Word: capping
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...famed "Cap" Anson created a furor by taking his Chicago baseball team (including Evangelist Billy Sunday) to Hot Springs, Ark., to get ready for the opening of the season. Since then, spring training has been a baseball institution. Main purpose of spring training is not to recondition baseballers but to recondition baseball addicts, by reminding them that a new season is about to start, reviving their interest in the game. By last week, baseball addicts had had six weeks of training-camp news to assure them that the 1937 major-league season would start in Boston (Bees v. Phillies...
...cities have signed the U.S. Mayors Climate Protection Agreement, pledging, among other things, that they will meet the Kyoto goal of reducing greenhouse-gas emissions in their cities to 1990 levels by 2012. Nine eastern states have established the Regional Greenhouse Gas Initiative for the purpose of developing a cap-and-trade program that would set ceilings on industrial emissions and allow companies that overperform to sell pollution credits to those that underperform-- the same smart, incentive-based strategy that got sulfur dioxide under control and reduced acid rain. And California passed the nation's toughest automobile- emissions law last...
Capitalism is nothing if not adaptive, and its champions have responded to global warming with a market-based solution that provides polluters with a profit incentive to mend their ways. It's called cap and trade, and it is the mechanism behind the so-called carbon markets spawned by the Kyoto Protocol. Firms in developed countries that pump out more CO2 than they are allowed under limits imposed by Kyoto are required by the protocol to offset that pollution by buying credits on the carbon market. Those that cut CO2 emissions below their allowance or help polluters in developing nations...
...move that strikes Pavley as particularly wrong-headed. "This is off-the-shelf technology that automakers are already using in Europe," she says. Meanwhile, she?s already moved on to a new front: her latest bill would require power plants, oil refineries and factories to measure, and eventually cap, their greenhouse-gas emissions...
...following a path already established by Motech, which rose 130% on Taiwan's small-cap bourse last year, outstripping other pure-play solar manufacturers such as Germany's SolarWorld (up 61% last year). Sino-American was another spectacular winner: its share price trebled last year on the back of a shortage in silicon wafers...