Word: globalitis
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...controversy in Toranagallu raises questions about the effectiveness of CDM projects and the wisdom of relying on the carbon market to combat climate change. While carbon trading has helped lower overall global emissions, some argue the CDM system has significant flaws that need to be addressed in Copenhagen. One problem, critics say, is that the mechanism is subject to manipulation and creates undeserving winners. For example, the U.N. body in charge of managing carbon trading reportedly has suspended approvals that would have awarded credits for the construction of dozens of wind farms in China. Projects only qualify for credits...
...meant to create a market-based system to curb global emission of greenhouse gases. To help make this happen, instead of strictly holding countries to their emission reduction commitments under the Kyoto Protocol, it allows companies and countries to continue to pollute if they offset their emissions by purchasing Certified Emissions Reductions (CERs) - each representing 1 ton of carbon - from developing countries -where carbon-reducing modifications to power plants, factories and other facilities would be less costly. This was meant to promote the dispersion of green technology to the developing world, and also give emerging economies like India and China...
...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 chemicals for refrigerators and air conditioners. HFC-23 is 11,700 times more harmful to the atmosphere than carbon dioxide. SRF invested $3 million...
...carbon financial windfall has yet to trickle down to the villagers in Toranagallu, many of whom say life has gotten worse, not better, since the steel mill first arrived. What they don't know is that, like it or not, the global battle against climate change is being fought in their backyard...
...candlelight vigil at Memorial Church, followed by the lighting of the ribbon on Grays and a discussion about gay men’s sexual health in the Brazilian immigrant community, was held as a part of the World AIDS Day celebrations, organized by Queer Students and Allies and Global Health and AIDS Coalition...