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'A Green New Deal'.(Cover Story: International Edition; ECONOMY)(Cover story)

Newsweek International

| November 03, 2008 | Dickey, Christopher; Mcnicoll, Tracy | COPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Some of the world's most powerful leaders argue that this crisis is a call to speed up the creation of a new energy economy. Why they're right.

In rented offices on a quiet side street in Paris, not far from the Eiffel Tower, analysts for the International Energy Agency spend long days and nights crunching numbers about oil production and greenhouse gas emissions. They're basically the staid, sober global accountants who watch over the power supply for the 30 rich countries that are members of the Organization for Economic Cooperation and Development, and their many reports are dry and technical. But there is one term that has taken on ominous overtones in recent ...

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