Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA). As major importing regions—including …
North Korea unleashed walls of water from one or more of its dams on Sunday, sending a flash flood roaring through the heavily armed border with South Korea and sweeping away six South Koreans, officials in Seoul said. The six South Koreans, who are still missing, include an 8-year-old boy. …
Confronted by a financial and economic shock unmatched in the postwar era, leaders of the Group of 20 have been united in their commitment to take all necessary action to restore global growth. To date, the fiscal, monetary and financial policy response across the G20 countries has been unprecedented
Illegal fishing is depleting the seas and robbing poor nations in Africa and Asia of resources, but a lack of global cooperation is undermining efforts to track rogue vessels, an environmental group said on Tuesday. The Pew Environment Group, a Washington-based think-tank, has found that a United Nations scheme to …
30 agreements to be signed; they violate public interest say activists the seventh round of free trade negotiations between India and EU held at Brussels in mid-July ended in a deadlock after the negotiators disagreed on the modalities of the agreement. Fresh talks will be held in November to thresh …
The United States, Europe, China and South Korea lead global "green" spending plans after committing about $500 billion to boost low-carbon technologies and protect the environment, under wider plans to boost the global economy. Green spend accounts for about 15 percent of total economic stimulus cash of $3 trillion, according …
South Korea, Asia's fourth largest economy, has pledged to set one of three targets for carbon emissions by 2020, voluntarily joining Kyoto signatories in moving toward a firm commitment to roll back climate change. The government said on Tuesday it would choose a 2020 gas emission target this year from …
Hyundai Motor Group, the world's No.5 automaker, said on Wednesday it would invest $3.3 billion in green projects to meet the government's stricter fuel efficiency and emission requirements, joining a recent series of eco-friendly investments by South Korean firms. Hyundai, which includes the country's two largest car makers -- Hyundai …
Samsung Electronics said on Monday that it would invest 5.4 trillion won ($4.30 billion) in green R&D; and facilities to make the world's largest memory chipmaker a leading eco-friendly company by 2013. Of the total, 3.1 trillion won will be spent to develop co-friendly products, and the remainder on energy-saving …
The Group of Eight rich nations and the G5 of emerging economies were among 40 nations and organizations represented at a three-day summit to discuss recession, climate change, trade and food security. Below is a comparison between aims going in to the meeting and the results achieved. EMISSIONS CUTS Leaders …
Rich countries may act on their own to reduce greenhouse gas emissions by developing a carbon market they hope will lure in poor nations even if U.N. climate talks get bogged down, experts said. Nearly 200 countries have been trying to reach an agreement to replace the Kyoto Protocol on …
International cooperation is a cornerstone of efforts to combat climate change. The achievement of global climate change mitigation goals will require significant investment in emissions reduction in developing countries. International cooperation will be essential in providing the needed finance, capacity building, and technology transfer and development. To help advance international …
The global meltdown led to expectations governments would use money to reinvent economies for climate change. The plan was simple: spend obscene amounts of public money in infrastructure and other projects, to stimulate national economies. If this money got spent on all those things which would improve the environmental sustainability …
A blogger was acquitted by a Seoul court on charges of spreading malicious rumours about the South Korean economy that cost the government billions of dollars. Park Dae-sung was released after the court ruled he did not violate telecommunications laws with his popular weblogs, which castigated policymakers and forecast dire …
Seoul: North Korea, defiant in the face of international condemnation of its latest nuclear test, fired two more short-range missiles off its east coast on Tuesday and accused the US of plotting against its government. In a move certain to compound tensions in the region, South Korea said it would …
South Korea is expected to ramp up pressure on the European Union to initial a $100 billion trade pact before the end of June at a summit on Saturday before Seoul turns its attentions to a deal with the United States. The two major trading partners hoped to reach agreement …
RNL Bio, a South Korean biotech company, is venturing into the world of treating human diseases through stem cell therapies, raising the prospects of a new, highly profitable export industry. The company, famous for the commercial cloning of dogs, is developing therapies using adult stem cells to treat degenerative diseases
The top technology university in South Korea has developed a plan to power electric cars through recharging strips embedded in roadways that use a technology to transfer energy found in some electric toothbrushes. The plan, still in the experimental stage, calls for placing power strips about 20 centimeters to 90 …
Bangladesh and Russia might sign a Memorandum of Understanding on Wednesday on installation of a nuclear power plant, officials said on Monday. Prime Minister Shiekh Hasina provisionally approved the draft MoU, officials said last week. A high-powered Russian delegation is expected to arrive in Dhaka on Tuesday to sign the …
