Julian Glover: A collapsing carbon market makes mega-pollution cheap | Comment is free | The Guardian
Set up to price pollution out of existence, carbon trading is pricing it back in. Europe's carbon markets are in collapse.Storm brews over emissions | smh.com.au
Yet the hiss of escaping gas is almost inaudible. There's no big news headline, nothing sensational for TV viewers to watch; no queues outside banks or missing Texan showmen. You can't see or hear a market for a pollutant tumble. But at stake is what was supposed to be a central lever in the world's effort to turn back climate change. Intended to price fossil fuels out of the market, the system is instead turning them into the rational economic choice.
SUDDENLY, climate change has turned into Kevin Rudd's perfect storm. The issue that worked so strongly in his favour in 2007 threatens to be a political nightmare.Is Obama a closet conservative?
The U.S. president, in a veiled criticism of the Kyoto Accord on climate change, also noted that no solution to global warming can be found unless China and India are drawn in.Squabbling derails greenhouse gas efforts, says ex-minister | Environment | The Guardian
This has been Harper's position all along. It was also that of former U.S. president George W. Bush.
Elliot Morley, head of the new energy and climate change select committee, said tensions between different government departments had undermined moves to cut greenhouse gas pollution. Policies to cut carbon and help the environment were dismissed inside Whitehall as "idealistic and not giving enough attention to the pragmatic needs of industry", he said.
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