Gore's scam nets $106.5 million for 10 states -- Newsday.com

ALBANY, N.Y. - The nation's second auction of carbon dioxide emissions allowances yielded $106.5 million for the 10 northeastern states in the Regional Greenhouse Gas Initiative.
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RGGI reported Friday that all 31.5 million allowances, each representing a ton of carbon, were sold in the Dec. 17 auction for a clearing price of $3.38 per allowance.

Middle class still not sold on climate change | The Australian

"I CAN'T for the life of me see why we should be paying for something that won't make a jot of difference.

"India, China, Brazil, Indonesia. They won't contribute. So we go first. I just can't see why."
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"I don't quite understand how it's all supposed to work, this reduction target and the trading system. I am worried it will put a cost on things that will flow right through my business -- power, materials," he says. A day speaking to Verey and others in the shops, streets and malls of Deakin reveals a great deal about Kevin Rudd's chances of selling his climate change policy beyond the younger cohort and into middle Australia.

Warm-up act in climate war | The Australian

According to the Climate Institute, a 5 per cent national target means the non-shielded parts of the economy have to reduce their emissions by 18 per cent. If the Government tried for a 15 per cent national cut, the rest of the economy would have to reduce its emissions by a whopping 29 per cent.
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It's said a camel is a horse designed by committee, which makes you wonder what kind of bizarre ETS creature could emerge from the upper house.