Egyptians clash on revolution's 2nd anniversary

CAIRO Two years after Egypt's revolution began, the country's schism was on display Friday as the mainly liberal and secular opposition held giant rallies saying the goals of the pro-democracy uprising have not been met and denouncing Islamist President Mohammed Morsi.

Thousands of protesters filled Cairo's central Tahrir Square, where the January 2011 uprising was born, and the area outside the presidential palace in the city's Heliopolis district. Throughout these places, the iconic Arab Spring chants of "Erha! Erhal!" or "leave, leave" and "the people want to topple the regime" rang out.

The protesters are using the anniversary to stage a show of strength in a bid to force Morsi to amend a disputed constitution drafted by his Islamist allies. They are also demanding freedom of expression and the independence of the judiciary.

Clashes broke out for a second day on some sidestreets near Tahrir and police fired tear gas to disperse the young men throwing stones. There were also clashes in Alexandria.

Smaller crowds also gathered in central squares in the Mediterranean cities of Port Said as well as the Nile Delta city of Mehalla and Suez at the southern entrance of the Suez Canal.

Morsi's Muslim Brotherhood supporters opted not to mark the anniversary on the streets, arguing that they will honor the occasion with acts of public service, like treating the sick and planting trees, a tactic dismissed by the opposition as a public relations stunt ahead of parliamentary elections expected in April.

The Brotherhood's ultraconservative allies, known as Salafis, also said they would stay off the streets to avoid clashes.

Egyptian demonstrators wave the national flag and shout slogans during a protest in Alexandria on January 25, 2013 -- the second anniversary of the revolution that ousted Hosni Mubarak.

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AFP/Getty Images

The anniversary of the revolution comes as Egypt faces a new phase in its upheaval: Ruling Islamists trying to push through their agenda, an opposition trying to break their lock on power, and an economy in free-fall that threatens to fuel public discontent.

At the heart of the country's political divide is a disputed constitution drafted by Morsi's allies without the participation of liberals or minority Christians, what the opposition sees as a bid by Morsi and his Muslim Brotherhood to take control of all state institutions and the president's meddling in the judiciary.

"I am asking everyone to go out and demonstrate to show that the revolution must be completed and that the revolution must continue," opposition leader Mohamed ElBaradei said in a televised message posted on his party's website. "There must be a constitution for all Egyptians. A constitution that every one of us sees himself in it," said the Nobel peace Laureate and former head of the U.N. nuclear watchdog, IAEA.

New militia-like groups opposed to the Islamists have declared in video messages posted on social networks this week their intention to defend the opposition protesters if attacked. At least 10 people were killed and hundreds injured when Morsi's supporters descended upon protesters camped outside his palace in December, starting clashes that lasted for hours with firebombs, swords, knifes and firearms.

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Alleged Doctor Killer Had Anger Issues, Friend Says

Jason Smith, the Philadelphia exterminator who police say showed up at the home of Dr. Melissa Ketunuti this week to solve her rodent problem before strangling her, was a problem child as an adolescent, a family friend told ABC News.

The family friend from many years ago, who asked for anonymity, said Smith, 36, had behavior and anger issues, and that he also liked to set things on fire.

After Smith and Ketunuti got into "some kind of argument" in Ketunuti's basement, he struck her, strangled her and set her on fire, according to police.

Smith reportedly admitted to the brutal slaying after hours of police questioning Wednesday night.
Smith told police that Ketunuti had "belittled" him, sources told ABC News affiliate WPVI-TV in Philadelphia

He snapped and apparently tried to hide any evidence by setting the 35-year-old doctor on fire with paper he lit in the kitchen, the station reported.

Philadelphia Police Department/AP Photo

Pa. Doctor Killing: Person of Interest in Custody Watch Video

Philadelphia Doctor's Murder Leaves Police Baffled Watch Video

"People like Mr. Smith basically walk around with a huge chip on their shoulder, and they feel so inadequate and so insecure that any perceived belittlement of them will set them off," ABC News consultant and former FBI agent Brad Garrett said.

Capt. James Clark of the Philadelphia Police Department said Smith's mood and clarity varied during his alleged confession.

"At some points, he was solemn. At other points, it was like he was in a fog," Clark said at a news conference.

Smith has been charged with murder, arson, abuse of a corpse and risking a catastrophe.

Ori Feibush, who owns a coffee shop near Ketunuti's street, said he and police pored over hours of surveillance video until they saw Ketunuti walking home from doing errands, with Smith steps behind her.

"Forty-five minutes later, we see this same guy walking past, but [he] looks a little more disheveled and he's got gloves on," Feibush told ABC News.

Police say that after the slaying, Smith circled Ketunuti's block twice, before heading off to another job.

Ketunuti was a doctor at the Children's Hospital of Philadelphia and had lived alone in the Graduate Hospital neighborhood of the city for about three years. Her family released a statement saying they are "devastated by this senseless act of violence."

"Melissa's friends from childhood, college, residency and elsewhere remember her many kindnesses, even during long hours, as well as her zest for life: traveling, running and spending time with friends and family," the statement said. "Melissa was a source of joy to everyone in her life. Her passing has left an enormous gap in our lives."

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Neanderthal cloning? Pure fantasy

A display of a reconstruction of a Neanderthal man and boy at the Museum for Prehistory in Eyzies-de-Tayac, France.

STORY HIGHLIGHTS

• Arthur Caplan: It would be unethical to try and clone a Neanderthal baby


• Caplan: Downsides include a good chance of producing a baby that is seriously deformed


• He says the future belongs to what we can do to genetically engineer and control microbes


• Caplan: Microbes can make clean fuel, suck up carbon dioxide, clean fat out of arteries

Editor's note: Arthur Caplan is the Drs. William F and Virginia Connolly Mitty professor and director of the Division of Bioethics at New York University Langone Medical Center.

(CNN) -- So now we know -- there won't be a Neanderthal moving into your neighborhood.

Despite a lot of frenzied attention to the intentionally provocative suggestion by a renowned Harvard scientist that new genetic technology makes it possible to splice together a complete set of Neanderthal genes, find an adventurous surrogate mother and use cloning to gin up a Neanderthal baby -- it ain't gonna happen anytime soon.

Nor should it. But there are plenty of other things in the works involving genetic engineering that do merit serious ethical discussion at the national and international levels.

Arthur Caplan

Some thought that the Harvard scientist, George Church, was getting ready to put out an ad seeking volunteer surrogate moms to bear a 35,000-year-old, long-extinct Neanderthal baby. Church had to walk his comments back and note that he was just speculating, not incubating.

Still cloning carries so much mystery and Hollywood glamour thanks to movies such as "Jurassic Park," "The Boys From Brazil" and "Never Let Me Go" that a two-day eruption of the pros and cons of making Neanderthals ensued. That was not necessary. It would be unethical to try and clone a Neanderthal baby.

Why? Because there is no obvious reason to do so. There is no pressing need or remarkable benefit to undertaking such a project. At best it might shed some light on the biology and behavior of a distant ancestor. At worst it would be nothing more than the ultimate reality television show exploitation: An "Octomom"-like surrogate raises a caveman child -- tune in next week to see what her new boyfriend thinks when she tells him that there is a tiny addition in her life and he carries a small club and a tiny piece of flint to sleep with him.

The downsides of trying to clone a Neanderthal include a good chance of killing it, producing a baby that is seriously deformed, producing a baby that lacks immunity to infectious diseases and foods that we have gotten used to, an inability to know what environment to create to permit the child to flourish and a complete lack of understanding of what sort of behavior is "normal" or "appropriate" for such a long-extinct cousin hominid of ours.

When weighed against the risks and the harm that most likely would be done, it would take a mighty big guarantee of benefit to justify this cloning experiment. I am willing to venture that the possible benefit will never, ever reach the point where this list of horrible likely downsides could be overcome.

Even justifying trying to resurrect a woolly mammoth, or a mastodon, or the dodo bird or any other extinct animal gets ethically thorny. How many failures would be acceptable to get one viable mastodon? Where would the animal live? What would we feed it? Who would protect it from poachers, gawkers and treasure hunters? It is not so simple to take a long dead species, make enough of them so they don't die of isolation and lack of social stimulation and then find an environment that is close enough and safe enough compared with that which they once roamed.

In any event the most interesting aspects of genetic engineering do not involve making humans or Neanderthals or mammoths. They involve ginning up microbes to do things that we really need doing such as making clean fuel, sucking up carbon dioxide, cleaning fat out of our arteries, giving us a lot more immunity to nasty bacteria and viruses and helping us make plastics and chemicals more efficiently and cheaply.

In trying to make these kinds of microbes, you can kill all you want without fear of ethical condemnation. And if the new bug does not like the environment in which it has to exist to live well, that will be just too darn bad.

The ethical challenge of this kind of synthetic biology is that it can be used by bad guys for bad purposes. Biological weapons can be ginned up and microbes created that only infect people with certain genes that commonly associate with racial or ethnic groups.

Rather than worry about what will happen to real estate values should a new crop of "Flintstones" move in down the street, our public officials, religious groups and ethicists need to get serious about how much regulation the genetic engineering of microbes needs, how can we detect what terrorists might try to use, what sort of controls do we need to prevent accidents and who is going to pay if a bug turns out to cause more harm than good.

