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News articles on economics
Mongabay.com news articles on economics in blog format. Updated regularly.
(12/09/2009) Poor island nations threatened by rising seas should wait for money through trickle-down economics, according to the founder of the US Competitive Enterprise Institute. The Washington-based free-market think tank believes that curbing greenhouse gas emissions to combat climate change will be too costly to the US and global economies.
Gore, Moon, and Rasmussen attempt to regain trust after 'Danish Text' leak in Copenhagen
(12/09/2009) The head of the UN, Ban-Ki Moon; the Danish Prime Minister, Lars Lokke Rasmussen; and American climate change leader, Al Gore, all attempted to downplay the leak of the 'Danish Text' which has riled developing countries due to portions of its content, such as allowing a climate fund to be controlled by the World Bank, seemingly overturning the Kyoto principle whereby developed countries are held responsible for climate change, and setting higher emission per capita standards for industrialized countries over developing countries even in forty years time.
Bangladesh tops list of most vulnerable countries to climate change
(12/09/2009) According to the Global Climate Risk Index, Bangladesh is the most vulnerable nation to extreme weather events, which many scientists say are being exacerbated by climate change. From 1990 to 2008, Bangladesh has lost 8,241 lives on average every year due to natural disasters. In addition, rising sea levels also threaten millions of Bangladeshis.
Leaked document in Copenhagen seen as sidelining poor countries
(12/08/2009) A document leaked late in the day at Copenhagen has threatened to further divide developing nations from wealthy countries during the conference in Denmark. The document, labeled as the 'Danish-text', is seen by many as sidelining poor countries by handing over climate financing to the World Bank, requiring developing countries to cut total emissions, and in forty years time still allowing wealthy countries to emit more than developing per capita.
Profile of the carbon footprint of the global poor: the challenge of alleviating poverty and fighting global warming
(12/07/2009) Two of the world's most serious issues—poverty and climate change—are interconnected. With a rise in one's income there usually comes a rise in one's carbon footprint, thereby threatening the environment. Wealthy nations have the highest per capita carbon footprints, while developing nations like India and China—which are experiencing unprecedented economic growth—are becoming massive contributors of greenhouse gases. However, it is those who have the smallest carbon footprint—the world's poor—who currently suffer most from climate change. Food crises, water shortages, extreme weather, and rising sea levels have all hit the poor the hardest.
Has Canada become the new climate villain (yes, that's right, Canada)?
(12/02/2009) In 2007 American delegates to a climate summit in Bali were booed outright for obstructing a global agreement on climate change. Then in a David versus Goliath moment they were famously scolded by a negotiator from Papua New Guinea, Kevin Conrad. "If for some reason you are not willing to lead, leave it to the rest of us. Please get out of the way," Conrad told the American delegates. However, much has changed in two years: the United States, under a new administration, is no longer the climate change pariah. The US has recently announced emissions cuts, negotiated successfully with China on the issue, and will be attending—Obama included—the Climate Change Summit in Copenhagen next week. Obama and his team probably don't need to worry about being booed or remonstrated this time around, but that role may instead go to Canada.
Brazil to push for 10% limit on REDD carbon offsets
(12/02/2009) Brazil will propose limiting the amount of carbon an industrialized country can offset via a proposed forest conservation initiative to ten percent of their emissions, reports Bloomberg.
Face-to-face with what may be the last of the world's smallest rhino, the Bornean rhinoceros
(12/01/2009) Nothing can really prepare a person for coming face-to-face with what may be the last of a species. I had known for a week that I would be fortunate enough to meet Tam. I'd heard stories of his gentle demeanor, discussed his current situation with experts, and read everything I could find about this surprising individual. But still, walking up to the pen where Tam stood contentedly pulling leaves from the hands of a local ranger, hearing him snort and whistle, watching as he rattled the bars with his blunted horn, I felt like I was walking into a place I wasn't meant to be. As though I was treading on his, Tam's space: entering into a cool deep forest where mud wallows and shadows still linger. This was Tam's world; or at least it should be.
World requires radical new economic models to fight poverty and mitigate global warming
(11/30/2009) A new report calls for a radical re-envisioning of current economic models in order to tackle poverty, mitigate and adapt to climate change, and solve other environmental problems. The report was crafted by the New Economics Foundation (NEF) and the International Institute for Environment and Development (IIED) and was supported by The Working Group on Climate Change and Development, which includes a wide variety of well-known groups, including environmental, religious, and anti-poverty organizations.
