Wednesday 3rd September 2014                 Change text size:

GovernmentZA via flickr

Joseph Stiglitz: capitalism needs reformed political system to thrive again

Nobel winner and leading economist Joseph E. Stiglitz has argued that modern democracies have failed to ensure markets’ competitiveness, thereby causing inequality and wealth gaps, and called for simple measures that could boost new growth and stability. In a column on Project Syndicate Stiglitz commented on the recent book...


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HSBC could be exposed to ‘fine inflation’, warns Neil Woodford

Renowned fund manager Neil Woodford, who left Invesco Perpetual to start Woodford Investment Management earlier this year, has revealed he has sold all of his stock in HSBC due to the bank’s exposure to increasing fines for past wrongdoings. In recent years, banks have faced increasing fines from regulators...


china shanghai by BriYYZ via Flickr

China to pursue national carbon market to cut record emissions

China, the world’s largest polluter, has confirmed plans to set regional caps and launch pilot programs that will establish trading rights linked to carbon emissions, to balance pollution with economic growth. Authorities have chosen seven cities and provinces, including Beijing, Shanghai and Guangdong, to act as pilots for the...


hdptcar via Flickr

Stronger sustainable productivity needed to boost African agriculture, leaders say

Governments, businesses, NGOs and investors have met in Addis Abeba during the African Green Revolution Forum to discuss economic opportunities for the continent’s agricultural sector, as well as poverty and issues related to climate change. The forum hopes to discuss and develop concrete investment plans to achieve a green...


Stefan Lins via Flickr

UNEP highlights ‘blue and green’ economic opportunities for small island states

Amid the third conference on small island developing states (SIDS) in Samoa, the UN Environment Programme (UNEP) has released key suggestions for countries to build a resilient blue and green economy and reconnect with their traditions and nature. The report is part of UNEP’s Global Environment Outlook (GEO) series...


C European Union 2012 via Flickr

Fracking: 38% of shale gas resources at risk from water shortages

Development of the shale gas sector could be compromised by critical water shortages in key areas, according to new a report by the World Resource Institute (WRI) that warns almost 40% of shale gas sites are in arid or water-stressed regions. The Global Shale Gas Development: Water Availability &...


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Boris Johnson: Heathrow third runway plans ‘barbaric’ and ‘short-sighted’

London mayor Boris Johnson has blasted plans to build a third runway at Heathrow, labelling the proposals “barbaric” and “short-sighted”. This follows Heathrow’s chief executive John Holland-Kaye’s request for Johnson to support the expansion. Those supporting the plan claim the UK needs to improve its air capacity in order...


stu_spivack  via flickr

World must cut meat consumption to prevent climate change and food insecurity

Researchers have estimated greenhouse gas emissions from the food sector could rise by 80% by 2050, as the world increasingly adopts meat-based diets that are putting resources and food security at risk. A new study by the universities of Cambridge and Aberdeen has warned that the global population must...


Co-op - Howard Lake via Flickr

Co-operative members agree to radical shakeup in order to rebuild business

Four-fifths of Co-operative Group members have voted in favour of radical changes to the struggling business, including plans to shrink the company board to include three elected members. Chair Ursula Lidbetter hailed the overwhelming show of support for the reforms as a “defining moment” during the special meeting which...


World Bank - 401(k)2013 via Flickr

2.5 million PPI claims reopened following FCA inquiry

High street banks in the UK have been forced to reopen 2.5 million PPI mis-selling complaints after the Financial Conduct Authority (FCA) found affected customers had been underpaid or had their cases unfairly rejected. The FCA is looking at cases particularly from 2012 and 2013, after numerous investigations concluded...


Solar farm consultation closes - Michael Mees via Flickr

Solar panel makers set for record sales in 2014

A record number of solar panels will be shipped by solar manufacturers this year, with an expected 52% increase in sales from 2013. Quarterly profit reports from major solar distributors like Trina Solar Ltd, First Solar Inc and JinkoSolar Holding CO from across the globe have confirmed the industry’s...


Photo: Arun Ravindran via Flickr

Green office experiment shows advantages of energy efficient buildings

Multinational IT corporation Infosys has shown how energy efficient buildings do not have to cost the earth, with an experiment in its Indian office that demonstrates the benefits of switching to energy saving systems. Rohan Parikh, head of infrastructure and green initiatives at Infosys, led the way with an...


stock exchange by insider_monkey via flickr

RBS SE100 announce two new awards for social enterprise schemes

The RBS SE100, a market intelligence tool for social ventures in partnership with Royal Bank of Scotland (RBS), has announced two new awards this year, both intended to reward those who contribute specifically to social development and change. The two awards consist of ‘The Storyteller Award,’ designed to encourage...


Photo: Tina Rothery

Court rules in favour of Cuadrilla in anti-fracking protest dispute

Manchester High Court Judge, David Hodge QC has imposed an interim injunction against a group of anti-fracking protestors in Lancashire after a court battle with gas firm Cuadrilla. Cuadrilla took up legal proceedings alongside ten local farmers earlier this week, claiming protestors were trespassing and affecting business for landowners....


Photo: WorldIslandInfo.com via Flickr

Activists to be chosen to speak at UN climate summit

Today more than 500 members of the public will hear whether they have been chosen to attend the UN Climate Summit in September. Environmental activists from 115 countries put forward their names to be considered to address issues of climate change to world leaders at the summit. The competition...


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