Climate

World Bank prices first U.N. carbon offset bond-lead
June 9, 2008 09:44 AM - Reuters

The World Bank on Monday priced a $25 million bond linked to United Nations-approved carbon emission offset credits, the market's first such bond, lead manager Daiwa Securities SMBC Europe said. Payments on the bond are linked to Certified Emissions Reduction credits (CERs), which are issued under the Clean Development Mechanism, a trading scheme that allows rich nations to invest in clean energy projects in developing countries.

Why Are Rising Sea Levels a Threat?
June 9, 2008 08:34 AM - , E Magazine

Recent NASA photos showed the opening of the Northwest Passage and that a third of the Arctic’s sea ice has melted in recent. Are sea levels already starting to rise accordingly, and if so what effects is this having?

Carbon-capping climate Senate bill dies
June 6, 2008 10:01 AM - Reuters

U.S. legislation that would have set up a cap-and-trade system to limit climate-warming carbon emissions died on Friday after a procedural vote in the Senate. The bill, which had bipartisan support but not enough to overcome opposition, aimed to cut total U.S. global warming emissions by 66 percent by 2050. Opponents said it would cost jobs and raise fuel prices in an already pinched American economy.

In conversation, Albright lays out global challenges facing the next president
June 6, 2008 09:57 AM - Stanford News Service

In a conversation with Scott Sagan last week, former Secretary of State Madeleine Albright discussed a wide range of international conflicts facing the next president, as well as her experience as a high-powered woman in politics. As Sagan, a professor of political science, and Albright rhetorically toured the globe, pausing at hot spots to probe serious policy issues, Albright delivered her advice with a dose of humor.

Senate Democrats May Pull Climate Bill
June 6, 2008 08:54 AM - Washington Post

If this week's Senate debate on a proposed cap-and-trade system for greenhouse gases was supposed to be a dress rehearsal for climate legislation, things are not looking too good for opening night. The week has been marked by parliamentary maneuvers and bitter accusations over divergent estimates of the bill's future costs. On Wednesday, a group of GOP senators asked that the clerk of the Senate read the entire 491-page bill aloud, an extremely rare request. That took more than 10 hours.

Climate Costs
June 5, 2008 09:37 AM - Reuters

BONN, Germany (Reuters) - Climate change presents a tough choice for governments determined both to fight global warming and tackle the rising cost of living. Climate measures inflate energy costs by putting a price on burning fossil fuels and also stoke food bills by using farmland and crops to produce renewable fuels.

Mexico City smog hurting people's sense of smell
June 5, 2008 09:18 AM - Reuters

Chronic pollution in Mexico City, which stains the sky yellow and can trigger government warnings to stay indoors, could be killing off residents' sense of smell, scientists say. Tests showed people in Mexico City -- a sprawling metropolis crammed with around 20 million people and 4 million cars -- struggled to sniff out everyday odors like coffee and orange juice compared to residents of a nearby town.

Eleven Major Corporations Urge Senate Passage Of Climate Change Legislation
June 5, 2008 09:10 AM - WWF

Eleven major corporations today urged the U.S. Senate to pass climate change legislation, saying the Lieberman-Warner Climate Security Act (S. 3036), which will be voted on this week, “represents a real effort to establish the regulatory framework that we need.” The companies backing the effort — Allianz of America; Catalyst Paper Corporation; FPL Group, Inc.; JohnsonDiversey, Inc.; Johnson & Johnson; Levi Strauss & Co.; National Grid, Nike, Inc; Novo Nordisk; Tetra Pak; and Xanterra Parks & Resorts — are working with World Wildlife Fund (WWF) to reduce their carbon emissions. Many are members of WWF’s Climate Savers and PowerSwitch! programs.

World Environment Day calls for end to CO2 addiction
June 5, 2008 09:03 AM - Reuters

The United Nations urged the world on Thursday to kick an all-consuming addiction to carbon dioxide and said everyone must take steps to fight climate change. U.N. Secretary-General Ban Ki-Moon said global warming was becoming the defining issue of the era and will hurt rich and poor alike.

Endangered Pacific islet facing mass relocation
June 5, 2008 08:59 AM - ABC News

World Environment Day is an opportunity for a diverse spread of countries, companies and communities to look at their environmental problems and try to find some solutions. But for the tiny Pacific nation of Kiribati, the environmental outlook is so grim the President, Anote Tong, has issued an appeal for Australia and other countries for help.

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