The fat lady has sung for Vanity Fair’s Green Issue, which, in its three-year life has featured such megastars such as, Leonardo DiCaprio, Madonna and the adorable Knut the polar bear.

A victim of the global financial crisis, Condé Nast, publisher of Vanity Fair, argues that the environment has become so integral to the news agenda that there is no longer a need for a dedicated issue.

“Vanity Fair remains committed to covering the environment, and we’ll spread our coverage throughout the year, instead of relegating the bulk of it to a specific issue” a spokeswoman says.

Some say the move is typical of what’s going on right now – that the environmental crises is taking a back seat to the financial one. With everyone focused on the economy, research firm TNS Media Intelligence reports that media coverage on environmental issues fell by 27 percent in 2008.

Colin Butfield, head of WWF campaigns said, “With so much else going on relating to the global financial crisis, we have been focusing on that of late. It is vital that green living is not treated as a trend that comes and goes, but that it becomes part of the way we live.”

A green Elmo visited the Today Show today to show off his new look. Yes, our friendly red monster ditched his look to adopt a green veneer, all in the name of saving the planet.

After an odd flirtation with host Ann Curry, Elmo stressed the importance of recycling, disposing of trash appropriately and also taught kids how they can make arts and crafts by recycling household objects.

Elmo also pimped his new DVD, Sesame Street: Being Green, which will hit stores April 7 just in time for Earth Day. In the 45-minute show, Elmo stars alongside actor Paul Rudd to help Mr. Earth host Sesame Street’s first Earth-a-Thon.

The 6th Annual Global Green Pre-Oscar Party is happening tomorrow and it promises to not only boast it’s usual fleet of green celebrities but will also seek to generate funds for the Global Green non-profit.

This year’s environmental cause is “Green Schools” and will look to put funding towards the improvement of student health and performance as well as green job creation and the advancement of smart climate solutions.

Last year’s Global Green Pre-Oscar Party raised nearly half a million dollars in donations that went towards the green rebuilding of New Orleans.

This year the usual green celebrities are expected to attend including: Marisa Tomei, Kate Bosworth, Leonardo DiCaprio, Orlando Bloom, Penelope Cruz and Rosario Dawson among others.

Sheryl Crow is slated to perform along with Gavin Rossdale and BlackCowboy.