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Lima Climate Discussions At a Crucial Stage – Negotiators Arguing Over Finance

December 6, 2014 By Carol Harper

Lima-conference

The representatives of 190 nations are extremely perplexed at U.N climate talks in Lima.  The negotiators are confused whether governments should involve finance and adaptations agreements in pledges or not.

These national offers or pledges would be presented as a new global climate change agreement in the beginning of 2015.

A few under developed and developing countries believe that modification should be included. They suppose that it will help poor nations to figure out their requirements of technical aid and funding.

The United Nation Environment agency announced that this time the cost of underdeveloped countries is nearly two to three times higher as compared to the previous one.  The last estimation was around $70-100 billion per year till 2050.  This approximation is predicted after the assumption of considerable reduction of greenhouse gas emissions.

Ronald Jumea, a representative of Seychelles said at U.N climate talks that if the agency would not slash the emission cost then the project would require more financial support from the nations.

The report gave birth to serious disputes in Lima on the additional expense of global warming.  The chief ail of global warming is to burn coal, oil and gas.

On the other hand, Japan and European Union declare that they wish national offers to merely concentrate on mitigation.  Mitigations are the measures to cut plant warming emissions.

Elina Bardram, the European Commission’s top climate negotiator stated that European Union thinks that all the money is particularly collected for the purpose of mitigation. Hence, it should not be utilized for other climate goals.

Filed Under: Science Tagged With: adaptation, climate goals, climate talks, European Commission, European Union, Japan, Mitigation

EU Thumbs Up On Facebook Purchase Of WhatsApp

October 3, 2014 By June Harris

eu-facebook-whatsapp

Facebook will be shelling out a whopping $19 billion to buy the mobile messaging wonder service WhatsApp Inc., thanks to the EU giving them the thumbs up clearance to purchase the company.

This is a history busting merger and the largest in Facebook’s acquisitions. Cleared by the US antitrust big shots, this joining will boost the foundation of the mobile messaging market for the world’s biggest social networking company. With both the EU and the US antitrust bodies giving Facebook the greenlight, there’s nothing stopping them from dominating the market. Analysts and antitrust say that there won’t be a domination but that consumers will still have alternatives to other companies to do messaging.

This is a watershed test for this kind of merger as experts, analysts, and industry pros will watch to see how people use both services. The public can be quite innovative on their own and may come up with ways to use both Facebook and WhatsApp that no one had foreseen leading to greater interest. There was resistance to the merger from Europe’s telecom operators but resistance was bound to happen. It’s because the telecom companies are up against the wall from pressure from these big companies like Skype, Netflix, WhatsApp and others who use telecom infrastructure to provide the same type of services but don’t have to pay the same taxes or fall under similar regulation.

This merger scared many companies around the world but the antitrust bodies did a thorough look into it and gave it the go ahead. People would argue that no one can turn Facebook down anyway as that would affect stocks and other commerce. Since there was no major battle and public uproar it was inevitable that the regulators wouldn’t stand in the way. Basically, Facebook is so huge now that if it makes money, everyone makes money. They have an estimated 1.3 billion users and growing and are pushing for another 4.4 billion people worldwide to get online. WhatsApp already has 600 million users and will definitely benefit from exposure via Facebook.

Regulators will be watching from here on out to see if their antitrust concerns are warranted or not. Facebook and WhatsApp will be on their toes to behave themselves and of course this merger will call for creating new jobs especially in monitoring an support.

Filed Under: Technology Tagged With: European Union, facebook, purchase of whatsapp, Whatsapp

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