Word: dealings
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...showed there was appetite from investment banks to buy these credits." Merrill Lynch calls Ulu Masen "the world's first commercially financed avoided deforestation project." Money has been followed by political muscle: a year later, Arnold Schwarzenegger of California, along with the governors of Wisconsin and Illinois, signed a deal committing the state to finding ways to incorporate forest credits within U.S. carbon-trading systems. Ulu Masen is expected to generate $26 million in carbon credits in its first five years...
...signed a historic peace deal with the Indonesian government in 2005, in the wake of the devastating Indian Ocean tsunami, which claimed about 160,000 lives in Aceh alone. Today, Aceh's governor is a tsunami survivor and former GAM rebel called Irwandi Yusuf, whose background seems tailor-made for REDD: he was trained as a veterinarian and once worked for FFI. "He's one of the few Indonesian politicians who gets it," says Linkie. "He's thinking way beyond his five-year electoral term." In June 2007 Irwandi banned commercial logging in his province, "an unprecedented environmental...
...week after the 2005 peace deal was signed, Kamarullah emerged from the jungle to rejoin his family, but struggled to support them until joining the rangers. In GAM, he says, "we had an ideology and a purpose." With the rangers, this expert navigator with an intimate knowledge of the area now feels like he is fighting for his homeland again. "I want to protect the animals," he says. "I'm worried they're dying out. We used to find deer near the village, but now they're gone." Still, the rangers are having an impact. "Before, there were maybe...
...Economic Cooperation summit that it will aim to build political consensus, paving the way for concrete steps. The biggest challenge will be aligning the interests of developing and industrialized nations: the U.S., among others, argues that because emerging powers like China and India are among the largest emitters, any deal that excludes them--as did the Kyoto Protocol, which expires in 2012--will be inadequate...
...didn't like the version of her that her handlers put forth. The botched rollout of her daughter's pregnancy, her getting pranked by a Canadian DJ pretending to be Nicolas Sarkozy, the campaign-wardrobe bills--blame it all on Schmidt and the stuffed shirts. They couldn't deal with the rogue...