We love to think that the key to tomorrow lies in what humanity can be designed or empowered to do. Thus, the fascination with human cloning. In reality, at least for a long time to come, the future belongs to what we can do to design and control microbes. That is admittedly duller, but it is far better to follow a story that is true than one such as Neanderthal cloning that is pure, speculative fantasy.

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The opinions expressed in this commentary are solely those of Arthur Caplan.

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Keppel Corp's net profit falls 22% on-year in Q4

SINGAPORE: Falling margins from building oil rigs has hit the bottomline of Keppel Corp.

Net profit for the world's leading rig builder fell 22 per cent on-year to S$305 million in the fourth quarter last year.

Still, full year profit for the conglomerate came in 15 per cent to S$2.24 billion.

Despite lower net profit in the three months ended Dec 31, Keppel Corp still declared a final dividend of 27 cents per share.

As part of its 45th anniversary, Keppel Corp is handing out more goodies to its shareholders.

The company has proposed to distribute one Keppel REIT unit for every five Keppel Corp shares.

That is about 27.4 cents per share based on Keppel REIT's closing price of S$1.37 on Thursday.

Together with the interim dividend of 18 cents, total distribution for 2012 will be 72.4 cents per share.

Keppel Corp said the lower net profit was partly due to lower contributions from its offshore and marine unit.

Offshore and Marine's contribution was 12 per cent lower from a higher base in 2011 when margins were at record highs. It contributes to half of Keppel Corp's net profits.

"Keen rivalry from Chinese and Korean yards have suppressed prices and squeezed margins on newbuilds," said Choo Chiau Beng, chief executive officer at Keppel Corp. "In 2013, we will be completing a record of 22 newbuild units."

Analysts remained upbeat of Keppel's prospects going forward.

They say their financial results still outperformed market expectations.

Keppel Corp expects crude oil prices to stay above US$100 per barrel, supporting the need for more global exploration and production.

But global challenges like the slower US economy and the eurozone crisis from last year will continue to pose uncertainties for Keppel Corp's business.

Keppel Corp's property arm, led by the listed Keppel Land, boosted the group's earnings.

Net profit for the property division was 2.5 times higher than in 2011, offsetting the lower earnings from business in the offshore and marine, and infrastructure.

But Keppel Corp does not expect its property arm to perform better this year.

This is because recognition from sales of completed units at its development Reflections at Keppel Bay is expected to be lower this financial year.

- CNA/xq

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North Korea makes new threats against U.S.

STORY HIGHLIGHTS

• NEW: North Korea is upset by a recent U.N. security council resolution, an analyst says


• Pyongyang says it plans a new nuclear test and further long-range rocket launches


• These are part of an "all-out action" targeting the U.S., it says


• North Korea has conducted two previous nuclear tests, in 2006 and 2009

Seoul, South Korea (CNN) -- North Korea said Thursday that it plans to carry out a new nuclear test and more long-range rocket launches, all of which it said are a part of a new phase of confrontation with the United States.

The North's National Defense Commission said the moves would feed into an "upcoming all-out action" that would target the United States, "the sworn enemy of the Korean people."

Read more: U.N. Security Council slams North Korea, expands sanctions

Carried by the state media, the comments are the latest defiant flourish from the reclusive North Korean regime, whose young leader Kim Jong Un has upheld his father's policy of pursuing a military deterrent and shrugging off international pressure.

The defense commission statement follows a United Nations Security Council resolution on Tuesday that the United States pushed for, condemning a recent recent rocket launch by North Korea and expanded existing sanctions.

Read more: North Korea silences doubters, raises fears with rocket launch

The North's angry statement "should have been the expected outcome" from the U.N. decision, said Daniel Pinkston, senior analyst for the International Crisis Group covering Northeast Asia.

"I think they are completely outraged and insulted by it," he said.

Read more: N. Korea's launch causes worries about nukes, Iran and the Pacific

North Korea, which often issues bellicose statements in its state media, said Thursday that it rejected all Security Council resolutions concerning it.

It described this week's resolution as "the most dangerous phase of the hostile policy toward the DPRK," using the abbreviated version of its official name, the Democratic People's Republic of Korea.

Read more: U.S. official: North Korea likely deceived U.S., allies before launching rocket

Analyst: Threat meant as a deterrence

The threats toward the United States, a constant theme in the North's propaganda, have more to do with deterrence than a desire for full conflict, Pinkston said.

"I don't believe they have the capability, the intention or the will to invade or destroy the United States," he said. "They wish to deter interference from the U.S. or any outside powers."

Read more: North Korea's rocket launches cost $1.3 billion

North Korea's successful rocket launch last month nonetheless changed the strategic calculations for the United States, showing that the North's missile program is advancing despite an array of heavy sanctions imposed on it.

Analysts say it still has a lot of work to do to master the technology necessary to mount a nuclear warhead on missile or accurately target it.

