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Real market forces now drive action on climate change http://apocadocs.com/s.pl?1364090088
Fifteen years after the Kyoto protocol was signed and just months after being extended, a true global carbon trading marketplace may finally be within the world's grasp.
It is as though a line of dominos has suddenly appeared, awaiting the slightest push to set off a chain reaction. When the dominos begin to fall, the world will suddenly have a powerful and effective tool to reduce carbon emissions, one of the most environmentally destructive aspects of modern human activity....
Oil is losing its place as a preferred fuel. The discovery of vast reserves of natural gas in the US is sparking a shift in the power generation industry. As more power plants convert from coal and oil to cleaner burning gas, emissions trading is losing its downside. With affordable alternatives in the wings, the reluctance among regulators and governments to impose emissions limits is easing.
A signal moment in the cap and trade debate has arrived in the US. In winning a supreme court decision as to its right to impose emissions standards, the current administration has the power - and many think the inclination - to flip a major domino by setting standards for existing power plants (so far it has limited itself to new facilities). Such a move would make Kyoto ratification much less important.
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[Read more stories about:
tipping point, smart policy, carbon sequestration, low-energy future]
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'Doc Jim says:
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"Falling dominos," alas, sit right beside "tipping points."
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