Category Archives: Carbon credits

The “next big thing”: a carbon swap bank

Via Eurekalert: Carbon swap bank to beat climate change Could swapping carbon emissions rather than trading them reduce climate change? Australian researchers have suggested that nations should abandon the concept of carbon emissions trading in favor of a carbon swap … Continue reading

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Posted in Carbon credits | Tagged , , | 55 Comments

Kyoto Protocol: Bad Science = Bad Policy

Guest Post by Ruth Bonnett As early as 1969, writings by Ayn Rand – philosopher and novelist – sounded the alarm bells on the environmentalist movement and the potential impact on our society: The uncontested absurdities of today are the … Continue reading

Posted in Agriculture, Bad science, Carbon credits, Carbon dioxide, Carbon footprint, Environment, Government idiocy, IPCC, Opinion | Tagged , , , , | 97 Comments

New Hampshire to Consider Withdrawing from RGGI

RGGI is the Regional Greenhouse Gas Initiative, created by a group of ten northeastern states. RGGI runs a carbon trading scheme with the primary goal to reduce CO₂ emissions. Permits are auctioned off quarterly, September’s auction only sold 75% of … Continue reading

Posted in Carbon credits | 28 Comments

Chicago Climate Exchange = FAIL, Now California opens “Pacific Carbon Exchange”

UPDATE: related story shows what can happen when emissions trading doesn’t have proper checks and balances – Carbon trading tempts firms to make greenhouse gas California hasn’t learned from the failure of the Chicago Climate Exchange this year, when a … Continue reading

Posted in Carbon credits | Tagged , , , | 127 Comments

Exposed: A $7-billion carbon scam

Here’s more clear evidence that the Carbon Trading industry is doomed. Not only has carbon trading been halted in the USA due to lack of a market and ludicrously low prices of a nickel per ton, now it has been … Continue reading

Posted in Carbon credits | Tagged , , , | 70 Comments

Public carbon trading dead in the USA

Gore’s grand experiment has flatlined. As we reported almost two weeks ago, the Gore and Pachauri advised Chicago Carbon Exchange (CCX) has closed. Closing price? A nickel per ton of CO2. Here’s the final day closing page for posterity:

Posted in Carbon credits, Carbon dioxide | 122 Comments

US Carbon trading – not worth a plug nickel

I wrote a few weeks ago that The only lower price than today’s closing price on a ton of carbon is ZERO. That’s true now more than ever. See the chart below from yesterday’s close of the Chicago Climate Exchange: … Continue reading

Posted in Carbon credits, Carbon dioxide | 84 Comments

Cancel all your European travel and vacation plans – carbon trading extortion is here

This is idiotic. The EU carbon trading cabal has decided to extort the rest of the air travel world starting in 2012. In a nutshell, they’ll ban flights from landing if the airlines don’t engage in carbon trading. It’s yet … Continue reading

Posted in Carbon credits, Government idiocy | 143 Comments

My town’s “Climate Action Plan”

The town I live in, Chico, CA is sometimes known as “Berkeley North” due to the liberal influence of Chico State University (CSUC). In this case, CSUC’s sustainability cabal, led by Professor Mark Stemen and Mayor Ann Schwab, has snookered … Continue reading

Posted in Carbon credits, Government idiocy, Opinion | 205 Comments

Chicago Climate Exchange drops 50%, new record low

The only lower price than today’s closing price on a ton of carbon is ZERO Perhaps reacting to the news yesterday about the IPCC getting taken to the woodshed, the growing number of stories in the MSM about the IPCC … Continue reading

Posted in Carbon credits | 84 Comments

EPA fines Tesla Electric Motors $275,000 for non-compliance

In bureaucracy, truth is often stranger than fiction. A non polluting electric car company gets slammed with fine for “non compliance” for a car that can’t produce any emissions. That’s weird enough by itself, but even weirder is what else … Continue reading

Posted in Carbon credits, Government idiocy, Technology | 117 Comments

Nothing runs like a Deere – company bails on cap and trade

By Bob Tita Of DOW JONES NEWSWIRES CHICAGO -(Dow Jones)- Deere & Co. (DE) has quietly dropped out of a coalition of large companies that has supported a cap-and-trade program for reducing carbon dioxide emissions. Deere, the world’s largest manufacturer … Continue reading