Read more: South Korean officials: North Korean rocket could hit U.S. mainland

At the same time, Pyongyang has been hinting for a while that a new nuclear test could be in the cards.

Just before the North sent out its latest hostile statement Thursday, a U.S. State Department official was telling reporters in Seoul that Washington hoped that Pyongyang wouldn't go ahead.

Read more: Huge crowds gather in North Korean capital to celebrate rocket launch

"We think that that would be a mistake, obviously," said Glyn Davies, the U.S. special envoy on North Korea. "We call on North Korea, as does the entire international community, not to engage in any further provocations."

North Korea has carried out two previous nuclear tests, in 2006 and 2009, both of which were condemned by the U.N.

Pyongyang didn't say Thursday when exactly it would carry out a third test, but it could happen "at any time," according to Pinkston.

He said that it was hard for anybody outside the North Korean nuclear sector to know if the country is technically ready to carry out the test, but that politically, "it seems an appropriate time."

Demands unlikely to sway North

South Korean defense officials said last year that they believed the North had been in a position to carry out a new test whenever leaders in Pyongyang gave the green light.

North Korea's nuclear program is "an element of threat to peace not only for Northeast Asia but also for the world," Park Soo-jin, deputy spokeswoman for the South Korean Unification Ministry said Thursday.

"North Korea should immediately stop its nuclear test and other provocation and should choose a different path by cooperating with the international community," Park said.

That appears unlikely at this stage, though.

After a failed long-range rocket launch in April, North Korea ignored international condemnation and carried out a second attempt last month. That one succeeded in putting a satellite in orbit, Pyongyang's stated objective.

But the launch was widely considered to be a test of ballistic missile technology. And it remains unclear if the satellite, which the North insists is for peaceful purposes, is functional.

Both North Korea's previous nuclear tests took place weeks or months after long-range rocket launches.

Those tests were carried out under the rule Kim Jong Il, the father of the current leader, and the man who channeled huge amounts of money into North Korea's nuclear and missile development programs.

Kim Jong Il died in December 2011 after 17 years in power, during which the North Korean people became increasingly impoverished and malnourished.

Economically, the country relies heavily on trade with its major ally, China.

CNN's K.J. Kwon reported from Seoul, and Jethro Mullen from Hong Kong. CNN's David Hawley in Seoul contributed to this report.

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Polar air mass keeps icy grip on Northeast

PORTLAND, Maine Polar air settled in earnest over the Northeast after trekking through the Midwest, grinding trains to a halt, bursting pipes and bringing further misery to folks still trying to recover from superstorm Sandy.

The coldest temperatures were expected to continue Thursday, after which conditions should slowly moderate before returning to normal, said John Koch, a meteorologist with the National Weather Service regional headquarters in Bohemia, N.Y. For the most part, temperatures have been around 10 to 15 degrees below normal, with windy conditions making it feel colder, he said.

The Canadian air mass that arrived in the Upper Midwest over the weekend prompted the National Weather Service to issue wind chill warnings across upstate New York and northern New England.

In a storm-damaged neighborhood near the beach on New York City's Staten Island, people who haven't had heat in their homes since the late October storm took refuge in tents set up by aid workers. The tents were equipped with propane heaters, which were barely keeping up with the cold, and workers were providing sleeping bags and blankets for warmth.

The temperature was expected to dip to around 11 degrees before dawn Thursday.

Play Video

Sandy victims left in the cold

Anthony Gambino has been sleeping in one of the tents off and on since Sandy severely damaged his home, CBS News correspondent Elaine Quijano reports. The former mechanic lives on disability.

"Next week they're talking about getting warmer, but let's face it, we're going into February," said Gambino. "February is unpredictable. March is unpredictable. We may get worse. We may get better. Who knows? Right now, we gotta deal with the moment, and the moment is bad."

The University of South Dakota in Vermillion offered a third consecutive night of free hotel rooms to 500 students who had to leave when a water pipe froze over an electrical room and damaged components. The cold also caused circuit problems on the Metro-North railroad serving areas north of New York City, creating rush-hour delays that were resolved by late Wednesday morning.

In northern New Hampshire, a man who crashed his snowmobile while going over a hill on Tuesday and spent a "bitterly cold night" injured and alone on a trail died on Wednesday, the state's Fish and Game Department said. Friends who went looking for John Arsenault, of Shelburne, when he didn't show up for work found him unconscious Wednesday morning, and he died later at a hospital, authorities said.

In Pennsylvania, officials at a park on Lake Erie warned visitors to stay off hollow "ice dunes" forming along the shore because of the danger of frigid water underneath. A ski resort in New Hampshire shut down Wednesday because of unsafe ski conditions: a predicted wind chill of 48 degrees below zero.

