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...controversy in Toranagallu raises questions about the effectiveness of CDM projects and the wisdom of relying on the carbon market to combat climate change. While carbon trading has helped lower overall global emissions, some argue the CDM system has significant flaws that need to be addressed in Copenhagen. One problem, critics say, is that the mechanism is subject to manipulation and creates undeserving winners. For example, the U.N. body in charge of managing carbon trading reportedly has suspended approvals that would have awarded credits for the construction of dozens of wind farms in China. Projects only qualify for credits...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...Toranagallu illustrates another unintended consequence of the CDM system: it tends to prop up the dirtiest industries in developing countries such as India, essentially allowing the industrialized West to outsource the heavy lifting of greenhouse-gas reduction to the world's poorer nations. "The trouble is the design of the CDM has been to guarantee the cheapest option for the Western countries to balance their carbon books," says Sunita Narain of the Center for Science and Environment in New Delhi. "It's not [just]what is happening in India that is flawed, it is flawed in design...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...meant to create a market-based system to curb global emission of greenhouse gases. To help make this happen, instead of strictly holding countries to their emission reduction commitments under the Kyoto Protocol, it allows companies and countries to continue to pollute if they offset their emissions by purchasing Certified Emissions Reductions (CERs) - each representing 1 ton of carbon - from developing countries -where carbon-reducing modifications to power plants, factories and other facilities would be less costly. This was meant to promote the dispersion of green technology to the developing world, and also give emerging economies like India and China...

Author: /time Magazine | Title: An Indian Village Sees the Downside of Carbon Trading | 12/3/2009 | See Source »

...that large planets formed closer to or farther from their stars, but not in GJ 758 B's location. In the best-case, most optimistic scenario, McElwain says, we might be able to image a Jupiter-mass object about four times farther out than Jupiter is in our solar system...

Author: /time Magazine | Title: Astronomers Spy a New Planet-Like Object | 12/3/2009 | See Source »

Gibbs cites the explosion of parenting websites as "among the most powerful weapons" in the war against overparenting. But we'll never restore children's right to play until the legal system protects the freedom to let kids take the normal risks of childhood. Until then, out of fear of litigation, recess will continue to be banned at schools across the country, park officials will remove jungle gyms that might attract a child over 5 and parents will feel a legal need to hover on playdates...

Author: /time Magazine | Title: Inbox | 12/3/2009 | See Source »

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