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News articles on economics
Mongabay.com news articles on economics in blog format. Updated regularly.
(12/07/2011) As the 17th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) is taking place in Durban, Ecuador has embarked on the development of a project presented as highly innovative. This project targets Yasuni National Park, which has been protected since 1979. Yasuni is home to several indigenous peoples and is a biodiversity hotspot. But it so happens that the park also sits atop a vast oil field of 846 million barrels, representing about 20 percent of the country’s oil reserves. The acronym Yasuni ITT stands for Ishpingo-Tambococha-Tiputinin, which are the names of three potential zones for oil extraction.
Top 20 banks that finance big coal
(11/30/2011) A new report from civil and environmental organizations highlights the top 20 banks that spend the most money on coal, the world's most carbon-intensive fossil fuel. Released as officials from around the world meet for the 17th UN Summit on Climate Change in Durban, South Africa, the report investigated the funding practices of 93 major private banks, finding that the top five funders of big coal are (in order): JPMorgan Chase, Citi, Bank of America, Morgan Stanley, and Barclay's.
Civilization shifting: a new leaderless era
(11/15/2011) For well over a decade global change scientists have ushered calls for urgent alteration in what they refer to as the “Business-as-Usual (BAU) paradigm” to cope with the interlinking social, economic, and environmental issues of the 21st Century. In 2001, one of the world’s largest Earth Science collaborative organizations, the International Geosphere-Biosphere Program (IGBP), published their "A Planet Under Pressure" summary report for policy makers.
Featured video: could a forest be worth more than a gold mine?
(10/31/2011) Jason A. Sohigian, the Deputy Director of the Armenia Tree Project (ATP), presents at TEDx on the often-unacknowledged economic value of forests, including wildlife habitat, safeguarding watersheds, soil health, and tourism. In Amerina, Sohigian estimates the economic value of forests to be between $7 million to $1.1 billion annually, if not more.
11 challenges facing 7 billion super-consumers
(10/31/2011) Perhaps the most disconcerting thing about Halloween this year is not the ghouls and goblins taking to the streets, but a baby born somewhere in the world. It's not the baby's or the parent's fault, of course, but this child will become a part of an artificial, but still important, milestone: according to the UN, the Earth's seventh billionth person will be born today. That's seven billion people who require, in the very least, freshwater, food, shelter, medicine, and education. In some parts of the world, they will also have a car, an iPod, a suburban house and yard, pets, computers, a lawn-mower, a microwave, and perhaps a swimming pool. Though rarely addressed directly in policy (and more often than not avoided in polite conversations), the issue of overpopulation is central to environmentally sustainability and human welfare.
New study: price carbon at the point of fossil fuel extraction
(10/17/2011) Global carbon emissions are a complicated matter. Currently, officials estimate national fossil fuel-related emissions by what is burned (known as production) within a nation, but this approach underestimates the emissions contributions from countries that extract oil and oil for export. Is there a better way to account for a country's total climate change footprint?
Tea party versus Madagascar's forests
(10/02/2011) The Tea Party and the African island-nation of Madagascar are having dueling concerts over the issue of illegal logging, reports the Associated Press. A concert in Madagascar over the weekend was meant to highlight the problem of illegal deforestation in one of the world's poorest countries. Meanwhile the Tea Party is holding a rally and concert on October 8th to support Gibson Guitar, a musical instruments company currently under investigation for breaking US law by allegedly purchasing illegally logged wood products from Madagascar.
Putting people to work: restoring our ecosystems, sequestering carbon
(10/02/2011) President Obama's sole focus of his September 8th speech to the United States Congress was job creation. He closed his speech by summoning an earlier time of promise: "President Kennedy once said, ' Our problems are man-made—therefore they can be solved by man. And man can be as big as he wants.' These are difficult years for our country. But we are Americans. We are tougher than the times we live in, and we are bigger than our politics have been. So let's meet the moment. Let's get to work..." Inspiration is surely needed because in addition to the United States, where unemployment remains at about 9 percent, severe unemployment is found throughout the world, with Greece, Spain, and South Africa, for example, having 2011 summer unemployment rates at over 16, 20, and 25 percent, respectively.
