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Washington is engaged in a giant game of chicken with the Big Three automakers, and unless someone swerves soon, Detroit is going to end up as wreckage on the side of the road...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...their plight. They all drove hybrid or fuel-cell vehicles from Detroit, in stark contrast to the corporate jets all three arrived in last month. Senator Richard Shelby of Alabama, the top Republican on the panel and a fierce opponent of giving them any aid, grilled them on their road trips. "Did you drive? Did you have a driver?" he pressed. "Do you plan on driving back...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

Going Underground Ten minutes up the road from Jonasson's bread ovens, over some low hills, a series of dense white steam plumes rise into the cloudy sky. In a flannel shirt and hard hat, Birkir Fanndal maneuvers his truck over one of the dirt roads that crisscross Iceland's first major geothermal power station, Krafla. Soon after the inaugural borehole was drilled here 34 years ago, the first in a series of volcanic eruptions rocked the area. The eruptions, nine in all, went on for nearly a decade, sending engineers scrambling to keep up with the shifting earth. Fanndal...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

...fire or logging, brokers build in reserves - selling, for example, only 80% of the carbon actually contained within a forest, and tapping the remainder if some part of the protected area should be lost. To prevent leakage - the possibility that protecting one place will only move deforestation down the road - TNC in Bolivia measured the 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...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...problem of compliance. Who can guarantee that a "protected" forest won't go up in flames in a few years, or even be logged, rendering the credits useless? And if a REDD project succeeds in preventing a vulnerable forest from being ruined, won't loggers just move down the road, or to another country - again, with no net benefit for the climate...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

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