Bilateral fiddling as carbon permits burn

The shock waves from the price slide are continuing. On one Chinese media estimate, about half the projects launched in China on the assumption that carbon credits would be cashed out into Europe's system are being renegotiated, in limbo or at risk of failing...In other words, if the EU does not find a way to intervene in the market and crush the number of permits on issue, Australia is on a pathway to a trading system that will have next to no effect on emissions.

Tony Abbott may be promising to kill off a scheme that is headed for oblivion anyway.

Round up: tackling climate change | Local government network | Guardian Professional

Tackling apathy: Lack of interest is going to be a major hurdle when attempting to roll out large community projects, such as insulated council housing stock.

Khosla-Backed Coskata Shelves IPO, Shifting Focus to Gas - Bloomberg

Coskata Inc. (COSK), a biofuel company backed by venture capitalist Vinod Khosla, shelved its $100 million initial public offering and is seeking investors for a plant that will convert natural gas into ethanol.

Sen. Merkley, citing climate fears, wants big study of coal export plans - The Hill's E2-Wire

The letter notes that some communities see big economic opportunities from the proposed projects. “At a time when we need to be doing everything possible to promote economic development and get Oregonians back to work, the proposals could have benefits for our state,” it states.