Word: carbonization
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...great fanfare, calling it a "bold and necessary" step and a "victory of the future over the past." He did not mention that the price of getting enough Democrats on board with the legislation was significant compromises of his previous pledges. During the campaign, Obama had proposed auctioning off carbon permits (for companies that weren't yet sufficiently energy efficient) and using that money for other green programs. But the final bill in the House gave 85% of those allowances away to industry. It also dramatically reduced the requirements Obama had originally sought for how much of the nation...
...least seeking to neuter the legislation repeatedly speak about the competitive disadvantage America will suffer if it takes the lead in fossil fuel regulation, particularly in relation to a still developing country but major rival such as China. Yet China, for all its unwillingness to commit to carbon caps, stands poised to seriously outpace us in the global renewable energy market. The Chinese are actively pursuing a beefed up version of what Republicans like to call an all-of-the-above energy policy. Yes, plenty of coal-fired power plants, but also generous emphasis on wind, solar, and nuclear...
...Servicing a billion-plus person domestic market, the Chinese energy industry looks to a future of being both the world’s biggest polluter and source of carbon emissions, as well as the globe’s largest and most mature market for renewable energy. As a result, China could come to dominate the international market for renewables. America, which only very recently ceded the title of “top carbon-emitter” to China after a century of unchallenged dominance, and is still living down the Bush administration’s rejection of the Kyoto treaty...
...government has recently accused Chaudhry of encroaching on its prerogatives. Earlier this month, he struck down a new government "carbon tax" imposed in compliance with IMF demands to phase out fuel subsidies. Zardari responded with a presidential decree that brought the price of gas back...
...laconic Kansas drawl, "Slow down!" to the leaders of his party as they push ahead with a $1 trillion-plus overhaul of the nation's health-care system. Already this year, Moore has supported a huge spending package to stimulate the economy and a bill to cap carbon emissions. That's an aggressive agenda for a Democrat in a Republican-leaning district. As he looks toward 2010, the last thing Moore needs is a revolt of small-business owners. Yet they are among the constituencies targeted to pony up for expanded health coverage through new payroll taxes and a surtax...