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News articles on economics
Mongabay.com news articles on economics in blog format. Updated regularly.
CITES chooses 'commerce' over sharks, leaving endangered species vulnerable
(03/23/2010) Only the porbeagle shark received protection today from the Convention on International Trade in Endangered Species (CITES). Seven other shark species failed to win international protection despite plummeting populations due to overfishing. Once again, Japan led the opposition to regulating the trade in white-tipped sharks and scalloped hammerheads, including two look-alike species: the great hammerhead and the smooth hammerhead. Japan has dominated the CITES meeting, successfully leading resistance to banning the trade in the Critically Endangered Atlantic bluefin tuna and against monitoring the coral trade.
El Niño in Venezuela: Hugo Chávez’s "Katrina" Moment?
(03/22/2010) Venezuelan President Hugo Chávez has been in power for more than ten years, during which time he has deflected numerous electoral challenges, a recall effort, a coup d’etat and even an oil lock out. A politically adroit statesman, he has demonstrated enormous staying power throughout all these political crises. Yet, Chávez’s luck may have finally run out: a devastating El Niño-linked drought has recently ravaged Venezuela and the government has been forced to undertake conservation measures for water and electricity. Hardly amused, some are holding Chávez responsible for the energy crunch and the drought could exact a heavy toll on the Venezuelan president in September’s legislative elections.
Analysis shows Borneo can say 'no' to coal power
(03/17/2010) Plans for a coal power plant in the Malaysian state of Sabah in northern Borneo have run into stiff opposition. Environmentalists say the coal plant could damage extensive coral reef systems, pollute water supplies, open rainforests to mining, and contribute to global climate change, undercutting Sabah's image as a 'green' destination. The federal government contends that the coal plant is necessary to fix Sabah's energy problems. However, a recent energy audit by the Renewable and Appropriate Energy Laboratory (RAEL) at the University of California Berkeley shows that pollution-intensive coal doesn't have to be in Sabah's future.
Sharks lose out at UN meeting
(03/17/2010) An effort to bolster conservation measures for plummeting shark populations was defeated yesterday at the Convention on International Trade in Endangered Species (CITES), according to the AP. The nonbinding measure would have increased transparency in the shark trade and produced research on illegal fishing for sharks.
Environmental groups call on Delmas to cancel shipment of illegally logged wood from Madagascar
(03/15/2010) Pressure is building on the French shipping company Delmas to cancel large shipments of rosewood, which was illegally logged in Madagascar during the nation's recent coup. Today two environmental groups, Global Witness and the Environmental Investigation Agency (EIA) called on Delmas to cancel the shipment, which is currently being loaded onto the Delmas operated ship named 'Kiara' in the Madagascar port of Vohemar.
Thousands of tons of illegal timber in Madagascar readied for export
(03/13/2010) As the President of France, Nicholas Sarkozy, argues in Paris that more funding is needed to stop deforestation and mitigate climate change, a shipment of illegal rosewood is being readied for export in Madagascar by a French company with the tacit approval of the French government.
Sharks swim safe around the Maldives
(03/11/2010) Sharks that dwell in the Maldives can breathe a sigh of relief: the island nation has declared 90,000 square kilometers of the Indian Ocean a safe-haven for sharks, banning shark fishing as well as any trade in shark fins.
Secrets of the Amazon: giant anacondas and floating forests, an interview with Paul Rosolie
(03/10/2010) At twenty-two Paul Rosolie has seen more adventure than many of us will in our lifetime. First visiting the Amazon at eighteen, Rosolie has explored strange jungle ecosystems, caught anaconda and black caiman bare-handed, joined indigenous hunting expeditions, led volunteer expeditions, and hand-raised a baby giant anteater. "Rainforests were my childhood obsession," Rosolie told Mongabay.com. "For as long as I can remember, going to the Amazon had been my dream […] In those first ten minutes [of visiting], cowering under the bellowing calls of howler monkeys, I saw trails of leaf cutter ants under impossibly large, vine-tangled trees; a flock of scarlet macaws crossed the sky like a brilliant flying rainbow. I saw a place where nature was in its full; it is the most amazing place on earth."
Flower farms may be killing Kenya's Lake Naivasha
(03/10/2010) Heavily polluted and shrinking, Lake Naivasha is in dire trouble. Environmentalists say the cause is clear: flower farms. Some 60 flower farms line the entire lakeside, growing cut flowers for export largely to the EU. While the flowers industry is Kenya's largest horticultural export (405.5 million last year) it may have also produced an environmental nightmare.
