From Reuters Timothy Gardner, Valerie Volcovici, Sarah N. Lynch WASHINGTON (Reuters) – The United States on Wednesday sued California for entering a climate agreement with Canada’s Quebec province, saying the state had no right to conduct foreign policy, in the latest feud between the Trump administration and the state. FILE PHOTO: California’s Governor Gavin Newsom…
I’ve often said my email is like a fire hose. Here’s an example of something that got lost in the stream and I didn’t find it until last night while looking for another email. Zeke Hausfather writes (In August 2012): We have a new memo through Berkeley Earth that attempts to discern the causes of…
From the University of Edinburgh Free market is best way to combat climate change, study suggests The best way to reduce carbon emissions and combat climate change is through the use of market forces, according to a new study. Researchers who monitored the effectiveness of the European Climate Exchange (ECX) – the world’s biggest carbon…
Guest essay by Phillip Hutchings The main political news down-under this weekend is that Australia’s flawed Carbon Tax is going to morph into an emissions trading scheme in 2014, one year ahead of schedule. That’s not surprising, as data is emerging from the one year old Carbon Tax scheme which makes it look more and…
Guest post by Dr. Vincent Gray NZCLIMATE TRUTH NEWSLETTER NO 308 APRIL 25th 2013 I have been neglecting you. Things have quieted down. I am 91 and it is high time I retired, like my friend Will Alexander in South Africa or my major protagonist, former Professor Martin Manning.. I thought I would call it…
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…
I noted this juxtaposing today, and thought I would share it. First this story from Reuters today: EU capped emissions fall below expectations * Carbon prices drop to record low * Power sector down 3.1 pct, others off by 0.5 pct * Germany emissions down 1.2 pct; UK off 7.2 pct (Releads with record low…
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. That’s a value loss of 8% in a single day. So far, for the month of January, EUcarbon has lost almost 40% of its value,…
From the I’ve been telling you so for some time now department comes this headline from Bloomberg. And it is getting desperate in the carbon market. Readers may recall last week I reported two new record lows on the EU carbon price, where Friday saw a 10% drop in a single day to add to…
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: