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...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 »

...Jindal plant continues to expand as the company pursues carbon credits by generating power through the burning of waste gas created during steel manufacture. In a bid for more carbon dollars, a second power plant was built. "The carbon revenues were a major factor in 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...

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

That's not as good as the ultimate goal: to take an image of a second Earth, in an Earthlike orbit. For that, though, you really need to go into space. But the discovery of GJ 758 B is an extraordinary step, and if the project lives up to its early promise, astronomers will be learning a whole lot more about distant planets in the next few years...

Author: /time Magazine | Title: Astronomers Spy a New Planet-Like Object | 12/3/2009 | See Source »

...We’re hardly original in this project. Playing all Beethoven’s string quartets is akin to running a marathon or climbing Mount Everest. It’s one of the big goals a string quartet can aspire to,” Sirota says...

Author: By Daniel K. Lakhdhir, CONTRIBUTING WRITER | Title: Chiara String Quartet to Hit the Bar This Thursday | 12/3/2009 | See Source »

Since the program—financed through surcharges on utilities and electricity usage—was met with such overwhelming demand, Massachusetts officials are preparing a new plan that is expected to be available on Jan. 1. This successor project, dubbed Commonwealth Solar, is the preliminary phase of the clean energy initiative—championed by Gov. Deval Patrick ’78—geared toward achieving 250 megawatts of solar-generating capacity in Massachusetts...

Author: By Nadia L. Farjood, CONTRIBUTING WRITER | Title: State Burns Through Solar Panel Funds | 12/3/2009 | See Source »

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