Articles by David Fogarty

Global Investors Call for Action on Serious Climate Danger

A coalition of the world’s largest investors called on governments on Tuesday to ramp up action on climate change and boost clean-energy investment or risk trillions of dollars in investments and disruption to economies. In an open letter, the alliance …

El Nino Seen Having ‘Modest Impact’ on Australia

An emerging El Nino weather pattern is likely to have only a modest impact on crops and mining in Australia and could benefit sugar cane growers in Queensland, a senior forecaster said. Drier conditions have already settled in over much …

Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned

Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world’s costliest disasters hit Thailand, with executives fearing an even worse event may strike the region. Some firms …

Study Suggests China’s CO2 Emissions Could be Greater than Thought

China’s carbon emissions could be nearly 20 percent higher than previously thought, a new analysis of official Chinese data showed on Sunday, suggesting the pace of global climate change could be even faster than currently predicted. China has already overtaken …

U.N. Sounds Environment Alarm Ahead of Rio Summit

Population growth, urbanization and consumption are set to inflict irreversible damage on the planet, the United Nations said on Wednesday, and called for urgent agreement on new environmental targets at an Earth summit this month. The U.N. Environment Program sounded …

Plan Now for Climate-related Disasters Warns U.N. Report

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 …

Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade

Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz said. Calculating the true cost …

UPDATE: U.N. Climate Change Agenda Agreed, Roadmap Set for 2011

Rich and poor nations overcame deep divisions on Friday to cut a deal that maps out U.N. climate negotiations for 2011, building on last December’s agreement in Mexico and hardening the focus on tougher issues. The deal in Bangkok came …

Ghost of Cancun Haunts Bangkok Climate Talks

The deep divisions apparently bridged by last December’s climate deal in Cancun opened anew this week at U.N. talks in Bangkok, undermining the chance of any agreement on the shape of a broader pact by year’s end. The April 3-8 …

Arguments over Agenda Stall U.N. Climate Talks

U.N. climate talks remained deadlocked on Wednesday over a debate on the agenda for negotiations, with developing countries pushing hard for a greater focus on the fate of the Kyoto Protocol. The April 3-8 talks in the Thai capital are …