LE BOURGET, France: After a champagne moment in Paris, where ministers from around the world crafted a pact to fight perilous climate change, comes the hard part.Experts are under no illusion that celebrations and high-flown rhetoric are enough when it comes to rolling back greenhouse-gas emissions. If anything, they say, the divisions that beleaguered the nearly two-week haggle have underscored the political and economic obstacles that now lie ahead.The deal finally struck on Saturday, a day into extra time, enshrines the goal to cap global warming at two degrees Celsius over pre-industrial levels - and at an even more ambitious 1.5C if possible. But the bad news is that humanity may already have used up almost 1C of that allocation, the UN's World Meteorological Organisation warned last month.And the emissions-curbing pledges submitted by 185 countries to give the agreement substance, even if fully honoured, set the stage for a 3C warmer world. The only hope lies in hard-fought … [Read more...] about After Paris: Now what for world climate?
Solar panels information and facts
The APEC has made remarkable progress in the past quarter century. A significant share of goods and services accrue little or no tariffs at all and good work has been done to deal away with barriers to trade and services. Additionally, most sectors are now open to international investment, signalling the remarkable headways made towards economic unity and the creation of a free trade area.Riding on this remarkable momentum, the APEC economies find themselves at a place where they might start looking beyond trade policy and intensify efforts to achieve the far larger objectives set at their first meeting in 1993.These objectives spelled out in the APEC Leaders’ Economic Vision Statement include coordinating policies to tackle emerging global challenges. In fact, a multitude of the current ails of humanity seem to strike the Asia-Pacific particularly hard.Climate change and environmental concerns, connectivity, and joint human resources development are all on the list … [Read more...] about Concerted effort in environmental protectionism
The announcement of the US investor First Solar to halt the construction of the solar panel factory in Cu Chi district of HCM City has triggered a worry that the investor may stop investing in Vietnam or narrow the project scale.The First Solar’s investment project in the Dong Nam Industrial Zone in Cu Chi district of HCM City was once highlighted as a salient achievement of HCM City in attracting foreign direct investment (FDI). However, the investor of the project unexpected has announced the halt of the project, after 10 months of implementation.In the first 10 consecutive months of 2011, HCM City continuously was listed in the top three of the localities in Vietnam which attracted the highest volumes of FDI capital. Earlier this year, HCM City granted the investment license to First Solar Vietnam, whose investment capital alone makes up 50 percent of the total registered FDI capital, at over one billion dollars.Especially, the project is not only believed to play a very … [Read more...] about Multi-billion dollar first solar project halts construction
Korean group proposes BOT road project in Can Tho cityYK Group of the Republic of Korea (RoK) suggested a transport project under the build-operate-transfer (BOT) format in the Mekong Delta city of Can Tho during a working session with municipal authorities on October 31.YK Chairman Jang Sang Kyu said his group is interested in some projects in Can Tho, including the construction of a road linking National Highway 91 with Nam Song Hau road.Proposing two plans for this project, he said under the BOT format, the construction could be funded with the RoK’s capital and toll collection will last for 30 years. In the second plan, Can Tho will be the investor and cover 20-30% of the total cost while the remaining capital could be borrowed from the RoK Government.According to the municipal Department of Transport, the project will have total length of about 30km, including nine intersections and 25 bridges. Total cost for the construction is estimated at VND15.07 trillion (US$714 … [Read more...] about BUSINESS IN BRIEF 4/11