Climate change has created an imperative to transition our global society towards low carbon economies to help lessen its imminent impacts. These economies would foster less dependence on fossil fuels and embed practices across all sectors that would mitigate the release of greenhouse gases (GHG) emissions into the atmosphere.
Saturday, January 14, 2012
Downgrades for France, Italy, and Spain
Standard & Poor's said Friday it downgraded France's top AAA rating by one notch to AA+, with a negative outlook, while leaving European powerhouse Germany unchanged at AAA, stable. S&P also downgraded Italy by two notches to BBB+, negative outlook, with Spain cut two notches to A, negative outlook, as part of a major overhaul of ratings on 16 of the 17 eurozone nations, with Greece excluded.
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