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...that avoided deforestation's biggest obstacle will be its own success. If REDD is enshrined in the next global climate-change deal, set to be negotiated by the end of 2009, there is likely to be a sudden spike in demand for avoided deforestation projects, as developed countries angle to meet new carbon caps and tropical nations start to turn their forests into cash. But doing a REDD project right isn't easy, points out Zoe Kant, TNC's carbon markets manager and the brains behind the Noel Kempff project: experts are few, locales are remote and most countries lack...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...provided we have the political will. If you want to know why, visit Noel Kempff. Its biological value was incalculable, but to the people who lived in the forest, its only financial value lay in dead logs. REDD changes that - and with 29% of the carbon revenue from the project promised to local communities, it can change their lives too. "We finally have a way to pay countries for protecting forests," says TNC's Marsh. That's good news...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...center of French cement firm Lafarge, director Pascal Casanova waxes lyrical about Ductal, a super-resilient product the center has developed that he calls the "Formula One" of concrete. It's what architect Ferrier intends to use in his 807-ft. (246 m) Hypergreen tower, a project that could not be built with regular concrete...

Author: /time Magazine | Title: Building Materials: Cementing the Future | 12/4/2008 | See Source »

...middle of the 20th century. Global warming may be a culprit, but simply cutting carbon emissions isn't going to keep the city from drowning. An immense and intricate flood-control system is in the works. Evocatively called MOSES, an acronym for its Italian name, the $5.3 billion project is about half done, but it's not scheduled for completion till 2014. Financing has slowed construction: at one time, Venice had to sell off some of its venerated palazzi to raise money. But, says Rafael Bras, dean of the engineering school at the University of California at Irvine and chair...

Author: /time Magazine | Title: The Moment | 12/4/2008 | See Source »

...Hawaii Governor Linda Lingle and her state's largest utility endorsed plans to build more than 70,000 recharging stations for electric vehicles by 2012. The project, expected to cost upwards of $70 million, calls for a public-private partnership with the California-based battery maker Better Place, which will build the stations and supply batteries to those who choose to buy or lease an electric car. Lingle hailed the plan as a major step in curbing emissions and rising energy costs. The state needs to do something; it spends nearly $7 billion each year on imported oil. Better Place...

Author: /time Magazine | Title: The World | 12/4/2008 | See Source »

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