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...Toranagallu illustrates another unintended consequence of the CDM system: it tends to prop up the dirtiest industries in developing countries such as India, essentially allowing the industrialized West to outsource the heavy lifting of greenhouse-gas reduction to the world's poorer nations. "The trouble is the design of the CDM has been to guarantee the cheapest option for the Western countries to balance their carbon books," says Sunita Narain of the Center for Science and Environment in New Delhi. "It's not [just]what is happening in India that is flawed, it is flawed in design...

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

...concerns persist about whether the market is 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...

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

...Though shipping is still the most resource-efficient way to move containers, large ships use some of the dirtiest fuel on the planet. Ships' bunker fuel is a thick, black sludge leftover from the refining process and has about 2,000 times the sulfur of regular diesel fuel. When bunker fuel burns, it releases a host of toxins, including sulfur oxides and nitrogen oxides, that can lead to respiratory problems and acid rain. Now a better understanding of the health impact of shipping and commercial boats - combined with high oil prices and tighter general pollution restrictions - is sparking what could...

Author: /time Magazine | Title: Cleaning Up Polluted Harbors with Greener Ships | 10/28/2009 | See Source »

Hyflux's membrane technology shows that even the dirtiest water can be cleaned. Seawater in Singapore, for instance, is first dosed with acids to adjust alkaline levels and then cleaned of contaminants like oil and grease. The water passes through a sieve of sand that removes silt. Then it is shot through a stringy honeycomb of plastic membranes at high pressure, which "polishes" the water, Ong says. In the case of desalination in Singapore, Ong adds, the water becomes so clean that minerals have to be restored for it to be consumed. In 2008, Hyflux reported net profits...

Author: /time Magazine | Title: Singapore's All Wet | 9/21/2009 | See Source »

...automobile industry, and the pharmaceutical industry. He will invest in research to produce a polished product, and then he will market that product to as large a group of people as possible, ignoring every natural or national boundary. Unpretentious and supremely practical, he will surely engage in the dirtiest of commercial habits: He will spy on his competitors to stay a few steps ahead, fire incompetent employees with alacrity, and invent new business models, all in an effort to capture new market space. It is hard to fathom the ingenuity we would witness if capitalists participated fully...

Author: By Kiran R. Pendri | Title: Futurology 1 | 2/22/2009 | See Source »

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