OSLO (Reuters) – Everyone in Norway became a theoretical crown millionaire on Wednesday in a milestone for the world’s biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices.
Set up in 1990, the fund owns around 1 percent of the world’s stocks, as well as bonds and real estate from London to Boston, making the Nordic nation an exception when others are struggling under a mountain of debts.
WARSAW (Reuters) – Almost 200 nations kept a plan to reach a new U.N. climate pact in 2015 alive on Saturday when rich and poor countries reached a compromise on sharing out the efforts needed to slow global warming.
A two-week negotiation in Warsaw had been due to end on Friday, but was blocked over a timetable for the first U.N. climate accord that would set greenhouse gas emissions requirements for all nations. The pact is due to be agreed in 2015 and come into force after 2020.
WARSAW, Nov 23 (Reuters) – Almost 200 nations kept a plan to
reach a new U.N. climate pact in 2015 alive on Saturday when
rich and poor countries reached a compromise on sharing out the
efforts needed to slow global warming.
A two-week negotiation in Warsaw had been due to end on
Friday, but was blocked over a timetable for the first U.N.
climate accord that would set greenhouse gas emissions
requirements for all nations. The pact is due to be agreed in
2015 and come into force after 2020.
WARSAW (Reuters) – Almost 200 nations were deadlocked on Saturday over how to step up aid to ease the impact of global warming on developing nations as part of the foundations of an elusive U.N. climate accord due in 2015.
The Warsaw meeting, which had been due to end on Friday but extended into Saturday morning, had little to show after two weeks except for a deal on new rules to protect tropical forests, which soak up carbon dioxide as they grow.
PETERSBURG, Russia (Reuters) – U.N. Secretary-General Ban Ki-moon appealed to Russia on Thursday to show leniency towards 30 people arrested during a Greenpeace protest against Arctic oil drilling, saying environmentalists played an important role in society.
Russian President Vladimir Putin said the activists had acted wrongly and endangered lives. But seven have now been released on bail after two months in custody and most of the others have been granted bail.
WARSAW, Nov 20 (Reuters) – Polish Environment Minister
Marcin Korolec lost his job on Wednesday in a government
reshuffle, which may undermine his leadership while Warsaw hosts
U.N. climate talks involving almost 200 countries.
Korolec assumed the presidency of the U.N. Framework
Convention on Climate Change on Nov. 11, the first day of the
two-week conference that aims to make progress on a global
climate deal to be agreed by 2015.
WARSAW (Reuters) – Poland’s Prime Minister Donald Tusk dismissed Environment Minister Marcin Korolec on Wednesday as part of a government reshuffle, but said the latter would continue to represent the country in ongoing U.N. climate talks.
Korolec will be replaced by Maciej Grabowski, former deputy finance minister responsible for preparing shale gas taxation.
WARSAW (Reuters) – People around the world are feeling the “wrath of a warming planet”, U.N. Secretary-General Ban Ki-moon said on Tuesday, urging almost 200 governments to take tougher action to reach a deal in 2015 on fighting global warming.
Ban told environment ministers at climate talks in Warsaw they had a steep climb ahead to agree to cut rising greenhouse gas emissions that scientists say fuel more extreme weather.
WARSAW, Nov 19 (Reuters) – The lack of progress at United
Nations talks to agree a deal to tackle global warming is
calling into question the insistence of many environmental
groups that low-carbon nuclear power can never be the answer.
Japan dismayed many at the 195-nation conference last week
by saying it would fail to reach its greenhouse gas emissions
targets for 2020 after the 2011 Fukushima disaster because it is
replacing nuclear power with the fossil fuels gas and oil.
WARSAW, Nov 18 (Reuters) – The U.N. climate chief urged a
radical clean-up of the coal industry on Monday to help limit
global warming, at an industry meeting in Warsaw condemned by
environmentalists as a distraction from the nearby U.N. climate
Christiana Figueres, head of the U.N.’s Climate Change
Secretariat, told the coal summit that the industry had to
change “rapidly and dramatically” to limit high pollution and
carbon emissions, including in heavily coal-dependent Poland.