Senate budget leaders warn against using spending bill to move climate plan - NYTimes.com

From a political standpoint, Conrad indicated that a number of senators who are on the fence or close to it when it comes to climate change legislation may jump ship if they stand to lose the opportunity to influence the legislation. "There an awful lot of senators who are on the margins of this issue who would be very concerned if their leverage was reduced by that mechanism," Conrad said.

Allegedly Grim New Report: China's Greenhouse Gas Emissions Threaten to Double - SPIEGEL ONLINE - News - International

Can a climate catastrophe still be averted? Scientists voice pessimism in a new study, which concludes that no matter what the Western industrialized nations do, China's greenhouse emissions will be hard to stop.

Negotiators urged to ditch "reckless" cap-and-trade gamble - 11 Mar 2009 - BusinessGreen.com

One of the top economists in the US has today urged political leaders to abandon the "reckless gamble" of the Kyoto Protocol's approach to carbon trading and instead adopt carbon taxation as a proven and more effective means of putting a price on carbon.
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He said that while many businesses and countries had used CDM credits in their carbon accounts, there was no satisfactory way of verifying the emission reduction from CDM projects as they were located in countries with no carbon caps.

He argued that as a result, CDM approved credits, or CERS, were an "opaque" instrument equivalent to the now much maligned derivatives. He joked that perhaps those firms selling CERs were "the same firms that a few years ago were selling mortgage-backed securities".