A new post containing a cartoon from Josh will appear every hour. At the end of the 24 hours, everything will be collated on a single page. Readers are encouraged to post skeptical arguments below, as well as offer comments on what has been seen from the Climate Reality Project so far.
Carbon credits are the new indulgences.
Too bad though that carbon credits are on the way out, failing big time:
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 the Wall Street Journal:
ICE to Close Chicago Climate Futures Exchange
CHICAGO—IntercontinentalExchange Inc. told traders Friday that it would shut down its U.S. emissions derivatives platform, a year after acquiring its parent only to suffer sparse trading as the prospects of a federal carbon-reduction plan remain dim.
The money-losing Chicago Climate Futures Exchange venture will continue operating through the first quarter of 2012 before closing, exchange officials said in a notice. ICE will then list over-the-counter emissions contracts mirroring products listed on the platform.
“The U.S. has not enacted carbon cap-and-trade legislation and changes to the EPA acid rain program have reduced trading activity,” ICE said in the notice. “Accordingly, Chicago Climate Futures Exchange volumes are down substantially and the exchange is operating at a loss.”
You can still get carbon credits here, and the price is very affordable.
Josh put a lot of work into these, so if you like the work, drop by the tip jar. Unlike Gore’s CRP, he won’t spam you asking for more. Buy him a beer, he’s worked a long time bringing us enjoyment with only some “attaboys” sent his way.