Making the economy more efficient by arguing who can cut the most wasteful carbon emissions—a bidding war that would only happen down under, right?
The private sector has found success elusive. Now the federal government is stepping up its efforts to develop alternatives to gasoline, reports The New York Times.
"I am convinced actually that we are not getting legally binding targets in Copenhagen," Lars G. Josefsson, CEO of Vattenfall, said Wednesday. "But it is also not necessary because what we need, what business needs, what the world needs, is actually the thrust in a new direction that will lead up to binding targets."