Forest carbon projects rake in $178 million in 2010
(09/29/2011) Investors funneled $178 million into forest carbon projects intended to mitigate global climate change last year, according to a new report by Forest Trends' Ecosystem Marketplace. By trading a record 30.1 million tons of carbon dioxide equivalent (MtC02e), the market saw a 48 percent rise over 2009—including a rise in private investors over non-profits as well as greater support for the global program Reduced Emissions from Deforestation and forest Degradation (REDD)—shows that the burgeoning market may be beginning to make good on its promise to provide funds to save forests for their ecosystem services with an initial focus on carbon.
From Red to Green? How the Financial Credit Crunch Could Bankrupt the Environment - a book review
(09/19/2011) Paul Donovan and Julie Hudson, CFA argue in From Red to Green? How the Financial Credit Crunch Could Bankrupt the Environment that twin credit crunches – both environment and financial – have been underway for some time. With chapters on food, water, energy, infrastructure, housing, consumer durables, health, education, work and leisure accompanied by a thorough economic analysis regarding both credit and environmental debts driving supply and demand of these goods and services, the authors discuss at length how global economics may be impacted in an environmentally constrained future.
Conserving and Valuing Ecosystem Services and Biodiversity: Economic, Institutional and Social Challenges
(09/11/2011) Conserving and Valuing Ecosystem Services and Biodiversity: Economic, Institutional and Social Challenges provides a much needed survey reflecting upon recent institutional experience yielding analysis that concludes that there exists financially rigorous rationale to justify conservation of biodiversity for economic reasons, above and beyond the usual rationale of conservation only for biodiversity, spiritual or ethical reasons.
Children on the frontlines: the e-waste epidemic in Africa
(09/09/2011) In Agbogbloshie, a slum outside the capital city of Accra, Ghana, tons of electronic waste lies smoldering in toxic piles. Children make their way through this dangerous environment, desperate to strip even a few ounces of copper, aluminum, brass, and zinc from worn-out electronics originating from the United States and Europe. "The smell alone will drive all but the most desperate away, but many are so desperate they persevere despite the obvious dangers. It is a very tough thing to witness," explains Dr. Kwei Quartey, a Ghanaian author and physician, in a recent mongabay.com interview.
Sowing the seeds to save the Patagonian Sea
(09/07/2011) With wild waters and shores, the Patagonia Sea is home to a great menagerie of marine animals: from penguins to elephants seals, albatrosses to squid, and sea lions to southern right whales. The sea lies at crossroads between more northern latitudes and the cold bitter water of the Southern Ocean, which surround Antarctica. However the region is also a heavy fishing ground, putting pressure on a number of species and imperiling the very ecosystem that supplies the industry. Conservation efforts, spearheaded by marine conservationist Claudio Campagna and colleagues with the Wildlife Conservation Society (WCS), are in the early stages. Campagna, who often writes about the importance of language in the fight for preservation, has pushed to rename the area to focus on its stunning wildlife.
Controversial study finds intensive farming partnered with strict protected areas is best for biodiversity
(09/01/2011) Given that we have very likely entered an age of mass extinction—and human population continues to rise (not unrelated)—researchers are scrambling to determine the best methods to save the world's suffering species. In the midst of this debate, a new study in Science, which is bound to have detractors, has found that setting aside land for strict protection coupled with intensive farming is the best way to both preserve species and feed a growing human world. However, other researchers say the study is missing the point, both on global hunger and biodiversity.
World on the Edge: How to Prevent Environmental and Economic Collapse
(08/30/2011) World on the Edge: How to Prevent Environmental and Economic Collapse clearly describes in terms of national and social security how the looming current threat to our collective global future is not from catastrophic war as many describe in hindsight the 20th Century, rather from cataclysmic climate change, biodiversity loss, and water degradation.
