Word: carbonations
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...Bonn talks were the first international meeting to be attended by President Barack Obama's climate negotiators - to the palpable relief of the rest of the world that former President George W. Bush's much maligned team was gone - but on the big questions, including how to address carbon reduction in rich and poor countries, tangible progress remained elusive...
...Developing countries like China pushed wealthier nations to accept tough short-term carbon emission targets, demanding cuts of at least 40% below 1990 levels by 2020. But developed nations demurred, refusing to commit to new cuts now, even though their existing commitments would lead to a reduction of only 4% to 14% below 1990 levels...
...Bonn meetings weren't totally devoid of progress. One of the main questions facing global-climate negotiators is what should be done about tropical deforestation, since the logging and burning of trees is responsible for a fifth or more of global carbon emissions. The current Kyoto Protocol doesn't address the issue, and many - though not all - environmentalists would like to add avoided deforestation to a new global climate deal, allowing rich countries to offset some of their carbon emissions by paying tropical nations to preserve their forests. Although the idea is a controversial one - Greenpeace released a report...
...deeply regressive nature of payroll-taxes has prompted one commentator on the left to propose something far more dramatic than even a payroll-tax sabbatical. Hendrik Hertzberg in The New Yorker has suggested scratching the payroll tax altogether and instead levying a tax on carbon to fund Social Security and Medicare. We would be eliminating a tax on something we wish to encourage, job creation, thereby giving the fruits of their labor to lower- and middle-class workers, while taxing pollution, which we want to discourage. (It should be noted that such a proposal has zero prospects for being considered...
...Maldives Going Green To Survive With his low-lying island nation at risk from rising seas caused by global warming, President Mohamed Nasheed has announced a plan to make the Maldives the world's first carbon-neutral country. Under the plan, the Maldives would generate electricity with wind turbines and solar panels and buy emissions credits from the E.U. to offset air travel for the estimated 600,000 tourists who visit its islands each year...