In northern Maine, the temperature dipped to as low as 36 below zero Wednesday morning. The weather service was calling for wind chills as low as minus 45.

Keith Pelletier, the owner of Dolly's Restaurant in Frenchville, said his customers were dressed in multiple layers of clothing and keeping their cars running in the parking lot while eating lunch. It was so cold that even the snowmobilers were staying home, he said.

"You take the wind chill at 39 below and take a snowmobile going 50 mph, and you're about double that," he said. "That's pretty cold."

For Anthony Cavallo, the cold was just another in a litany of big and small aggravations that began when superstorm Sandy swept through his Union Beach, N.J., neighborhood and flooded his one-story house with 4 1/2 feet of water.

Still waiting for the go-ahead to rebuild, Cavallo and his family have been living in a trailer they purchased once it became clear they couldn't afford to rent.

Wednesday's frigid temperatures temporarily froze the trailer's pipes, which Cavallo's 14-year-old daughter discovered when she tried to take a shower at 4:30 a.m. Cavallo spent the morning thawing out the pipes and stuffing hay under the trailer to help insulate them.

"Every day it's something, whether it's frozen pipes or getting jerked around for two months by insurance companies," the 48-year-old security system installer said. "I just kind of want to wake up one day and have no surprises."

In New York City, food vendor Bashir Babury contended with bone-numbing cold when he set up his cart selling coffee, bagels and pastries at 3 a.m. Wednesday. On the coldest of days, he wears layers of clothing and cranks up a small propane heater inside his cart.

"I put on two, three socks, I have good boots and two, three jackets," he said. "A hat, gloves, but when I'm working I can't wear gloves."

A little cold air couldn't keep Jo Goodwin, of Bridgewater, N.H., off the slopes at Sugarloaf ski resort in Carrabassett Valley, Maine, where she was skiing Wednesday with her husband and her sister. The snow conditions were great, and there were no lift lines.

To keep warm, she uses a toe warmer, a hand warmer, a face mask, extra underwear and an extra wool sweater. She was told the wind chill was minus 30 midway up the mountain and 50 below zero near the top.

"Sometimes," she said, "it's better not to know."

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N. Korea Vows More Nuke Tests Targeting U.S.

In a bellicose statement singling out the United States as the "sworn enemy" of the Korean people, North Korea today announced plans for a third nuclear test and continued rocket launches.

The move is seen as a disappointment to those who hoped the country's new leader, Kim Jong-Un, might take a less aggressive path than his predecessor and father, Kim Jong-il.

It is also seen as a direct challenge to President Obama and South Korea's newly elected president, Park Geun-hye, who takes office next month.

The statement from North Korea's National Defense Commission read:

"Settling accounts with the U.S. needs to be done with force, not with words as it regards jungle law as the rule of its survival."

North Korea Launches Missile After 4 Failed Attempts Watch Video

The renewed threats come in response to the U.S. backed resolution tightening sanctions against North Korea after its December rocket launch.

At that time, North Korea repeatedly insisted that the launch was simply part of its peaceful space program. The recent statement made no mention of that.

It read: "We are not disguising the fact that the various satellites and long-range rockets that we will fire and the high-level nuclear test we will carry out are targeted at the United States."

South Korean officials analyzed debris from the December launch that, they say, indicates North Korea built and tested crucial components for a missile that can fly further than 6,200 miles.

Analysts say that preparations at the Pungyee test site in northeastern North Korea are underway and that a new underground test could take place on short notice.

Within the international monitoring community it is not believed that North Korea currently has the capability to launch a long-range rocket with the capacity to reach the United States or the technology to mount a nuclear warhead on a long-range missile. But the U.S. is not pleased with North Korea's plans. Glyn Davies, the top U.S. envoy to the region, said in Seoul, "We hope they don't do it. We call on them not to do it."

China, North Korea's main ally in the region, is also urging restraint. China backed the U.S. resolution at the United Nations and today the Foreign Ministry cautioned North Korea not to take further steps to increase tension.

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2013 could be 'climate game-changer'

An ice sculpture entitled 'Minimum Monument' by Brazilian artist Nele Azevedo outside Berlin's Concert Hall, September 2, 2009.

STORY HIGHLIGHTS

• The "neglected" risk of climate change seems to be rising to the top of leaders' agendas


• Extreme weather events are costing the global economy billions of dollars each year


• Gas can be an important bridge to a lower carbon future but it's not the answer


• More investment in renewable energy is needed, with fewer risks

Editor's note: Andrew Steer is President and CEO of the World Resources Institute, a think tank that works with governments, businesses and civil society to find sustainable solutions to environmental and development challenges.

(CNN) -- As leaders gather for the World Economic Forum in Davos, signs of economic hope are upon us. The global economy is on the mend. Worldwide, the middle class is expanding by an estimated 100 million per year. And the quality of life for millions in Asia and Africa is growing at an unprecedented pace.

