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...might balk at governments being urged to use tax incentives and subsidies to woo their consumers off of fossil fuels. Elsewhere, however, it was the EU in the environmentalists' doghouse for nixing any discussion of the $300 billion that rich nations pay their own farmers in subsidies, which the poorer countries deem unfair protectionism that prices their exports out of the market and stymies development. And a number of African leaders bristled at their own failure to stop the Europeans attaching a democracy-and-good-governance clause to calls for greater aid to the developing world...

Author: /time Magazine | Title: Earth Summit Founders, But There's Hope | 9/3/2002 | See Source »

CARBON CREDIT OFFSETS Under the Kyoto treaty to combat global warming, Western Europe and Japan must reduce carbon emissions below 1990 levels. (The U.S. has refused to ratify the treaty.) One way to reach the target involves paying poorer countries to keep their land under forests, which absorb carbon from the atmosphere. For example, Japan could pay Peru not to log rain forest. The amount of carbon absorbed by those trees would then be counted as a credit on Japan's carbon-emission balance sheet. "This would reverse a trend in human history," says Irvin. "Suddenly land is more valuable...

Author: /time Magazine | Title: Let Them Run Wild | 8/26/2002 | See Source »

Hunger continues to plague poorer countries, especially in Africa, as badly managed agriculture leads to soil salinization and degradation

Author: /time Magazine | Title: The State of the Planet | 8/26/2002 | See Source »

Isolating Riyadh, though, carries risks. Western diplomats warn that the al-Saud clan, which has ruled the kingdom for the past century, is the only Western-leaning institution left in a fundamentalist state that is growing younger, poorer and more radical. "Let's say we decided to split sheets with the Saudis. What would replace them would not be a pretty sight," says a U.S. diplomat. "You could see another Taliban. There's no moderate group that could come in and take over...

Author: /time Magazine | Title: Do We Still Need the Saudis? | 8/5/2002 | See Source »

...South America. Coca eradication is the linchpin of Washington's antidrug strategy. The widening revolt against it is the loudest sign yet of a new resentment toward the U.S. in Latin America, where free-market reforms pushed by Washington have left much of the region's 500 million people poorer. A former parliamentary Deputy from Bolivia's central coca-growing region, Morales in the past was often dismissed as a radical relic in the land where Che Guevara died. But today he's strong enough to have made it into this week's presidential runoff vote in the new parliament...

Author: /time Magazine | Title: Taking the Side of The Coca Farmer | 8/5/2002 | See Source »

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