Environment Ministers from the G8 have agreed to study the world economic impact of species being driven to extinction by global warming. The ministers have agreed to conduct the review along the lines of last year’s report by economist Sir Nicholas Stern.
Industrial and developing countries have joined forces to call for stringent limits on HCFC-22 , the world’s most popular refrigerant for air-conditioners, amid mounting evidence it depletes the ozone layer and contributes to global warming.
Agreement is expected this week on a program that could lead to substantial growth in the ethanol industry in Brazil as technology and manufacturing equipment developed there is exported to other countries in the region. The deal has already drawn fire, however, over the threat of expanding Brazilian output at the expense of American corn growers.