Category Archives: Carbon credits

$260 / ton for carbon – the price of salvation

Lord Stern: Models ‘grossly underestimate’ costs of global warming Submitted by Eric Worrall Lord Stern, the British Academic who prepared the “Stern Review” on global warming for Prime Minister Tony Blair, has just claimed a carbon price of up to … Continue reading

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Posted in Carbon credits | 77 Comments

King Canuccitelli plans to tax carbon right out of the air

Many readers know the story of the Viking turned King who was said to be able to hold back the sea, only to realize that he had no such power. King Canute the Great, the legend says, seated on his … Continue reading

Posted in Carbon credits, Carbon dioxide, carbon tax, Government idiocy, Opinion | Tagged , , , , , , , , | 108 Comments

Lords a leapin

Guest post by Mike Jonas From the UK’s BBC comes this news item: Trillion-euro shortfall facing EU energy sector – Lords Committee Under the obligatory photo of chimneys spewing steam, is a totally uncritical article on the final report from … Continue reading

Posted in Carbon credits, Coal, Energy, Government idiocy, nuclear power | Tagged , , , , , , , | 42 Comments

EU Carbon price continues to fall amid reports of distant EU prop-up and $9 million carbon credit scam

The news from Reuters Point Carbon today is not good: Germany unlikely to form CO2 backloading position before Sept: Ireland 22 Apr 2013 11:22 Last updated: 22 Apr 2013 13:03 DUBLIN/LONDON, April 22 (Reuters) – Germany will unlikely vote for … Continue reading

Posted in Carbon credits | 34 Comments

Lawsuit challenges California cap and trade program – “…only way to capture CARB’s attention.”

While the EU carbon trading market began its death spiral this week, much like the Chicago Climate Exchange (CCX) where it ended up at a nickel per ton when the exchange died and closed per good, CARB’s director, Mary Nichols, … Continue reading

Posted in Cap-and-trade, Carbon credits | 54 Comments

Watching the death of the EU Carbon Market

From the GWPF: Europe’s New Anti-Green Majority Scores Huge Victory EU Parliament Refuses To Save Its Dying Carbon Market The European Union’s climate change policy is on the brink of collapse today after MEPs torpedoed Europe’s flagship CO2 emissions trading … Continue reading

Posted in Carbon credits | 84 Comments

Obama By-Passes Gas

Guest Post by Willis Eschenbach President Obama continues his Global War on Cheap Energy™, this time under the guise of avoiding “spikes” in gasoline (petrol) prices.  He wants to pass gas without regrets and move post-haste to electricity and biofuels, … Continue reading

Posted in Alarmism, Cap-and-trade, Carbon credits, carbon tax | Tagged , , , | 134 Comments

EU Carbon Trading ‘death spiral’ continues

UPDATE: it’s worse than we thought, see below. Carbon has closed below $4 a ton in a new record low while Deutsche Bank bails From Reuters: Deutsche Bank quits carbon market: board member 31 Jan 2013 12:42 Last updated: 31 … Continue reading

Posted in Carbon credits | Tagged , , , , , , | 62 Comments

EU carbon sinks to new record low – loses nearly 40% of value in January

From the told ya so department, after a small dead cat bounce yesterday due to an auction, traders are unloading today. Yesterday’s closing price was 5.02, today it is 4.64. That’s a value loss of 8% in a single day. … Continue reading

Posted in Carbon credits | Tagged , , , , , , , | 21 Comments

Oh that’s gonna leave a mark – EU carbon trading ‘worthless’

From the I’ve been telling you so for some time now department comes this headline from Bloomberg. And it is getting desperate in the carbon market. Readers may recall last week I reported two new record lows on the EU … Continue reading

Posted in Cap-and-trade, Carbon credits, carbon tax | Tagged , , , , , , , , | 67 Comments

End times for carbon trading

Readers may recall this story this past week at WUWT: European Carbon Trading Hits Another Record Low. It was a short lived record, beaten again the very next day. Today, from Reuters Point Carbon, a view of the end times … Continue reading

Posted in Carbon credits | Tagged , , | 38 Comments

European Carbon Trading Hits Another Record Low

Sluggish German economy forces EU carbon to record low 17 Jan 2013 17:26 Last updated: 17 Jan 2013 21:32 LONDON, Jan 17 (Reuters Point Carbon) – EU carbon prices hit a fresh record low on Thursday as poor economic data … Continue reading

Posted in Carbon credits | Tagged , , , | 55 Comments

The carbon trading money tree

If the carbon trading business seems too good to be true, maybe there’s a good reason Guest post by Kelvin Kemm The COP-18 environmental conference held in Doha has come and gone. In the wake of high expectations for a … Continue reading

Posted in Carbon credits | Tagged , , , , , , | 50 Comments

What’s up with RGGI? Moving the cap down.

