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...With schemes now proliferating across Indonesia and the globe, the U.N. estimates that REDD revenues could pump up to $30 billion a year into the developing world, promising much-needed revenue at a time when rich nations still haggle over how much money to give poorer countries to help them adapt to climate change. REDD will likely be part of any global climate pact negotiated in Copenhagen. "Everyone has got a lot of hope in REDD," says Joe Heffernan, an expert in environmental markets...
...Politics of Climate Change Greenpeace wants wealthy industrialized nations to pay into a U.N.-run REDD fund that would protect priority areas of deforestation in Indonesia, Congo and the Amazon. A $40 billion - a-year fund "could get us to zero deforestation by 2020 - globally," says Kessler. But will rich nations cough up that much? The U.S., the E.U. and Japan are all "willing to put money on the table" for REDD, he adds. "Just to put it into perspective, $40 billion is about a quarter of what the U.S. gave in bailout funds to one insurance company...
...infrastructure across the western region. This has helped to kick-start growth. So has geography: Xi'an's lack of exposure to crashing global markets means it has barely been singed by the crisis. In fact, the city has benefited. It's received $230 million of Beijing's $585 billion stimulus package, which helped accelerate the construction of a new subway system, highways and other projects. A similar scenario has been playing out in other western China cities like Chengdu and Chongqing. BofA Merrill Lynch Global Research calculates that the GDP of China's western provinces grew...
...Indian government matched that optimism with the grandly named Jawaharlal Nehru National Urban Renewal Mission, which has so far allocated more than $11 billion in long-overdue funds to fix India's cities. The money - for roads, sewer lines and mass-transit systems - comes with some very important strings attached. To get the money, state governments have to devolve more power to cities; and city governance would go hyper-local, giving some control over the spending to new, elected neighborhood councils. (See pictures of the tempestuous Nehru-Gandhi dynasty of India...
...into one of its main manufacturing centers, with almost all of the cars sold to Chinese consumers. Earlier this year, the company launched a $585 million plant expansion to produce another 300,000 cars in Xi'an. In all, domestic investment in the city surged 31% to $8.1 billion in the first three quarters of 2009 from a year earlier. (Read "China: The Road to Prosperity...