns again, lops off ailing Power unit

* CFO says there is interest from potential buyers of Power unit

UPDATE 1-Major investor in Dragon Oil says ENOC offer undervalues company

LONDON, June 18 (Reuters) - Asset management company Baillie Gifford, oil producer Dragon Oil's largest independent investor, said an increased takeover offer from majority owner Emirates National Oil Co (ENOC) "materially undervalued" the company.

UPDATE 1-Excerpts from Pope Francis encyclical on the environment

VATICAN CITY, June 18 (Reuters) - Pope Francis on Thursday issued a major encyclical on the environment, called "Laudato Si (Praise Be), On the Care of Our Common Home". Here are some key excerpts from the official English version:

Putin ally proposes early election to get through Russia's storm

ST PETERSBURG, Russia, June 18 (Reuters) - A former finance minister proposed on Thursday bringing forward the next presidential election to give his ally, Vladimir Putin, a stronger mandate to reform the economy and guide Russia through a financial "storm".<

UPDATE 1-Kenya, Uganda may decide on oil pipeline route by mid-July

NAIROBI, June 18 (Reuters) - Kenya and Uganda could decide by mid-July on the route for a crude pipeline linking their newly found oil fields to the Kenyan coast, a vital step for oil firms to make a final investment decision, a senior Kenyan ministry official said.

UPDATE 1-Gazprom, Shell agree to expand Sakhalin-2 project

ST PETERSBURG, Russia, June 18 (Reuters) - Russian gas producer Gazprom and Royal Dutch Shell have signed an agreement to expand the Sakhalin-2 LNG project, Gazprom said in a statement on Thursday.

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