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Sun04192015

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Emission reducing tax policies in the U.S. having little effect

Current federal tax provisions in the United States might not be having as great an effect in bringing down greenhouse gas emissions as many might have hoped. A new report from the National Research Council found that several existing tax subsidies have unexpected effects, while others yield little reduction in greenhouse gas emissions per dollar of revenue loss. The report, “Effects of U.S. Tax Policy on...

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Public Development Banks can help tackle climate change

According to a study released by the Inter-American Development Bank, Public Development Banks in Latin America and the Caribbean can take a stronger role in tackling climate change. The study, titled “Public Development Banks: Toward a New Paradigm?” reveals that the banks in the region provide over $700 billion in loans yearly – a figure which translates to the banks’ capability to expand into areas such as climate...

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U.N. General Assembly to tackle ocean acidification

The United Nations General Assembly will be discussing the increasing acidificiation of the world’s oceans and its impacts on people and the marine environment. The informal Consultative Process on oceans, which will run from June 17 to June 20, will be the forum for countries around the world to discuss the challenges posed by the acidification of the ocean due to the increased carbon emissions. “If we are to...

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China fights air pollution through new measures

China’s State Council adopts stringent measures to fight the country’s severe air pollution problem. Because of the strong presence of smog and air pollution, the State Council of China has adopted 10 measures that aim to clean the air around the country’s urban sector and industrial sector. “These measures can have their effects in the short term,” said the Vice President of the Chinese Research Academy of...

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U.N. initiative launches new phase targeting poverty and environment

United Nation’s Poverty-Environment Initiative launched the first phase of its operations to reduce poverty while promoting sustainable use of natural resources and a healthy environment in its Member States. The second part of the operation, “Phase 1: Mainstreaming Poverty-Environment Linkages into Policy Processes,” helps its Member States by linking poverty-environment issues to priority policy interests. The...

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Climate Justice: Easing the unjust cause and effect of global warming

Climate change is a phenomenon that most people may not take seriously, but it is a significant peril to the global sustainable development and the fight against poverty. Science suggests that global warming is caused by human activities, particularly the industrialization of the world’s richest countries. Major impacts are being observed and felt over the past years, and it is the poor...

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Caribbean conservation and renewable energy initiatives get $64 million fund

Fifteen Caribbean governments and 17 corporations have made a $64 million funding commitment to help preserve the marine and coastal environment of the Caribbean. This will be used for projects aimed at accelerating the region’s efforts to transition to renewable energy. The commitment was the result of a high-level dialogue organized by The Nature Conservancy, with support from Virgin Unite, the non-profit entrepreneurial...

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Hong Kong to reduce waste by 40 percent in 2022

Hong Kong has launched an inclusive 10-year waste plan that aims to address the waste crisis in the region. As one of the most densely populated areas in the world, Hong Kong is faced with an imminent waste management problem. It generates around 6.4 million tons of waste annually and by 2015, existing landfills are expected to be full, according to the Environment, Transport and Works Bureau. To this end, the “Hong Kong...

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Rainforest protection needed for hydropower production - study

Meeting Brazil’s energy demand doesn’t just require investments in energy projects – specifically in hydropower – but also efforts to conserve the Amazon’s forest cover. Hydropower is currently considered the most reliable and feasible way to generate power for Brazil using non-coal resources. Over 45 new plants are planned in Brazil alone, with one project, the Belo Monte dam expected to...

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U.S. tops green tax index

The United States is the leading country in terms of using tax as a tool to promote sustainable corporate activity and achieve green policy goals, according to the first-of-its-kind KPMG Green Tax Index. Green tax - which could be in the form of grants, subsidies and loan - is imposed on goods and services that produce environmental pollutants. This excise tax is intended to offset the negative impacts caused...

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