Guest post by Ric Werme Things have been pretty quiet in the northeast’s the Regional Greenhouse Gas Initiative (RGGI). New Jersey has gotten out and remains out, New Hampshire didn’t get out, but most of the money collected will be … Continue reading

Posted in Cap-and-trade, Carbon credits, Carbon dioxide, carbon tax | Tagged , | 24 Comments

Is Al Gore the Latter Day Pardoner?

Carbon Credits Are Modern Indulgences.  Guest post by Dr. Tim Ball Geoffrey Chaucer (c.1342 – 1400) is among the giants of English literature, recognized for his perceptive and realistic stories about human nature. Like Shakespeare, his characters and stories are … Continue reading

Posted in Al Gore, Carbon credits | Tagged , , | 80 Comments

‘Almost half of the CO2 transfers into the US are caused by the American trade deficit’

From the Potsdam Institute for Climate Impact Research (PIK) Constraining world trade is unlikely to help the climate Instead, researchers were able to pin down a number of factors explaining the pronounced imbalances between emission importers and exporters, the US … Continue reading

Posted in Carbon credits, Carbon dioxide | Tagged , , | 40 Comments

The carbon corruption: Iran, Sudan, and North Korea get millions in U.N. carbon credit funds

From the Washington Free Beacon by Zach Noble, how a half page of the Kyoto protocol turned into a free ride for corruption. Carbon Corruption Iran, North Korea, Sudan rack up millions by trading U.N. carbon credits The U.N. is … Continue reading

Posted in Carbon credits | Tagged , , , , , , , | 41 Comments

Global carbon market expected to crash, already loses half of its value since 2011, from $18 to less than $10 in 2012

Global Carbon Market Hits $176 Billion in 2011 By Jo Nova Global Carbon Market trading climbed to $176 billion in 2011 according to the The World Bank, which has just released it’s annual State and Trends of The Carbon Market … Continue reading

Posted in Carbon credits | Tagged , , , , , | 52 Comments

Cap and Trade protest petition in California

Thousands Petition Gov. Brown To End Cap And Trade By Amy Quinton, California Capitol Network Californians Against Higher Taxes and business groups delivered the petitions against what they call an illegal and hidden energy tax. The cap and trade program … Continue reading

Posted in Cap-and-trade, Carbon credits | Tagged , , , , , , , | 52 Comments

Increased CO2 Emissions Will Delay Next Ice Age

Sir Fred Hoyle Vindicated (Via Dr. Benny Peiser of the GWPF) According to new research to be published in Nature Geoscience  (embargoed until 1800 GMT/10AM PST, Sunday 8 January 2012), the next ice age could set in any time this … Continue reading

Posted in Carbon credits | Tagged , , , , , , , | 140 Comments

China Warns EU’s Green Fanatics Of Global Trade War

Via the GWPF, the great war of flying carbon credits appears to be massing on the border. China has warned the European Union to abandon its controversial carbon tax on airlines or risk provoking a global trade war. Adding weight … Continue reading

Posted in Carbon credits, Politics | Tagged , , , , , , , | 93 Comments

EU carbon trading in freefall

Looks just like what happened to the Chicago Carbon Exchange is about to repeat in Europe. Source: http://www.barchart.com/charts/futures/CKZ11 By Thomson Reuters Point Carbon LONDON | Wed Dec 14, 2011 12:01pm EST LONDON (Reuters) – EU carbon prices fell to their … Continue reading

Posted in Carbon credits | Tagged , , , , | 87 Comments

UEA: shake-shake-shake up your Carbon at Durban

From the University of East Anglia  some news that a Major shake-up of carbon markets is called for. To that I ask: what carbon market? Seems they are pretty much DOA now. Research from the University of East Anglia calls … Continue reading

Posted in Cap-and-trade, Carbon credits, Durban Climate Conference | Tagged , , , | 44 Comments