Posted in Carbon credits | 51 Comments

The biggest environmental scandal in history

A UN board could rein in $2.7 billion carbon market to prevent the double dipping of CFC manufacturing incentives and carbon credit sales, as discovered to be happening in China. Guest post by Ric Werme Excerpts from: http://news.yahoo.com/s/ap/20100821/ap_on_bi_ge/un_un_carbon_cutting_scheme# reports UNITED … Continue reading

Posted in Carbon credits, CFC's, Ozone | 75 Comments

Chicago Climate Exchange still flatlining – employee cuts

From the “unsustainable business” department, who wants carbon at 10 cents a ton? Apparently, nobody. Data below as of August 8 2010: Source: http://www.chicagoclimatex.com/market/data/summary.jsf From Reuters, news of layoffs. At least their carbon footprint will be lower…

Posted in Carbon credits | 101 Comments

Green -vs- Green: Eu Climate Exchange website hacked

NOTE: See updates below, it appears a green group, Climate Justice Action claims responsibility and apparently attacked ECX.eu in a tiff over carbon credit policy. The Independent Media Centre of Australia is reporting that the sister website of the flatlining … Continue reading

Posted in Carbon credits | 86 Comments

New Zealand’s Prime Minister: Climate Change bill a “load of rubbish” and “hoax”

Via Andrew Bolt in email, some surprising revelations about New Zealand’s Prime minister and his previous opinion of the ETS. It appears he has done a complete about face from his very strong opinions of 2005. The Prime Minister of … Continue reading

Posted in Carbon credits, Politics | 76 Comments

New Zealand begins emissions trading scheme, meanwhile the Gore/Pachauri Chicago Climate Exchange is flatlining

The months of flatlining at the Chicago Climate Exchange (CCX) should be a hint to the rest of the world that carbon trading is dead. Time to take it off life support. Even at 10 cents a ton, nobody wants … Continue reading

Posted in Carbon credits | 82 Comments

What Australian Media is saying about Rudd, Gillard, and ETS – which looks dead for now

Via the GWPF and Dr. Benny Peiser – here is a summary of articles discussing the Emissions Trading Scheme (ETS) future in Australian politics. ETS looks “deader ‘n a doornail” right now. This graph (courtesy of David Archibald) may help … Continue reading

Posted in Carbon credits, Politics | 57 Comments

Whale poop fights global warming

Click here to watch the video..NOT From the Sydney Herald Southern Ocean sperm whales are an unexpected ally in the fight against global warming, removing the equivalent carbon emissions from 40,000 cars each year in their faeces, a study shows. … Continue reading

Posted in Carbon credits, Ridiculae | 89 Comments

Kerry-(Graham)-Lieberman: a monstrous collection of payoffs to big business

By Myron Ebell, via Globalwarming.org The chance that the Senate will pass a comprehensive energy-rationing (a k a climate) bill this year remains close to zero.  BP’s big oil spill in the Gulf changes very little. The global warming movement … Continue reading

Posted in Carbon credits, Politics | 53 Comments

Australia dumps Carbon Trading Scheme

WUWT reader Chris M Writes in Tips and Notes to WUWT Have you noticed that the Australian PM, Kevin Rudd has dumped his CTS until at least 2012. This was his key platform at the last election, when he described … Continue reading

Posted in Carbon credits, Politics | 83 Comments

Carbon Emissionaries

In 2005, the European Union (EU) put into place a carbon trading scheme. Prices for carbon permits promptly plunged, and have remained depressed since then. The price for a permit to emit a tonne of CO2 went from 21.59 Euros … Continue reading

Posted in Carbon credits | 80 Comments

French give up on carbon tax plan – for now

In a move sure to set off a tirade from Joe Romm, we have this story from the BBC: French government backs down on carbon tax plan The French government has signalled that it is dropping a plan for a … Continue reading

Posted in Carbon credits, Politics | 104 Comments

Scandal brewing in the Euro carbon credits market

This report is from Europe via The Times Online. Meanwhile back here in the USA, the Chicago Climate Exchange (CCX) is going through a record period of low price (ten cents a metric ton) and extended lull in trading: Magnified … Continue reading