Consumption habits cause rich countries to outsource emissions
(03/08/2010) Over a third of the greenhouse gas emissions related to the consumption of goods in wealthy nations actually occur in developing countries, according to a new analysis by researchers with the Carnegie Institution. Annually, each person if the United States outsources 2.5 tons of carbon due to consumption habits, most frequently in China. In Europe the figure of 'outsourced' emissions rises to 4 tons per person.
How that cork in your wine bottle helps forests and biodiversity, an interview with Patrick Spencer
(03/01/2010) Next time you’re in the supermarket looking to buy a nice bottle of wine: think cork. Although it’s not widely known, the cork industry is helping to sustain one of the world’s most biodiverse forests, including a number of endangered species such as the Iberian lynx and the Barbary deer. Spreading across 6.6 million acres in southern Europe (France, Spain, Portugal, and Italy) and northern Africa (Algeria, Morocco, and Tunisia) oak cork trees Quercus suber are actually preserved and protected by the industry.
Profit of biggest companies would be cut by a third if forced to pay for environmental damage from operations
(02/19/2010) Profits of the world's 3,000 largest companies would be cut by $2.2 trillion per year if they were forced to pay for environmental damage from their operations, according to an upcoming U.N. report detailed by The Guardian. The study, conducted by Trucost, a consultancy, and scheduled to be released this summer, estimates that pollution and degradation of natural resources by the world's 3,000 largest companies amount to six to seven percent of total revenue, or roughly one-third of profits.
Consumers fail at identifying green companies
(02/17/2010) An article today in New Scientist shows that American consumers have a difficult time correctly identifying green companies, often confusing 'greenwashing' for true green credentials or not bestowing enough credit where credit is truly due. By combining data from Earthsense, which polled 30,000 Americans about on their views of 'green' companies, and Trucost which assesses companies global environmental impact, New Scientist was able to discover just how confused American consumers are when it comes to identifying 'green'.
How free trade has devastated Africa's farmers and poor
(02/15/2010) A push in the mid-1980s for Africa to embrace free trade to aid its economies backfired in many of the continent's poorest countries, argues a new study in the Proceedings of the National Academy of Sciences (PNAS). Africa was pushed to rollback government involvement in development and instead to rely on the private sector: government services shrunk, cash crops were pushed over staples, while tariffs and subsides were abolished. The insistence on free trade was meant to spur economic growth, but instead undercut traditional agricultural systems that had worked for centuries, eventually leading to a food crisis, which left millions hungry, caused multiple food riots, and destabilized governments.
Church of England drops mining company Vedanta due to indigenous rights concerns
(02/07/2010) The Church of England has dropped is 3.8 million pound stake (5.9 million US dollars) in controversial mining company, Vedanta Resources, citing concern over the company's human rights record. The Indian company has come under considerable criticism for its plan to build a bauxite mine on Niyamgiri Mountain, threatening the mountain, forests, and the local tribe Dongria Kondh tribe.
Could special bonds fund the green revolution and stabilize the climate?
(02/02/2010) There is no question that governments around the world are moving slowly and sluggishly to combat climate change, especially when placed against the measures recommended by climate scientists. Only a handful of nations have actually cut overall greenhouse gas emissions, and the past couple decades have seen emissions rise rapidly worldwide as nations like India and China industrialize while Brazil and Indonesia continue massive deforestation. Global temperatures are rising in concert (though with natural fluctuations): the past decade is the warmest on record. After the failure of Copenhagen this past December to produce an ambitious and binding treaty, many are wondering if the world will ever address the threat of climate change or if future generations are set to live in a world far different—and more volatile—than the one we currently enjoy.
China leaves US (and Europe) in the dust on renewable energy
(02/01/2010) This year China has become the world's largest manufacturer of solar panels and wind turbines, doubling its wind capacity since 2005. The economically booming nation—and the world's most populous—has also invested heavily in nuclear power and the world's most efficient coal plants, according to the New York Times.
Will it be possible to feed nine billion people sustainably?
(01/28/2010) Sometime around 2050 researchers estimate that the global population will level-out at nine billion people, adding over two billion more people to the planet. Since, one billion of the world's population (more than one in seven) are currently going hungry—the largest number in all of history—scientists are struggling with how, not only to feed those who are hungry today, but also the additional two billion that will soon grace our planet. In a new paper in Science researchers make recommendations on how the world may one day feed nine billion people—sustainably.
