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Written by Administrator
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By Thomas Wagner LONDON (AP) - Big business fears that the fight against climate change will cost billions are now giving way to a different view: green can be the colour of money. The United States, Europe and Japan are locked in a frantic race to cash in on the exploding business of saving the planet. London has become the centre for the multibillion dollar market in carbon emissions, attracting investors who trade CO2 allowances. Silicon Valley is leading the way in attracting venture capital for green technologies that shows signs of mirroring the dot-com boom -- and critics say eventual bust -- of the 1990s. And Japan's Toyota has sold more than a million Prius hybrid models, its cutting-edge eco-friendly car. Like all markets, the clean energy industry faces risks. A sustained fall in the world's steep oil prices could make investment in alternatives to fossil fuels seem less attractive. More important, to sustain business' new attraction to clean energy, governments must maintain, or even step up, efforts to cut carbon emissions. Toward that end, a major U.N. meeting will be held in Bali, Indonesia, in December aimed at reaching a new global climate pact to succeed the Kyoto Protocol, which expires in 2012. |
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Last Updated ( Monday, 20 August 2007 )
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Written by Administrator
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By Mitch Wright The news Bulletin Article Link Nanaimo fishermen are heading north. With the Fraser River sockeye run at just one-quarter of the estimated 6.2 million returns, there is no commercial and recreational salmon fishing this summer. “There’s currently less than 1.5 million returned,” said Greg Thomas, a resource management coordinator for the federal Department of Fisheries and Oceans, based in Nanaimo. “At that level of return, there just isn’t any surplus available for fisheries.” |
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Last Updated ( Monday, 20 August 2007 )
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New Rules Needed to Protect Arctic - WWF |
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Written by Administrator
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New and better rules are urgently needed to counter the current rush for Arctic territories and resources, said environmental agency WWF on Friday. Without improved international cooperation between Arctic nations, one of the world’s most fragile regions, which also plays a critical role in stabilising the planet’s climate, could face irreparable damage, the conservation organisation added. “We urgently need sound international co-operation between Arctic nations to guarantee that the region’s development is sustainable,” said Dr Neil Hamilton, Director of the WWF Arctic Programme. “The political and symbolic gestures of recent expeditions asserting territorial claims and rights to unrestricted exploitation lead to nowhere and could revive conflicts that have affected the region in the past.” |
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Last Updated ( Monday, 20 August 2007 )
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