Word: weste
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...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...
...generating power through the burning of waste gas created during steel manufacture. In a bid for more carbon dollars, a second power plant was built. "The carbon revenues were a major factor in taking up these projects," says Suresh Iyer, the chief coordinator of carbon trading at Jindal South West. If a project is reducing carbon, he says, "we do take the initiative and put up the plant because of that." The second plant, which Iyer estimates cost the company $50 million to build, was approved by the CDM in January 2007 and now earns an estimated 700,000 CERs...
Bruce McPhee, WEST YARMOUTH, MASS...
While this sounds rosy enough, even interest-free money isn’t ever really free. Rather than use its economic leverage to stamp out corruption or push for human rights, as the West does, China’s demand is instead a request that African markets open up to the dumping of Chinese products, that participating governments refuse to recognize Taiwan, and that any development contracts are forged exclusively with Chinese companies...
...captain Colin West, ranked second in the country, improved his record to 3-0 with a 3-0 win in the No. 1 spot, defeating Christopher Hansen...