Word: reductionisms
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Officials at the 21-nation energy agency claim that the global recession has the decisive factor in lower gas prices. Put simply, they say, poor economic growth caused a reduction in energy demand. But UIf Lantzke, executive director of the agency, has predicted that the recession must inevitably come to...
Global warming is a cause that has gradually broadened its support among the American public. Now we'll begin to see whether that support still runs shallow. On Monday the Senate will begin debating America's Climate Security Act, a bill that would finally attempt to make carbon-emission reduction...
Even some energy corporations that favor cap and trade in general, like North Carolina's Duke Energy, are lobbying against the act, claiming it would hit coal-dependent utilities too hard. Some green groups like Friends of the Earth (FoE) also oppose it, arguing the bill's emission-reduction goals...
In the purely financial world, the business opportunity is in carbon trading, of which there are two forms. The first is the batch of global mechanisms set up under the Kyoto agreement and administered by the U.N., of which the Clean Development Mechanism (CDM) is the most important. If a...
The plans aim to scrap milk quotas and give farmers incentives to look after the countryside rather than producing food. They will further break the link between direct payments and production, allowing farmers to better follow market signals. A progressive reduction in farm subsidies will be accompanied by shifting the...