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Saturday, November 21, 2009
News Making Money

IRU: Road transport industry sets bold CO2 reduction targets

07/11/2009 10:57 (13 Day 19:05 minutes ago)

The FINANCIAL -- The International Road Transport Union’s (IRU) General Assembly, representing truck, bus, coach and taxi operators in 74 countries on the 5 continents, today unanimously adopted the IRU “30-by-30” Resolution, a voluntary road transport industry commitment to reduce CO2 emissions by 30% by 2030.

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IRU President, Janusz Lacny, said: “The IRU and it Members agreed today on an unprecedented commitment to reduce CO2 emissions within the next 20 years. After achieving a commendable reduction in toxic emissions by up to 98% over the last 20 years, which significantly helped improve air quality, the road transport industry is now ready to take up this new challenge and effectively contribute to ambitious CO2 reduction targets.”

 

This drastic 30% reduction in CO2 emissions by 2030, calculated in terms of transport performance (tonne and passenger-kilometres), will use 2007 as the base year.

 

Janusz Lacny concluded: “While governments struggle, most likely to no avail, to forge a consensus and limit CO2 emissions as a follow-up to the Kyoto Protocol in Copenhagen this December, the road transport industry publicly commits to provide better and cleaner rather than more road transport, and to effectively decouple road transport from its environmental impact.”

 

 

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Politics
Biden Calls for Fulfilling Promises of Rose Revolution

20/11/2009 12:35 (17:27 minutes ago)

The FINANCIAL -- According to Civil Georgia, U.S. Vice President Joe Biden called President Saakashvili on November 18 to discuss democratic reform in Georgia and to reiterate the United States’ strong support for Georgia’s sovereignty and territorial integrity, the White House reported.

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Markets
NASDAQ OMX Stockholm and Valueguard Launch New Housing Price Index

20/11/2009 16:10 (13:52 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm AB, part of the NASDAQ OMX Group (NASDAQ:NDAQ), together with Valueguard on November 19 introduced a new suite of housing price index, "NASDAQ OMX Valueguard-KTH Flats" (HOX), based on the price development for privately held flats in Sweden's three largest cities.

INSURANCE
ING restructuring plan approved by European Commission

19/11/2009 12:39 (1 Day 17:23 minutes ago)

The FINANCIAL -- ING announced on November 18 that the European Commission has formally approved the restructuring plan submitted by ING .

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