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Russian Roulette: Russia’s surplus of carbon credits too big of a gamble for some

(December 23, 2009) A recent article in the Wall Street Journal details one of the many problems facing the implementation of carbon markets: the political tampering of an artificial market. According to the story, Russia is demanding that it be able to retain its massive surplus of emissions permits after they expire in 2012. Yet, critics argue that if Russia were to off-load these credits on international carbon markets, it would lead to a collapse in the price of carbon.

More Three Gorges migrants returning home

(December 18, 2009) Migrants displaced by the construction of the Three Gorges dam are returning to their hometowns after they struggled to make a living in their new homes, says a recent report in Shanghai Daily. According to the report, almost 200,000 residents from the Hubei Province and Chongqing Municipality were forced to move last year after the Three Gorges reservoir submerged 20 districts or counties.

Dams and Development Threaten the Mekong

(December 18, 2009) Environmentalists worry that the rush to develop the Mekong, particularly the dams, is not only changing the panorama of the river but could also destroy the livelihoods of people who have depended on it for centuries. One of the world’s most bountiful rivers is under threat, warns a series of reports by the United Nations, environmental groups and academics.

Thinking outside the foreign aid box

(December 18, 2009) Foreign aid is facing more criticism this time from an official at the United Nations Millennium Campaign. According to a recent report in the Guardian UK, Sylvia Mwichuli, the UN millennium campaign communications coordinator, told an audience attending a media workshop that governments in Africa must look for different ways to finance their national budgets, rather than relying on foreign aid.

The GOOD 100: Dambisa Moyo

Dead Aid offers a prescription for African development that doesn’t involve giving away money, but instead proposes a capitalistic approach to enable African nations to tap into the financial markets to their own benefit. By receiving and slowly improving credit ratings and by issuing bonds, while encouraging foreign investment, Moyo argues, African nations can free themselves from a damaged system and grow using the same paradigm that works for developed nations.