Thursday, December 20, 2012

Doha Hoha - Global Warming Hits A Scientific Iceberg :: The Market Oracle
Given the actual trend of CO2 accumulation in the atmosphere, and assuming there is at least a doubling of CO2 from the pre-industrial level by year 2100, in 87 years, intensified in its effects by 30% through other GHG (greenhouse gases), the outlook is for a possible rise of about 1 - 1.5 degree C. It is not difficult to conclude that a cumulative change of much less than 2°C by the end of this century will do no net harm. Probable effects would be a slight increase in cloud cover and rainfall, some lengthening of growing seasons, continued but slow melt of the Greenland ice, and others.
Snowdrifts, strong winds cause chaos in north-eastern Bulgaria as harsh winter weather grips Eastern Europe - The Sofia Globe
Heavy snowfalls and strong winds led to declarations of states of emergency in eight municipalities and a district in north-eastern Bulgaria on December 20 2012 as the country got a chilly taste of the harsh winter weather that has claimed lives in Ukraine, Russia and other parts of Eastern Europe.
NZ carbon falls to fresh low despite supply curbs - News - Point Carbon
BEIJING, Dec 20 (Reuters Point Carbon) - Spot permits in New Zealand’s Emissions Trading Scheme fell 5.1 percent over the week to close Thursday at a record low NZ$2.50, as new rules to curb offset use failed to lift prices.
TEP shareholders vote to wind up company - News - Point Carbon
LONDON, Dec 20 (Reuters Point Carbon) – Shareholders of clean energy project developer Trading Emissions plc (TEP) on Wednesday voted to sell the London-listed fund’s assets and wind up the struggling company amid plummeting carbon offset prices and dim investment prospects.

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