Climate bills shifted to back burner yet again | VentureBeat

Initially, Boxer said her co-authored bill would start working its way through the Senate by the end of this month, but fears that emissions restrictions would be costly for businesses and further disadvantage the U.S. economy have killed the buzz. Right now, staff members for the Environment and Public Works Committee in the Senate are working on proposals for the distribution of pollution credits — perhaps the most heated aspect of the legislation. The controversy this sparks when it rolls out next week could hold the bill up for months.

Carbon credits fly in the Windy City - thestar.com

CHICAGO–This city has come a long way from selling pork bellies.

Today, it's a place where farmers on windswept, parched farms in Saskatchewan can sell excess carbon credits to coal miners in Australia. This type of trading, on the Chicago Climate Exchange, might be an effective way for businesses and governments around the world to clamp down on greenhouse gas emissions.
...
By not tilling, farmers cut back on carbon emissions and earn credits worth about $2 to $5 per half-hectare.

CCX CFI End of Day Summary

[How could you write the article above without mentioning that carbon credits have crashed 70-fold in value to 10 cents a ton?]

Not Fighting Climate Change Will Cost $500 Billion a Year

...do you know how much it will cost not to fight climate change right now? How about half a trillion dollars a year?