Posted in Carbon credits | 111 Comments

Australia’s restrictive Rudd government about to claim its first carbon bureaucracy victim

Wholesale theft in the name of carbon By Jo Nova Imagine a third world nation was mired in corruption so deeply that the ruling class were able to stealthily steal the rights to vast acreage of private property from landowners … Continue reading

Posted in Carbon credits, Politics, Ridiculae | 214 Comments

Carbon trading fraud in Belgium – “up to 90% of the whole market volume was caused by fraudulent activities”

From the Guardian: Belgian prosecutors highlighted the massive losses faced by EU governments from VAT fraud today after they charged three Britons and a Dutchman with money-laundering following an investigation into a multimillion-pound scam involving carbon emissions permits. The three … Continue reading

Posted in Carbon credits | 106 Comments

Pachauri’s Carbon Choo-Choo off the rails

There are some interesting developments in British press about the IPCC and Pachauri, both on the extraordinary financial conflicts of interest in the IPCC process. In the UK  Telegraph, Richard North of the EU Referendum and Christopher Booker strongly suggest … Continue reading

Posted in Carbon credits, Climategate, Satire | 170 Comments

News from Copenhagen: Denmark rife with CO2 fraud

Gosh, who could have predicting this? Oh, wait, haven’t we we heard this same thing months before in Britain? See this WUWT story. From Tuesday, 01 December 2009 10:08 DN News Denmark rife with CO2 fraud Scams in many countries … Continue reading

Posted in Carbon credits | 78 Comments

Australia’s Emissions Trading Scheme (ETS) fails 41 to 33 – Climategate a contributor

Add this to the United State’s Senate failure to even address the cap and trade issue, and it appears that carbon trading is losing the financial and political luster it once had. Now Australia’s ETS scheme is delayed in their … Continue reading

Posted in Carbon credits, Climategate | 139 Comments

Ripples of Climategate? Liberal MP’s desert Turnbull in Australia over emissions trading scheme

Wow, Australia’s parliament just imploded over discord due to emissions trading scheme being pushed by opposition leader Malcolm Turnbull (website here). Here’s the news from the Australian Broadcasting Corporation: Pretty heavy stuff when Liberal MP’s resign rather than vote for … Continue reading

Posted in Carbon credits, Politics | 166 Comments

Carbon Credit Market Imploding: CCX now 10 cents a tonne

We knew this was coming. Carbon Financial Instruments are now trading for 10 cents per metric tonne on the Chicago Climate Exchange. I wonder if the investors are reacting to the Hockey Stick Implosion news? As reported on WUWT, less … Continue reading

Posted in Carbon credits | 67 Comments

Carbon offsets lose 20% of their value in the last week at CCX

It appears that the carbon offset market is dying in the USA. You may recall the WUWT story from 9/9/09 on the Chicago Climate Exchange trading price dropping to 25 cents per metric ton. See Market Confidence Low: Carbon Credits … Continue reading

Posted in Carbon credits | 59 Comments

Carbon offset kiosk at SFO sells carbon credits at 60 times the market rate

According to the San Francisco Chronicle, the SFO airport has now installed carbon offset purchase kiosks so that you can remove the guilt from your flight. Only one problem. The carbon offsets sold by kiosk sell at a rate that … Continue reading

Posted in Alarmism, Carbon credits, Ridiculae | 154 Comments

Market Confidence Low: Carbon Credits now worth 25 cents, were at $7 in 2008

From Tom Nelson: Plunging prices at the Chicago Climate Exchange ABOVE: CCX CFI End of Day Summary: Offsets now selling for 25 cents each Back on September 2nd, 2006/2007 instruments were selling as low as 20 cents and held that … Continue reading

Posted in Carbon credits | 116 Comments

“This is barking mad. We’re an island – how else are we going to leave it from time to time? By rowing boat?”

The title was from a comment in the London Times on this story about Carbon Taxes on air travel to/from Britain. h/t to Leif Svalgaard. Passengers face new tax to halt rise in air travel Tens of billions of pounds … Continue reading

Posted in Carbon credits, Politics, Ridiculae | 115 Comments