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Tue, 2008-06-17 12:12Bill Miller
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Solutions: New trading funds highlight expanding role of wind in global warming struggle

Two new Exchange Traded Funds, filed within days of each other with the U.S. Securities and Exchange Commission, will focus on companies that provide products and services to the wind-energy industry, such as turbine makers and utilities with wind farms.

Wind energy reduces carbon dioxide emissions and cuts natural gas and water use. Of particular interest to investors, wind power is unaffected by price swings in natural gas, coal and uranium — all of which soared this year.

The new filings reflect the deepening role of wind in the battle against climate change.

Sun, 2008-04-20 12:48Bill Miller
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Nature throws one-two punch at global warming

Reducing greenhouse emissions won’t be enough to stop global warming.

Three respected climate experts made the troubling argument in Nature that changing light bulbs, carbon taxes and cap-and-trade systems will have little impact because warming is already greater than anticipated and set to go much higher.

So much so, in fact, that we’re going to have to find new technology to bail us out.

Thu, 2008-04-10 09:47Bill Miller
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World Bank group loans India $450 million for massive coal-power project

A press release says funding the huge Tata Power project will help to expand electricity use across five states in western and northern India. This is in keeping with the “higher energy use” sought under “the development goals of the Bank Group and our client countries.”

While the release did say the bank group will try “to balance these energy needs with concerns about climate change,” it also cautioned that “fossil fuels are likely to remain a key contributor to the world’s electricity needs.”

Uh-oh!

Tue, 2008-03-25 16:13Bill Miller
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Global warming threatens millions in teeming South Asia, study finds

About 125 million people could be made homeless by rising sea levels due to a projected four-to-five degrees Celsius increase in global temperature this century.

Research released by Greenpeace said Bangladesh, Pakistan and India have almost 130 million people living in the coastal zone most vulnerable to sea-level rise, erosion and drought.

The study comes at a time of rapid growth throughout South Asia, not only in energy consumption but also population. Not surprisingly, nobody is suggesting cutbacks on either front.

Mon, 2008-02-04 14:02Bill Miller
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Bush fiddles with global warming in State of the Union finale

It’s tempting, but most certainly optimistic, to view President Bush’s 2008 State of the Union as his last gasp at blocking progress on global warming. He will, after all, be gone from office before the year is out and it’s tempting to think he hasn’t sufficient time to further damage efforts to reign in climate change.

But there’s no time to lose. And continued obstructionism by the Bush Administration doesn’t just highlight its continuing failure to grasp the urgency of the problem, it also ensures far greater difficulties for its successors, who will have to arrest the problem at home while pressing other major polluters like China and India to act.

Mon, 2008-01-14 12:56Bill Miller
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It’s already later than we realize in the struggle to arrest climate change

A recent essay says the most pressing current scientific and political challenge is to avoid what is known as “dangerous” global warming – the point where world temperatures become irreversible.

As there’s a 25-to-30-year lag between greenhouse emissions and the full impact of their warming, current climate chaos is a result of carbon spewed in the late 1970s. The hit from more recent discharges – including China’s coal plants – is but pain yet to come.

So we’re dangerously close already.

Tue, 2008-01-08 09:58Bill Miller
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China’s economic juggernaut wreaks social and environmental havoc in smaller nations

Having sped past the U.S. as the world's leading emitter of greenhouse gases, China has become a despoiler on a scale as monumental as its economic expansion, plundering smaller nations to fuel its own rising tide of consumption.

A New York Times article just after the UN climate-change conference in Indonesia identified China as the pivotal determinant on global warming. Now, the left-leaning Mother Jones magazine has drawn a scathing portrait of a nation that not only leads the world in coal consumption, but also uses more than the next three highest-ranked nations – the U.S., Russia and India – combined, with ominous implications for the planet.

China says that as a poor nation of 1.3-billion people, it is entitled to pollute and spew greenhouse emissions to alleviate poverty. But with its middle class projected to leap from less than 100 million to 700 million by 2020, and with sales of Porsches, Ferraris and Maseratis flourishing in Beijing, that argument is rapidly losing its edge.

Mon, 2007-12-17 18:21Bill Miller
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China-U.S. rift casts long shadow after Bali

As dust settles from the recent UN climate-change conference in Indonesia, some observers are looking to China as the looming pivotal factor in the global-warming struggle.

The world’s most populous nation, now also neck-and-neck with the U.S. as its biggest greenhouse polluter, was the subject of a recent news article under the banner “As China goes, so goes global warming.”

The best the Bali delegates could achieve was two more years of talks on setting emission curbs, but with China building new coal-burning plants at the rate of one a week, in what states of peril will the planet be two years hence?

Thu, 2007-12-13 11:53Bill Miller
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China, U.S. intransigence over climate policy hijacks Bali talks

A face off between the world’s largest greenhouse-gas spewers has taken center stage at the UN Climate Change Conference in Bali, and China appears to be winning its public-relations battle with the U.S.

China has reiterated it will not consider mandatory emissions cuts until the U.S. and other industrialized countries such as Canada embrace a less-extravagant lifestyle. The U.S. is standing pat in its opposition to mandatory limits.

Although both countries have dug in their heels, China, which many believe has already surpassed the U.S. as the world's top emitter of heat-trapping gases, is now seen as playing a constructive role on global warming after years of dodging the issue.

In that scenario, the U.S. is losing friends fast.

Tue, 2007-12-04 13:59Bill Miller
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U.S.- China intransigence imperils climate-change breakthrough in Bali

If members of the 187 nations in Bali, Indonesia, are going to reach explicit agreement on a successor to the Kyoto Protocol, the world’s largest greenhouse-gas spewers are going to have to come on board.

The U.S. and China are responsible for some 40 per cent of global emissions and their commitment is essential to rein in global warming.

Neither has shown willingness to make concessions, however, thus reducing the current round of talks to a political tap-dance.

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