Word: reals
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...Copenhagen Accord, there are more than a few environmentalists who believe the conference was a failure. That may be going too far. A three-page, nonbinding agreement that wasn't fully accepted by all of the nations in attendance may be a diplomatically flimsy thing, but it does hold real promise. Major developed and developing countries agreed that by Jan. 31 they will submit their emissions-reduction plans - plans that will be crucial in pushing the world down a low-carbon path. If there's a secret weapon buried in the accord, it's this: governments will not act alone...
...event connected green luminaries like Al Gore with the unfamous people who direct hundreds of billions in private investment. This was the fourth annual summit, but it may have been the most fortuitously timed of the lot - occurring after Copenhagen, before the U.S. Senate begins its real work on climate legislation this year and just as investors begin to climb out of the recession. The feeling at the session was hopeful - investors, especially large-scale institutional funds that need to worry about the long term, are ready to bet on cutting carbon - but impatient. The key, as many of them...
...bankers to spin out new classes of fixed-income securities, most notably collateralized debt obligations or CDOs. Much of the money raised by those investments was funneled in the mortgage market. That gave lenders the ability to make more loans, allowing more people to buy houses and push up real estate prices. Many of those loans, it turns out, were made to people who couldn't afford to pay. What happened next - real estate bust, foreclosures and Wall Street mayhem - is well known...
...experiments that show how complicated the climate-vegetation connection can be. When you double the CO2 in greenhouses where wheat or soybeans are growing, for example, the plants grow bigger by an average of 20-40%. But things get messier when scientists add CO2 to plants growing in real-world conditions. In a set of experiments called the Free-Air Carbon-dioxide Enrichment project, or FACE, investigators have been introducing CO2 into the air in experimental fields and forests around the world. The result is that some plants do grow bigger, says Field, "but an increase in growth doesn...
...This isn’t real,'" Arbuthnott recalls thinking. "'I was just in the country. Haiti? What do you mean Haiti...