Some Interesting "climate Change" News

[Gaf The Horse With Tears]

World Bank accused of climate change "hijack"

BANGKOK (Reuters) - Developing countries and environmental groups accused the World Bank on Friday of trying to seize control of the billions of dollars of aid that will be used to tackle climate change in the next four decades.

"The World Bank's foray into climate change has gone down like a lead balloon," Friends of the Earth campaigner Tom Picken said at the end of a major climate change conference in the Thai capital.

"Many countries and civil society have expressed outrage at the World Bank's attempted hijacking of real efforts to fund climate change efforts," he said.

Before they agree to any sort of restrictions on emissions of the greenhouse gases fuelling global warming, poor countries want firm commitments of billions of dollars in aid from their rich counterparts.

Lloyd's warns of a lack of natural disasters (You know, those ones Global Warming was going to cause)

Lloyd's of London warned yesterday that an absence last year of natural disasters or man-made accidents was putting pressure on firms to reduce premiums in 2008.

The world's oldest and biggest insurance market said that though the lack of major disasters had allowed firms to push up profits 5% in 2007, underwriting margins were being squeezed.

Almost half of the 320-year-old market's business was conducted in the US last year. It is a major insurer of the Florida seaboard and oil rigs in the gulf of Mexico. In 2005, a series of natural disasters culminated in Hurricane Katrina clattering into New Orleans. The clean-up bill pushed Lloyd's into a £103m loss.

However, two years of relatively few claims for environmental damage have increased competition in the sector. "On the back of a good performance in 2007 we need to sound a note of caution for 2008 because of softening market conditions and because of the financial turmoil we have seen," said Richard Ward, chief executive of Lloyd's.

"The indications are that people are being prudent in what they are doing by cutting back on writing business," he added.

Global warming 'dips this year'

Global temperatures will drop slightly this year as a result of the cooling effect of the La Nina current in the Pacific, UN meteorologists have said.

The World Meteorological Organization's secretary-general, Michel Jarraud, told the BBC it was likely that La Nina would continue into the summer.

This would mean global temperatures have not risen since 1998, prompting some to question climate change theory.

But experts say we are still clearly in a long-term warming trend - and they forecast a new record high temperature within five years.

The WMO points out that the decade from 1998 to 2007 was the warmest on record. Since the beginning of the 20th Century, the global average surface temperature has risen by 0.74C.

Rises 'stalled'

La Nina and El Nino are two great natural Pacific currents whose effects are so huge they resonate round the world.

El Nino warms the planet when it happens; La Nina cools it. This year, the Pacific is in the grip of a powerful La Nina.

It has contributed to torrential rains in Australia and to some of the coldest temperatures in memory in snow-bound parts of China.

Mr Jarraud told the BBC that the effect was likely to continue into the summer, depressing temperatures globally by a fraction of a degree.

This would mean that temperatures have not risen globally since 1998 when El Nino warmed the world.

[Troy Spiral (13)]

That stuff is interesting. Really. =)