[We're saved!]: Poland Sells $41 Million in Emission Credits to Japan (Update3) - BusinessWeek

Poland suffered a slump in industrial production after the collapse of communism 20 years ago, leaving it with about 500 million excess permits, the world’s third-largest surplus. They are valued at about 4 billion euros, Kraszewski said in a radio interview last month. He said he’d be “delighted” if Poland sold as much as 1 billion euros of AAUs through 2012.

UN Carbon [Swindle] Board ‘Concerned’ as Offset Prices Slump (Update1) - BusinessWeek

The price of UN carbon credits, which governments and companies can purchase to offset their emissions of greenhouse gases, are languishing at a fraction of the 100 euros ($136) that David King, the U.K. government’s former chief scientific adviser, says is necessary to “de-carbonize” the economy.

[Are these people all gun-clinging, cousin-marrying, Bible-banging Glenn Beck fans?]: Japan: Hatoyama Says Dissent Has ‘Almost Gutted’ Climate Bill Draft - BusinessWeek

The current draft has “almost been gutted” because of dissent, Hatoyama told an Upper House budget committee meeting broadcast on NHK television yesterday.

Japan’s Draft Climate Bill Omits Mandatory Limit on Emissions - BusinessWeek

March 3 (Bloomberg) -- Draft legislation for a new Japanese climate bill omits mention of a limit on emissions by industry, a sign Prime Minister Yukio Hatoyama’s government may retreat from an earlier promise to start a cap-and-trade system.