Word: globalization
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Black carbon and CO2 each contribute to global warming in different ways. CO2 intensifies the greenhouse effect, allowing sunlight from space to enter through the atmosphere, then trapping the sun's energy as it bounces off the surface of the planet - like a greenhouse. (Of course, without some greenhouse warming, the earth would be a cold, dead place, but too much CO2 accelerates the effect and could make the earth too hot to be habitable. The temperature on Venus, for instance, where the atmosphere is 96% CO2, is over 400°C, or 750°F.) By contrast, black carbon...
...means that biomass-burning and diesel combustion remains prominent. (In developed countries like the U.S., there's much less burning of biomass and any diesel combustion tends to be much cleaner, as the clearing skies over major U.S. cities demonstrate.) Though India is responsible for less than 3% of global greenhouse-gas emissions, according to Ramanathan it is responsible for about 6% of global black-carbon emissions, give or take a significant margin of error. India and other developing countries rightly argue that rich nations are responsible for the majority of carbon already in the atmosphere, and should therefore take...
...mature, developed country, many economists believe it has shortchanged infrastructure investment for decades. It possibly did so again in this year's stimulus package. Just $144 billion of the $787 billion stimulus bill Congress passed earlier this year went to direct infrastructure spending. According to IHS Global Insight, an economic-consulting firm, U.S. spending on transportation infrastructure will actually decline overall in 2009 when state budgets are factored in - this at a time when the American Society of Civil Engineers contends that the U.S. should invest $1.6 trillion to upgrade its aging infrastructure over the next five years...
...Silicon Valley these days "because I believe this is where these new industries will really take shape. China's got the energy, the drive and the market to do it." Isn't that the sort of thing venture capitalists used to say about the U.S.? (See pictures of the global financial crisis...
...probably repeat it in your sleep. President Obama will no doubt make the point publicly when he gets to Beijing: the Chinese need to spend more; they need to consume more; they need - believe it or not - to become more like Americans, for the sake of the global economy...