Global warming ‘changing world economy’

Global warming is forcing the world to change the way it does business, according to a new report.

A more sustainable global economy is emerging as countries and companies move to combat the challenges posed by climate change.
Huge amounts of money are pouring into clean energy projects, carbon trading and environmental and energy hedge funds, says the annual State of the World 2008 report from the Worldwatch Institute, an independent research organisation.

“Once regarded as irrelevant to economic activity, environmental problems are drastically rewriting the rules for business, investors, and consumers, affecting over