Guyana expedition finds biodiversity trove in area slated for oil and gas development, an interview with Robert Pickles
(11/29/2009) An expedition deep into Guyana's rainforest interior to find the endangered giant river otter—and collect their scat for genetic analysis—uncovered much more than even this endangered charismatic species. "Visiting the Rewa Head felt like we were walking in the footsteps of Wallace and Bates, seeing South America with its natural density of wild animals as it would have appeared 150 years ago," expedition member Robert Pickles said to Mongabay.com.
In midst of poaching crisis, illegal rhino horn tops gold
(11/25/2009) Rhino poaching has hit a fifteen-year high, and the rising price for black-market rhino horn is likely the reason why. For the first time in a decade rhino horn is worth more than gold: a kilo of rhino horn is worth approximately 60,000 US dollars while gold is a little over 40,600 US dollars.
Deforestation emissions should be shared between producer and consumer, argues study
(11/19/2009) Under the Kyoto Protocol the nation that produces carbon emission takes responsibility for them, but what about when the country is producing carbon-intensive goods for consumer demand beyond its borders? For example while China is now the world's highest carbon emitter, 50 percent of its growth over the last year was due to producing goods for wealthy countries like the EU and the United States which have, in a sense, outsourced their manufacturing emissions to China. A new study in Environmental Research Letters presents a possible model for making certain that both producer and consumer share responsibility for emissions in an area so far neglected by studies of this kind: deforestation and land-use change.
Oil palm workers still below poverty line, despite Minister's statements
(11/19/2009) On October 19th, Plantation Industries and Commodities Minister Tan Sri Bernard Dompok told parliament that oil palm harvesters and rubber tappers are living above Malaysia's national poverty line, according to a story in the Malaysian Insider. But now representatives of the workers are saying Dompok lied.
Record year for CO2 emissions, even with economic slowdown
(11/17/2009) 8.7 billion tons of carbon dioxide was emitted into the earth's atmosphere in 2008, a growth of 2 percent despite the economic crisis. This averages out to each person contributing a record high of 1.3 tons of carbon, according to a report in the journal Nature Science. While the global recession slowed the growth of fossil fuel emissions for the first time this decade, it did not lower emissions altogether.
ICCAT fails to protect critically endangered tuna—again
(11/15/2009) The International Commissions for the Conservation of Atlantic Tuna (ICCAT) ignored the advice of its scientists to end fishing of the Atlantic bluefin tuna. Instead ICAAT set a quota of 13,500 tons of fish. This is not the first time ICCAT has flouted its own researchers' advice: it has repeatedly set quotas well-above its researchers' recommendations.
Countries that invest in conservation will see higher financial returns, argues report
(11/13/2009) A new report issued by the The Economics of Ecosystems and Biodiversity (TEEB) initiative makes a strong case for valuing the planet's ecosystem services. The report calls for investments in "ecological infrastructure" to protect wildlands and the services they provide; market-based valuation of ecosystem services; reductions in environmentally harmful subsidies; recognition of the link between environmental degradation and poverty; and a strong climate deal that includes forest carbon.
UN singles out US as the most important nation for global warming negotiations
(11/11/2009) Visiting Washington DC, Secretary-General Ban Ki-Moon stated that the United States was the world's most important actor when it comes to negotiations for a new climate change treaty, while urging the Senate to move forward on legislation.
Costa Rica proposes to downgrade Las Baulas National Park, threatening leatherback sea turtles
(11/11/2009) Costa Rica is considered by many to be a shining example of environmental stewardship, preserving both its terrestrial and marine biodiversity while benefiting from being a popular tourist location. However, a new move by the Costa Rican government has placed their reputation in question. In May of this year the President of Costa Rica, Oscar Arias, presented a law to the legislature that would downgrade Las Baulas from a National Park to a 'mixed property wildlife refuge'. The downgrading would authorize a number of development projects that conservationists say would threaten the park's starring resident: the leatherback turtle.
Fossil fuel subsidies "bringing us closer to irreversible climate change"
(11/06/2009) The Green Economy Coalition is urging G20 finance ministers to rapidly put an end to fossil fuel subsidies. In a letter to the ministers the coalition argues that these subsidies are contributing directly to climate change and making it difficult for the world to transition to a greener economy.
