Islands that are most vulnerable to rising oceans are seeking an insurance program to protect against damage related to climate change, adding to pressure on industrial nations to increase aid committed to fight global warming to more than $100 billion a year.
Sekavin SA, a Greek fuel supplier, said it’s investigating the origin of a cargo aboard an Iranian tanker off the Mediterranean island of Syros amid a European Union ban on purchases from the Middle East nation.
When Tuvalu, a string of atolls in the Pacific Ocean with a population of 11,000, received fresh water from a Russian-backed breakaway region of Georgia last month, the emergency shipment had strings attached.
Climate delegates in Durban negotiating ways to protect forests as a means of storing carbon have snagged on disagreements over private financing after the Pacific island of Tuvalu balked at the use of market mechanisms.
Russia established diplomatic ties with Tuvalu, a Pacific island nation that became at least the fifth country to recognize Georgia’s two breakaway regions, Russia’s Foreign Ministry said on its website today.
Secretary of State Hillary Clinton journeyed to a palm-fringed South Seas island to underscore U.S. commitment to Pacific security and development, while downplaying tensions with China over its increasingly assertive sea and resource claims.
The Obama administration sanctioned the National Iranian Tanker Co. and four alleged front companies for Iran’s oil trade, the latest salvo in a U.S.-led campaign to curtail Iran’s petroleum sales until it abandons illicit aspects of its disputed nuclear program.