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Global update
Latest news from around the world.
No concrete commitments in Copenhagen
In December 2009, Denmark hosted the 2009 United Nations Climate Change Conference (COP15) where world leaders gathered to discuss the risks of climate change and what can be done to mitigate them. The main objective of the summit was to agree to global reductions in the emission of carbon dioxide, which is widely viewed as a major contributing factor to global warming.
Oil production peak predicted for 2015
A report commissioned by The Peak Oil Group, a task force that includes senior UK business people such as Sir Richard Branson and Ian Marchant, Chief Executive Officer of Scottish and Southern Energy, has predicted that global oil production could peak by 2015.
Brazil continues to invest heavily in Africa
Brazilian businesses are making major investments in African mining and exploration and production projects, particularly in Angola and Mozambique.
World leaders discuss economic stimulation
At the Annual Meeting of the World Economic Forum, 27–31 January 2010, world leaders, corporate giants and financiers met in the Swiss ski resort of Davos to discuss global economics and strategies to stimulate the economy.