Word: carbonization
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...Politicians in Washington are finally getting the message. In December Congress passed an energy bill that requires automakers, for the first time in decades, to boost the gas mileage of the cars they sell and mandates increased use of biofuels. Just as importantly, the legislation calling for carbon-emission caps - co-sponsored by the independent Senator Joseph Lieberman and the Republican Senator John Warner - passed the first hurdle to becoming law. Bush has always opposed mandatory carbon caps and could veto the bill. But with climate change becoming a bigger issue in this year's presidential and congressional elections, even...
...Even if a climate-change bill bogs down in Congress this year, the consensus is that passage of some kind of carbon-capping legislation would likely pass in 2009. That might seem unforgivably late to Europeans, but the effect on stalled international efforts to combat global warming would be enormous. The U.S. could take a leadership position in negotiations, while China and India - which use American inaction as an excuse for their own foot-dragging - would come under greater pressure to control their rapidly increasing greenhouse-gas emissions. "The world conversation will be joined in a very different way," says...
...package sets a framework for national laws that would slash Europe's overall emissions of carbon dioxide by 20% by 2020, compared to 1990 levels, and would ensure that 20% of Europe's energy by then comes from renewable sources like wind, solar and hydroelectric power. "Our proposals should reduce Europe's reliance on imported gas and oil by around 50 billion euros by 2020," explained Barroso. "These are figures with a real impact on our growth and prosperity...
...Energy-intensive sectors such as aluminum, steel and cement have been vocal about their fears that they could lose business to countries with less stringent rules on carbon emissions. As a result, the plan raises the prospect of carbon tariffs on imports from countries that fail to sign up to a global climate change deal, such as the U.S. and China. "We want industry to remain in Europe. We don't want to export our jobs to other parts of the world," Barroso said...
...unlikely to emerge unscathed if and when it becomes law, which even under the most optimistic scenarios won't happen until 2009 at the earliest. But grasping the nettle now could pay off big down the line, Barroso says: "Europe can be the first economy for the low-carbon...