California Moves to Revoke Carbon Credits After Inquiry

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…

$260 / ton for carbon – the price of salvation

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…

King Canuccitelli plans to tax carbon right out of the air

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.…

Lords a leapin

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,…

EU Carbon price continues to fall amid reports of distant EU prop-up and $9 million carbon credit scam

The news from Reuters Point Carbon today is not good: Germany unlikely to form CO2 backloading position before Sept: Ireland 22 Apr 2013 11:22 Last updated: 22 Apr 2013 13:03…

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…

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…

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…

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…

EU carbon sinks to new record low – loses nearly 40% of value in January

From the told ya so department, after a small dead cat bounce yesterday due to an auction, traders are unloading today. Yesterday’s closing price was 5.02, today it is 4.64.…