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...increasing its energy efficiency, reducing the amount of energy required to produce a unit of GDP. Indeed, China's energy efficiency has improved in each of the past two years, a trend likely to continue, because a huge surge in investment in energy-intensive industries like steel and cement in the early part of this decade has run its course. New housing developments all over the country are also far more energy efficient. With that new energy efficiency, Hu said, will come a reduction in China's carbon intensity, the amount of CO2 it emits for every unit...

Author: /time Magazine | Title: Has China Really Gotten Serious About Climate Change? | 9/24/2009 | See Source »

...least likely Senator to help Barack Obama win a major legislative victory, Alabama's Richard Shelby, the ranking Republican on the Senate Banking Committee, would be a fine choice. Once a "boll weevil" Democratic opponent of Bill Clinton, Shelby became a Republican in November 1994, helping the GOP cement its hold on the Senate at a crucial moment. He has had a near perfect record of conservatism on social and foreign-policy issues since then. The tall, drawling former prosecutor questioned Obama's citizenship this past February, and when Treasury Secretary Tim Geithner first unveiled the Administration's sweeping plan...

Author: /time Magazine | Title: On Finance Reform, Obama's Unlikely Partner | 9/14/2009 | See Source »

...American coal-fired power plants produce 130 million tons of fly ash every year. Industry reuses some of it for asphalt, cement, and brick manufacture, but 57 percent of fly ash is disposed of in hundreds of landfills across the country. Astonishingly, the Environmental Protection Agency does not regulate fly ash, which contains arsenic, lead, mercury, and uranium, as a hazardous material. It recommends that coal plants store fly ash in insulation-lined landfills to prevent leakage but has no mandate to actually enforce this suggestion...

Author: By Anthony P. Dedousis | Title: Old King Coal | 8/31/2009 | See Source »

...think tank Bruegel. "A large part of [the reason] companies [are] getting the early contracts today," is down to the "agreements of knowledge and technology transfers that will cost them business tomorrow." Nuclear summer or no, that would mean an even more crowded field. Areva still has time to cement its position at the top. But it had better be quick...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...government similarly hopes to cut the number of major automakers from 14 to 10 and to consolidate the estimated 5,000 cement producers. Such restructuring should leave China with stronger, more stable industries. But the process will be painful. Workers often find themselves with little say in matters and few chances to negotiate for better severance or retraining, says Geoffrey Crothall, spokesman for the Hong Kong-based China Labour Bulletin, a workers'-rights NGO. "Downsizing and consolidation in and of itself is not the problem. It's the way in which that process is undertaken," Crothall says. "What has been...

Author: /time Magazine | Title: How China's Steel Boom Turned Deadly | 7/27/2009 | See Source »

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