Word: globalization
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Dates: during 2000-2009
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...streets weren't the only place hit by gridlock. Negotiations over a new global climate-change treaty to replace the expiring and flawed Kyoto Protocol - meant to culminate at the U.N. climate-change summit in Copenhagen at the end of the year - have all but ground to a halt in recent months. Despite the election of U.S. President Barack Obama, who pledged to reverse eight years of climate inaction by former President George W. Bush's Administration, developed and developing nations remain gridlocked over who should be cutting carbon emissions - and who should be paying for it. Yvo de Boer...
...When the session ended several hours later, Ban struck a more optimistic note, telling delegates at the U.N. that "momentum had shifted for a global deal in Copenhagen." But the truth is that there remains a great deal of uncertainty that needs to be cleared up between now and December. No one expected a one-day meeting in the U.N. to solve global warming. But Ban's conference did provide some clues about where global climate-change policy is heading and which countries will be taking the lead...
...China to make their own moves on climate change, which sounded a little hypocritical after years of American foot-dragging. "It was great to have a visionary speech with the right word from Obama," says Steve Howard, the CEO of the Climate Group, an international nonprofit group focused on global warming. "But with so little time left, we needed more substance...
...emissions cuts that have no support at home. That means Obama has to wait for Congress to act - and although the House passed a carbon cap in June, there's little chance of the Senate acting on the bill before the end of the year. That leaves Obama - and global climate negotiations - at the mercy of U.S. lawmakers. "We want a comprehensive package, and we're doing everything we can to make that happen," said Obama's climate-change czar Carol Browner. But right now the ball is in Congress's court...
...Business: Moving Ahead Big business is often characterized by many climate-change activists as the bad guy. But while politicians, especially those in the U.S., have been slow to grapple with global warming, many corporations have been moving ahead on their own. They're cutting carbon emissions at rates higher than any government and improving energy efficiency for the sake of their own profits. "Businesses need to deal with climate change, and they need regulatory certainty and simplicity from governments," says Charles Holliday, the chairman of DuPont...