As a major emitter of greenhouse gasses from deforestation and the caretaker of a large chunk of the world’s remaining tropical forest, Indonesia finds itself at the top of the United Nations’ climate change agenda.
Yet despite a pledge by Norway to give the country $1bn as part of the UN’s landmark programme to reduce emissions from deforestation (REDD), progress has been painfully slow because of weak governance and rampant corruption. Continue reading »
If you thought ‘superstorm’ Sandy was bad, here’s a sobering thought: New York isn’t even a high-risk city when it comes to climate change. For that, head to Asia.
According to a report by Maplecroft, the risk consultancy, several big Asian financial and manufacturing centres are in the danger zone. Continue reading »
High temperatures are hurting crops in Russia and the US alike, raising fears over food prices. But food inflation isn’t the only issue that should worry policy makers.
Rising temperatures across the globe also hurt developing nations’ economic growth more than developed countries, according to a new study from the Massachusetts Institute of Technology. For every one-degree centigrade increase in temperature, a poor country can expect economic growth to drop by about 1.3 percentage points. But wealthier nations were found to be far less affected by temperature variations. Continue reading »