Environment
Tracks environmental policies, controversies and breakthroughs for Businesstoday-eg
In November 2011, Australia, along with the whole world, saw a historic law being passed - the Carbon Tax! Hailed by some and criticized by many, the Carbon Tax, which was debated and discussed for almost over a decade, finally saw the light of day. Outside the European Union, Australia is only the second developed nation that has enacted carbon pricing. So what exactly is this carbon tax and how is it going to impact the Australian economy and environment?
On the western coast of Africa lies one of the most populous countries in the world. Nigeria - a country with a rich natural and cultural heritage, a fast growing economy; yet plagued with violence, health problems, poverty and some serious environmental issues. Many non-governmental organizations strive hard to make the life of Nigerians a bit better and this time they have hit the bull's eye by creating something unique and path breaking - A house built of recycled plastic bottles!
Traditionally, the only "green" that the financial powerhouses cared about was the currency approved by government. One may ask - how can banks contribute for a greener environment? Banks do not release deadly pollutants into the air or use loads of water to operate and printing of currency does not have a large carbon footprint. Of course, banks can be more paper and energy-efficient, but it won't save the world. However, with changing times, the scenario is changing, and fast.
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