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...certainly possible that moves like Canopy Capital's could begin to generate a real market in the environmental services provided by rain forests. Tropical nations like Brazil and Indonesia, long wary about the impact that international trading could have on their sovereign forests, are beginning to see that markets could be a win-win, allowing them to keep their trees and capitalize on them. For the rest of the world, stopping tropical deforestation is among the most pressing of environmental tasks. Not only would halting deforestation drastically reduce greenhouse gas emissions, it would save the most ecologically diverse and valuable...

Author: /time Magazine | Title: On the Market: a Whole Rain Forest | 3/28/2008 | See Source »

...INDONESIA 1 million Estimated number of Indonesian websites that would be blocked under the country's new law banning pornographic and violent online content 6 years Maximum prison sentence for transmitting such content in Indonesia...

Author: /time Magazine | Title: Verbatim | 3/27/2008 | See Source »

Hidayat Ali's story is one of blackest despair, and unconquerable hope. In late December 2004, the native of Banda Aceh, the capital of Indonesia's Aceh province, withdrew his life savings from the bank - a $40,000 cash payment on a new shop. A few days later, Hidayat was out with his family when he heard news of an earthquake. He rushed home to drop off his family, then went to check on a friend on the other side of town. Minutes later, the waves struck, washing away everything Hidayat held dear: his wife and two children, his house...

Author: /time Magazine | Title: Born Again | 3/27/2008 | See Source »

Backed by billions in investment capital, this alarming phenomenon is replicating itself around the world. Indonesia has bulldozed and burned so much wilderness to grow palm oil trees for biodiesel that its ranking among the world's top carbon emitters has surged from 21st to third according to a report by Wetlands International. Malaysia is converting forests into palm oil farms so rapidly that it's running out of uncultivated land. But most of the damage created by biofuels will be less direct and less obvious. In Brazil, for instance, only a tiny portion of the Amazon is being torn...

Author: /time Magazine | Title: The Clean Energy Scam | 3/27/2008 | See Source »

...calculation: the studies all credited fuel crops for sequestering carbon, but no one checked whether the crops would ultimately replace vegetation and soils that sucked up even more carbon. It was as if the science world assumed biofuels would be grown in parking lots. The deforestation of Indonesia has shown that's not the case. It turns out that the carbon lost when wilderness is razed overwhelms the gains from cleaner-burning fuels. A study by University of Minnesota ecologist David Tilman concluded that it will take more than 400 years of biodiesel use to "pay back" the carbon emitted...

Author: /time Magazine | Title: The Clean Energy Scam | 3/27/2008 | See Source »

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