Guest essay by Eric Worrall h/t JoNova – carbon traders are complaining that over-issuing of carbon permits, a lack of political will to make carbon trading work, has destroyed investor confidence in the industry. Tough to Keep the World From Warming When Carbon Is This Cheap Carbon markets, the free-enterprise solution to saving the world…
Guest essay by Eric Worrall A report by the Stockholm environment institute claims that a UN carbon credit scheme “significantly undermined” efforts to tackle global warming. According to the BBC; The vast majority of carbon credits generated by Russia and Ukraine did not represent cuts in emissions, according to a new study. The authors say…
Maurizio Morabito originally observed that the Pope’s climate encyclical was a “damp squib”. For the most part it is harmless, but it does confront carbon credits and a “ploy”, albeit Pope Francis believes that some “radical changes” are needed. He is against materialism and consumption- nothing new there. Reading it, one can’t be certain he is…
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…
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.
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 throne on the seashore, waves lapping round his feet. Canute had learned that his flattering…
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…