Innovative program saves wildlife, protects forests, and fights poverty in Africa
(08/23/2011) Luangwa Valley in Zambia is home to stunning scenes of Africa wildlife: elephants, antelopes, zebra, buffalo, leopards, hyena, and lions all thrive in Luangwa's protected areas, while the Luangwa River is known for multitude of snapping crocodiles and its superabundant herds of hippos. In fact, the area's hippos were filmed for the BBC's program Life, including a dramatic battle between two males (see below). Yet as in many such places in Africa, abundant plains and forest wildlife bump up against the needs of impoverished local people. The resulting conflict usually ends in large-scale wildlife declines; the same trend was documented in the Luangwa Valley until a unique initiative began to make a difference not only in the life of animals, but of people as well.
Taking corporate sustainability seriously means changing business culture
(08/11/2011) As more and more people demand companies to become sustainable and environmentally conscious, many corporations are at a loss of how to begin making the changes necessary. If they attempt to make changes—but fall short or focus poorly—they risk their actions being labeled as 'greenwash'. In addition, if they implement smart changes and self-regulations, but their employees don't buy-in to the process, all their investments will be for nothing. This is where Accountability Now, a young, fresh social responsibility agency, comes in. Clare Raybould, director of Accountability Now, believes companies—large and small—have the potential to change the world for the better, but they simply need a guiding hand to change not just the way a company works, but its culture.
Adaptation, justice and morality in a warming world
(07/28/2011) If last year was the first in which climate change impacts became apparent worldwide—unprecedented drought and fires in Russia, megaflood in Pakistan, record drought in the Amazon, deadly floods in South America, plus record highs all over the place—this may be the year in which the American public sees climate change as no longer distant and abstract, but happening at home. With burning across the southwest, record drought in Texas, majors flooding in the Midwest, heatwaves everywhere, its becoming harder and harder to ignore the obvious. Climate change consultant and blogger, Brian Thomas, says these patterns are pushing 'prominent scientists' to state 'more explicitly that the pattern we're seeing today shows a definite climate change link,' but that it may not yet change the public perception in the US.
South Sudan's choice: resource curse or wild wonder?
(07/11/2011) After the people of South Sudan have voted overwhelmingly for independence, the work of building a nation begins. Set to become the world's newest country on July 9th of this year, one of many tasks facing the nation's nascent leaders is the conservation of its stunning wildlife. In 2007, following two decades of brutal civil war, the Wildlife Conservation Society (WCS) surveyed South Sudan. What they found surprised everyone: 1.3 million white-eared kob, tiang (or topi) antelope and Mongalla gazelle still roamed the plains, making up the world's second largest migration after the Serengeti. The civil war had not, as expected, largely diminished the Sudan's great wildernesses, which are also inhabited by buffalo, giraffe, lion, bongo, chimpanzee, and some 8,000 elephants. However, with new nationhood comes tough decisions and new pressures. Multi-national companies seeking to exploit the nation's vast natural resources are expected to arrive in South Sudan, tempting them with promises of development and economic growth, promises that have proven uneven at best across Africa.
Newest country boasts one of the world's greatest wildlife spectacles, but protection needed
(07/10/2011) At midnight local time on Friday, South Sudan became the world's newest nation. As celebrations continue in the new capital of Juba and congratulations come from every corner of the globe, the Wildlife Conservation Society (WCS) is urging the newborn nation to protect its ecosystems and rich wildlife in order to build a sustainable and forward-looking economy. Home to the world's second largest land migration, South Sudan boasts an abundance of African megafauna that is becoming increasingly rare throughout much of the continent.
Germany backs out of Yasuni deal
(06/13/2011) Germany has backed out of a pledge to commit $50 million a year to Ecuador's Yasuni ITT Initiative, reports Science Insider. The move by Germany potentially upsets an innovative program hailed by environmentalists and scientists alike. This one-of-a-kind initiative would protect a 200,000 hectare bloc in Yasuni National Park from oil drilling in return for a trust fund of $3.6 billion, or about half the market value of the nearly billion barrels of oil lying underneath the area. The plan is meant to mitigate climate change, protect biodiversity, and safeguard the rights of indigenous people.
Environment versus economy: local communities find economic benefits from living next to conservation areas
(06/12/2011) While few would question that conserving a certain percentage of land or water is good for society overall, it has long been believed that protected areas economically impoverish, rather than enrich, communities living adjacent to them. Many communities worldwide have protested against the establishment of conservation areas near them, fearing that less access and increased regulations would imperil their livelihoods. However, a surprising study overturns the common wisdom: showing that, at least in Thailand and Costa Rica, protected areas actually boost local economies and decrease poverty.
Despite setbacks, voluntary carbon markets booming
(06/06/2011) The voluntary carbon market posted a 34 percent gain in 2010, trading a record 131 million tons of carbon dioxide equivalent (MtC02e). While the US accounted for the majority of trading activity, worth $424 million in total, market growth was strongest in developing countries.
REDD should fund efficient stoves, crop yield increases, says study
(05/31/2011) Efforts to reduce greenhouse gas emissions from deforestation and forest degradation (REDD) must incorporate the implementation cost of programs to meet resource demands of local people in order to be successful, argues a new study published in Nature Climate Change.
Prosperity without Growth: Economics for a Finite Planet
(05/23/2011) Prosperity without Growth: Economics for a Finite Planet challenges us to imaging a world where growth and unmitigated consumption do not equal development. In fact, as clearly described throughout, countries with unmitigated consumption are the underdeveloped countries of the 21st Century expanding our global ecological debt at the expense of countries who are more sophisticated in their development practices with similar prosperity levels while incurring less "national" ecological debt.
Nobel laureates: 'we are transgressing planetary boundaries that have kept civilization safe for the past 10,000 years'
(05/23/2011) Last week the 3rd Nobel Laureates Symposium on Global Sustainability concluded with participants—including 17 past Nobel Prize winners and 40 other experts—crafting and signing the Stockholm Memorandum. The document calls for emergency actions to tackle human pressures on the Earth's environment while ensuring a more equitable and just world.
US southern forests face bleak future, but is sprawl or the paper industry to blame?
(05/19/2011) More people, less forests: that's the conclusion of a US Forest Service report for forests in the US South. The report predicts that over the next 50 years, the region will lose 23 million acres (9.3 million hectares) largely due to urban sprawl and growing populations amid other factors. Such a loss, representing a decline of over 10 percent, would strain ecosystem services, such as water resources, while potentially imperiling over 1,000 species. However, Dogwood Alliance, which campaigns for conservation of southern forests criticizes the new report for underplaying the role of clearcutting natural forests for the paper industry in the south.
Has the green energy revolution finally arrived?
(05/17/2011) When historians look back at the fight to combat climate change—not to mention the struggle to overcome our global addiction to fossil fuels—will 2011 be considered a watershed moment? Maybe. In the last couple months, three countries—each in the top ten in terms of GDP—have suddenly made major renewable energy promises. Germany, Japan, and, just today, Britain are giving speeches and producing plans that, if successful, could be the global tipping point needed to move beyond fossil fuels to, one day, a world run entirely on green.
Is Indonesia losing its most valuable assets?
(05/16/2011) Deep in the rainforests of Malaysian Borneo in the late 1980s, researchers made an incredible discovery: the bark of a species of peat swamp tree yielded an extract with potent anti-HIV activity. An anti-HIV drug made from the compound is now nearing clinical trials. It could be worth hundreds of millions of dollars a year and help improve the lives of millions of people. This story is significant for Indonesia because its forests house a similar species. In fact, Indonesia's forests probably contain many other potentially valuable species, although our understanding of these is poor. Given Indonesia's biological richness — Indonesia has the highest number of plant and animal species of any country on the planet — shouldn't policymakers and businesses be giving priority to protecting and understanding rainforests, peatlands, mountains, coral reefs, and mangrove ecosystems, rather than destroying them for commodities?
