Saudi Arabia to invest in new cities to tap growth

Saudi Arabia, like other Gulf Cooperation Council countries, has decided to create “new cities” to accomplish growth in the real estate sector – a proven growth driver for other economies in the region. Six economic cities have been announced in the Kingdom to complement 14 industrial cities, some of which are already up and running successfully.

GCC to invest in new cities to tap growth – Emirates Business 24|7.

China, West squabble over emissions targets at Bali climate meeting – International Herald Tribune

Developing countries led by China squabbled with the West over mandatory emission cuts at the Bali climate change conference, as activists accused Canada on Saturday of undermining the negotiations by insisting on targets for poor nations.

China, which some believe has surpassed the United States as the world’s top emitter of carbon dioxide and other heat-trapping gases, questioned the fairness of binding cuts when its per capita emissions are about one-sixth of America’s. It said, too, that it has only been pumping pollutants into the atmosphere for a few decades, whereas the West has done so for hundreds of years.

China, West squabble over emissions targets at Bali climate meeting – International Herald Tribune.

New terminal for Mumbai port faces criticism from urban planners | News | Down To Earth magazine

Mumbai port is set to expand. The Cabinet Committee on Economic Affairs has given it the clearance to build an offshore container terminal, which will facilitate handling of large container vessels at the port. Mumbai Port Trust officials are happy because the Rs 1,228.39-crore project will add capacity of 9.6 million tonnes per annum to the port. Urban planners and activists, however, had hopes that some portion of the port land would be given to the city.

According to the Urban Design Research Institute (udri), a Mumbai-based ngo, the city has 0.01 ha of open space per 1,000 people, against the international norm of 1.6 ha per 1,000 people.

New terminal for Mumbai port faces criticism from urban planners | News | Down To Earth magazine.

Rising seas could displace 150 million

In the projected 2070 rankings, Miami remains at the top of the list, with exposed assets rising from $400 billion to more than $3.5 trillion. But the rapid development expected in developing nations means future exposure will become more concentrated in Asia, the report predicts, with eight of the top ten located there. Guangzhou, China, is projected as the second most exposed city in terms of assets, followed by New York; Kolkata, India; Shanghai, China; Mumbai, India; Tianjin, China; Tokyo, Hong Kong and Bangkok, Thailand.

Report: Rising seas could displace 150 million – Pacific Business News (Honolulu):.

France unveils Green Taxes

France’s environment ministry unveiled a system of green taxes on gas-guzzling cars and bonuses for cleaner vehicles, as part of a nationwide strategy to slash global warming emissions.

From January 1, any driver who buys a new car emitting more than 160 grams of carbon dioxide per kilometre (just over half a mile) will be charged a penalty of up to 2,600 euros (3,800 dollars).

The Times – Article.

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