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Theory and practice of cap and trade

(March 1, 2007) But if the investors don’t opt for the projects with the greatest abatement per dollar invested, which is the case if other objectives intrude, then the cap-and-trade system won’t bring about the beautifully efficient, minimum-cost reduction of emissions that economists and environmental lobbyists dream about. And Kyoto will cost more than current estimates allow.

Dai Qing- Journalist turned environmentalist

(March 1, 2007) Dai Qing is a journalist-turned-environmental activist, whose family was part of the Chinese revolutionary "aristocracy." After her father was killed in battle with the Japanese in 1944, just three years after Dai’s birth, she was adopted by Ye Jianying, one of the top generals in the People’s Liberation Army. Ye also served as Defense Minister and was one of the most powerful men in China until his death in 1986.

Zambia: Let the looters pay the vultures

(February 28, 2007) A recent British high court ruling that permits a so-called "vulture fund" to pursue an enormous profit on its purchase of Third World debt from Zambia has provoked a backlash from global debt campaigners. However, U.S. law professor Larry Cata Backer argues that, within an odious debts context, the fund ought to be able to seek repayment but not from the people of Zambia.