CO2 caps not enough to save China CDM: Point Carbon | Reuters

LONDON (Thomson Reuters Point Carbon) - A Chinese plan to set absolute caps on industrial CO2 emissions is unlikely to persuade the EU to continue paying for project-based emission reductions under the U.N.'s clean development mechanism (CDM), market observers say.

A high-level official in China's National Development and Reform Commission (NDRC) told a conference in Beijing last week that China is considering a plan to set absolute caps on greenhouse gas emissions from sectors such as iron, steel and cement production.

For China, the world's biggest emitter and supplier of U.N.-issued carbon offset credits, this would represent a significant policy change, as Beijing has previously only been willing to set relative carbon targets based on efficiency levels.

Analysts said the move would most likely fail to convince the EU to drop its plans to ban offset credits from new Chinese projects in its emissions trading scheme after 2012, according to analysts.

"I think the EU will look at this with a bit of skepticism," said David Lunsford of Hong Kong-based carbon consultancy Enecore.

Cold Deadly For Coral | Real Science

I guess there is a reason why coral grows in the tropics.

38th Hottest Year On Record In The US! | Real Science

YTD cooler than 1896, 1900, 1910, 1911, 1921, 1925, 1931, 1934, 1938, 1939, 1946, 1952 and 1954.

CSIRO pays for praise | Herald Sun Andrew Bolt Blog

The CSIRO, notorious for its warming alarmism, is effectively bribing journalists to praise it: