Word: worthing
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...worth remembering, though, that India has overcome this culture before. When a few bureaucrats and economists pushed through the 1991 economic reforms, no one thought the "license Raj" would ever fall. At the time, the political decisions behind the reforms were unpopular, and its possibilities were not yet apparent. A few prominent businessmen formed a group - the Bombay Club - to oppose the reforms, surely unaware that they would one day be among their biggest beneficiaries. As incomplete as those reforms have been, they have brought India into its new place in the world. The attacks were an acknowledgement of that...
...tiny Iceland has spent decades figuring out useful ways to harness its heat and power, employing it for everything from baking bread to turning turbines. Geothermal power now provides cheap, clean heat to more than 90% of Icelandic homes, and generates 30% of the nation's electricity, a slice worth roughly $120 million. In recent years, as Icelanders became smitten with the idea that their ambitious banks could create a global financial center in the far north Atlantic, geothermal power got pushed out of the spotlight. But now, with the krona down 44% against the dollar compared to a year...
...country paying to improve energy efficiency at a power plant - or programs to actively reforest land already cleared. It doesn't recognize avoided deforestation - also known by the acronym REDD, for Reduced Emissions from Deforestation and Degradation. With timber and biofuel plantations so valuable, that means "rain forests are worth more dead than alive," says Andrew Mitchell, director of the Global Canopy Programme, an alliance of forestry institutions. But a handful of pilot projects, like the one in Noel Kempff and others in nations such as Belize, Indonesia and Madagascar, are proving the logic of paying to keep forests standing...
...baseline rate of deforestation in the country to know just how much difference their efforts would make, and monitors the edges of Noel Kempff for forest loss. Third-party verifiers like the Climate, Community and Biodiversity Alliance and the Voluntary Carbon Standard help assure companies that their credits are worth the carbon and that local forest communities are helped and not harmed by the potential flood of REDD financing...
There's a lot at stake. The worldwide lighting market is worth about $78 billion a year, and consumer luminaries alone - excluding the market for bulbs - is almost one-third of that. Philips is moving fast to expand from its traditional European base. Bijlsma reckons the firm's sales of LED and other low-energy lighting will double every year in emerging markets, and grow "at a fast pace" in mature markets. Philips is targeting Latin America, and also Asia, where it is planning branded showrooms in stores...