Will the UK financial chaos spark a wider meltdown?
Risks to global financial stability are verging on crisis levels, the IMF has warned.
from BBC News - Home https://ift.tt/3svKYOT
from BBC News - Home https://ift.tt/3svKYOT
New world news from Time: Norway’s Fossil Fuel Reliance Is Going to the Ballot Box
Fossil fuels helped to catapult Norway from a stable but small fishing and timber economy into one of the wealthiest and most progressive welfare states in the world. Now, climate change is forcing the country to consider slaughtering its cash cow/golden goose (pick your preferred animal metaphor) in exchange for living up to its environmental ambitions, as an estimated 3 million Norwegians head to the polls on Sept. 13 in a parliamentary election that has centered on the issue of whether saving the planet is worth stopping the fossil fuel gravy train. Norway fancies itself a green nation. According to a report by the U.N. Special Rapporteur on human rights and the environment, David Boyd, the country has a “strong environmental record.” Its air and water are pristine, and the vast majority of electricity is generated by emissions-free hydropower plants. The country is a leader in renewable energy production. Environmental regulations are stringent, with fossil fuel use ba
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