Friday, November 23, 2012

Why a Low Carbon Price Can Be Good News for the Climate - Eric Pooley - Harvard Business Review
the great thing about the cap is that we don't have to know what the price should be. The market will decide that.
Flashback: State's 1st carbon auction goes smoothly - SFGate
Only 5.6 million of them sold, with a closing price of $10 - the minimum allowed.
The New Nostradamus of the North: The megalomaniac Green Climate Fund
I am afraid that President Lee Myung-bak - or at least his successors - will be in for a great disappointment. If there is any sanity left in the western paymaster countries the Green Climate (scam) Fund will never get the $800 billion - ore even a fraction of it. And neither will there be any need to "expand out into considerably more space" in the struggling Songdo International Business District. But even the first hundreds of overpaid international climate bureaucrats expected to fill the 15 floors in Songdo, are far too many.
The U.S. Congress should and could play a major role in making the life span of the Green Climate Fund as short as possible.
What's at stake in Doha climate talks : Nature News & Comment
The United States never ratified the Kyoto Protocol and has made it clear that it has no interest in going down that track now. Japan, Russia and Canada have all ducked out of a second round, but the ground is still shifting. Earlier this month New Zealand dropped out, and Australia announced that it would take part. As for the developing countries, where virtually all of the growth in emissions is taking place, the Kyoto framework requires nothing in the way of emissions reductions from them. As a result, the legal obligations under Kyoto II would apply to a small share of the global emissions — less than 15% of the total, according to UN officials.

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