The Great Wall Embraces Wall Street [Climate Swindle] | Marc Gunther | Reuters

This could lay the groundwork for a mandatory market in the not-too-distant future.

That, at least, was my takeaway from a Low Carbon Conference held in New York that brought together leaders of the world’s big stock exchanges, energy industry executives, environmentalists and experts in carbon finance. [Disclosure: I hosted the event for BlueNext, a French company that recently announced a partnership with the China Beijing Environmental Exchange to develop carbon trading in China.] Not surprisingly, the Chinese are looking for money from the west, specifically from companies and governments looking to offset their emissions. They argue that they can reduce emissions faster and cheaper than the U.S. or the EU. But they also expect to raise money from businesses and individuals in China that care about climate change.
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What was striking was to hear Chinese executives like Xiong Yan, chairman of the China Beijing Environmental Exchange, who has impeccable Communist Party credentials, wholeheartedly agree that banks like Merrill Lynch and Citi and utilities like Duke Energy need to help solve the climate crisis. Merrill, Citi and Duke were all invited to speak by the Chinese, who shaped the agenda for the event.

EU CO2 [Swindle] Permits Rise After Commission Vows to Prevent Surplus - Bloomberg.com

The EU has already decided to revamp the program as of 2013 by scrapping country-based permit grants in favor of a centralized system. While the change will avoid a repeat of the current conflicts, any extra supply of allowances before then could also push down prices after 2012 because permits can be carried over to later years.

Cases challenging the commission’s decisions on national allocation plans are pending from Hungary, Bulgaria, the Czech Republic, Latvia, Lithuania and Romania, which are among 10 former Soviet countries that joined the EU since 2004.

Canada and climate change: Nothing gets done, fingers get pointed - The Globe and Mail

The world faces its greatest tragedy of the commons with the warming of the planet's atmosphere that is overwhelmingly caused by human activities, especially emissions of carbon dioxide and methane. Crank scientists and their dwindling band of supporters contest this warming, but the overwhelming majority of scientists have declared it to be a fact. Indeed, the latest scientific evidence suggests an acceleration of warming trends.

REALLY, MEG? Suspending Climate-Change Legislation AB32 is Backwards Thinking | Gavin Newsom

The potential employment upside to AB32 is staggering.