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...stringent standards. But most Republicans and many Democrats are demanding those potential funds be returned directly to consumers to help offset higher energy bills as utilities pass along to them the cost of modernizing. The Obama plan, however, envisions using 20% of these funds to pay for investments in green technologies and green jobs. "My first priority is that the money goes back to help those who will see their costs increased, whether it's consumers or manufacturers," said Senator Debbie Stabenow, a Michigan Democrat who voted for the amendment Tuesday...

Author: /time Magazine | Title: Congress Launches Opening Gambits on Global Warming | 4/1/2009 | See Source »

...Waxman-Markey bill, known as the American Clean Energy and Security Act, is massive. It includes provisions to require that a quarter of U.S. power production be based on renewable energy by the year 2025; investments to facilitate mounting those new energy sources onto the grid; incentives for green buildings, appliances and vehicles; and an ambitious schedule to reduce greenhouse gases 20% below 2005 levels by the year 2020. The goals are even more ambitious than those in Obama's plan, which calls for only a 14% reduction in the same period - and that may well be the point. While...

Author: /time Magazine | Title: Congress Launches Opening Gambits on Global Warming | 4/1/2009 | See Source »

...Within minutes, we hear the roar of rapids around a bend, and the jade-green Kameng turns into a washing machine tossing us around like dirty socks. Giant boulders rush toward us; the raft bucks and rears in the waves, spinning dangerously on the edge of a giant hole that appears in the water. "Left Forward! Hard!" shouts Eamon Maddocks, our guide, as a wave crashes over the bow, submerging us in a sparkling effervescence, an icy electricity. From far away, I discern Eamon's voice, yelling "Paddle! Paddle!" And I do, furiously...

Author: /time Magazine | Title: White-Water Rafting Among Headhunters | 4/1/2009 | See Source »

...overhaul, a $5.3 billion regeneration of Canning Town and Custom House over the next few years that will provide 10,000 new homes - some on the estate of Calado's - transform the two town centers, and create jobs and community facilities. In a new pink and green building nestled next to the concrete flyover launching traffic into central London, locals can view competing designs for Canning Town's next town center. The building also offers locals help with job searches, skills training and a weekly police surgery...

Author: /time Magazine | Title: G-20 Site: 'A Cesspool, Bubbling with the Foul Products of Decomposition' | 4/1/2009 | See Source »

...Bishopsgate, one of the financial quarter's busiest streets, a separate climate-change protest opted for fun over fracas. Campaigners set up tents, strung bunting and danced to salsa music. Emerging from his purple and green domed tent, 19-year-old student Charlie Game said "something big, visual and positive" was the best way to get politicians to face up to the issue. But while he hoped that he and his friends would be allowed to camp out for a while, he "didn't want to cause much trouble." But trouble is what protesting is often about in London...

Author: /time Magazine | Title: The London Protests: Less Violence, More Street Party | 4/1/2009 | See Source »

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