Violent protests follow approval of massive dam project in Patagonia
(05/16/2011) The wild rivers of Patagonia may soon never be the same. Last week, Chile's Aysén Environmental Review Commission approved the environmental assessment of a five dam proposal on two rivers. The approval, however, is marred in controversy and has set off protests in many cities, including Santiago. Critics say the series of dams will destroy a largely untouched region of Patagonia.
Valuing Ecosystem Services: The Case of Multi-functional Wetlands
(05/16/2011) Valuing Ecosystem Services: The Case of Multi-functional Wetlands provides the clearest guide yet to describing and implementing in a systematic fashion payments for ecosystems services (PES) strategies for wetland protection mechanisms. By focusing initially on frameworks and obstacles to implementation of wetland protection strategies such as property rights, measuring and monitoring, behavior and compensation, cultural barriers and external factors, the authors posit that is possible to effectively value multi-functional wetlands.
Belief and butchery: how lies and organized crime are pushing rhinos to extinction
(05/11/2011) Few animals face as violent, as well organized, and as determined an enemy as the world's rhinos. Across the globe rhinos are being slaughtered in record numbers; on average more than one rhino is killed by poachers everyday. After being shot or drugged, criminals take what they came for: they saw off the animal's horn. Used in Traditional Chinese Medicine, which claims that it has curative properties, rhino horn is worth more than gold and cocaine on the black market. However, science proves all this cash and death is based on a lie. 'There is no medicinal benefit to consuming rhino horn. It has been extensively analyzed in separate studies, by different institutions, and rhino horn was found to contain no medical properties whatsoever,' says Rhishja Larson.
Distressed Place and Faded Grace in North Sulawesi
(05/10/2011) The Nantu Wildlife Reserve is located in northern Sulawesi’s Minehasa Peninsula, in Gorontalo Province. Sulawesi is among the largest of Indonesia’s some seventeen thousand islands. Its shape is bizarre: a sinuous sprawling monkey, with lavish tail, poised to leap the straits of Makassar. Sulawesi lies to the north of Bali and Lombok and to the east of Borneo. Alfred Russell Wallace, the nineteenth century English explorer and natural scientist of broad expertise, spent a lot of time in Sulawesi’s northern peninsula, casting his curiosity and observation with such singular acuity that his mind apprehended “Darwin’s theory of evolution” independently from and possibly before Darwin. His work described the zone of transition between the Asian and Australian zoographic regions and was so accurate and thorough in its logic that today, some one-hundred and fifty years later, the zone is named Wallacea.
Left alive and wild, a single shark worth $1.9 million
(05/02/2011) For the Pacific island nation of Palau, sharks are worth much more alive than dead. A new study by the Australian Institute of Marine Science (AIMS) has found that one reef shark during its full life is worth $1.9 million to Palau in tourism revenue. Sold for consumption the shark is worth around $108. In this case a shark is worth a stunning 17,000 times more alive than dead.
What does Nature give us? A special Earth Day article
(04/22/2011) There is no question that Earth has been a giving planet. Everything humans have needed to survive, and thrive, was provided by the natural world around us: food, water, medicine, materials for shelter, and even natural cycles such as climate and nutrients. Scientists have come to term such gifts 'ecosystem services', however the recognition of such services goes back thousands of years, and perhaps even farther if one accepts the caves paintings at Lascaux as evidence. Yet we have so disconnected ourselves from the natural world that it is easy—and often convenient—to forget that nature remains as giving as ever, even as it vanishes bit-by-bit. The rise of technology and industry may have distanced us superficially from nature, but it has not changed our reliance on the natural world: most of what we use and consume on a daily basis remains the product of multitudes of interactions within nature, and many of those interactions are imperiled. Beyond such physical goods, the natural world provides less tangible, but just as important, gifts in terms of beauty, art, and spirituality.
