Tag Archives: Climate change

The Other Debt Crisis – The Climate Debt

After another week with intense focus on poor Europe, evil speculators and malicious Credit-default Swaps, I guess it’s time for another reminder of what’s really important, and what’s not.

In the latest edition of Fault Lines, at the Arabic TV station Al Jazeera, reporter Avi Lewis travels to Bolivia to explore the country’s climate crusade from the inside.

“Capitalism Dies, or Earth Dies.

Evo Morales

Here’s the “must watch” of the weekend:

Related by the Econotwist:

E.U. Climate Chief Pessimistic After U.S. Visit

U.N Climate Panel Seeks Help

As Climate War Intensifies, So Does Extreme Weather

World May Not Be Warming, Scientists Says

“Mini Ice Age” Underway?

A non-agreement on nothing

Volcano Ash Can Send The Earth Into “Deep Freeze”

Low-Oxygen Zones In Oceans Worry Scientists

Earthquake May Have Shortened Days on Earth

Mother Earth On Crack

More Mysterious “Monster Fish” Comes To Surface

Reblog this post [with Zemanta]
Advertisements

Comments Off on The Other Debt Crisis – The Climate Debt

Filed under International Econnomic Politics, National Economic Politics

Russia And Norway Reach Artic Agreement – After 40 Years

The frontiers at the bottom of the Barents Sea and the Arctic Ocean have long been a source of contention between Moscow and Oslo for many years. Now, after some 40 years of negotiations, Norway and Russia have reached agreement over their undersea borders in the high north.

“This is an historic day. We have reached a breakthrough in the most important outstanding issue between Norway and the Russian Federation.”

Jens Stoltenberg


The two nations announced they had reached an accord on late Tuesday as the leaders of Norway and the Russian Federation signed a joint declaration bringing an end to the struggle over the extent of their Arctic territory, the EUobserver reports.

“This is an historic day. We have reached a breakthrough in the most important outstanding issue between Norway and the Russian Federation,” Norwegian Prime Minister Jens Stoltenberg says.

The borders defining the nationality at the bottom of the Barents Sea and the Arctic Ocean have long been a source of contention between Moscow and Oslo.

In 2007, a Russian submarine famously planted a flag on the Arctic sea floor underneath the North Pole, while the Norwegian coast guard has regularly detained Russian fishing boats.

The flag stunt, mounted by State Duma deputy and polar explorer Artur Chilingarov, at the time seemed to herald a “race for the Arctic.”

The EU for its part in 2008 published a security analysis highlighting the boundary disputes at the pole, arguing that the bloc should boost its civil and military capacities to respond to “serious security risks” resulting from catastrophic climate change.

“I believe this will open the way for many joint projects, especially in the area of energy,” Russian President Dmitri Medvedev told reporters after the meetings in Oslo yesterday.

The agreement will see a maritime delimitation line that divides a disputed area of some 175,000 square kilometres of the Arctic shelf in two parts of roughly the same size. The document also provides for fisheries and oil and gas co-operation, with language on work together to manage marine life.

Crucially, there are a series of detailed rules and procedures governing how oil and gas deposits that cross the border should be apportioned.

Negotiations have completed, but some further technical work must still be done before a final treaty is signed, at which point, this will have to be approved by the two nations’ parliaments.

“Agreement on the maritime delimitation line opens up new prospects for cooperation in the north on resources, trade and industry, employment opportunities and people-to-people co-operation across our common border,” Mr Stoltenberg says.

Source: EUobserver.com

Related by the Econotwist:

Norwegian Oil Explorer Files For Bankruptcy

Norway’s GDP Fall For First Time In 20 Years

Mother Earth On Crack

Norwegian Labor Costs At Record High

Gas Shortage For Freezing Brits

På lånt tid


The H5F-TV Toolbar; built-in radio- and TV channels, news ticker and email notifier.

Reblog this post [with Zemanta]

1 Comment

Filed under International Econnomic Politics, National Economic Politics

E.U. Climate Chief Pessimistic After U.S. Visit

E.U. climate commissioner Connie Hedegaard has ended meetings with her various U.S. counterparts dejected by uncertainty as to whether Washington will be able to pass badly-needed climate legislation in time for a summit Mexico.


“The feeling that I got yesterday was that, well, not too many want to bet on the timing and what could be the outcome.”

Connie Hedegaard


“It’s very, very nervous times. People don’t know, will it fly or will it not fly,” she told reporters in the American capital on on Thursday, a day after she had met with climate special envoy Todd Stern, climate and energy ‘tsar’ Carol Browner, the administrator of the Environmental Protection Agency, Lisa Jackson and a clutch of senators and congressmen.

“The feeling that I got yesterday was that, well, not too many want to bet on the timing and what could be the outcome,” she said.

US legislation in the climate area has all but stalled, with the Obama administration focused on a debate about healthcare and this year’s mid-term elections.

Without Washington able to pass laws to match Mr Obama’s international greenhouse gas emission reduction pledges, reaching a binding international deal this year by December’s UN climate summit in Cancun, Mexico, will be impossible.

“What we hear coming out of the American discussion, coming out of Beijing, coming out of Delhi, maybe also Mexico, [is that] it would be difficult to get all the details set [for such a deal],” the EU commissioner said.

The US has pledged to reduce its emissions by 17 percent on 2005 levels by 2020. Most other powers however, including the EU, use 1990 as the baseline year. Using the same measuring stick, Washington would cut emissions by four percent on 1990 levels by 2020.

If the country cannot achieve even this at the congressional level, the chances of a global deal become ever more unlikely.

The Obama administration does have a plan B, should the bill be defeated.

In 2007, the US Supreme Court ruled that the Environmental Protection Agency, a government regulatory body, has the authority to regulate greenhouse gases under the Clean Air Act. Instead of legislation forcing industry to cap its emissions, the EPA could simply regulate that they must do so.

Asked about the plan B, Ms Hedegaard was not optimistic and feared that the EPA, should it choose to do so in the absence of climate legislation, would almost certainly be faced with a series of lawsuits from enterprises affected by its enforcement of the Clean Air Act.

Source: EUobserver.com

Related by the Econotwist:

The Tragedy of The Century

Obama announces “non-binding” climate accord

A non-agreement on nothing

“Mini Ice Age” Underway?

Europe Risks Being Sidelined In Climate Talk

Netherlands Adds New Controversy To UN Climate Report

Top Scientist: “UN Climate Panel Is Losing All Credibility”

World May Not Be Warming, Scientists Says

As Climate War Intensifies, So Does Extreme Weather

Extreme Weather Around The Globe

Top 10 Risks of 2010

Coldest January In Norwegian History

Mother Earth On Crack

U.N Climate Panel Seeks Help

Earthquake May Have Shortened Days on Earth

Low-Oxygen Zones In Oceans Worry Scientists


Reblog this post [with Zemanta]

Comments Off on E.U. Climate Chief Pessimistic After U.S. Visit

Filed under International Econnomic Politics, National Economic Politics