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Tag: rise

Ozone hole mystery: China insulating chemical said to be source of rise

Ozone hole mystery: China insulating chemical said to be source of rise

Science
Cut-price Chinese home insulation is being blamed for a massive rise in emissions of a gas, highly damaging to the Earth's protective ozone layer. The Environmental Investigations Agency (EIA) found widespread use of CFC-11 in China, even though the chemical was fully banned back in 2010. Scientists have been extremely puzzled by the mysterious rise in emissions. But this report suggests the key source is China's home construction industry. Just two months ago, researchers published a study showing that the expected decline in the use of CFC-11 after it was completely banned eight years ago had slowed to a crawl. There were suspicions among researchers that new supplies were being made somewhere in East Asia. Rumours were rife as...
Cost of some US goods to rise by 25% on Friday

Cost of some US goods to rise by 25% on Friday

Business
The EU has said its retaliatory tariffs on US goods will kick-in from Friday - six weeks after America slapped import duties on the bloc's steel and aluminium products. Officials in Brussels, spearheading the member states' response, said the list of US imports that will now face an extra duty at the EU border includes steel and aluminium products, agricultural goods and a variety of other products.Duties of 25% will be applied to the raft of US goods worth €2.8bn - including bourbon, make-up and motorbikes - from 22 June.The move has the potential to make many items commonly sold on supermarket shelves - like long grain rice, cranberry juice, orange juice and sweetcorn - jump in price.There is also a notable addition at the end of the long list of products - a 10% ta...
Home loan growth may rise to 17-19% in FY19: Report

Home loan growth may rise to 17-19% in FY19: Report

Finance
Government incentives to boost the residential real estate sector, especially budget housing, may push housing credit growth to 17-19 per cent in the current fiscal year, according to a report. "Growing affordability for the first-time home buyers, supported by government incentives like the PM's Awas Yojana are expected to result in a rise in primary home purchases, especially in the affordable housing segment, which will help segmental loan growth to 17-19 per cent,"the Icra report said. Housing credit grew 16 per cent in FY18, taking the mortgage penetration (housing credit as a percentage of GDP) to double-digit mark of 10 per cent for the first time in FY18, up from 9.5 per cent in FY17. Overall housing credit grew 39 per cent in the year to March 2018, which was pushed by new mort...
Two million SSE customers to see bills rise

Two million SSE customers to see bills rise

Business
"Big six" energy supplier SSE is increasing prices by an average of £76 a year in a hike affecting more than two million customers. The price changes - a 5.7% rise for gas and 7.7% for electricity bills - mean a typical dual fuel customer will see an increase of £1.50 each week.SSE blamed the price hike, which comes into effect on 11 July, on rising wholesale and government policy costs and said it would impact 2.4 million customers.Households with a pre-payment meter or on fixed-price or vulnerable customer safeguard tariffs are not affected.The company also announced it will remove its £6 per fuel, per year paperless billing discount when the changes come into effect.It is the last of the largest energy companies to reveal price changes following a series ...
Improperly recycled refrigerators not enough to explain rise in ozone-eating gas

Improperly recycled refrigerators not enough to explain rise in ozone-eating gas

Science
May 24 (UPI) -- Despite reports that improperly recycled refrigerators in China could explain a recent uptick in chlorofluorocarbon emissions, NOAA scientist Steve Montzka suggests the new mystery source of CFC-11 remains unaccounted for. Earlier this month, Montzka and his colleagues identified rising levels of CFC-11, a common chlorofluorocarbon, in air samples collected in Hawaii. Emissions had been dropping globally over the last two decades. The rise in CFC-11 concentrations first showed up in 2013, suggesting the chemical's proliferation can be explained by a new source -- a source scientists think is located somewhere in East Asia. Chlorofluorocarbons like CFC-11 were used in a variety products, including refrigerators and air-conditioners, for decades before being phased out beca...