Word: sectoral
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...only when there is a marketplace incentive for such action, either in the form of a carbon tax or its practical equivalent in the form of economy-wide emissions caps implemented through tradable permits. Until our government starts to spend more on advanced energy technologies and gives the private sector incentives to do the same, declarations that technology is going to solve the energy-climate challenge are just so much...
...natural disasters (primarily extreme weather events) continue to rise. Yearly damages increased ten-fold between the 1980s and 1990s, and reached $55 billion in 2002 ($11 billion insured) and $60 billion ($15 billion insured) in 2003. The shock waves of emerging risks are reverberating through the insurance and reinsurance sector...
...nation for electricity and fuels. The situation in other industrialized countries is no better, and in developing countries it is worse. Around the world, the energy sector’s ratio of RD&D investments to total revenues is far lower than for any other high-tech sector of the economy. These investments will need to be boosted at least two- to three-fold if we are to be able to meet the energy-climate challenge we face in the decades immediately ahead...
...more than triple the euro-zone average. Many Russians are still poor and live in wretched conditions, but on the whole, household income is up and, especially in big cities like Moscow and St. Petersburg, people are ready to splurge. The spending boom is creating a merger wave in sectors as varied as banking, brewing and confectionery. In just the past month, alongside the Dixons deal, the huge Belgian beer company InBev has been finalizing the last pieces of a $730 million acquisition of Russian beer giant Sun Interbrew, and Coca-Cola agreed to buy Multon, Russia's second largest...
...there a way to predict which outside firms will prevail in Russia? Christopher Weafer, chief strategist at Alfa Bank in Moscow, talks about Russia as a "triple- layer" economy: on the top is the nation's fiscal strength, on the bottom the roiling consumer sector (mobile-phone subscriptions notched up another record in March, and Ford sold one-third more cars in the first quarter of this year than it did a year ago). But Weafer cautions about the middle layer: energy and other areas that could be construed by the Kremlin as being of strategic value. There, investment risk...