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...

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...

With the frequency and severity of droughts likely to increase due to climate change, more than 60 scientists from all the world’s regions are meeting at a United Nations-backed conference in the United States this week to draw up guidelines for early warning systems that could save countless lives. “Early warning systems for drought allow individuals and communities to act in sufficient time to reduce the possibility of loss of...

The prime minister of Denmark, Lars Løkke Rasmussen, is now calling for a “political declaration” at the Copenhagen climate change conference, instead of the promised “ambitious” and “binding” outcome. In other words, brave words will take the place of bold deeds at Copenhagen. India and other developing countries are reluctant to accept this lowering of sights and are still hoping for substantive results. The Danish announcement is disappointing but not unexpected....

The highly-anticipated United Nations climate change conference kicked off in Copenhagen, Denmark, today with countries issuing urgent calls for action to curb global warming. Over 15,000 people, including government officials and representatives from the private sector, environmental organizations and research institutions, as well as 110 heads of State and government – including United States President Barack Obama and Chinese Premier Wen Jiabao – are expected to take part in the...