Word: coaling
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There are millions of reasons to think Congress won't do much about global warming, all stockpiled in the lobbying budgets of the U.S.'s mightiest interest groups--automakers and other manufacturers, environmentalists, labor unions, farmers, oil companies, coal companies, utilities, the military, antitaxers and so on. A Washington axiom holds that it's always easier to do nothing than to do something. By that standard, tackling climate change, which would affect every industry and every private life, looks almost impossible...
...meet reduction targets in part by trading pollution credits. Critics often dismiss carbon offsets as the green equivalent of religious indulgences, but in fact they stimulate the market-moving entrepreneurs to find dirty plants, clean them up and sell the CO2 reductions. Gore also wants a moratorium on new coal-fired power plants that don't capture and store their carbon emissions and much higher fuel-economy standards for cars. After Gore presented these views on Capitol Hill, critics assailed them as costly, unworkable economy cripplers. His reply: in a few years, when the crisis worsens, these proposals "will seem...
...that it's fair to ask whether Siemens is really a German company anymore. Siemens has businesses in the U.S. ranging from water technologies to medical equipment that employ 104,100 people and generate $31 billion in sales, some 26% of revenue. Asia, where Siemens is building low-emission coal-fired power plants in Shanghai, accounts for 15% of the company's sales. In Europe, excluding Germany, Siemens has 127,400 employees and nearly a third of its sales. Germany accounts for just 19% of sales but 34% of the company's staff...
...reduction in carbon dioxide emissions by 2050, with an auction for the rights to pollute. He believes the auction will raise $30 billion to $40 billion, which he would spend on conservation and renewable-fuel technology. Like Al Gore, he is opposed to the construction of any more coal-fired power plants. Unlike Gore, he is opposed to a carbon tax. But the 80% reduction in carbon emissions, if successful, will cause the same sort of increase in energy prices that a carbon tax might. "It's time we asked Americans to be patriotic about something other than war. There...
...sides - Japan is skeptical of North Korea's intentions - Abe will need to find a positive theme to accentuate. His best bet may be Tokyo's newest foreign policy priority: climate change. On Tuesday, Japan and the U.S. signed a landmark pact that calls for cooperative development on clean coal technology and nuclear power, including Japanese help for the first new atomic power plant in the U.S. in 30 years. Japanese media are also reporting that Abe and President George W. Bush will set a goal to cut half the world's greenhouse gas emissions by 2050. Tokyo hasn...