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...page bill, known as the American Clean Energy and Security Act, would give away carbon credits to energy aggregators, producers, refiners and others - a financial boon worth more than $600 billion - to help offset costs for consumers. The Administration initially envisioned auctioning off the credits to raise money for green jobs and other Obama priorities, but that idea was met with stiff resistance from the business community...

Author: /time Magazine | Title: Global-Warming's Rough Ride Through Congress | 6/26/2009 | See Source »

...East Asia's bid for economic leadership in the low-carbon age may push the Americans - and certainly the Europeans - to intensify their engagement with green technologies. The space race spawned a lot of the advances in technology that we take for granted today. The green race may do the same thing for low-carbon products and processes - and in this competition, the world stands to be the real winner...

Author: /time Magazine | Title: Asia Challenges the U.S. for Green-Tech Supremacy | 6/25/2009 | See Source »

...moment, the ancient Treebeard bears Pippin through the forest, and the hobbit asks, "And whose side are you on?" Those of us watching already know the answer: Mousavi! Treebeard is decked in green, after...

Author: /time Magazine | Title: Watching The Lord of the Rings in Tehran | 6/25/2009 | See Source »

...most treacherous government is Britain," Ayatullah Ali Khamenei, the Supreme Leader of the Islamic Republic of Iran, intoned at Friday prayers on June 19, and I had to laugh. The Supreme Leader, in the midst of announcing a crackdown on the Green Revolution demonstrators, was sounding like the lead character in the most famous contemporary Iranian novel, My Uncle Napoleon, a huge hit as a television series in the 1970s. Uncle Napoleon is a beloved paranoid curmudgeon, the Iranian Archie Bunker. He blames everything - the weather, the economy, the moral vagaries of his family - on the British. This has been...

Author: /time Magazine | Title: Can the U.S. Deal with a Divided Iran? | 6/25/2009 | See Source »

...Khamenei's old colleagues consider this a perversion of the role of Supreme Leader - and perhaps the last best hope of the Green Revolution demonstrators was that Rafsanjani, the most powerful of the dissidents, could persuade the Assembly of Experts, which appoints and can dismiss Supreme Leaders, to take action against Khamenei. Various U.S. government sources told me they believe that the Experts are divided: one-third supporting Rafsanjani, one-third supporting the Supreme Leader, one-third undecided. It is likely that the Experts will follow the wind, unwilling to challenge the government unless the situation in the streets becomes...

Author: /time Magazine | Title: Can the U.S. Deal with a Divided Iran? | 6/25/2009 | See Source »

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