Archive for the ‘About Economy’ Category

Europe Says Financial Crisis Doesn’t Trump Climate Change


In a meeting with environment and energy ministers from other European countries yesterday, Sweden’s Minister of Environment, Andreas Carlgren, said that global economic problems should in no way slow movement to address climate change. Other leading European ministers agreed.

Economic problems today are in many ways a result of environmental missteps in the past. If we want a healthy economy in the future, we have to take the environment into account more than we have. The Swedish Minister of the Environment agrees and says that there should be no hesitation to combat climate change due to the current economic situation. Read the rest of this entry »

4 New Eco-Design Rules for the EU — Saving as Much Power as Austria and Sweden Use Annually

The EU is cutting electricity use equivalent to Sweden and Austria’s annual usage. In total, after previous ecodesign regulations, the savings will be greater than Italy’s total consumption by 2020.

The European Union (EU) agreed to cut carbon emissions by 20% by 2020 earlier this year. They stated: “The challenge is to spark a new industrial revolution that will deliver a low-energy economy, whilst making the energy we consume more secure.” In another move to spark this new industrial revolution, the European Commission added 4 new eco-design standards this week to the 5 they had previously set.

The four new eco-design measures will save as much electricity as Sweden and Austria use annually. Combined with the previous five measures, the electricity savings will be more than the total annual usage of Italy!
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Global Wheat Crop Threatened by Rust Fungus – African Seeds May Offer Hope

durum wheat crop_ triticum durum

You may not have heard of Ug99 yet, but, if its rapid spread continues unchecked, chances are you will not only be hearing about it, but you’ll be paying for it too. That’s because this fast-spreading strain of the fungus that causes stem rust–a seemingly unstoppable plant disease–is now spreading around the globe and threatening to devastate the world’s wheat harvest.

One hopeful remedy may in fact lay in certain native, durum wheat species (“landraces”) found only in certain African nations–in particular, Ethiopia–which are believed to possess “slow rusting” genes. These native durum wheat varieties are stronger (durum is Latin for “hard”) than other strains and originally evolved under much different environmental conditions than European and Western Hemisphere varieties. These durum landraces have most likely evolved slight gene variations as a result. Variations in gene sequences (and/or their expression in the wild), it is believed, can confer survival advantages to the plants when transplanted in a different locale.

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Rethinking Plastics in the UK

Coloured plastic strawsIn the process of reconstructing the global economy especially after the G20 summit, where international trade protectionism was advised against, it would make sense to act in unison with respect to even conserving the environment and formulating common legislations on materials like plastic.

So why is it that the UK and Europe are looking at new initiatives to recycle plastic while developing countries (India, Bhutan, Bangladesh and even Rwanda) are looking to ban their use completely. Which is the more profitable and productive alternative? Read the rest of this entry »

6 World Records Set by South African Mines

South Africa is a world leader both in terms of mineral resources and in the development of mining technology to extract these resources. The industry there leads the world in many areas, and has had enormous impact on the growth of Africa and on the environment.

1. The Biggest Open Cast, Hand Dug Mine in the World

KImberly Big Hole

The Big Hole of Kimberly was dug by hand, using picks and shovels. There is debate about whether the Big Hole is the biggest hand dug open cast mine in the world. Its surface area of 17 hectares (42 acres) and depth of around 200 metres (650 ft) required the excavation of around 25 million tons of earth and rock. This was achieved in 52 years between 1866 and 1914 by a workforce of up to 50,000 miners. What is beyond dispute though is that The Big Hole yielded 2,720 kilograms (6000 lb) of diamonds significantly more than the Jagersfontein mine, the other contender for the title of biggest. After all what better metric is there than output! Read the rest of this entry »

Recession Ends Pollution of World’s Largest Freshwater Lake

baikal south

The global economic downturn has caused a large paper and pulp mill on Lake Baikal in Russia to halt operation.

Baikal Pulp and Paper Mill started running in 1966.  For 43 years, despite the efforts of environmentalists, it dumped enormous quantities of toxin-laced wastewater into the pristine lake.

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African Diamond Miners Choosing Carrots Over Carats

Child MinerFinally, some good news to come out of the global recession! As the price of rough diamonds plummets in Africa, miners throughout the continent are instead turning toward a future in agriculture.

Diamond mining has nearly destroyed many African nations. In Sierra Leone, for instance, diamonds are what fueled an 11-year civil war, which killed or injured nearly 100,000 people and displaced millions. The conflict was popularized in the Oscar-nominated blockbuster film, Blood Diamond, starring Leonardo DiCapprio.

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Should Obama Send $16 Billion to Bail Out the Amazon?

President Obama meets with Brazil\'s President Lula da SilvaDepending on how you look at it, Obama’s meeting with Brazil’s President Luiz Inacio Lula da Silva this past weekend could be interpreted as either a first step toward cooperating on biofuel trade or a missed opportunity to protect the Amazon rain forest.

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Spend Billions on Green Investments Now, Say UK Economists

Leading economists – including Nicholas Stern – call for immediate $400bn global fund to generate clean power, insulate homes and create jobs.

Nicholas Stern, former World Bank Chief Economist and Senior Vice President Governments across the world must commit to hundreds of billions of pounds in green investments within months in a combined attack on the global economic crisis and global warming, according to leading economists including Nicholas Stern.

The team says some $400bn (£277bn) should be channelled to support low-carbon technologies such as home insulation and renewable energy. Given the urgency of both the economic and climate crises, it wants the green investment made by this summer and to total 20% of the £1.4tn likely to be spent globally as fiscal stimulus.

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