Word: carbonated
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Dates: during 2000-2009
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...This unusual international collaboration is not solely aimed at reducing carbon emissions and husbanding the planet's resources, although hammering out a united front among Asia's top industrialized nations for the Copenhagen climate conference in December is one of the professed goals. It's really a hardheaded, shrewd initiative to marry Japanese and South Korean high technology with China's manufacturing prowess, massive domestic market and bulging foreign-currency reserves - thus creating a formidable player in a postcrisis, low-carbon world...
...What is becoming clear is that the fossil-fuel-fed industrial era is ending and that the leading power of that age, the U.S., might not be able to maintain its economic dominance. New Energy Finance, a provider of information and analysis on low-carbon technologies, estimates that investment in clean energy in Europe last year reached nearly $50 billion. The figure for North America is a much lower $30 billion. (Read more about the green-energy ideas out there...
...Above all, East Asians appear more committed to a green agenda than Americans. South Korea has adopted "low-carbon green growth" as its new national vision and will spend $40 billion over four years to transform its industrial policy into "a new paradigm of qualitative growth which uses less energy and is more compatible with environmental sustainability," in the words of Prime Minister Han Seung Soo, whose previous job was special envoy on climate change for the U.N. Secretary-General...
...Will East Asia win the green race? The Europeans, who are leading the way on carbon-trading, are very much in the game, particularly in recycling and solar and wind power. Japan, China and South Korea also have some delicate issues to settle. One of the most contentious is likely to be intellectual-property protection, which is not particularly strong in China. And the U.S. may still be a contender. Sputnik sparked an extraordinary American effort that culminated in Neil Armstrong's 1969 moon walk, which sealed the U.S.'s supremacy in space. Last month, Washington launched a $25 billion...
...East Asia's bid for economic leadership in the low-carbon age may push the Americans - and certainly the Europeans - to intensify their engagement with green technologies. The space race spawned a lot of the advances in technology that we take for granted today. The green race may do the same thing for low-carbon products and processes - and in this competition, the world stands to be the real winner...