Sérgio Abranches
Economic damage costs related to extreme climate events to date in the US exceed $35 Billion, says the National Oceanographic and Atmospheric Administration – NOAA. These costs are likely to affect both the domestic and the global economies already facing a serious crisis. More »
Sérgio Abranches
Large photovoltaic projects will cost half the current price in a couple of years, says a report by Bloomberg New Energy Finance. As the cost of generating electricity from the sun rivals coal-fueled plants, solar panel installations may grow strongly in the next two years, industry executives and analysts told Bloomberg News. More »
Sergio Abranches
For the third consecutive year Brazilian sugarcane harvests will be affected by adverse climatic factors. The latest estimates from the producers’ association, UNICA, is that it will be 8.4% smaller for the season 2011-2012. Over the last three years demand for sugar has been very strong and prices even higher than ethanol’s. As a result, producers have been calibrating their production mix to yield more sugar than alcohol. More »
Sergio Abranches
Among the many reasons for concern about the near future of the global economy, markets are looking at food price inflation in China as a factor that might increase the likelihood of a world recession. More »
Major climate talks in South Africa at year-end will be unlikely to strike agreement on a new pact, but will be important in determining the shape of long-term efforts to tackle climate change, a senior U.N. climate official said on Tuesday. More »
