The carbon market doubled to $126bn, but the value of transactions financing project-based emission reductions fell 12% to $6.5bn in 2008. Difficulties in getting financing for projects during the financial crisis, regulatory delays and the market's uncertain future caused the drop. World Bank is working to deepen the reach of the carbon market with two new facilities.
MADRID/ Washington: Spain on Monday became the first nation outside North America to confirm a case of swine flu, and the European Union Health Commissioner urged Europeans to postpone nonessential travel to the United States and Mexico.
The flu virus spreading around the world should not be called "swine flu" as it also contains avian and human components and no pig was found ill with the disease so far, the World Animal Health body said on Monday.
New Delhi: Following the spread of swine influenza in the United States, the Centre has swung into action. Experts at the Indian Council of Medical Research (ICMR) along with the Health Ministry officials will hold a high-level meeting on Monday to discuss the level of preparedness in the country.
New Zealand expects to allocate up to 1 million emissions permits to forestry owners by next month, a fraction of the 8 million set aside for issuance this year to the sector, the government said on Thursday.
New Zealand will better its target for cutting greenhouse gas emissions under the Kyoto Protocol because of drought and reassessment of its forests, a government report said on Wednesday.
The country was now expected to produce around 9.6 million tonnes less of carbon dioxide and other greenhouse gases than allowed in the protocol's first commitment period of 2008-2012.
Legally-embattled Facebook has found an unexpected ally in a New Zealand judge. Wellington High Court judge David Glendall has approved the use of the social-networking site to serve court papers. Glendall approved the serving of legal papers on Craig Axe, who is alleged to have taken NZ $ 241,000 (US $ 126,300) from his family
Geoscientists claim to have discovered an entire ocean that was destroyed 20 to 50 million years ago when its sea floor sank some 1,100km into the earth between Australia and New Zealand. An international team has reconstructed the cataclysm which took place when the tectonic plate underlying the ocean
Water quality trading is gaining traction in a number of watersheds around the world. It is a market-based approach that works alongside water quality regulation to improve water quality, providing flexibility in how regulations are met and potentially lowering regulatory compliance and abatement costs. The research identified 57 water quality trading programs worldwide.
