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Shift from fossil fuels risks popping 'carbon bubble': World Bank
2015-10-10 15:52:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: The transition from fossil fuels must be carefully managed to avoid an economically disastrous bursting of the "carbon bubble," the World Bank's top climate official said on Saturday. Decades of reliance on oil, gas and coal have made them central to the global economy, and polluting industries risk a potentially catastrophic crash as the world shifts to alternative energies, said Rachel Kyte, the Bank's special envoy for climate change. "If we accept that we need to have less carbon in our...
World Bank pledges extra $29bn to poorer nations for climate change fight
2015-10-10 07:34:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The World Bank has pledged to boost by up to $29bn the financial assistance pledged to poorer nations to cope with climate change, bringing closer the possibility of reaching a target of $100bn a year by 2020. Jim Yong Kim, the president of the World Bank Group, said it could boost funding by a third, from 21% to 28%, in response to client demand. He spoke at a meeting of the World Bank and the IMF in Lima, Peru. As we move closer to Paris countries have identified trillions of dollars of climate-related...
Global Markets-Commodity surge lifts world equities; dollar falls
2015-10-10 04:28:34| IT Services - Topix.net
Stocks on major world markets posted their biggest weekly advance since 2011 on Friday, as greater investor appetite for riskier assets propelled gains in equities and a surge in commodities and crude oil prices. Declines in the dollar, a bullish oil forecast as well as miner Glencore's pledge Friday to slash world zinc output have lifted beaten-down commodities.
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U.N. Upholds Human Rights, World Bank Dismisses Them
2015-10-09 23:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: The United Nations has always remained one of the most vociferous and passionate advocates of human rights - exemplified in the creation in 2006 of a 47-member Human Rights Council in Geneva to uphold its mandate. World Bank President Jim Yong Kim. Credit: OECD But, in its own political yard, a member of its extended family, namely the World Bank, is apparently working at cross-purposes. Philip Alston, the U.N. Special Rapporteur on Extreme Poverty and Human Rights, has lambasted the World...
Analysts' Weekly Ratings Changes for Wolverine World Wide
2015-10-09 22:58:38| Footwear - Topix.net
They now have a "neutral" rating on the stock. 9/23/2015 - Wolverine World Wide was upgraded by analysts at Citigroup Inc. from a "sell" rating to a "neutral" rating.
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