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Inaction on Energy, Climate Change Risks Global Chaos
2014-05-16 23:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Forbes: The crisis in Ukraine has provided the West with a stark reminder of an inconvenient fact: Many of Europes liberal democracies are heavily dependent on Russia for their energy supplies. The latest move by Vladimir Putin in his campaign to destabilize the fragile elected government of Ukraine came this week, as he announced that supplies of natural gas to the country would be cut off at the end of May unless Ukraine pays for them in advance. Ukraine owes Russian gas giant Gazprom $3.5 billion,...
Tags: change
global
energy
risks
Climate change has found another way to screw the poor
2014-05-16 22:08:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: Standard & Poor`s (S&P) Ratings Services has found yet another way that fossil fuel burning by rich countries is going to screw over poor ones - by making it harder for them to borrow money. S&P analysts identified climate change as one of two "global mega-trends" that will shape countries` economic risks in the years to come (aging populations is the other trend). In a new report, the analysts said climate change would hurt nations` creditworthiness, with poor countries the worst affected. The...
Climate change will hit nations' creditworthiness -S&P
2014-05-16 20:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Global warming will pressure sovereign credit ratings throughout this century with poorer, lower-rated countries hardest hit, Standard & Poor's (S&P) Ratings Services said in a report. S&P said climate change will be the 21st Centurys second global mega-trend, after aging populations, to put downward pressure on sovereign ratings, which could harm economic growth and government coffers. The report said extreme weather events such as typhoon Haiyan, which killed more than 5,000 people in the...
Tags: change
hit
nations
climate
S&P: Vulnerability to Climate Change Will Impact a Nation's Credit
2014-05-16 18:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Nature World: How vulnerable a nation is to climate change will severely influence its international credit score, the Standard & Poor's (S&P) Rating Service reports. The S&P says that how well a sovereign state can endure the effects of climate change can directly impact that nation's creditworthiness, Reuters reported. Aging population and climate change have both been rated as factors that can hugely influence a nation's economy in the approaching years, the S&P reports, and climate change in particular...
Tags: change
credit
impact
nations
Can the Climate Change Debate Be De-Politicized?
2014-05-16 17:26:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Fred Krupp, president at Environmental Defense Fund, discusses the fight to prevent climate change, actions taken by the Obama Administration and the political battle in Washington over the effects of greenhouse gasses. He speaks on Bloomberg Televisions Market Makers.
Tags: change
debate
climate
climate change
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