Why foreign aid to Haiti failed

(February 1, 2006) Although it proudly lays claim as the second oldest republic in the Hemisphere, and the only nation whose slave population defeated a colonial power to become free,Haiti is, and has been, among the worst governed and most undemocratic states. Few places in the world, and no places in the Western Hemisphere, are poorer than Haiti.This paper2 explains why, after consuming billions in foreign aid over three decades, and hundreds of millions specifically for governance and democratization programs, not to mention billions for other programs, Haiti remains politically dysfunctional and impoverished.

Chinese Power Giant to Sell Carbon Dioxide to Spain under CDM Contract

(January 23, 2006) The Chinese electric utility Huaneng and the Spanish National Power Corporation Endesa have unveiled a pioneering initiative for purchasing emissions credits generated under the Kyoto Protocol’s Clean Development Mechanism (CDM), according to the 21st Century Business Herald. The deal, announced January 19 in Beijing, is the first in China’s power sector to be put into implementation. This initiative will generate roughly 3 billion RMB (US $375 million) for Huaneng and benefit the utility’s fledgling wind power projects.