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...generating enough highly effective carbon-reducing projects, such as solar power plants and public transit systems - or if it is actually retarding the pace of reducing greenhouse gas emissions by subsidizing the dirtiest industries, which can rather easily and cheaply generate credits because they have the most to clean up and often have the resources to make improvements. Fluorochemical companies in India, for example, have been the biggest generators of CERs for the global market. That's because companies like SRF, a fluorochemical company headquartered outside of New Delhi, emit a gas called HFC-23 during the process of making...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...initiatives are far from malicious in and of themselves. In fact, they might do the perpetually forgotten continent an unprecedented amount of good. Among the tangible benefits of the November deal are $1 billion for small business, massive improvements in African infrastructure, reduced tariffs, construction of 100 clean-energy projects, and sponsorship of programs in health, education, culture, and agriculture. Since 2000, such measures have not only built China political goodwill, they have also expanded the dollar value of Chinese trade with Africa tenfold...

Author: By Karthik R. Kasaraneni | Title: Scrambling in Africa | 12/3/2009 | See Source »

Since the program—financed through surcharges on utilities and electricity usage—was met with such overwhelming demand, Massachusetts officials are preparing a new plan that is expected to be available on Jan. 1. This successor project, dubbed Commonwealth Solar, is the preliminary phase of the clean energy initiative—championed by Gov. Deval Patrick ’78—geared toward achieving 250 megawatts of solar-generating capacity in Massachusetts...

Author: By Nadia L. Farjood, CONTRIBUTING WRITER | Title: State Burns Through Solar Panel Funds | 12/3/2009 | See Source »

...play with, any kind of second stimulus would have to provide a big bang for the buck. House and Senate leaders are looking at combining extensions of unemployment insurance, food stamps and health insurance for recently laid off workers (known as COBRA) with infrastructure investments and money for clean-energy projects. The Obama Administration has resurrected a proposal the President campaigned on: a $3,000 tax credit per new hire for small businesses, an idea that was dropped from the first stimulus because it would've been too easy for employers to manipulate by firing and rehiring workers. House Financial...

Author: /time Magazine | Title: Congress Looks Toward a Jobs Stimulus | 12/3/2009 | See Source »

...make the case that a timeline for transition to Afghan control will have absolutely no leverage in getting Karzai to clean up his act. After all, on the day of Obama's speech, close aides to the Afghan President told the Wall Street Journal that Karzai opposes the surge; why won't he just wait us out? (But there's a counter-counter here as well: Isn't this just posturing? Doesn't Karzai know that without American protection, he could be swinging from a lamppost in Kabul like several of his predecessors?) And as for the argument, made passionately...

Author: /time Magazine | Title: Afghanistan: Can Obama Sell America on This War? | 12/3/2009 | See Source »

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