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Word: offseting (lookup in dictionary) (lookup stats)
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...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 »

...equally passionate critics. Conservationists agree that our remaining forests must be saved, and quickly. Where they disagree is how REDD is funded. Many are fundamentally opposed to a carbon-offset system that only safeguards forests by allowing rich nations to pollute. "We need to find ways to stop burning fossil fuels, not create massive new loopholes to allow the pollution to continue," says Jakarta-based Chris Lang, who runs the website REDD-Monitor. "Carbon-trading does not reduce emissions." Lang believes funding REDD schemes through offsets or other market-based mechanisms would be a "disaster." Still, if all goes...

Author: /time Magazine | Title: Protecting Jungles: One Way to Combat Global Warming | 11/30/2009 | See Source »

...intact. Here's how it works. Preserve Ulu Masen, and over the next 30 years an estimated 100 million tons of carbon are prevented from entering the earth's atmosphere - the equivalent of 50 million flights from London to Sydney. Those savings can be converted into millions of carbon-offset credits, which are sold to rich countries and companies trying to meet their U.N. emissions-reduction targets. The revenue produced by the sale of credits is then ploughed back into protecting the forest and improving life in communities living along its edge, thereby giving people a reason to leave...

Author: /time Magazine | Title: Protecting Jungles: One Way to Combat Global Warming | 11/30/2009 | See Source »

McCullough is boyish and blond. His acid blue eyes and commanding tone offset his somewhat delicate physical presence. He is a thoughtful officer, beloved by the Marines he led through fierce fighting as they established themselves in Helmand this summer...

Author: /time Magazine | Title: Can a 'Loyalty Oath' Ensure the Allegiance of Afghans? | 11/25/2009 | See Source »

Dean Michael D. Smith said he will shrink the number of professors in the Faculty of Arts and Sciences, ending a decade-long expansion in order to offset the school’s $110 million deficit...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: FAS To Decrease Size of Faculty | 11/19/2009 | See Source »

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