Word: co2
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Dates: during 2000-2009
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...payments. These are payments made by those who want to reduce their emissions to others whose efforts, like planting trees, will do it for them. These offsets can now be bought and sold in a global market that seeks out the lowest cost and most efficient ways of reducing CO2 in the atmosphere. In the absence of such payments, the poor of the developing world will have no choice but to exhaust the land and become environmental migrants...
...implications of this, combined with desertification, species extinction and accelerated climate change from the release of carbon stored in forests, are all too clear. Unfortunately, the E.U. and the Kyoto CO2 trading systems effectively exclude forest carbon offsets because regulators and politicians became captives of the anticapitalist NGO community and their own native suspicion of free markets. This is both perverse, as it makes it harder and more expensive to mitigate climate change, and immoral - because it denies the resources required by the poorest to adapt...
...been announced by banks, investors and private equity alone. Markets respond to policy changes more swiftly, more efficiently and with far greater resources than the public sector. Take the successful efforts to create a market to help mitigate acid rain. The SO2 market in Chicago, the precursor to the CO2 market, illustrates that business responds better than predicted in legislative committee rooms...
...both Europe and the U.S. may be less important than the nation that will soon be the world's top CO2 emitter: China. Cleaning up China is both the biggest challenge to green tech and its biggest opportunity, and venture capitalists are staking their claim, with their investments in green companies in China rising by 147% to $420 million between 2005 and 2006. Much of that money is being channeled into meeting China's ravenous energy needs - especially solar, which already has a homegrown success story in billionaire Shi Zhengrong, founder of Suntech Power. Water conservation and filtering...
...even if the image of European leaders jetting across the continent fades, there are more enduring travel idiosyncrasies in the E.U. The European Parliament, for example, is split between Brussels and Strasbourg. While the Lisbon and Brussels events are estimated to add between 10 and 15 extra tons of CO2 to the E.U.'s carbon footprint, around 20,000 tons are produced every year by the Parliament's commissioners, officials and aides journeys back and forth to Strasbourg...