IMF Downgrades Global Growth, Is A New Model Needed?
The International Monetary Fund (IMF) has once again downgraded the outlook for the global economy, cutting projected growth internationally from 3.3% to 3.1%. The primary cause of the downgrade is slower growth in emerging markets, not helped by China’s significant deceleration and subsequent stock market crash. More than six years after the financial crisis, there’s […]
Canada’s Forests: Linking Natural Capital and Productivity
A new research initiative led by Sustainable Prosperity in partnership with the Forests Product Association of Canada, aims to explore links between economic productivity and natural capital. The project’s starting hypothesis is that economic and environmental prosperity are linked, it aims to shed further light on that link, while also aiming to propose good policies […]
World's oceans facing biggest coral die-off in history, scientists warn
A third global bleaching of coral reefs is underway following a massive and persistent underwater heatwave Scientists have confirmed the third-ever global bleaching of coral reefs is under way and warned it could see the biggest coral die-off in history. Since 2014, a massive underwater heatwave, driven by climate change, has caused corals to lose […]
Shark tooth left in victim's foot after attack in Western Australia to be studied
Fisheries department will try to determine what type of shark attacked Eli Zawadzki while he was surfing near Mandurah on Wednesday afternoon The West Australian department of fisheries is examining a tooth pulled from the foot of an 18-year-old man who was bitten by a shark while surfing near Mandurah, 70km south of Perth, to […]
American VW dealers running out of cars to sell as emissions scandal deepens
The company has withdrawn its application for emissions certification for its 2016 diesel models, leaving thousands of vehicles stranded at ports Volkswagen dealers across the United States face not having any new diesel-powered cars to sell as the scandal engulfing Europe’s largest car maker deepens. VW on Wednesday withdrew applications to the Environmental Protection Agency […]
As El Niño gets stronger Australia gets hotter, drier and more ready to burn
Bureau of Meteorology says prospect of drier-than-normal October is about 70% in southern Australia which comes after third-driest September on record El Niño conditions are set to intensify across much of Australia, with extremely dry conditions expected to heighten the risk of drought and bushfires, the Bureau of Meteorology has said. The bureau has updated […]
Australian customers join class action against Volkswagen over emissions scandal
Claims stack up after VW admits more than 90,000 cars in Australia are fitted with devices designed to disguise the amount of emissions produced Australian car owners are threatening to sue Volkswagen after learning that their cars are embroiled in the worldwide emission-rigging scandal. More than a fortnight after the scandal emerged, Volkswagen has admitted […]
Head of VW in US will tell Congress he knew of emissions rigging in early 2014
Michael Horn to testify before congressional committee on Thursday Executive to admit being briefed on ‘defeat device’ in spring 2014 Michael Horn, president and CEO of Volkswagen (VW) Group of America, will confirm he knew of the company’s emission rigging issues as early as spring 2014, according to a statement released ahead of a congressional […]
Coral reefs worth four times as much as UK economy, 'Earth Index' finds
Earth Index is published in the financial sections of newspapers around the world to put nature on the stock exchange, with price for bees, fish and more Coral reefs are worth £6tn a year in services they provide for people – almost four times as much as the UK economy – an assessment of the […]
Solar-panel installer goes into administration, costing 1,000 jobs
The Mark Group blames recent government policy announcements for scuppering its turnaround plan Almost 1,000 jobs were lost on Wednesday night as one of the UK’s leading solar- panel installers went into administration, blaming government changes in energy policy for its downfall. The Mark Group said it had been to bring in insolvency specialists because […]