Scientists urge Papua New Guinea to declare moratorium on massive forest clearing
(04/19/2011) Forests spanning an area larger than Costa Rica—5.6 million hectares (13.8 million acres)—have been handed out by the Papua New Guinea government to foreign corporations, largely for logging. Granted under government agreements known as Special Agricultural and Business Leases (SABLs), the land leases circumvent the nation's strong laws pertaining to communal land ownership. Now, the Association for Tropical Biology and Conservation (ATBC), the world's largest professional society devoted to studying and conserving tropical forests, is urging the Papua New Guinea government to declare a moratorium on SABLs.
From the Serengeti to Lake Natron: is the Tanzanian government aiming to destroy its wildlife and lands?
(04/14/2011) What's happening in Tanzania? This is a question making the rounds in conservation and environmental circles. Why is a nation that has so much invested in its wild lands and wild animals willing to pursue projects that appear destined not only to wreak havoc on the East African nation's world-famous wildlife and ecosystems, but to cripple its economically-important tourism industry? The most well known example is the proposed road bisecting Serengeti National Park, which scientists, conservationists, the UN, and foreign governments alike have condemned. But there are other concerns among conservationists, including the fast-tracking of soda ash mining in East Africa's most important breeding ground for millions of lesser flamingo, and the recent announcement to nullify an application for UNESCO Heritage Status for a portion of Tanzania's Eastern Arc Mountains, a threatened forest rich in species found no-where else. According to President Jakaya Kikwete, Tanzania is simply trying to provide for its poorest citizens (such as communities near the Serengeti and the Eastern Arc Mountains) while pursuing western-style industrial development.
Election cycle linked to deforestation rate in Indonesia
(04/14/2011) Increased fragmentation of political jurisdictions and the election cycle contribute to Indonesia's high deforestation rate according to analysis published by researchers at the London School of Economics (LSE), the Massachusetts Institute of Technology (MIT), and South Dakota State University (SDSU). The research confirms the observation that Indonesian politicians in forest-rich districts seem repay their election debts by granting forest concessions.
Indonesia can meet low carbon goals without sacrificing economic growth, says UK report
(04/14/2011) Indonesia can meet its low carbon development goals without sacrificing economic growth, reports an assessment commissioned by the British government.
Vanishing mangroves are carbon sequestration powerhouses
(04/05/2011) Mangroves may be the world's most carbon rich forests, according to a new study in Nature Geoscience. Measuring the carbon stored in 25 mangrove forests in the Indo-Pacific region, researchers found that mangroves forests stored up to four times as much carbon as other tropical forests, including rainforests. "Mangroves have long been known as extremely productive ecosystems that cycle carbon quickly, but until now there had been no estimate of how much carbon resides in these systems. That's essential information because when land-use change occurs, much of that standing carbon stock can be released to the atmosphere," explains co-author Daniel Donato, a postdoctoral research ecologist at the Pacific Southwest Research Station in Hilo, Hawaii.
Bats worth billions
(04/03/2011) US agriculture stands to lose billions in free ecosystem services from the often-feared and rarely respected humble bat. According to a recent study in Science bats in North America provide the US agricultural industry at least $3.7 billion and up to a staggering $53 billion a year by eating mounds of potentially pesky insects. Yet these bats, and their economic services, are under threat by a perplexing disease known as white-nose syndrome (WNS) and to a lesser extent wind turbines.
Sustainability takes only cents
(03/30/2011) Real economic global results from decoupling economic growth from unsustainable natural resource management and inefficient industrial processes are the central themes of Cents and Sustainability. Implementing wealth creation strategies at the local, national, and international level is the primary economic theme, or modus operandi, of the 21st Century, as opposed to 20th Century wealth appropriation strategies. This begets the question do concrete auditable examples of wealth creation while sustainably managing natural resources at the national level exist?
Clean energy investments rise 630% in 7 years
(03/29/2011) According to a report by the US Pew Environment Group global clean energy investments, which do not include nuclear power, jumped 630% since 2004. The report detailing 2010 clean energy investments found that China remains the global leader in clean energy, while the US fell from 2nd to 3rd. This is the second year in a row that the US fell: in 2009 it lost first place to China. In all $243 billion were invested in clean energy in 2010.