Maryland, quite possibly even more la-la land than California

While California has committed economic suicide with their ridiculous carbon trading plan that nobody wants, Maryland seems to think that magically, green jobs and non baseload power sources will “improve reliability” of electric power. From my perspective, seeing how well … Continue reading

Posted in Cap-and-trade, Carbon credits, Carbon footprint, Energy | Tagged , , , | 80 Comments

They had to burn the village to save it from global warming

From Wikipedia: One of the most famous quotes of the Vietnam War was a statement attributed to an unnamed U.S. officer by AP correspondent Peter Arnett. Writing about the provincial capital, Bến Tre, on February 7, 1968, Arnett said: “‘It … Continue reading

Posted in Carbon credits | Tagged , , , | 64 Comments

“Technology funding makes climate protection cheaper”

From the Potsdam Institute for Climate Impact Research a call to bring on the carbon trading and other tools. Of course, its all just modeling again. 09/19/2011 – To cost-effectively protect the climate, not only an emissions trading scheme but … Continue reading

Posted in Cap-and-trade, Carbon credits | Tagged , , | 42 Comments

Death of a carbon salesman: Chicago Climate Exchange

It was essentially dead when we announced on WUWT Chicago Climate Exchange(CCX) was halting carbon futures trading last year. Note the flatlined final price of 5 cents per ton: My only question now is “what took them so long”? From … Continue reading

Posted in Cap-and-trade, Carbon credits | 48 Comments

Corruption in the carbon trading market

Corruption and crime already taking place in the carbon market Opinion piece by Julie Bishop, Deputy Leader of the Opposition (Australia) 20th July 2011 Carbon offsets have already run out of credit “…..It is alarming that the Prime Minister has … Continue reading

Posted in Carbon credits | Tagged , , , | 43 Comments

Europe’s Green Agenda Folds As Economic Crisis Deepens

Newsbytes from The Global Warming Policy Foundation EU carbon prices have slumped 15% in one week, as a slew of bearish news took its toll on the markets. “It’s just been carnage these last few days,” said a trader at … Continue reading

Posted in Carbon credits | Tagged , , , | 40 Comments

EU Carbon Credit trading takes a dive. In Greece, they can’t hardly give EU carbon credits away

 Guest post by Ecotretas CO2 tumbling down Once upon a time, carbon trading was supposed to be the salvation for Earth’s climate problems. But as time went on, people started realizing that something was wrong. As usual, financial markets anticipated … Continue reading

Posted in Cap-and-trade, Carbon credits | Tagged , , | 55 Comments

Craziest carbon credit scheme yet – shooting camels in Australia

How to Create Carbon Credits – Kill a Camel. By Viv Forbes The people who brought us pink-bats and cash-for-clunkers have a new scheme – we can earn carbon credits by shooting wild camels, humanely of course. Surely it would … Continue reading

Posted in Carbon credits, Government idiocy | Tagged , , , | 151 Comments

Countdown to flatline: world carbon trading market falls for first time – World Bank reports rumblings of possible failure

I wonder how long before flatlining occurs, like last year with the Chicago Climate Exchange (CCX):   Even the Guardian is covering this “failure” of carbon markets. They write: The international market in carbon credits has suffered an almost total … Continue reading

Posted in Carbon credits | Tagged , , , , | 73 Comments

New Hampshire House Votes to Quit Cap-and-Trade

The New Hampshire House of Representatives, the third largest legislative body in the world, voted yesterday to end the state’s participation in the Regional Greenhouse Gas Initiative cap-and-trade program. The House voted 251-108 after less than 5 minutes of debate … Continue reading

Posted in Cap-and-trade, Carbon credits, Carbon dioxide, Carbon footprint, Climate News, Energy, Government idiocy, Politics | Tagged , , , | 51 Comments

California’s AB32 global warming law put on hold by judge

From the LA Times, some “climate justice” for the poor:

Posted in Carbon credits, Politics | Tagged , , , , , | 61 Comments

California’s AB32 cap-n-trade: “could be worse than sticky”

SPECIAL REPORT-The California Carbon Rush (Hold the Eureka!) It could be worse than sticky, argues Gary Stern, a power utility executive. Stern lived through the disastrous deregulation of the California power market a decade ago and fears the carbon market … Continue reading

Posted in Carbon credits | Tagged , , | 80 Comments