The global financial turmoil has come with a lot of bad news. Many of the big banks are going bankrupt. The consumption is reducing,which in turn reduces the production and hence the growth. Economies all over the world will grow slowly than before. A lot of job cuts, unemployment etc. But there is one good news also. The global warming is likely to slow down. Since people are left with less money to spent, they are likely to burn less of fossil fules. Burning less of fossil fules means slow down in global warming.
Is wlobal warming directly proportional to global economic growth, well i think so, unless we depend only on clean sources of energy like nuclear energy, solar energy, wind energy, etc.