New report: world must change model of economic growth to avert environmental disaster
(01/25/2010) For decades industrialized nations have measured their success by the size of their annual GDP (Gross Domestic Product), i.e. economic growth. The current economic model calls for unending growth—as well as ever-rising consumerism—just to remain stable. However, a new report by the New Economics Foundation (nef) states that if countries continue down a path of unending growth, the world will be unable to tackle climate change and other environmental issues.
Indonesia plans to sell endangered tigers as pets to the wealthy
(01/21/2010) Indonesia has a new plan to save the Critically Endangered Sumatran tiger, reports the AFP: sell captive-born tigers as pets. The proposed price is 100,000 US dollars for a pair of Sumatran tigers with the money going to conservation efforts, though it was unclear who would manage these funds.
Conservation organization, Durrell Wildlife Trust, forced to cut staff due to economic downturn
(01/19/2010) The Durrell Wildlife Trust—which turned fifty last year—has announced that it will be cutting back 10 percent of its workforce, approximately 12-14 positions, due to an ongoing deficit caused by the economic recession.
Photos: park in Ecuador likely contains world’s highest biodiversity, but threatened by oil
(01/19/2010) In the midst of a seesaw political battle to save Yasuni National Park from oil developers, scientists have announced that this park in Ecuador houses more species than anywhere else in South America—and maybe the world. "Yasuní is at the center of a small zone where South America's amphibians, birds, mammals, and vascular plants all reach maximum diversity," Dr. Clinton Jenkins of the University of Maryland said in a press release. "We dubbed this area the 'quadruple richness center.'"
Dams a 'monument of corruption': Baru Bian, new leader of Sarawak's People's Justice Party
(01/12/2010) In an interview with the Bruno Manser Fond, the new leader of the Malaysian state Sarawak's People's Justice Party (PKR), Baru Bian, spoke out against the state government's plans for mega-dams in the middle of the rainforest, as well as continued rainforest destruction and corruption.
Saving biodiversity 'on the same scale' as climate change: German Chancellor
(01/11/2010) In a kick-off event for the UN's Year of Biodiversity, German Chancellor Angela Merkel, compared the importance of saving biodiversity to stopping climate change.
Guyana to increase oversight of gold mining under deal to save forests with Norway
(12/21/2009) As apart of a deal with Norway to preserve its rainforests, Guyana will step up oversight of its gold mining industry, which has been accused of causing significant environmental damage including deforestation and mercury and cyanide pollution.
Bolivia's President blames capitalism for global warming
(12/18/2009) The President of Bolivia, Evo Morales, clearly frustrated with the progression of talks at the Climate Change Conference in Copenhagen, today blamed capitalism for global warming.
US moves talks forward in Copenhagen with pledge of 100 billion fund, now it's China's turn
(12/17/2009) Secretary of State Hillary Clinton brought some much need good news to Copenhagen with her. In an announcement this morning, Clinton announced that the United States was ready to join other industrialized nations in mobilizing 100 billion dollars a year in climate aid for developing and vulnerable nations by 2020 at the Climate Change conference.
Is the US sinking climate change talks at Copenhagen?
(12/16/2009) While it's difficult to know what's truly going on inside the Bella Center at the UN Climate Change Conference in Copenhagen, a pattern seems to be emerging of the United States being unwilling to compromise on, well, anything.
Pope Benedict: environmental crisis requires review of world's economic model
(12/15/2009) Pope Benedict XVI has released a message linking world peace with preserving the environment for the World Day of Peace, which will be held on January 1st 2010. In it Benedict calls for a "long-term review" of the world's current economic model, including "[moving] beyond a purely consumerist mentality" and encouraging a more "sober lifestyle".
New poll: 70 percent of Americans agree that global warming is occurring
(12/11/2009) A new poll, taken in the midst of the scandal involving hacked emails from climate change scientists, shows that a significant majority (70 percent) of Americans agree with climatologists that the earth is warming.
REDD may miss up to 80 percent of land use change emissions
(12/11/2009) The political definition of 'forest' used in REDD (Reduce Emissions from Deforestation and forest Degradation) threatens to undermine the program's objective to conserve ecosystems for their ability to sequester carbon, according to a new analysis by the Alternatives to Slash and Burn (ASB) Partnership for Tropical Forest Margins. In an analysis of three Indonesian provinces using REDD proposals for carbon accounting, ASB found that REDD may miss up to 80 percent of the actual emissions due to land use change. The carbon accounting problems could be fixed, according to ASB, by expanding REDD's purpose from reducing emissions linked to deforestation (considering the problematic definition of forests) to reducing emission from all land use changes that either release or capture greenhouse gases, including but not limited to forests.
US think-tank: islands affected by global warming should wait for trickle-down money
(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.
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