Threats abound, of course. One neglected risk -- climate change -- appears to at last be rising to the top of agendas in business and political circles. When the World Economic Forum recently asked 1,000 leaders from industry, government, academia, and civil society to rank risks over the coming decade for the Global Risks 2013 report, climate change was in the top three. And in his second inaugural address, President Obama identified climate change as a major priority for his Administration.

Andrew Steer

For good reason: last year was the hottest year on record for the continental United States, and records for extreme weather events were broken around the world. We are seeing more droughts, wildfires, and rising seas. The current U.S. drought will wipe out approximately 1% of the U.S. GDP and is on course to be the costliest natural disaster in U.S. history. Damage from Hurricane Sandy will cost another 0.5% of GDP. And a recent study found that the cost of climate change is about $1.2 trillion per year globally, or 1.6% of global GDP.

Shifting to low-carbon energy sources is critical to mitigating climate change's impacts. Today's global energy mix is changing rapidly, but is it heading in the right direction?

Coal is the greatest driver of carbon dioxide emissions from energy, accounting for more than 40% of the total worldwide. Although coal demand is falling in the United States -- with 55 coal-powered plants closed in the past year -- it's growing globally. The World Resources Institute (WRI) recently identified 1,200 proposed new coal plants around the world. And last year, the United States hit a record-high level of coal exports—arguably transferring U.S. emissions abroad.

Meanwhile, shale gas is booming. Production in the United States has increased nearly tenfold since 2005, and China, India, Argentina, and many others have huge potential reserves. This development can be an economic blessing in many regions, and, because carbon emissions of shale gas are roughly half those of coal, it can help us get onto a lower carbon growth path.

However, while gas is an important bridge to a low carbon future—and can be a component of such a future—it can't get us fully to where we need to be. Greenhouse gas emissions in industrial countries need to fall by 80-90% by 2050 to prevent climate change's most disastrous impacts. And there is evidence that gas is crowding out renewables.

Renewable energy -- especially solar and wind power -- are clear winners when it comes to reducing emissions. Unfortunately, despite falling prices, the financial markets remain largely risk-averse. Many investors are less willing to finance renewable power. As a result of this mindset, along with policy uncertainty and the proliferation of low-cost gas, renewable energy investment dropped 11%, to $268 billion, last year.

What do we need to get on track?

Incentivizing renewable energy investment

Currently, more than 100 countries have renewable energy targets, more than 40 developing nations have introduced feed-in tariffs, and countries from Saudi Arabia to South Africa are making big bets on renewables as a growth market. Many countries are also exploring carbon-trading markets, including the EU, South Korea, and Australia. This year, China launched pilot trading projects in five cities and two provinces, with a goal of a national program by 2015.

Removing market barriers

Despite growing demand for renewable energy from many companies, this demand often remains unmet due to numerous regulatory, financial, and psychological barriers in the marketplace.

In an effort to address these, WRI just launched the Green Power Market Development Group in India, bringing together industry, government, and NGOs to build critical support for renewable energy markets. A dozen major companies from a variety of sectors—like Infosys, ACC, Cognizant, IBM, WIPRO, and others— have joined the initiative. This type of government-industry-utility partnership, built upon highly successful models elsewhere, can spur expanded clean energy development. It will be highlighted in Davos this week at meetings of the Green Growth Action Alliance (G2A2).

De-risking investments

For technical, policy, and financial reasons, risks are often higher for renewables than fossil-based energy. Addressing these risks is the big remaining task to bring about the needed energy transformation. Some new funding mechanisms are emerging that can help reduce risk and thus leverage large sums of financing. For example, the Green Climate Fund could, if well-designed, be an important venue to raise funds and drive additional investments from capital markets. Likewise, multi-lateral development banks' recent $175 billion commitment to sustainable transport could help leverage more funds from the private and public sectors.

Some forward-looking companies are seeking to create internal incentives for green investments. For example, companies like Unilever, Johnson & Johnson, and UPS have been taking actions to reduce internal hurdle rates and shift strategic thinking to the longer-term horizons that many green strategies need.

Davos is exactly the type of venue for finding solutions to such issues, which requires leadership and coalition-building from the private and public sectors. For example, the the G2A2, an alliance of CEOs committed to addressing climate and environmental risks, will launch the Green Investment Report with precisely the goal of "unlocking finance for green growth".

Depending on what happens at Davos—and other forums and meetings like it throughout the year—2013 could just be a game-changer.

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The opinions expressed in this commentary are solely those of Andrew Steer.

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Japan presses Algeria for answers as toll hits nine

ALGIERS: A senior Japanese official met Algeria's prime minister on Wednesday to press for an explanation of the gas plant siege, as Tokyo confirmed the deaths of two more nationals, taking its toll to nine.

