Word: carbonic
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Dates: during 2000-2009
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Even in Europe, which has been the world's leader in carbon-cutting, some governments appear to be using the financial situation as an excuse to stand down. In March 2007, European Union members pledged to cut greenhouse-gas emissions 20% below 1990 levels by 2020 - but that was back when the Dow was 25% higher than it is today. Several European nations, including big industrial producers like Germany, are now saying the target is unrealistic, and at an E.U. summit on Oct. 16, some Eastern European countries, which are poorer and more dependent on fossil fuels than their neighbors...
...With investors rightly spooked, however, governments on both sides of the Atlantic need to show more leadership. "Seen in the right way, people can learn important lessons from [the crisis]," says Nicholas Stern, the British economist whose 2006 report laid out the financial merits of tackling climate change. "Low carbon growth will be a very important engine of growth over the next 20 years...
...trade system over the past few years should be a clear warning to both candidates that the policy is much better in theory than in practice. In addition, research indicates we need to stabilize emissions over the next half-century. We can’t wait for carbon prices to rise high enough to fund the research for cost-effective alternatives—we need to fund those alternatives today, and we need to fund a lot of them so that the market can decide which new technologies work best for consumers...
...credit, McCain has defied the Republican leadership to advocate for a cap-and-trade system of controlling carbon emissions. But his selection of Sarah Palin as a running mate has destroyed whatever credibility he might have had on this issue. Governor Palin’s energy policy—what little there is of one—largely consists of chanting “drill baby drill” at campaign rallies, a strategy soundly rejected by the U.S. Department of Energy. Even more frightening to us is the Governor’s refusal to acknowledge the scientific consensus...
...Tercentenary Theater’s recent role as a venue for bottomless cider evidences a college constituency obsessed with the environment. Despite the ephemeral fanfare surrounding sustainability at Harvard, the United States will be dependent on carbon-based energy for the foreseeable future. Astronomic gas prices burden the economy, and hostile foreign governments supplying oil hold America hostage. McCain’s agenda would increase domestic drilling capacity, which would increase the oil supply, lowering gas prices and reducing American dependency...