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Port Authority of NY and NJ
Airports and ports in New York and New Jersey to become greener
Tuesday, May 22, 2007
Port Authority of New York and New Jersey Chairman Anthony R. Coscia has revealed that the Port Authority will undertake an effort with a goal to reducethe global warming impact of Port Authority ports and airports by 80 percent inthe long term.

I am pleased to announce that the Port Authority will develop a comprehensive strategy over the next two years for implementing alternative energy solutions at our airports and ports - a combination of efficiency, renewable energy and renewable energy credits - with the ultimate goal of reducing carbon emissions, our so-called carbon footprint, Mr. Coscia said.

Additionally, he stated the agency must think of its environmental impact in terms of the signs outside of parks telling you to take out what you bring in.

The environmental initiative puts the agency at the forefront of meeting Governor Corzine`s statewide greenhouse gas reduction target set in a February 2007 Executive Order, and stems from the Governor`s speech at NJIT last year in which he called for environmentally sustainable practices at ports and airports in his economic development plan.

Mr. Coscia noted that it would be impossible to bring critical facilities like
the airports and ports to zero carbon emissions, but a greatly reduced net
impact could achieved though a number of measures including:

Mr. Coscia said the agency`s efforts would help bolster the renewable energy market. Our strategy would also seek to offset emissions by tapping into the market of large-scale clean energy generation in our region. In this way the Port Authority would not only be helping to avert global warming, it would also be contributing to a promising sector of our regional economy, Mr. Coscia said.

Mr. Coscia delivered the commencement address at the New Jersey Institute of Technology`s (NJIT) 2007 Commencement Ceremony.
Michael Verikios - Tuesday, May 22, 2007
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How will the currently developing financial crisis and oil prices rally affect the tourism industry?.

they will have temporary and minimal effect and the situation will stabilize in a year or two

we should be looking at a restructuring in the international tourism movements and trends

it is still too early to access the impact on world tourism, medium or long term

we will see more tourism closer to home, and less international travel

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