Word: lowerings
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Officials at the 21-nation energy agency claim that the global recession has the decisive factor in lower gas prices. Put simply, they say, poor economic growth caused a reduction in energy demand. But UIf Lantzke, executive director of the agency, has predicted that the recession must inevitably come to an end, hence causing a sharp increase in gas prices...
...greenhouse gas emitters, rather than auctioned off. The act also allows companies to meet part of their carbon caps using offsets, even as scientists increasingly question the effectiveness of such carbon trading. Both measures are likely to depress the price of carbon over the life of the bill. (The lower the real price of carbon, the less effective any cap-and-trade system will be in stimulating investment in low-carbon technology.) "I'm for the cap," says Peter Barnes, an entrepreneur and activist who supports a system that would auction off all permits and return the revenue to taxpayers...
...world of increasingly constrained fossil fuel supplies, the only way to achieve lower prices will be through new policy that promotes the development of alternative energy - like cap and trade. But figuring out how to assemble a political coalition that understands the argument and shows deep support for climate change action - that will be the real challenge, long after Warner-Lieberman has been sent to the legislative graveyard...
...Medef's conviction that the 2000 law that created the institution should simply be repealed. Most members of France's ruling Union for a Popular Movement (UMP) agree, and have called for the statue to be struck from the books to give companies freedom to work longer hours at lower cost. Earlier in May, UMP president Patrick Devedjian expressed the longing of virtually all French conservatives by "forcefully requesting the definitive dismantlement of the 35-hour week". But in the face of ferocious reaction by labor leaders to that appeal and the applause it drew from UMP members, other conservatives...
...there is another port, across the continent from L.A., where things look a lot different. Stand on River Street in the old Georgia city of Savannah, and the big ships you see squeezing out to sea through the narrow river channel actually float lower than the ones coming in. They're full of exports...