World Bank should shift carbon focus off hydro – report
The World Bank Group has been urged to curtail buying carbon credits from hydropower projects, shifting the emphasis of its carbon finance activities to areas where it can have more influence.
The U.S. Government is proud to announce the release of the United States' strategy to reduce emissions from deforestation and forest degradation and increase carbon sequestration by forests in developing countries. This is commonly referred to as REDD+.
American conglomerate, General Electric (GE), has chosen Brazil as the location for its fifth key research and development centre, in a deal that will see the company invest $500 million in the nation.
The decision was made to locate the centre in Brazil as the company emphasizes its push on expanding its global operations - particularly in South America. Ferdinando Becalli-Falco, president of GE International, said Latin America's largest economy presented it with a number of financial benefits.
FIRE HAS BEEN A MAJOR INFLUENCE on the development and management of many of the world's forests. Some forest ecosystems have evolved in response to frequent fires from natural as well as human causes, but most others are negatively affected by wildfire.
Alberta had a good year in its fight against the mountain pine beetles (Dendroctonus ponderosae Hopkins), thanks to both the weather and to the province’s containment efforts.
Ruukki Group to pull out of pulp mill and sawmill project in Russia
Ruukki Group, a Finland-based company that focuses on wood-based industrial business operations, has scrapped its plans to build a large pulp mill and sawmill in the Kostroma Oblast in Russia. reports Helsingin Sanomat..The company did not accept the contract changes requested by the Kostroma authorities and decided to pull out of the project.
Ruukki is accusing the Kostroma local administration of contract violations and plans to seek damages in a local court of first instance.