Governments, public failing to save world's species
(11/04/2009) According to the International Union for the Conservation of Nature's (IUCN) 2008 report, released yesterday, 36 percent of the total species evaluated by the organization are threatened with extinction. If one adds the species classified as Near Threatened, the percentage jumps to 44 percent—nearly half.
Atlantic bluefin tuna should be banned internationally: ICCAT scientists
(10/29/2009) Scientists with the International Commission for the Conservation of Atlantic Tuna (ICCAT) have said in a new report that a global ban on Atlantic bluefin tuna fishing is justified. ICCAT meets in November to decide if they will follow their scientist's recommendations.
Illegal logging trade from Myanmar to China slows, but doesn't stop
(10/28/2009) The illegal wood trade from Myanmar to China has slowed, but it still threatens Myanmar's tropical forests and species, according to a new report by Global Witness. From 2005 and 2008 improved border controls into China led to a drop in imports of logs and sawn wood by 70 percent.
Will Ecuador's plan to raise money for not drilling oil in the Amazon succeed?
(10/27/2009) Ecuador's Yasuni National Park is full of wealth: it is one of the richest places on earth in terms of biodiversity; it is home to the indigenous Waorani people, as well as several uncontacted tribes; and the park's forest and soil provides a massive carbon sink. However, Yasuni National Park also sits on wealth of a different kind: one billion barrels of oil remain locked under the pristine rainforest.
200 million more people going hungry
(10/26/2009) The war on hunger is becoming a rout—and we're losing. The UN World Food Program (WFP) announced today that during the last two years 200 million more people are going hungry.
"Money is not a problem," palm oil CEO tells conservationists during speech defending the industry
(10/26/2009) Earlier this month at a colloquium to implement wildlife corridors for orangutans in the Malaysian state of Sabah, Dr. Yusof Basiron, the CEO of Malaysian Palm Oil Council (MPOC), told conservationists and primate experts that the palm oil industry was ready to fund reforestation efforts in the corridors. "We can raise the money to replant [the corridors] and keep contributing as a subsidy in the replanting process of this corridor for connecting forests," Basiron said in response to a question on how the palm oil industry will contribute. "Money is not a problem. The commitment is already there, the pressure is already very strong for this to be done, so it's just trying to get the thing into motion."
New reserve created in Cambodia with REDD in mind
(10/26/2009) Cambodia's Royal Government's Council of Ministers has declared the creation of the Seima Protection Forest, a 1,100 square miles (2,849 square kilometers) park home to tigers, elephants, and endangered primates. The park's creation was developed in part by the Wildlife Conservation Society's (WCS) "Carbon for Conservation" program, which intends to protect high-biodiversity ecosystems while raising funds through carbon sequestration schemes such as Reducing Emission from Deforestation and Degradation (REDD).
Kenya's pain, part two: decades of wildlife decline exacerbated by drought
(10/20/2009) Not many years ago if you were planning a trip to Africa to see wildlife, Kenya would be near the top of the list, if not number one. Then violent riots in late 2007 and early 2008 leaving a thousand dead tarnished the country's image abroad. When calm and stability returned, Kenya was again open for tourism, and it's true that most travelers were quick to forget: articles earlier this year announced that even with the global economic crisis Kenya was expecting tourism growth. However, a new disaster may not be so quickly overcome.
Uganda to open its doors to big game hunters
(10/15/2009) Uganda, which suffered a 90 percent decline in large mammals during the 70s and 80s, has now lifted a decades-long ban on big game hunting, reports the AFP.
Business and conservation groups team up to conserve and better manage US's southern forests
(10/15/2009) A new project entitled Carbon Canopy brings together multiple stakeholders—from big business to conservation organizations to private landowners—in order to protect and better manage the United State's southern forests. The program intends to employ the emerging US forest carbon market to pay private forest owners for conservation and restoration efforts while making certain that all forest-use practices subscribes to the standards of the Forest Stewardship Council (FSC).
