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Drought-hit Cyprus considers importing water

Drought-stricken Cyprus may import water to beat a crippling shortage that is threatening to tap the island's reservoir reserves dry, its agriculture minister said on Wednesday. The decision to bring water in sea tankers from Greece would depend on weather over the next two months, but the outlook for rain was not promising, Photis Photiou said. >> Read the Full Article

WEF warns 2008 uncertainties may hit climate efforts

An increased focus on turbulent financial markets and escalating geopolitical tensions in 2008 could prompt governments and firms to neglect less immediate risks like climate change, the World Economic Forum warned. That, it said on Wednesday, could make it even harder to deal with these critical longer-term issues in the future. >> Read the Full Article

Japan feels the heat: global warming pushing temps higher

The average temperature in Japan could rise by up to 4.7 degrees Celsius (8.5 Fahrenheit) this century unless steps are taken to combat global warming, the Environment Ministry said on Wednesday. Japan, the world's second-biggest economy, could face a rise in the average temperature of 1.3-4.7 C (2.3-8.5 F) in the 2070-2099 period from levels registered in 1961-1990, the ministry said in a report. >> Read the Full Article

China rings out year of fluorescent green pigs

A fluorescent green Chinese pig has given birth to two piglets which share their mother's transgenic characteristic after she mated with an ordinary pig, state media said. The mother sow is one of the three fluorescent green pigs successfully bred by a research team in December 2006 after they injected fluorescent green protein into pig embryos. >> Read the Full Article

Switchgrass fuel yields bountiful energy: study

Switchgrass, a crop touted by venture capitalists and environmentalists alike as a next-generation ethanol feedstock, yields about five times more energy than it takes to grow it, making the plant a far more efficient fuel source than corn, a new study said. In addition, the life cycle of the switchgrass ethanol -- which includes growing the crop, making the fuel, and burning it in vehicles -- emits about 94 percent less of planet-warming carbon dioxide than the life cycle of gasoline, said the study, published on Tuesday in the Proceedings of the National Academy of Sciences. >> Read the Full Article

Cleantech funding rising, may overvalue sector: VCs

SAN FRANCISCO (Reuters) - Egged on by $100-a-barrel oil and consumers going green, venture capitalists plan to pour ever more cash into environmentally friendly technology this year, prompting talk of a bubble reminiscent of the dot-com era. Some 61 percent of 170 venture capitalists reached by one survey said they believe the inflow of venture dollars into "cleantech" would overvalue the sector, even though many remain convinced of its long-term potential. >> Read the Full Article

Forget Oil, the New Global Crisis is Food

A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial Group said at the Empire Club's 14th annual investment outlook in Toronto on Thursday. "It's not a matter of if, but when," he warned investors. "It's going to hit this year hard." >> Read the Full Article

Humans have caused profound changes in Caribbean coral reefs

Coral reefs in the Caribbean have suffered significant changes due to the proximal effects of a growing human population, reports a study published in the Proceedings of the Royal Society of London, B. “It is well acknowledged that coral reefs are declining worldwide but the driving forces remain hotly debated,” said author Camilo Mora at Dalhousie University, Halifax, Canada. “In the Caribbean alone, these losses are endangering a large number of species, from corals to sharks, and jeopardizing over 4 billion dollars in services worth from fisheries, tourism and coastal protection,” he added. >> Read the Full Article

Powerful storms, tornadoes hit Midwest

The U.S. Midwest was battered by rain, thunderstorms, and tornadoes late on Monday and early on Tuesday, while the central Plains was spared much of the harsh weather, which was a relief for cattle already stressed by previous storms. The National Weather Service on Tuesday had a tornado watch and severe thunderstorm warnings for parts of southwest Arkansas and flood warnings for much of northern Illinois and northern Indiana. >> Read the Full Article

Zambia cites environment in mine suspension

Zambia's second largest copper and cobalt producer has had a new mining project suspended after the government decided it failed to meet environmental standards, an official said on Tuesday. Edward Zulu, the director of the Environmental Council of Zambia (ECZ), said a leach plant project at Mopani Copper Mines (MCM), a joint venture of Swiss firm Glencore International AG and Canada's First Quantum Minerals, had been suspended. >> Read the Full Article