When it comes to global warming, the Bush administration puts its faith in volunteerism and new energy technologies to scale back the American Everest of heat-trapping gases. But government studies say the results are at best uncertain.
One thing is not: Each year, the mountain of "greenhouse" gases emitted by the US grows bigger.
While the rest of the developed world requires -- but isn't always achieving -- mandatory cuts in carbon dioxide and other emissions, the country adding the most gases to the atmosphere is deadlocked in a debate over how to deal with it.
Individual states, meanwhile, are taking the lead.
Voluntary programs emphasized by President George W. Bush since 2002 are claimed to be sparing the atmosphere 270 million tonnes of carbon dioxide a year, or 4 percent of US emissions.
But the US government doesn't know -- and often can't verify -- whether the reductions reported by 230 US companies are real.
"It's difficult to prove," said Paul McArdle, who manages the Energy Department's voluntary reporting system. "It's my sense that some of these are real reductions."
What's more, McArdle acknowledged, companies can increase their emissions overall but still claim cutbacks -- by counting as reductions such steps as replacing old lighting, using more efficient vehicles or planting trees.
In a review last April, Congress' Government Accountability Office questioned Washington's ability to monitor these voluntary efforts.
"Determining the reductions attributable to each program will be challenging," it said.
Carbon dioxide from burning coal, oil and other fossil fuels is the biggest of the greenhouse gases, so called because they create a heat-trapping blanket when released into the atmosphere. Others are methane, nitrous oxide and synthetic gases.
The atmosphere holds more carbon dioxide now than it has for hundreds of thousands of years, and the Earth's surface warmed an average 0.5oC over the past century.
As a first step, the White House talks of reducing the "intensity" of US carbon pollution -- not shrinking emissions overall, but reducing the carbon dioxide emitted per unit of economic growth.
"Our objective is to significantly slow the growth of greenhouse gas emissions and, as the science justifies, stop it and then reverse it," said James Connaughton, chairman of the White House Council on Environmental Quality.
"We're making good progress. It's reasonably ambitious, but it still provides for reasonable human welfare," he said.
Now, the US is spending US$3 billion each year researching technologies to cut global warming and US$2 billion on climate research.
In a program called the Asia-Pacific Partnership, Bush is also working with Australia, China, India, Japan and South Korea -- producers of half the world's greenhouse gases -- to attract private money for cleaner energy technologies.
Connaughton calls that joint effort a major breakthrough.
Senator Jim Jeffords, an independent, calls it an "excuse for further delay."
Bush envisions using more hydrogen powered vehicles, electricity from renewable energy sources and clean coal technology.
The Energy Department's technology program has helped build 34,000 new energy-efficient homes and it plans to create "bioenergy" research centers and to advance research into hydrogen fuel and fusion energy.
However, critics say the government effort is too slow and needs refocusing.
A review by the Energy Department's research lab said the program focused too much on work that can lead to "only incremental improvements" and called for emphasis on "exploratory, out-of-the-box concepts."
A new government economic analysis recommends paying attention to markets in combination with research.
The Congressional Budget Office report said any cost-effective US policy on global warming must put a price on carbon -- via an emissions tax or a "cap and trade" system of buying and selling emissions allowances among companies, as in Europe.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation