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 recognizable and relevant at any time in history and in any society. His most famous…

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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 given no indication that she is aware or has any understanding of the recent history…

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 collapse, with only $1.5bn (£916m) of credits traded last year… Now that the Kyoto protocol…

Quote of the Week

It is no secret that we don’t think much of carbon trading here in the USA. Witness the fact that the much ballyhooed Chicago Climate Exchange has closed up trading for good after the spot price for carbon fell to a nickel per ton. They couldn’t give it away. At that price, had they issued…