Palm oil industry pledges wildlife corridors to save orangutans
(10/03/2009) In an unlikely—and perhaps tenuous—alliance, conservationists and the palm oil industry met this week to draw up plans to save Asia's last great ape, the orangutan. As if to underscore the colloquium's importance, delegates on arriving in the Malaysian State of Sabah found the capital covered in a thick and strange fog caused by the burning of rainforests and peat lands in neighboring Kalimantan. After two days of intensive meetings the colloquium adopted a resolution which included the acquisition of land for creating wildlife buffer zones of at least 100 meters along all major rivers, in addition to corridors for connecting forests. Researchers said such corridors were essential if orangutans were to have a future in Sabah.
Could agroforestry solve the biodiversity crisis and address poverty?, an interview with Shonil Bhagwat
(09/24/2009) With the world facing a variety of crises: climate change, food shortages, extreme poverty, and biodiversity loss, researchers are looking at ways to address more than one issue at once by revolutionizing sectors of society. One of the ideas is a transformation of agricultural practices from intensive chemical-dependent crops to mixing agriculture and forest, while relying on organic methods. The latter is known as agroforestry or land sharing—balancing the crop yields with biodiversity. Shonil Bhagwat, Director of MSc in Biodiversity, Conservation and Management at the School of Geography and the Environment, Oxford, believes this philosophy could help the world tackle some of its biggest problems.
US subsidies of oil and coal more than double the subsidies of renewable energy
(09/21/2009) During the fiscal years of 2002-2008 the United States handed out subsidies to fossil fuel industries to a tune of 72 billion dollars, while renewable energy subsidies, during the same period, reached 29 billion dollars.
Alleviating poverty and saving biodiversity are inherently linked argue scientists
(09/17/2009) Twenty-nine scientists argue in Science today that the world will not be able to lift up the world's poor unless it also addresses global biodiversity loss. They say that the same underlying problems—exploitation of resources, unsustainable overconsumption, climate change, population growth—are exacerbating global poverty and the extinction of species.
Innovative reforestation project threatened by 'regime change' in Madagascar, an interview with Rainer Dolch
(09/16/2009) In Madagascar the TAMS Program (Tetik'asa Mampody Savoka, meaning "the project to bring back the forest") is under threat due to the new government's unwillingness to provide funding. The current government, after gaining power in a coup this year, has frozen all funds slated for the project and has yet to sign a carbon credit agreement with the World Bank which would bring much needed funding. "It remains to be seen if the recognition or not of Madagascar's transitional Government will lead to signing the contract with the World Bank in the near future. This is of course essential for the continuity of the project and its future," Rainer Dolch told Monagaby.com in an interview.
France announces carbon tax
(09/10/2009) The President of France, Nicolas Sarkozy, has announced that he will implement a carbon tax to help "save the human race" from global warming.
Concerns over deforestation may drive new approach to cattle ranching in the Amazon
(09/08/2009) While you're browsing the mall for running shoes, the Amazon rainforest is probably the farthest thing from your mind. Perhaps it shouldn't be. The globalization of commodity supply chains has created links between consumer products and distant ecosystems like the Amazon. Shoes sold in downtown Manhattan may have been assembled in Vietnam using leather supplied from a Brazilian processor that subcontracted to a rancher in the Amazon. But while demand for these products is currently driving environmental degradation, this connection may also hold the key to slowing the destruction of Earth's largest rainforest.
Investing in conservation could save global economy trillions of dollars annually
(09/03/2009) By investing billions in conserving natural areas now, governments could save trillions every year in ecosystem services, such as natural carbon sinks to fight climate change, according to a European report The Economics of Ecosystems and Biodiversity (TEEB).
Greenhouse gas emissions drop in the EU for the fourth year in a row
(08/31/2009) In 2008 greenhouse gas emissions in the EU fell 1.3 percent, the European Environment Agency (EEA) said today. This figure measures only the emissions in the 15 EU countries that have commitments to reduce emissions, however when all 27 members of the EU are included, greenhouse gas emissions actually fell further: 1.5 percent.
Cost of climate change adaptation to be 2-3 times higher than current estimates
(08/27/2009) The cost of adapting to climate change will be significantly higher than estimated by the UN Framework Convention on Climate Change (UNFCCC) warns a new report published by the International Institute for Environment and Development and the Grantham Institute for Climate Change at Imperial College London.
The Pope: "creation is under threat"
(08/26/2009) Pope Benedict XVI spoke today on environmental issues, singling out the importance of a September U.N. summit in New York to work on negotiations for an international framework to tackle climate change, preparing for the U.N. Conference on Climate Change in Copenhagen in December.
