Word: sectoral
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...will stimulate economic growth at the same time. In the last year over $100 billion in new investment in green technologies has been announced by banks, investors and private equity alone. Markets respond to policy changes more swiftly, more efficiently and with far greater resources than the public sector. Take the successful efforts to create a market to help mitigate acid rain. The SO2 market in Chicago, the precursor to the CO2 market, illustrates that business responds better than predicted in legislative committee rooms...
...endorsed the amendments to the Clean Air Act in 1990 that allowed the market to demonstrate its efficiency in dealing with air pollution, and yet it's the current President Bush who fights against applying that proven model to tackling climate change. Markets can and do solve public-sector problems. They have raised more people out of poverty than all the aid ever given. Yet anticapitalist climate cultists and the current White House persist in their condemnation of market-driven, business-based solutions to global warming...
...Treasury Secretary Henry Paulson made that very clear Thursday afternoon. "This is a private sector initiative to deal with the volume of resets," Paulson said at a press conference following the unveiling of the plan. "You get approximately the same result as if you did it on a case-by-case basis...
...frame the problem. If you care about America's security first, Orr argues, you want to stop sending billions in oil money to our enemies. If you care about the economy, you want to make sure the U.S. does all it can to create a clean energy sector that could create millions of new jobs. If you're religious, you know that the U.S. - far and away the world's biggest contributor to climate change - has a moral obligation to help the impoverished billions who will suffer first and worst in a warmer future. (And if you care first about...
...same desires and feelings wherever they live, and democracy is God's gift to humanity, even though power mongers have always deprived people of democratic rights. Sustainable development that can benefit all citizens, however, can be achieved only through concerted and collective effort by the state and the private sector. Economic growth and democracy should go hand in hand; one should not precede the other. Abebe Areru, Addis Ababa...