Senior Vice Foreign Minister Shunichi Suzuki arrived aboard a government jet that is to repatriate the bodies of those known to have been killed in the hostage crisis, along with the seven Japanese who survived.

Tokyo announced late Wednesday that it knew for sure that nine Japanese were killed after Islamist gunmen overran the desert facility. One Japanese citizen remains unaccounted for.

"Unfortunately, we have been able to confirm two more deaths," said Chief Cabinet Secretary Yoshihide Suga. "The Japanese government expresses sincere condolences to the families and people concerned."

"The use of violence cannot be tolerated for any reason. We firmly condemn acts of terror," he said adding the government would do its utmost to confirm the fate of the final missing person.

Seventeen Japanese were at the facility in In Amenas when jihadists struck last Wednesday at the start of a four-day siege that left dozens of foreigners dead. Seven of them made it to safety.

Suzuki carried a letter to Algerian President Abdelaziz Bouteflika from Japan's Prime Minister Shinzo Abe, Suga told reporters in Tokyo earlier.

As well as Prime Minister Abdelmalek Saleki, Suzuki also met Foreign Minister Mourad Medelci, Japan's Kyodo News reported, citing Tokyo's foreign ministry.

Japan has asked Algeria to fully investigate events at the gas plant and exactly how individuals died, Suga said in Tokyo.

"Algeria has promised to cooperate as much as possible," he said.

Algeria has said 37 foreigners of eight different nationalities and an Algerian were killed in the siege, which ended on Saturday.

Several people are still missing and the bodies of others are so badly charred that they have not been identified.

Wednesday's visit came as it emerged that Britain, Japan, the United States and other countries whose nationals were caught up in the events at the In Amenas plant issued a joint demarche to Algeria last Friday.

A demarche is a formal diplomatic move in which a country's stance is conveyed in person -- rather than by note -- to another government.

In a conference telephone call, vice foreign minister Minoru Kiuchi told foreign minister Medelci that Tokyo wanted Algiers to do all it could to protect captives.

"Japan is strongly concerned about acts that put the lives of the hostages at risk, and it is regrettable that the Algerian government pressed military rescue operations," he said, according to the foreign ministry.

Japan was among the more forthright of nations as the hostage crisis unfolded, summoning Algiers' ambassador to demand answers and to push for military restraint as armed forces surrounded the plant.

The Japanese plane's arrival in Algiers came as Tokyo announced it was shutting its embassy in neighbouring Mali, evacuating staff and urging its nationals there to leave because of the deteriorating security situation.

The kidnappers claimed they launched their attack in protest at Algeria's complicity in a French military campaign against Islamists in Mali.

The Japanese death toll in Algeria -- the highest in a terror attack since Al-Qaeda crashed airliners into New York's Twin Towers when 24 Japanese died -- has shaken a country not accustomed to its citizens being made targets abroad.

There has been blanket media coverage of events half a world away and anguished demands for more to be done to protect Japanese working in trouble spots, including beefing up spy networks.

Kyodo on Wednesday said Suga indicated Tokyo's willingness to consider increasing the number of defence attaches at Japanese embassies to strengthen the country's ability to gather information.

"I am aware of the need. We need to think about the most effective (crisis-response) measures," Suga said.

-AFP/ac

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British PM promises EU referendum

British Prime Minister David Cameron delivers his speech on the UK's relationship with the EU on Wednesday in London.

STORY HIGHLIGHTS

• NEW: "We want to see a strong British voice in the EU," a U.S. diplomat says


• Cameron sets out options in a landmark speech on Britain's future in the European Union


• He wants a vote on Britain remaining in the EU on renegotiated terms -- or leaving


• France's foreign minister says a referendum risks being dangerous for Britain

London (CNN) -- British Prime Minister David Cameron promised Wednesday that a vote will be held on Britain's membership in the European Union if his party wins the next election, in 2015.

Should Britain stay in the EU? What would the impact be if it left? Send us your thoughts.

Cameron said the British people should have a choice about whether to remain in the EU on the basis of a renegotiated settlement -- or to leave.

The referendum should not be held until it's clear how changes made after the crisis in the eurozone work out, he said, while giving a landmark speech on Europe.

But, he said, it is important to ask "difficult questions" about the future now. Otherwise, British people could "drift towards the exit" if Europe fails.

The key problems Europe faces are instability in the eurozone, a "crisis of European competitiveness as other nations across the world soar ahead," and a lack of democratic accountability, Cameron said.

"There is a gap between the EU and its citizens which has grown dramatically in recent years," he said.

As a result, "democratic consent for the EU in Britain is now wafer thin," he said, and public disillusionment is at an all-time high.

"It is time to settle this European question in British politics," he said. "I say to the British people: This will be your decision."

