Thailand is creating an $11 billion fund for flood water management and infrastructure, Reuters reported. Another $1.5 billion will be set aside for insurance.
China invested nearly $53 billion in water conservation in 2011, Xinhua reported, citing China’s Ministry of Water Resources. The central government’s investments were a 70 percent increase over spending in 2010.
Denmark said it will pursue legally binding environmental policies during its upcoming European Union presidency, despite economic woes, according to EurActiv.
Reuters takes a look at the record-breaking weather disasters of 2011, and how extreme weather may play out in 2012.
U.S. states are competing to attract companies that use natural gas to create their products—such as chemical plants—amid the shale gas boom, The Wall Street Journal reported.
Extensive flooding in northern Australia stranded hundreds of people and derailed a train that may have been carrying hazardous chemicals, according to the Australian Broadcasting Corporation.