Once dismissed by Wall Street as a feel-good fad, “sustainable and responsible investing” has gained momentum, today attracting nearly one in every nine dollars under professional management in the United States.
Greenland ice melting at an expanding pace may begin cooling the North Atlantic and increasing the severity of storms by 2075, said James Hansen, the former NASA scientist who raised concerns about global warming in the 1980s.
The European Union should scrap fossil fuel and renewable energy subsidies and set a target to cut oil imports to remain the leader in the fight against global warming, according to Poland’s environment minister.
This week’s decision by the Arctic Council, led by the eight nations with Arctic territory, to accept China, India, Japan and three other countries as new observers points to the region’s growing importance. It’s also a sharp reminder of the need for the U.S., the council’s biggest player, to do more to prevent a destabilizing Great Game from unfolding at the top of the world.
Bloomberg BNA -- Washington, D.C., New York City, Los Angeles, and San Diego are among the cities most likely to face water scarcity as climate change increases drought potential, a study released May 15 found.
Factories, utilities and airlines snapped up a flood of carbon offsets from Ukraine and Russia to comply with European Union emission targets in 2012 amid speculation the credits would face usage restrictions.