Monday, September 07, 2009

Maldives to introduce green tax on tourists | Reuters
MALE, Sept 7 (Reuters) - The Maldives archipelago, threatened by rising sea levels blamed on climate change, said on Monday it would introduce a new environment tax on all tourists who use its resorts and provide its economic lifeline.
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He said the Maldives had little leverage in the outcome of the Copenhagen talks, which are to create a successor to the Kyoto Protocol, but a huge stake.

"There is no point in Maldives entering the agreement. It is a small country. It is India, China, Brazil, the United States that have to join in," [President Mohammed Nasheed] said. "No one is going to come out as a winner without an agreement."
Business Daily - East Africa taps into carbon [swindle]
He said the net benefit of carbon emission trade using mangrove forests is close to $3,000 per hectare yearly, which is more than income generated from the sale of the wood products.
Canada failure shows expectations unrealistic at climate summit: think-tank
PARIS -- Canada’s failure to meet its Kyoto commitment to cut greenhouse gas emissions is being used as ammunition by a major U.S. think-tank to argue in favour of reducing expectations at the Copenhagen climate-change summit this December.
Russell Investments Appoints Climate Change Capital To Manage Fund | CleanTechBrief
Shaun Mays, chief executive officer at CCC, said in a statement: “Climate Change Capital is well positioned globally as an investment firm to benefit from the significant investment opportunities that exist in climate change. Russell has a highly-regarded research and due diligence process, and we are pleased to be selected as the manager for one of their specialist, thematic funds.”

CCC currently administers assets worth $1.5 billion, of which carbon trading accounts for about $1 billion.

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