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What the US Can Learn From Europe's Pollution Credit System 425

Al writes "Technology Review discusses what a US carbon trading scheme could learn from the flawed European experience. Advocates of carbon-trading schemes like to point to Europe's cap-and-trade program as a model worthy of emulation, but the reality has been less than perfect. A glut of pollution credits, distributed without cost during both the first, transitional phase of the program and the current working phase, drove down the value of the EUAs. As a result, Europe's carbon dioxide emissions remain priced well below 20 euros per ton. With the price of pollution so low, economists say, industries that generate and consume energy have no incentives to change their habits; it is still cheaper to use fossil fuels than to switch to technologies that pollute less. Establishing a carbon price in the US system now, and tightening the system later, could send a dangerously wrong signal to financial markets looking to invest in new energy technologies."

Prions Observed Jumping Species Barrier 214 writes "Nature is reporting on new findings that prions jump species barriers. Believed to be responsible for ailments such as Creutzfeld-Jakob disease and 'mad cow' disease, prions are thought to disrupt biological processes by causing normal proteins to fold abnormally. Researchers at the University of Texas Medical Branch in Galveston have observed infectious prions from hamsters causing abnormal protein development in mice, along with a range of other observations on prion actions in test tube environments. From the article: '... they also found that when a prion jumps species, it produces a new kind of prion. "This is very worrisome," says Claudio Soto, who led the research, published in Cell. "The universe of possible prions could be much larger than we thought."' Sounds like another good reason to donate your spare CPU cycles to projects like Folding@home."

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