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...That's because Toranagallu is also home to a 3,700-acre forest of puffing smokestacks that make up the Jindal South West steel factory. Opened a over a decade ago, Jindal South West has over the past several years claimed an estimated $150 million in carbon credits thanks to its internationally recognized status as a part of the Clean Development Mechanism (CDM) administered by the U.N. under the Kyoto Protocol. But while the steel plant's efforts to reduce its emissions may in a very small way be helping the earth's atmosphere, villagers complain any benefits are lost...
...market. That's because companies like SRF, a fluorochemical company headquartered outside of New Delhi, emit a gas called HFC-23 during the process of making chemicals for refrigerators and air conditioners. HFC-23 is 11,700 times more harmful to the atmosphere than carbon dioxide. SRF invested $3 million to equip its factory to burn the gas instead of releasing it into the atmosphere, a project that could earn it some 3.8 million CERs annually, worth about $600 million over the next decade...
...taking up these projects," says Suresh Iyer, the chief coordinator of carbon trading at Jindal South West. If a project is reducing carbon, he says, "we do take the initiative and put up the plant because of that." The second plant, which Iyer estimates cost the company $50 million to build, was approved by the CDM in January 2007 and now earns an estimated 700,000 CERs a year...
...even if it isn't, there's plenty of reason to be excited. For one thing, astronomers got an image of it. The reason it's so tough to image a planet is its proximity to the blinding light of its star, which in this case is about a million times brighter. It would be like trying to see a candle burning next to the beam of a million-candlepower searchlight. Further, the blurring caused by Earth's atmosphere makes it tough to separate closely paired objects - such as a star and planet - even when they're of equal brightness...
...guys tonight react like they've win a million dollars," said Qdoba Assistant Manager Jenna Delorenzi. "They go crazy...