Showing posts with label climate crisis. Show all posts
Showing posts with label climate crisis. Show all posts

Saturday, March 28, 2009

Sydney first major city to mark Earth Hour 2009

Sydney first major city to mark Earth Hour 2009

March 28th, 2009 By KRISTEN GELINEAU , Associated Press Writer

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About a hundred participants in an event to mark Earth Hour celebrate with a group photo after the event in which they freeze their movement for a few minutes at a shopping mall in Beijing, China, Saturday, March 28 , 2009. The lights are going down from the Great Pyramids to the Acropolis, the Eiffel Tower to Sears Tower, as more than 2,800 municipalities in 84 countries plan Saturday to mark the second worldwide Earth Hour. (AP Photo/Ng Han Guan)

(AP) -- The floodlit cream shells of the famed Opera House dimmed Saturday as Sydney became the world's first major city to plunge itself into darkness for the second worldwide Earth Hour, a global campaign to highlight the threat of climate change.

From the Great Pyramids to the Acropolis, the London Eye to the Las Vegas strip, nearly 4,000 cities and towns in 88 countries planned to join in the World Wildlife Fund-sponsored event, a time zone-by-time zone plan to dim nonessential lights between 8:30 p.m. and 9:30 p.m.

Involvement in the effort has exploded since last year's , which drew participation from 400 cities after Sydney held a solo event in 2007. Interest has spiked ahead of planned negotiations on a new global warming treaty in Copenhagen, Denmark, this December. The last global accord, the Kyoto Protocol, is set to expire in 2012.

Despite the boost in interest from the Copenhagen negotiations, organizers initially worried enthusiasm for this year's event would wane with the world's attention focused largely on the global economic crisis, Earth Hour executive director Andy Ridley told The Associated Press. Strangely enough, he said, it's seemed to have the opposite effect.

"Earth Hour has always been a positive campaign; it's always around street parties, not street protests, it's the idea of hope not despair. And I think that's something that's been incredibly important this year because there is so much despair around," he said. "On the other side of it, there's savings in cutting your power usage and being more sustainable and more efficient."

In Australia, people attended candlelit speed-dating events and gathered at outdoor concerts as the hour of darkness rolled through the country. Sydney's glittering harbor was bathed in shadows as lights dimmed on the steel arch of the city's iconic Harbour Bridge and the nearby Opera House.

Earlier Saturday, the Chatham Islands, a group of small islands about 500 miles (800 kilometers) east of New Zealand, officially kicked off Earth Hour by switching off its diesel generators. Soon after, the lights of Auckland's Sky Tower, the tallest man-made structure in New Zealand, blinked off.

Forty-four New Zealand towns and cities participated in the event, and more than 60,000 people showed up for an Earth Hour-themed hot air ballooning festival in the city of Hamilton.

At Scott Base in Antarctica, New Zealand's 26-member winter team resorted to minimum safety lighting and switched off appliances and computers.

China was participating in the campaign for the first time, with Beijing turning off the lights at its Bird's Nest Stadium and Water Cube, the most prominent venues for the Olympics, according to WWF. Shanghai was also cutting lights in all government buildings and other structures on its waterfront, while Hong Kong, Baoding, Changchun, Dalian, Nanjing and Guangzhou were also participating, WWF said.

However, the official WWF Earth Hour Web site appeared to be blocked in Beijing, Shanghai and Tianjin on Saturday afternoon. While China rarely gives reasons for blocking Web sites, the campaign coincided with the 50th anniversary of the suppression of an uprising in Tibet that forced the Dalai Lama to go into exile.

In Hong Kong, the government planned to suspend its nightly "Symphony of Lights," which beams lasers and lights into the sky from 44 buildings on the city's famed Victoria Harbor. Landmarks along the harbor also were to switch off nonessential lights for an hour.

Later Saturday, Thailand's Prime Minister Abhisit Vejjajiva planned to press a button to turn off the lights at Khao San Road, a famous haven for budget travelers in Bangkok that is packed with bars and outdoor cafes.

Lights were to go down at the Grand Palace and other riverside monuments, and businesses along some of the Thai capital's busiest boulevards were also asked to participate, the Bangkok Metropolitan Administration said in a statement.

The capital hoped to reduce electricity consumption in the city of more than 8 million people by at least 30 percent - or 1,400 megawatts - during the event. Earth Hour organizers say there's no uniform way to measure how much energy is saved worldwide.

Earth Hour 2009 has garnered support from global corporations, nonprofit groups, schools, scientists and celebrities - including Oscar-winning actress Cate Blanchett and retired Cape Town Archbishop Desmond Tutu.

McDonald's Corp. planned to dim its arches at 500 locations around the Midwest in the United States. The Marriott, Ritz-Carlton and Fairmont hotel chains and Coca-Cola Co. also planned to participate.

- wong chee tat :)

Friday, December 12, 2008

S'pore expected to be first Southeast Asian country to recover from crisis

S'pore expected to be first Southeast Asian country to recover from crisis
By Rachel Kelly, Channel NewsAsia Posted: 11 December 2008 1826 hrs

SINGAPORE: Singapore may be the worse-hit Southeast Asian country in the current economic crisis, but it could well be the first economy in the region to rebound, according to economic forecaster Thierry Apoteker.

A jump in US consumer confidence in November is just one of the indicators that could signal signs of a global recovery next year. Consumer confidence index rose in November to 44.9, up from 38.8 in October which was the lowest on record.

Coupled with signs of liquidity tensions loosening up, it is suggested that banks may start lending to corporations soon which could put the US on a recovery path.

"We have the initial tentative signs that this is taking place. The spreads between money market rates and the fed rates have declined substantially. Not yet to the normal zone but substantial, compared to the rates of 300 basis points that we have seen after the Lehman collapse," said Dr Apoteker.

Increased spending in the US and Eurozone would translate to an increase in demand for exports from Asia.

And while global trade numbers may pick up, Dr Apoteker expects a slower growth rate of between 4 and 5 per cent, as opposed to the almost 10 per cent growth in 2006.

He added that he expects the US and Eurozone to see signs of recovery in the second quarter of 2009, with Asia following suit in the third quarter.

And although Singapore will be hit by slowing trade, its strong asset base and robust financial sector will boost its economic recovery.

The managing director of TAC said: "Clearly, trade transmission is incredibly strong for Singapore because you are a trading nation by construction, so in that sense there is nothing you can do. There is no policy management that can avoid when the whole demand in the world is collapsing. As a major exporting nation, you are very bluntly, brutally affected, but symmetrically, you will be the first one to come out of it.

"What's very interesting is that the other transmission mechanism – both on the asset market and the financing mechanism in Singapore – is pretty strong, much stronger than most.

"We've done an exercise of mapping the banking systems of all the Asian countries to look at where the strengths and the weaknesses are, and you might be interested to know it is rated 1 to 64 in binary ranking.

"Singapore is the only country, apart from Japan and Korea, to have a number one ranking. The financial background is very strong, so as a trading outpost you will be very badly affected, but you will be the first to recover after that."

But a recovery in Asia could also depend on what happens in China.

"The very critical question to what happens in Asia is what happens in China because even if we have a mild recovery in the West, a catastrophe in China will impact the rest of Asia very negatively due to the growing integration of Asia and China," said Dr Apoteker.

He warned that if Chinese companies are unable to export surplus stocks financed on credit, the losses they chalk up could impact their trade with other Asian economies.

But for the moment, the decline in Chinese exports is expected to be short-lived, with the country's growth rate still expected to come in at 7.5 per cent next year.


- CNA/so

What do you think?

- wong chee tat :)

Tuesday, October 21, 2008