Environmental disappointments under Obama
(08/24/2009) While the President has been bogged down for the last couple months in an increasingly histrionic health-care debate-which has devolved so far into ridiculousness that one doesn't know whether to laugh or cry-environmental decisions, mostly from the President's appointees have still been coming fast and furious. However, while the administration started out pouring sunshine on the environment (after years of obfuscated drudgery under the Bush administration), they soon began to move away from truly progressive decisions on the environment and into the recognizable territory of playing it safe-and sometimes even stupid.
Biofuel company eyes dead zone in the Gulf of Mexico for creating fish-powered fuel
(08/18/2009) 'Dead zones' in the ocean are called such for a reason. Every year agricultural run-off, especially fertilizer, floods the oceans with an abundance of nutrients leading to algae blooms, i.e. massive explosions of phytoplankton. The demise of these blooms, and the rise of bacteria feeding on them, eventually starves the entire area of oxygen creating a 'dead zone' where the vast majority marine life can't survive. Considered by most to be an environmental catastrophe, a new company is looking at dead zones in a different light: fuel and profit.
Ecological restoration substantially boosts biodiversity and ecosystem services
(07/30/2009) A new analysis reports that ecological restoration generally deliver benefits for both conserving biodiversity and supporting human livelihoods, but does not completely reverse degradation caused by humans.
A Tasmanian tragedy? : How the forestry industry has torn an island apart
(07/02/2009) This is by no means a new battle: in fact, Tasmanian industrial foresters and environmentalists have been fighting over the issue of clearcutting the island’s forests for decades. The battle—some would probably prefer 'war'—is over nothing less than the future of Tasmania. Some Tasmanians see the rich forests that surround them in terms of income, dollars and cents; they see money literally growing on trees, or more appropriately growing on monoculture plantations and government owned native forests. They see the wilderness of Tasmania as an exploitative resource.
Record hunger: one billion people are going hungry worldwide
(06/22/2009) A new estimate by the UN FAO estimates that one billion people are currently going hungry: the highest number in history. Largely exacerbated by the global economic crisis, the number of the world’s hungry has risen by 100 million people.
Amazon deforestation doesn't make communities richer, better educated, or healthier
(06/11/2009) Deforestation generates short-term benefits but fails to increase affluence and quality of life in the long-run, reports a new study based an analysis of forest clearing in 286 municipalities across the Brazilian Amazon. The research, published in Friday's issue of the journal Science, casts doubt on the argument that deforestation is a critical step towards development and suggests that mechanisms to compensate communities for keeping forests standing may be a better approach to improving human welfare, while simultaneously sustaining biodiversity and ecosystem services, in rainforest areas.
Rich countries buy up agricultural land in poor countries
(05/26/2009) Over two-and-half million hectares in the Democratic Republic of the Congo; half a million hectares in Tanzania; and a quarter of a million hectares in Libya: these figures represent just some of the recent international land deals where wealthy countries buy up land in poorer nations for food, and sometimes biofuel, production. The controversial trend has sparked a recent report from the International Food Policy Research Institute (IFPRI) highlighting what nations have to gain—and lose—from participating in such deals.
Global warming estimates double in severity according to new MIT modeling
(05/20/2009) Employing the MIT Integrated Global System Model, scientists have found that global warming could be more than twice as severe as previous estimates six years ago. The MIT Integrated Global Systems Model, which uses computer simulations to analyze the relationship between climatic changes and the global economy, found during 400 runs of the model that there is a 90 percent probability that temperatures will have risen 3.5 to 7.4 degrees Celsius by the end of the century.
Bronx zoo closes exhibits, evicts hundreds of animals following budget crisis
(04/28/2009) Following a budget shortfall of 15 million dollars, the Bronx Zoo has announced that it will be closing several exhibits and sending away hundreds of animals.
Global warming to cripple Southeast Asia economically
(04/28/2009) By the end of the century nations in Southeast Asia will face debilitating economic loss due to global warming, according to a new study from the Asian Development Bank. Analyzing Indonesia, Philippines, Thailand, and Vietnam the study found that they could suffer an annual loss of 6.7 percent ($230 billion dollars) in combined gross domestic product by 2100, more than double the global average which is estimated at a loss of 2.6 percent.
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