California Moves to Revoke Carbon Credits After Inquiry

California, operator of the nation’s biggest carbon market, plans to revoke offset credits issued to EOS Climate Inc. and Environmental Credit Corp. for ozone-depleting substances destroyed at a plant in violation of its federal permit. The companies operated projects that delivered refrigerants, proven to destroy the earth’s ozone layer, to aClean Harbors Inc. (CLH) complex…

$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 $260 / ton is required to prevent dangerous global warming. About these ads

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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 an eight-month inquiry by the UK’s House of Lords into the EU power sector. The…

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 scheme by voting against a measure to support the price of carbon permits. The price…