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...controversy in Toranagallu raises questions about the effectiveness of CDM projects and the wisdom of relying on the carbon market to combat climate change. While carbon trading has helped lower overall global emissions, some argue the CDM system has significant flaws that need to be addressed in Copenhagen. One problem, critics say, is that the mechanism is subject to manipulation and creates undeserving winners. For example, the U.N. body in charge of managing carbon trading reportedly has suspended approvals that would have awarded credits for the construction of dozens of wind farms in China. Projects only qualify for credits...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...meant to create a market-based system to curb global emission of greenhouse gases. To help make this happen, instead of strictly holding countries to their emission reduction commitments under the Kyoto Protocol, it allows companies and countries to continue to pollute if they offset their emissions by purchasing Certified Emissions Reductions (CERs) - each representing 1 ton of carbon - from developing countries -where carbon-reducing modifications to power plants, factories and other facilities would be less costly. This was meant to promote the dispersion of green technology to the developing world, and also give emerging economies like India and China...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...concerns persist about whether the market is generating enough highly effective carbon-reducing projects, such as solar power plants and public transit systems - or if it is actually retarding the pace of reducing greenhouse gas emissions by subsidizing the dirtiest industries, which can rather easily and cheaply generate credits because they have the most to clean up and often have the resources to make improvements. Fluorochemical companies in India, for example, have been the biggest generators of CERs for the global market. That's because companies like SRF, a fluorochemical company headquartered outside of New Delhi, emit a gas called...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...fear that these young vets, whose challenges include a lack of veteran centers in rural states and the special needs of female vets who have been abused during military service, will be demonized because of tales of crime and may face discrimination, especially in a tight job market. This could be a good follow-up article. Mark Waddell, the vet you profiled, is still a leader. As a 'Nam vet with PTSD and a veterans' services representative, I think Waddell and his wife are doing more good than they'll ever know...

Author: /time Magazine | Title: Inbox | 12/3/2009 | See Source »

Though this budget cut would, all other things being equal, likely lead to reduced enthusiasm for public service, given the weakness of the corporate law labor market, demand for public service jobs is up at the moment. Consequently, the flow of students into public interest careers may remain high for the immediate future. In this job market, the post-graduation employment choice for law students is often between no job and a low-paying public sector position, in which case the latter option would still be relatively more lucrative. However, this does not excuse the elimination of an important program...

Author: By The Crimson Staff | Title: The Public Option | 12/3/2009 | See Source »

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