Finance and Investments

Global Arms Spending Tops $1.6T

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The Associated PressArmed soldiers on guard in Kingston, Jamaica, in May 2010. (Associated Press)Despite the global financial crisis, world military spending almost doubled in the past decade to reach $1.6 trillion Cdn in 2009, a Swedish think-tank said Wednesday. In its 2010 yearbook, the Stockholm International Peace Research Institute, or SIPRI, said that spending between 2008 and 2009 grew 5.9 per cent. The United States remains the biggest spender, accounting for some 54 per cent of the increase, the report said.

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World Needs Clean Energy Revolution: UN chief

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UNITED NATIONS — Rich and poor nations need a "clean energy revolution" in order to cut greenhouse gas emissions responsible for global warming, UN chief Ban Ki-moon said here Wednesday.

 

The Druzhba thermal power station in Sofia ... Read more about World Needs Clean Energy Revolution: UN chief

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In Clean Energy, U.S. Innovates But Builds Slowly

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If you follow the money, the numbers show that the U.S. is being outpaced by China and other countries in a global race to develop green-technology industries. The Pew Charitable Trusts, in conjunction with Bloomberg New Energy Finance, is publishing a report on Thursday that characterizes different countries in developing and adopting clean-energy technologies. ... Read more about In Clean Energy, U.S. Innovates But Builds Slowly

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Losses From Natural Disasters Decline In 2009

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In 2009, some 860 natural catastrophes occurred worldwide.1 Given the 750 disasters registered in 2008, this represented an increase of 15 percent.2 Last year had the fourth highest number of events in the period from 1980 to 2009.3 Some 92 percent of last year’s events were weather-related disasters (compared with 82 percent in 2008): 42 percent were storms, 38 percent were floods, and 12 percent were other weather-related events, such as heat and cold waves, winter damage, droughts, and wildfires.

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Solar PV, Wind, and Biofuel Markets Expand by 11.4 Percent to $139.1 Billion in Collective Global Revenues in 2009

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Following one of the worst years in economic history, signs of hope have begun to emerge for the clean-tech sector, with clean energy becoming a driving force for global economic recovery from Beijing to Seoul, and Washington D.C.

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