SINGAPORE, April 27 (Reuters) – Major Asian buyers led by
China are set to approve genetically modified corn within the
next three to five years to give yields a boost as growing
demand for meat drives greater consumption of the staple, the
world’s top agrochemicals company said.
Changing diets and greater wealth are pushing up demand for
corn, a key source of animal feed, in Asia. But local yields are
not enough to meet demand, triggering imports and inflation.
SINGAPORE, April 27 (Reuters) – After years of wrenching
debate, a carbon tax on Australian industry starts in July, but
instead of bringing much-needed investment certainty, the scheme
is delivering the opposite.
Much of Australian’s power sector is struggling to access
cheap, long-term financing on worries over the future of the
carbon tax scheme, which is meant to provide a long-term price
signal to encourage industries to cut their emissions.
SINGAPORE (Reuters) – Scientists have detected a clear change in salinity of the world’s oceans and have found that the cycle that drives rainfall and evaporation has intensified more than thought because of global warming.
The finding published on Friday helps refine estimates of how different parts of the globe will be affected by increased rainfall or more intense droughts as the planet heats up, affecting crops, water supplies and flood defenses.
SINGAPORE, April 17 (Reuters) – An Australian firm has
frozen development of a controversial A$1.2 billion ($1.23
billion) brown coal-gas hybrid power plant after a ruling by a
tribunal effectively delayed construction, putting the future of
the project in doubt.
Energy technology firm HRL, one of a number of companies
trying to develop clean-coal power plants, said it had frozen
design and pre-construction work on a proposed 600-megawatt
plant in the southern state of Victoria.
SINGAPORE (Reuters) – The powerful undersea earthquake off the Indonesian island of Sumatra this week was a once in 2,000 years event, and although it resulted in only a few deaths, it increases the risks of a killer quake in the region, a leading seismologist said.
Wednesday’s 8.6 magnitude quake and a powerful aftershock were “strike-slip” quakes and the largest of that type recorded, Kerry Sieh, director of the Earth Observatory of Singapore, told Reuters.
(Reuters) – A future on Earth of more extreme weather and rising seas will require better planning for natural disasters to save lives and limit deepening economic losses, the United Nations said on Wednesday in a major report on the effects of climate change.
The U.N. climate panel said all nations will be vulnerable to the expected increase in heat waves, more intense rains and floods and a probable rise in the intensity of droughts.
SINGAPORE, March 14 (Reuters) – Australia, one of the
world’s top mining and agricultural nations, faces a quickening
pace of climate change, according to a snapshot of the nation’s
weather, forcing farmers to alter cropping strategies and miners
to cope with more intense floods.
The government report released on Wednesday confirms the
changing trends in rainfall and warmer temperatures across
Australia, to which farmers are adapting by growing new crop
varieties and adjusting planting times.
SINGAPORE (Reuters) – The head of the World Bank said on Saturday it is right for the United States to take a leading role in some global institutions and that the right U.S. candidate for post of the bank’s next president would be good for the United States and the bank.
In an interview in Singapore, Robert Zoellick also said he did not believe Spain, Italy or Portugal needed bailouts to ease massive debt burdens but that reforms needed critical support of Germany and other European leading nations.
SINGAPORE, Feb 24 (Reuters) – The World Bank announced
on Friday a global alliance to better manage and protect the
world’s oceans, which are under threat from over-fishing,
pollution and climate change.
Oceans are the lifeblood of the planet and the global
economy, World Bank President Robert Zoellick told a conference
on ocean conservation in Singapore. Yet the seas have become
overexploited, coastlines badly degraded and reefs under threat
from pollution and rising temperatures.
SINGAPORE, Feb 23 (Reuters) – Finding Nemo is about to
get a lot easier with the launch of a scientific survey that
will allow anyone with access to the internet to take a virtual
tour of Australia’s Great Barrier Reef.
The survey, which will use a variety of high-tech underwater
cameras, will carry out one of the most intensive studies of the
reef up to a depth of 100 metres (330 feet), with the public
watching every step via Youtube and other Google sites.