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...Strategic analysts stress there's nothing wrong with emerging nations like India and China improving their naval prowess to match their heightened role in world affairs. "It is logical that these countries will build navies and project their power," says Raja Mohan. "The question is how does this all get managed?" As of yet, there is no regional treaty alliance in place, no new diplomatic structures like NATO in Europe, for example, that could reflect or bring order to the shifting power lines of the Asian 21st century. Last year, Japanese prime minister Taro Aso floated the idea...

Author: /time Magazine | Title: China's Navy Grows, and the World Watches Warily | 5/13/2009 | See Source »

...produce scenarios in which it's even remotely attractive as a fuel alternative. In any case, the heavily subsidized corn-ethanol industries won't really be penalized for promoting deforestation and accelerating global warming; Congress exempted its existing plants from any consequences in the 2007 law requiring the stress tests. At her May 5 news conference with Energy Secretary Steven Chu and Agriculture Secretary Tom Vilsack, Jackson suggested this was a good thing, because corn ethanol is an "important bridge" to better biofuels. The Administration also announced that it plans to push the auto industry to make flex-fuel vehicles...

Author: /time Magazine | Title: Stress-Testing Biofuels: How the Game Was Rigged | 5/12/2009 | See Source »

...fairness, corn ethanol was already pretty much a done deal; Congress demanded 15 billion gallons in annual production by 2022, and the industry is already almost there. That is why the real stress tests that mattered were the ones concerning biofuels of the future like cellulosic ethanol grown from switchgrass - which has not been proven commercially viable but has been hailed as a kind of magic weed. Once again, the EPA used rosy life-cycle assumptions to conclude that next-generation biofuels will reduce billions of tons of emissions over the next century, ultimately reducing our oil consumption...

Author: /time Magazine | Title: Stress-Testing Biofuels: How the Game Was Rigged | 5/12/2009 | See Source »

...This is why Congress included the stress tests along with a huge biofuels mandate in its 2007 energy bill, throwing a bone to environmentalists who were freaking out that the alternative fuels they had championed for years were in fact ecological calamities. The law - supported by then-Senator Barack Obama - required life-cycle analyses that would calculate direct and indirect emissions...

Author: /time Magazine | Title: Stress-Testing Biofuels: How the Game Was Rigged | 5/12/2009 | See Source »

...example of the problems with the analysis is the time horizon. When the EPA studied a reasonable 30-year time period, even with its generous assumptions, soy biodiesel and corn-ethanol plants powered by coal or natural gas actually produced more emissions than gasoline; corn ethanol only passed the stress test (and just barely) when powered by the cleanest possible power. And that analysis assumed it's a good trade-off to accept massive emissions today in exchange for reductions over 30 years, when in fact massive emissions today could help trigger devastating ice melts and other feedback loops that...

Author: /time Magazine | Title: Stress-Testing Biofuels: How the Game Was Rigged | 5/12/2009 | See Source »

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