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The Worldwatch Institute just released its State of the World 2003 report, which indicates that recent technological and social changes provide grounds for optimism about the world's capacity to respond to environmental threats.
The report also points out serious global threats still undermining societies and ecosystems around the world (Malaria, bird extinctions, polluted food, air, and water, growing global rate of ice melt).
According to the report, it seems more likely that sustainable economic growth will emerge from the combined efforts of businesses, citizens’ groups, and local governments than via consensus-based global agreements.