Climate change

Norway has committed up to $250 million to preserving tropical rain forests in Guyana, a country that has been praised internationally for pursuing the Low Carbon Development Strategy launched by President Bharrat Jagdeo last year.

Argentina, Brazil and Paraguay are working toward a proposal that, by 2020, would completely eliminate deforestation of the Atlantic forest basin. After centuries of agricultural development 93 percent of the forest, which originally covered over 193,000 square miles, has been destroyed.

The climate bill sponsored by U.S. Senator John F. Kerry (D-MA) gained unexpected Republican support this week.

Downpours that began on Monday in the province of Iquique—located in Chile’s extreme-north desert region of Tarapacá—has damaged 4,800 homes, closed schools for 48 hours and led to power outages affecting more than 20,000 people.

The early arrival of sub-freezing temperatures in Peru's southern highlands has brought severe cases of hypothermia, pneumonia and other respiratory diseases, leading to the deaths of 246 children.

G8 leaders meeting in Italy agreed this week that average global temperatures should not rise more than 2 degrees Celsius (3.6 degrees Fahrenheit) from pre-industrial times.

Floods in Mexico. Hurricanes in the Dominican Republic. Desertification in Brazil. For environmentally conscious CEOs, weather disasters sparked by global climate change represent both a challenge and an opportunity.

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