Coral Reef Status Allegedly Points at Future Mass Extinctions - The UN says that the world faces imminent danger - Softpedia

While there still are those who say that global warming is a hoax or an elaborate “plot” for some obscure reason, the reality is that the world is currently facing one of its biggest challenges since the last major extinction, and the United Nations warns that, if something is not done to repair the situation immediately – as in, curb greenhouse gas (GHG) emissions substantially – we might witness the demise of more than a quarter of world species, as well as of the global coral reef populations, within a matter of decades, and not centuries.

Ukraine, Russia will stockpile $89 billion of carbon credits : Ukraine News by UNIAN

Ukraine and Russia plan to stockpile credits to release greenhouse gases jointly valued at $89 billion, saving them for use by their factories, power plants and home heaters under a new global-warming treaty taking effect in 2013, Bloomberg reported.
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Russia and Ukraine have the biggest potential stockpile of credits among the 37 nations with Kyoto emissions limits. That’s because many of their dirtiest industries shut down after communism’s collapse, making it relatively easy to meet greenhouse-gas targets set under Kyoto.

Ukraine to stockpile $26.5 billion of assigned emission credits : Ukraine News by UNIAN

Ukraine will stockpile $26.5 billion of emission credits, saving them for after 2012, to help prevent an oversupply in the current five-year trading phase, according to a government agency, Bloomberg reported.

Ukraine won’t sell more than 1 billion metric tons of its likely 2.5 billion tons of spare so-called assigned amount units for compliance in the five years through 2012, said Taras Bebeshko, director of market development at the National Environmental Investment Agency of Ukraine. “Everyone is concerned about the potential oversupply,” Bebeshko said. “We would like the market to be stronger and more prosperous.”