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Sandor's idea was so successful that he was asked to the Earth Summit in Rio de Janeiro in 1992 to help design a program to finance reductions in carbon emissions. Sandor remembers the time fondly. "It reminded me of my days at Berkeley," he says. "There was more tie-dye than at a Grateful Dead concert. I was sitting on the beach and having a caipirinha, and I said, 'We could do this...

Author: /time Magazine | Title: How to Save the Planet and Make Money Doing It | 4/20/2008 | See Source »

...they do so wholeheartedly. Environmental consciousness is no exception. Over the past 34 years, Japan has renewed a 25-yen ($0.25) per liter gasoline tax - anathema in the U.S. - four times. A decade after hosting the conference that led to the Kyoto Protocol, Japan will host the G-8 Summit on Hokkaido this year, which will focus on green issues...

Author: /time Magazine | Title: The Japanese Way | 4/17/2008 | See Source »

...lesson. By appointing Chacón (who lacks military training), Zapatero may also be making a kinder, gentler statement about the armed forces. The Prime Minister has been under pressure from NATO to add to the roughly 750 Spanish troops now deployed in Afghanistan, though at the recent NATO summit in Bucharest he maintained that current levels were sufficient. Among the largely pacificist Spanish population, support for military participation in combat is weak (over 50% of Spaniards support withdrawing their troops from Afghanistan altogether). But humanitarian and peace-keeping missions are another story: a 2005 poll by the Madrid-based...

Author: /time Magazine | Title: Spain's Pregnant Defense Minister | 4/15/2008 | See Source »

...blame Big Oil - as many in Congress did last week -for its bloated profits greased by generous tax breaks. But the players in the oil-producing world see things a little differently. OPEC officials, oil executives and oil-rich governments met Thursday in Paris at the International Oil Summit, to share their thoughts on the global energy crunch. Total chief executive Christophe de Margerie and Royal Dutch Shell's exploration chief Malcolm Brinded told officials from oil-rich countries that they needed more access to easily accessible oil deposits, rather than the hugely expensive deep-sea drilling or ultra-deep...

Author: /time Magazine | Title: OPEC: Gas Prices Will Stay High | 4/11/2008 | See Source »

...companies' pleas were largely ignored at the summit. As if to underscore Big Oil's shrinking clout in the oil world, the summit's most powerful delegate - Saudi oil minister Ali Al-Naimi - arrived after the big guns from the oil companies had left, and was mobbed by photographers and television reporters who waited for hours to catch him on camera. With Saudi Arabia sitting atop the world's biggest known energy reserves - 264 billion barrels of oil and nearly 258 trillion cubic feet of gas - Naimi is OPEC's leading figure, who can slash or boost world oil prices...

Author: /time Magazine | Title: OPEC: Gas Prices Will Stay High | 4/11/2008 | See Source »

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