Word: scheme
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...prove Mitterrand's point, the movie opens this week in a France that seems more awash than ever in the ambiguous legacy of its last Socialist President. Mitterrand's image dominated a Parisian courtroom last week as it finished taking testimony about a vast wiretapping scheme driven in part by Mitterrand's personal obsessions. His illness, first diagnosed in 1981, the year he took power, resurfaces in lurid detail this week in a book - written by his personal doctor, Claude Gubler - originally banned by a French court in 1996 for breaching the President's medical privacy. His foreign policy, often...
...Such deals are the heart of the "cap and trade" system for greenhouse-gas emissions that forms a pillar of the Kyoto accord on climate change, which goes into effect this week. Under the scheme, the total emissions of developed nations are limited, or "capped" at a fixed level, and each nation assigns a number of CO2 allowances to its major carbon-emitting sectors; companies that have unused allowances (as a result, for example, of antipollution improvements) may sell their excess allowances to companies that need them. Theoretically, the wisdom of the marketplace will lower the cost of reducing harmful...
...There is today almost no mainstream disagreement about the reality of global warming or the urgent need for the world to reduce emissions. And the ets is an important step in doing so - yet the high-minded principles behind the scheme have so far been bogged down by technical limitations and legal wrangling. The European Commission is involved in a legal battle with Germany, which wants the right to revise its national emissions allocation plan in the future, and with Britain, which wants to increase the allotted emissions in a plan approved last year. Green groups contend that European governments...
...Even so, brokers - there are 11 brokerages involved in various aspects of the market - are optimistic. The price of a metric ton of CO2 has plunged since the ets scheme began officially on Jan. 1 - to less than ?7 from the informal "gray-market" figure of ?13 at the start of 2004 - but has inched upward again, closing at ?7.23 last Friday. The trading system is designed to limit greenhouse gases to specified targets while minimizing compliance costs - and fining offenders, starting at ?40 per ton in April. So if the price is very low, says Drummond, it could...
...fiscal equilibrium without drastically changing the situation of retired or non-retired individuals. But whether or not a new proposal suggests raising the retirement age, the Democrats simply must put forth a well-articulated, feasible plan to combat the temptation to passively accept Bush’s untenable privatization scheme...