New land snail invading Singapore requires swift action
(03/28/2011) An African land snail Limicolaria flammea has been discovered by researchers in six locations in Singapore, perhaps heralding a new invasion of alien land snails in Southeast Asia. Although snails may seem largely innocuous creatures, past invasions have resulted in agricultural and economic damage. The global invasion of the giant African land snail (Achatina fulica) has been called one of the world's top 100 worst alien species. Writing in mongabay.com's open access journal Tropical Conservation Science, researchers examine the issue and provide suggestions as to how Singapore authorities can quickly rid the nation of Limicolaria flammea.
Environmental sustainability—the new economic bottom line
(03/28/2011) That’s the message in Accounting for Sustainability: Practical Insights. The book represents the compilation of a five-year project—nicknamed “A4S”—sponsored by Prince Charles, Prince of Wales, that examined the feasibility of factoring industries’ impact on the environment into their economic spread sheets. Using case studies and interviews with leaders at major accounting firms, Accounting For Sustainability documents the bond between capitalism and environmental capital.
5 million hectares of Papua New Guinea forests handed to foreign corporations
(03/23/2011) During a meeting in March 2011 twenty-six experts—from biologists to social scientists to NGO staff—crafted a statement calling on the Papua New Guinea government to stop granting Special Agricultural and Business Leases. According to the group, these leases, or SABLs as they are know, circumvent Papua New Guinea's strong community land rights laws and imperil some of the world's most intact rainforests. To date 5.6 million hectares (13.8 million acres) of forest have been leased under SABLs, an area larger than all of Costa Rica. "Papua New Guinea is among the most biologically and culturally diverse nations on Earth. [The country's] remarkable diversity of cultural groups rely intimately on their traditional lands and forests in order to meet their needs for farming plots, forest goods, wild game, traditional and religious sites, and many other goods and services," reads the statement, dubbed the Cairns Declaration. However, according to the declaration all of this is threatened by the Papua New Guinea government using SABLs to grant large sections of land without going through the proper channels.
Report: corruption in Sarawak led to widespread deforestation, violations of indigenous rights
(03/10/2011) At the end of this month it will be 30 years since Abdul Taib Mahmud came to power in the Malaysian state of Sarawak. Environmentalists are using the occasion, along with new revelations, to highlight corruption and nepotism they say have characterized his regime. Chief Minister Taib and his decades-long administration are no strangers to such allegations, but a new report from the indigenous-rights group Bruno Manser Fund (BMF)—amid criticism from independent media sources, such as Sarawak Report and Radio Free Sarawak—are adding fuel to the fire. Most recently, the report describes in great detail how the tropical timber trade in Sarawak has undercut indigenous groups while toppling some of the world's greatest rainforests, all at the expense of the Sarawak people.
Food prices hit new record high—again
(03/03/2011) Food prices in February hit a new record, breaking the previous one set in January and continuing an eight-month streak of rising prices, according to the Food and Agriculture Organization (FAO). Experts fear that rising food prices could lead to another food crisis similar to that of 2007-2008.
2% GDP could turn global economy green
(02/21/2011) Investing around $1.3 trillion, which represents about 2% of the world's gross domestic product (GDP), into ten sectors could move the world economy from fossil-fuel dependent toward a low carbon economy, according to report by the UN Environment Program (UNEP). In addition, the investments would alleviate global poverty and keep stagnating economies humming, while cutting humanity's global ecological footprint nearly in half by 2050 even in the face of rising populations.
Coal's true cost in the US: up to half a trillion
(02/20/2011) According to the global market coal is cheap, yet a new study in the Annals of the New York Academy of Sciences finds that the hidden costs of coal are expensive, very expensive. Estimating the hidden costs of coal, such as health and environmental impacts, the study found that burning coal costs the US up to $523 billion a year. Dubbed 'externalities' by economists, the paper argues that these costs are paid by the American public to the tune of $1,698 per person every year.
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