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2010 marks a new record in global C02 emissions. They totalled 30.6 Gigatons, 6 percent more than in 2009, when global economic activity suffered from the financial cataclysm in USA and Europe. According to IEA estimates, C02 emissions must absolutely peak at a level of 32 Gigatons by 2020. If they fail to do so […]

In a declaration published May 20th , the Governing Board of the “International Energy Agency”, which represents the 28 major energy consuming countries, has expressed serious concerns about rising oil prices affecting global recovery by reducing household incomes and putting pressure on inflation and interest rates. This declaration, which represents a call upon OPEC […]

During the past 10 years the international community has witnessed a bizarre spectacle of two parallel negotiating processes. The negotiations on the Doha Development Round that have started in 2001 as a reaction to the terror attack on the World Trade Centre in New York. These negotiations, involving all the 150-odd WTO member countries, aim […]

On May 3rd, the UN decided to allow EU representatives to participate in the debate at the General Assembly and present oral proposals or amendments in the name of the EU. This decision follows eight months of intensive discussions with other UN member states, in particular those of the Caribbean Common Market. It will turn out […]

The third biggest European oil and gas company, TOTAL, has decided to buy a majority stake in Sun Power, the second US manufacturer of solar panels. This follows earlier engagements in solar ventures, including research, but it is the biggest investment so far ($ 1.4 billion). The acquisition reflects rising tensions in the energy markets […]

In a letter addressed to the four Congressional party leaders, April 26th, President Obama has urged them to adopt legislation abolishing the $ 4 billion worth of annual subsidies to the US oil and gas industry. This initiative is overdue. The US oil and gas industry has traditionally enjoyed a privileged status in the US […]

Syria will be the most repressive regime surviving in the Mediterranean after the hoped-for end of the Gaddafi clan. Since 1967 the “Assad Dynasty” has been in control of the country. An all-pervasive secret police and a powerful army have been able to impose “stability” ever since the Hama massacre in 1982.

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