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...Director of the Bard Center for Environmental Policy. The high price reflects anticipated losses in agriculture and real estate plus the cost of disease outbreaks and natural disasters associated with rising sea levels. The melt, he says, is already adding extra heat at an annual rate of 3 billion tons of CO2 - the equivalent of 500 coal-powered plants, or more than 40% of all U.S. fossil fuel emissions - and this is expected to more than double by the end of the century. (See the top 10 green ideas...
...which surfaces change from white ice and snow to ocean or exposed tundra, since darker surfaces absorb, rather than reflect, solar heat. According to the report, this shift and the increased methane emissions linked with melting permafrost currently slap us with annual losses in the range of $61 billion to $371 "resulting from such changes as heat waves and flooding." But the anticipated monetary fallout described in the study, expected to run deep into the trillions over the coming decades, may actually be conservative, as it does not take into account the recently discovered large-scale methane releases from...
Though Congress and the Obama administration formally pledged to fully fund worldwide access to HIV drugs and other life-saving programs, their promise has fallen short by about $2.5 billion dollars...
...officials say, the heavy volume of legitimate trade moving from Dubai to Iran - trade between the two countries was worth $12 billion last year, most of it imports into Iran - makes it easier to camouflage illicit items. About 400,000 Iranians live in Dubai, and about 8,000 Iranian companies are registered there, including two major banks, Bank Melli Iran and Bank Saderat Iran, both of which are currently under U.S. sanctions on the allegation that they're funding Iran's nuclear program...
...attendance at the nuclear summit had been in doubt following Obama's January decision to approve the sale of $6.4 billion in arms to Taiwan, which China considers part of its territory. A month later, Obama met with the Dalai Lama, the exiled Tibetan spiritual leader accused by Chinese leaders of seeking Tibetan independence. In the span of a few weeks, the U.S. had prodded China on two of its most sensitive issues, prompting an angry backlash, including a suspension of some high-level military exchanges. Beijing also refused to even discuss U.S. proposals for new sanctions against Iran over...