In energy infrastructure alone, the transformational ambitions the Copenhagen meet is expected to set will cost more than $10 trillion in additional investment.  If negotiators reach an accord at the climate talks in Copenhagen it will entail profound shifts in energy production, dislocations in how and where people live, sweeping changes in agriculture and forestry and the creation of complex new markets in global warming pollution credits. So what is...

Around 80 per cent of global trade is transported by sea but challenging times are ahead for the shipping industry, which is faced with a surge in the supply of vessels and tumbling freight rates amid the economic crisis, says a report released today by the United Nations Conference on Trade and Development (UNCTAD). The agency’s Review of Maritime Transport 2009, known as RMT, notes that international seaborne trade grew...

On the eve of the historic United Nations climate change gathering in Copenhagen, Denmark, a top official with the world body today expressed confidence that the event will deliver a comprehensive and ambitious new deal. The two-week talks are set to kick off tomorrow in the Danish capital, and by the end of the summit, Governments must adequately respond to the urgent challenge posed by climate change, said Yvo de...