Carbon trading was meant to reduce greenhouse gas emissions in the European Union by making polluting more expensive for heavy industries, encouraging them to invest in cleaner technology.
But even supporters admit that the system, also known as cap and trade, is falling far short of that goal.
Aside from our “structural” observation that President Obama’s perceptible “indifference” to the Gulf oil spill disaster is all too reminiscent
The Greek debt crisis and its ripple effects across Europe are crimping credit,
especially for midsize and smaller companies and definitely those in countries perceived as riskier —
starting with Greece but also including Portugal, Spain and others on the periphery.
That means the lending freeze instituted by TBTF banks & speculators posing as investors could be most severe in the countries most in need of economic growth.
Beneath the subarctic forests of western Canada, deep under the peat bogs and herds of wild caribou, lies the tarry rock that is one of America’s top sources of imported oil.
There is no chance of a rig blowout here, or a deepwater oil spill like the one from the BP well that is now fouling the Gulf of Mexico.
But the oil extracted from Canada’s oil sands poses other environmental challenges, like toxic sludge ponds, greenhouse gas emissions and the destruction of boreal forests.
Superintendents, education professors and people seeking work say teachers are facing the worst job market since the Great Depression.
Amid state and local budget cuts, cash-poor urban districts like New York City and Los Angeles,
which once hired thousands of young people every spring, have taken down the help-wanted signs.
Even upscale suburban districts are preparing for huge levels of layoffs.
The European Union fined a group of several East Asian and one European computer chip makers 331.3 million euros ($409 million) for price fixing in the first use of a new procedure that allows settlement of cartel cases in Europe.
The European competition commissioner, Joaquín Almunia, said that because of the new procedure, he expected to handle some cases in less than six months from the time that a cartel was discovered or reported.
18 May 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com
In many ways, China can be summed up in the same way screenwriter William Goldman famously said about getting movies made in Hollywood: nobody knows nuthin’.
After nine years of regulatory review, the federal government gave the green light recently to the nation’s first offshore wind farm, a highly contested project off the coast of Cape Cod.
The approval of the 130-turbine farm gives a significant boost to the nascent offshore wind industry in the United States,
Several start-up companies in the United States are developing technology to produce electricity from strong tidal currents.
Ocean Renewable Power’s system uses a cross-flow turbine that spins as the water flows through it, turning a generator. [br]
