Lawsuit challenges California cap and trade program – "…only way to capture CARB's attention."

While the EU carbon trading market began its death spiral this week, much like the Chicago Climate Exchange (CCX) where it ended up at a nickel per ton when the exchange died and closed per good, CARB’s director, Mary Nichols, is obliviously pushing forward with the cap and trade program for California. But wait there’s…

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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…

Obama By-Passes Gas

Guest Post by Willis Eschenbach President Obama continues his Global War on Cheap Energy™, this time under the guise of avoiding “spikes” in gasoline (petrol) prices.  He wants to pass gas without regrets and move post-haste to electricity and biofuels, although both are more expensive than gasoline and diesel for road and rail transport. According…

EU Carbon Trading 'death spiral' continues

UPDATE: it’s worse than we thought, see below. Carbon has closed below $4 a ton in a new record low while Deutsche Bank bails From Reuters: Deutsche Bank quits carbon market: board member 31 Jan 2013 12:42 Last updated: 31 Jan 2013 15:04 LONDON, Jan 31 (Reuters Point Carbon) – Deutsche Bank has shut its…

End times for carbon trading

Readers may recall this story this past week at WUWT: European Carbon Trading Hits Another Record Low. It was a short lived record, beaten again the very next day. Today, from Reuters Point Carbon, a view of the end times for carbon trading:

European Carbon Trading Hits Another Record Low

Sluggish German economy forces EU carbon to record low 17 Jan 2013 17:26 Last updated: 17 Jan 2013 21:32 LONDON, Jan 17 (Reuters Point Carbon) – EU carbon prices hit a fresh record low on Thursday as poor economic data from Germany and relatively healthy supply of coal continued to force European power and coal…

The carbon trading money tree

If the carbon trading business seems too good to be true, maybe there’s a good reason Guest post by Kelvin Kemm The COP-18 environmental conference held in Doha has come and gone. In the wake of high expectations for a successor treaty, the Kyoto Protocol was extended, but only after bitter debate – and several…