UK warned against 'cherry-picking' EU policy

The British prime minister insisted that he is not an isolationist, saying he would like Britain to remain part of Europe on the right terms, with the single market and competitiveness at the heart of the relationship.

And he set out a vision for an "updated" European Union that is "more flexible, more adaptable, more open, fit for the challenges of the modern age" -- and said all options should be on the table to negotiate a new deal.

He also warned that leaving the European Union would be a "one-way ticket" with no option of return.

"Over the coming weeks, months and years, I will not rest until this debate is won -- for the future of my country, for the success of the European Union and the prosperity of our peoples for generations to come," he concluded.

Cameron promised a vote in the first half of the next parliament, if his party -- which is currently in a coalition government with the Liberal Democrats -- wins the general election due in 2015.

The prime minister has been under concerted pressure from some members of his party to hold a referendum on Europe. The so-called Eurosceptics want to see certain powers repatriated from the EU to Britain and a reduction in legislation they say holds back businesses.

However, others both in and outside the party warn that creating uncertainty about Britain's membership in the European Union risks undermining the confidence of businesses and industry at a critical time.

Fellow European nations may also be unwilling to renegotiate the terms of Britain's membership.

France and others have made it clear that Cameron cannot "cherry-pick" which elements of the European Union he signs up to, or risk unraveling the union to suit British interests.

French Foreign Minister Laurent Fabius told radio station France Info that the planned referendum "risks being dangerous for Britain itself because Britain outside of Europe, that will be difficult."

If Britain did decide to leave the European Union, France would roll out the red carpet for business leaders, Fabius added.

Former Belgian Prime Minister Guy Verhofstadt warned against trying "hold the EU to ransom."

Verhofstadt, who leads the Alliance of Liberals and Democrats for Europe in the European Parliament, said Cameron's speech was "filled with inconsistencies" and showed "a degree of ignorance about how the EU works."

New year, same old problems?

"By holding out the prospect of renegotiating the terms of Britain's membership of the EU and subjecting it to a referendum, David Cameron is playing with fire," he said.

U.S. President Barack Obama last week told Cameron that "the United States values a strong UK in a strong European Union."

And Philip Gordon, the U.S. assistant secretary for European affairs, also made it clear that there would be consequences for Britain if it either left the EU or played a lesser role in Brussels.

"We have a growing relationship with the EU as an institution, which has an increasing voice in the world, and we want to see a strong British voice in that EU," he told reporters at the U.S. Embassy in London.

"That is in America's interests. We welcome an outward-looking EU with Britain in it."

Markets across Europe were flat Wednesday morning after Cameron's speech, including in London.

Labour leader Ed Miliband said ahead of Cameron's address that it would "define him as a weak prime minister, being driven by his party, not by the national economic interest."

Miliband said Tuesday that Cameron had rejected the idea of an "in/out" referendum on Europe in October 2011 because of the doubts it would foster.

"The only thing that has changed since then is he has lost control of his party and is too weak to do what is right for the country," Miliband said.

"Everyone knows that the priority for Britain is the jobs and growth that we need. We have had warning after warning from British business about the dangers of creating years of uncertainty for Britain."

Cameron's Conservative Party faces a growing domestic political threat from the UK Independence Party, or UKIP, which wants Britain to withdraw fully from the EU.

UKIP leader Nigel Farage, who is also a member of the European Parliament, said Cameron's speech Wednesday had "defined the national debate about our place in the European Union. No longer can the case for British withdrawal be confined to the margins. The genie is out of the bottle."

But Farage questioned whether Cameron is truly committed to reclaiming powers from the European Union, or is just seeking to win votes.

Daniel Wilsher, an expert in EU law at City University London, said Cameron will need to come up with "some convincing bargaining chips" if he wants to persuade other EU members to negotiate a new deal.

Cameron's threat to wield Britain's veto over treaty changes to deepen ties within the eurozone will not be enough, Wilsher said.

The British prime minister also focused on the importance of the single market, Wilsher said, but membership in this is tied to EU rules regarding workers' rights, consumer safety and environmental protection.

To opt out of certain laws, such as the EU directive on working hours, "is legally difficult and would disturb a premise of the single market," he said. "Overall, it would be very hard to change the fundamentals without allowing every country to pick on its own pet hates."

President of the European Parliament Martin Schulz had a similar view, tweeting: "#Cameron's Europe a la carte not an option. We have to focus on jobs & growth rather than getting lost in treaties discussions."

Cameron was due to give the speech on Europe last week but had to postpone its delivery because of the Algerian hostage crisis.

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Should Britain stay in or leave the European Union? What would be the impact on you or your country if it left? Add your thoughts in the comments section below.

CNN's Claudia Rebaza contributed to this report.

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