European Wind Power Helped by Danish Report

MADRID - Shares in Europe's biggest quoted wind turbine companies Vestas Wind Systems, NEG Micon and Gamesa rose last week thanks to a report estimating the global wind power market would grow by 11 percent a year between now and 2007.
Shares in Vestas added 2.9 percent, NEG tacked on 3.6 percent and Gamesa gained 2.4 percent by 1200 GMT.
The growth forecast is lower than windpower consultancy BTM's last five-year estimate a year ago but even so wind power production is expected to rise 24 percent this year alone and by 2012 should account for two percent of world electricity consumption.
"Gamesa's rise is related to this news," said Mariano San Martin, a trader at Spanish broker Ibersecurities.
Danish companies Vestas and NEG Micon rank first and third among world wind power producers with Germany's privately-owned Enercon second and Gamesa fourth.

http://www.planetark.com/avantgo/dailynewsstory.cfm?newsid=20245

Climate Change and War

by Jeffrey Sachs, professor of economics and director of the Earth Institute at Columbia University

Visiting Africa's Sahel region, Jeffrey Sachs says it's clear that climate change is already driving warfare in Ethiopia and Sudan. This time, peacekeepers, sanctions and humanitarian aid are not going to cut it. Instead, the developed world needs to cut its emissions drastically while helping developing countries adapt—and fast.
British Prime Minister Tony Blair has declared that the two issues at the center of the G-8 Summit this July will be African poverty and global climate change. These may seem to be distinct issues. In fact, they are linked. A trip I took to a village in the Tigre region in northern Ethiopia shows why.

Read the whol article

Copyright: Project Syndicate, March 2005